GEN MAGAZINE | Page 3

FOREWORD Spark and start - embracing entrepreneurship worldwide Everywhere I go, across the US and around the world, I hear from people who are ready to start something of their own - to lift up people’s lives and shape their own destinies.  And that’s entrepreneurship.  E ntrepreneurship creates new jobs and new businesses, new ways to deliver basic services, new ways of seeing the world -- it’s the spark of prosperity.  Entrepreneurship offers a positive alternative to the ideologies of violence and division that can all too often fill the void when young people don’t see a future for themselves. Entrepreneurship means ownership and self-determination. Entrepreneurship brings down barriers between communities and cultures and builds bridges that help us take on common challenges together.  Because one thing that entrepreneurs understand is that you don’t have to look a certain way, or be of a certain faith or have a certain last name in order to have a good idea. All of you embody a spirit that we need to take on some of the biggest challenges that we face in the world -- the spirit of entrepreneurship, the idea that there are no limits to the human imagination; that ingenuity can overcome what is and create what needs to be. The challenge is -- as so many of you know -- it’s very often hard to take those first steps.  It’s hard to access capital.  It’s hard sometimes to get the training and the skills to run a business as professionally as it needs to be in this competitive world.  It’s hard to tap into the networks and mentors that can mean the difference between a venture taking off and one that falls flat. And it’s even harder for women and young people and communities that have often been marginalised and denied access to opportunities.  You run into old attitudes that say some people, because of where you come from or what you look like, don’t have what it takes to lead or create a business. Of course, the best answer to that kind of thinking is the example that all of you are setting -- your success.  And that’s why I’ve made encouraging this spirit of entrepreneurship a key part of America’s engagement in the world.  I launched the first Global Entrepreneurship Summit in Washington five years ago and I attended this year in Kenya. Since then, we’ve helped empower thousands of entrepreneurs, giving them a boost to launch thousands of new businesses and initiatives. One of the things that we have come to understand in Government is that in order to create successful entrepreneurs, Government also has a role in creating the transparency, the rule of law, and the ease of doing business that creates a platform for people to succeed. One nation that continues to embrace the flame of knowledge and invest in a world-class education for your young people is Ireland. And today, Ireland’s youth, and those who’ve come back to build a new Ireland, are now among the besteducated, most entrepreneurial in the world. This is a nation that met its responsibilities -– and inspired the entire world. We’ve got to invest in human 2-3.indd 3 capital so that everyone has the opportunity to access this information and there’s got to be the framework for access to capital; reduce regulatory barriers; the ability to start up businesses effectively; making sure that governments are facilitating as opposed to being parasitic on entrepreneurial efforts -- that’s our job. I want you all to know that I believe in you.  I believe that you have the drive and the passion to change the world.  You can unlock new solutions to the pressing global challenges that we face.  I believe that as you make these innovations, you’ll make life better for all of us.  So get out there and start something.  We’re excited about it.  We expect great things out of you. President Barack Obama for GEN Magazine 2015 GEN Magazine Ireland Page 3 29/11/2015 6:58 p.m.