Our Different Departments:
Ways we can be Innovative & Come up with Product Ideas:
Steps for Starting a Business:
Build-Measure-Learn - The Product Design Process:
Helps kids get to the execution stage.
Build an eCommerce site.
Every class gets funding $1000-2500.
Students take risks - money shouldn't limit them.
Virtual mentors - Nepriss.
We get walked through the process.
401-3b - philanthropy or back to the school
product development, ideation, etc.
30 classrooms at the moment
(Most successful is a 1st grade class).
- Sugar Scrubs - business teaches entire curriculum (math, English, Science, etc.)
- $16,000 sold!
They provide the Framework.
They can be as involved as we need them to be.
Entrepreneur & Philanthropist - partner (privately funding this himself)
Consultant: non-profit background, international development
5 people on the team
Product idea - could be anything
Parent has a screen shop, candle making shop, etc.
We start there & see how it goes. Can change mid-stream but don't have to.
Most important: How the students conceptualize their business (it's not a fund-raiser). Build the business!
Natural math correlations
Class Wallet - for profit for donors to get money to teachers
They host all the banking for us.
In a week or two
Videos that support the Entrepreneur curriculum:
Other articles & posts:
TEN TRAITS SUCCESSFUL ENTREPRENEURS HAVE:
1. Full of determination (Take what you do seriously / Project a positive business image) (You love a challenge)
2. Not afraid to take risks (You’re responsible for all decisions - good and bad) (Feeling uncomfortable is your new ‘comfort zone.’)(You're scared, but that drives you)(Don't ask permission)
3. High level of confidence (Follow your instincts)(You take action)
4. Craves learning (Invest in yourself / Stay curious, learn new skills)
5. Understands failure is part of the game (Learning is a continuous journey)(You recover quickly from setbacks)
6. Passionate about his or her business (Do what you enjoy)
7. Highly adaptable & resourceful (You welcome change)
8. Good understanding of money management (Manage money wisely / Financial Literacy) (Love your business, but be objective / Numbers don’t lie) (Focused on making money)
9. Expert at networking (Build a top-notch business team / Limit the number of hats you wear / Let go and delegate)
10. Ability to sell and promote (Become a shameless self-promoter (without becoming obnoxious) / Grab attention / Level the playing field with technology)
ADDITIONAL TIPS FOR ENTREPRENEURS 1:
ADDITIONAL TIPS FOR ENTREPRENEURS 2:
ADDITIONAL TIPS FOR ENTREPRENEURS 3:
ADDITIONAL TIPS FOR ENTREPRENEURS 4:
This is my brainstorm list - It is DEFINITELY not a finished product!!!
What is it that makes someone an entrepreneur? What major characteristics do entrepreneurs exhibits? How do you know if a person is an entrepreneur or not? These are all extremely important questions about the concept of entrepreneurship, and they do not come with easy answers: http://www.econedlink.org/lessons/index.php?lid=228&
Some videos kids can watch: http://bizkids.com/teachers/grades, https://www.youtube.com/watch?v=6fKVyeGdKxY, https://www.youtube.com/watch?v=PSnoFz1EWv0
Creativity - Inspiring creativity will build marketing skills Teaching kids about marketing is a great way to prepare them to attract customers to their future business. As you know, without customers, even the greatest business will fail.
Grit & Failure: Schools are wrong about FAILURE In school we were all taught that failure is bad. In the entrepreneurial arena, failure can be a great thing if a positive lesson is learned. Napoleon Hill, author of Think And Grow Rich, states that, "Every failure carries with it a seed of equal or greater benefit.
Communication & Collaboration: Effective communication improves all relationships Most children today are terrible at face-to-face and telephone communication because of the popularity of social media and text messaging.
Independence - creates confidence Wouldn't you love to have independent and successful children? Of course! The entrepreneurial mindset causes kids to depend on themselves for their own success, which leads to well-rounded adults and future leaders.
Become a Leader: Get the advantage by becoming a leader now Children are taught in school to go with the flow and follow the rules. They are programmed to learn and memorize facts instead of becoming independent thinkers.
Responsible Risk-Taking - Calculating Risks: This lesson will take students through the process of calculating risks associated with starting a new business -- the decisions and choices they'd have to make and how to calculate what makes something "worth" the risks: http://www.econedlink.org/lessons/index.php?lid=376&
Innovate and Invent
Make a Plan (Goal-Setting)
Identify strengths and passions
Evaluate ideas and choose
Identify Your Competition
Design and Create your prototype or Provide a Service
Get feedback (survey)
Interview other Entrepreneurs
Identify data (support or reject ideas)
Persuasion (Sell, sell, sell!) - Selling is involved in every part of life This one ability will last a lifetime because it is applied to all types of businesses and careers. From selling products and services to customers, to raising capital from investors, this skill is vital to the success of any
Raise Money (SHARK TANK) (Realistic requests - They need to "try it before they buy it" but may give more down the line!)
Marketing & Advertising
- Students will learn about market research and ways to influence consumer behavior through non-price competition. They will look for ways to make their products or innovations more appealing to consumers through advertisement: http://www.econedlink.org/lessons/index.php?lid=501&
Websites & Social Media
"Lemonade Stand" - raise money to buy technology for the school
Making Money on YouTube: http://www.wikihow.com/Earn-Money-on-YouTube
- Example: http://www.entrepreneur.com/article/245205
Kids must learn how to recognize opportunities: Many people never meet their full potential because they fail to recognize opportunity. Teaching your children to seek out opportunities and take action on them, will directly contribute to their level of future success.
Financial literacy is a must This is one area that we all could use help with. Teaching children about money at an early age will instill a financial foundation that schools often fail to teach.
Rube Goldberg - This lesson illustrates the differences between inventions and innovations. It discusses what entrepreneurs are and their role with inventions and innovations: http://www.econedlink.org/lessons/index.php?lid=155&
Write something about yourself. No need to be fancy, just an overview.