Year two of SUS kicked off in late June 2012. The studentsdove deep into the fundamentals of entrepreneurship. In addition to completing business plans, students accomplished one of the hardest things in the business world -- making their first sale.
I've been doing this work for a decent amount of time -- long enough to see my youngest participants graduate from college -- and throughout the years I am often asked the same question. Are entrepreneurs born or made?
Dr. King's emphasis on self-reliance and empowerment for low-income people made it possible for someone like me to start a small business. My new dream is to build a business that will solve a problem in my community while creating jobs for people.
For parents and educators, the rapidly developing world of technology is enough to make one's head spin. However, for the younger generation, learning how technology works and finding a business niche is the gold rush of their time.
We believe the practice of entrepreneurship delivers critical life-long outcomes for youth including increased income, increased relevancy to academic content, increased resiliency and positive risk taking skills, and increased connection to community.
Youth unemployment is one of the biggest problems in the world. Its impact is particularly evident in Europe. I believe youth entrepreneurship education can bring these horrible unemployment rates down.
While entrepreneurship is an interesting and often appealing concept to youth because it speaks to their ability to make money, successful entrepreneurship is a farfetched reality if students cannot add, subtract, multiply or divide.
The holiday decorations are all put away, you've survived another big visit from the family, and you're already a little behind on your new year's resolutions. But you can be excited about 2013's prospects for both your startup and the entrepreneurship ecosystem as a whole.
On the streets it was apparent that capitalism is booming, and the stores and workers all told a story. It was a reminder of the dire need for NFTE and our work to ignite young peoples' entrepreneurial mindset.
Being a first mover is only advantageous to the extent that your product and service meets an unmet or existing need better than current offerings and creates a loyal consumer base quickly, whether via network effects or brand adhesion.
The contest is focused on financial technology entrepreneurs, and TradeKing, an online brokerage, will be awarding 12 1M/1M scholarships, picked from 20 finalists, to entrepreneurs who are developing apps on their platform.
During today's roundtable, we turned the spotlight on Western Massachusetts, spanning the Northampton-Amherst area and the home of Smith College (my undergraduate alma mater), Amherst College, UMass, Mt. Holyoke and Hampshire College.
As I sat listening to the divergent views emerging among the entrepreneurs, it was clear to me that while some felt they were held back by the cultural expectations of women, others were moving forward with conviction.
We were encouraged by the open discussion and the expressed expectation of rapid growth even though the entrepreneurial market is nascent in India. This was the first of several meetings we had in New Delhi, but the perception of the challenges and opportunities was beginning to take shape.