Youth Entrepreneurship Education in America: Short Guide

For the United States to survive and continue its economic and political leadership in the world, we must see entrepreneurship as our central comparative advantage. Nothing else can give us the necessary leverage to remain an economic superpower. I am calling on our nations Governors and state education chiefs to develop standards and assessments that dont simply measure whether students can fill in a bubble on a test, but whether they possess 21st century skills like problemsolving and critical thinking, entrepreneurship and creativity Not every young person wants to work for a big business so we need a systemic approach to teach them entrepreneurship

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Youth entrepreneurship education in America.

TANYA’S

STORY

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President Barack Obama

The Audacity of Hope

I believe in the free

market, competition, and

I believe in the free

market, competition, and

entrepreneurship.

“

”

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Young people in low-income neighborhoods

want the same things we all want.

Young people in low-income neighborhoods

want the same things we all want.

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To get a good education.

To get a good education money to live well. To earn enough

To earn enough money to live well To make their family proud.

To make their family proud.

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The trouble is, very few

have a clear path

for how to get there.

The trouble is, very few

have a clear path

for how to get there.

Worse, they might not

feel like society expects

them to succeed.

Worse, they might not feel like society expects them to succeed.

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drop out of high school 50% of minority youth

An estimated

Did you know?

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Civic Enterprises and The Bill & Melinda Gates Foundation

to real-life.

81%

dropped out if school was more relevant

said they would not have

Did you know?

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What if high school were more relevant in

preparing youth to make it in our economy?

What if high school were more relevant in preparing youth to make it in our economy?

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1 in 5

youth live in poverty in America

youth live in poverty in America

Did you know?

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How would you define “poverty”?

How would you define “poverty”?

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In many American cities, poverty is defined as…

Source: Federal Register, Vol 73, No 15, January 23, 2008, pp 3971–3972.

A family of four living

on $21,200 a year or less.

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That’s just over $50 a day…

…for a family of four.

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get you? get you?

What does

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Four high school students received

$50 each as an experiment

Four high school students received

$50 each as an experiment

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Lena used her $50

to open a savings account.

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Sarah took her friends

to see a movie.

Sarah took her friends

to see a movie.

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Maurice invested his $50

into mutual funds.

Maurice invested his $50

into mutual funds.

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Tanya, who was in a NFTE entrepreneurship class bought a dozen ties and scarves from a NYC

wholesaler and launched a business.

Tanya, who was in a NFTE entrepreneurship class bought a dozen ties and scarves from a NYC

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So what was the return on

each student’s $50 investment?

So what was the return on

each student’s $50 investment?

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Lena earned about $1 interest

from her savings account.

Lena earned about $1 interest

from her savings account.

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Sarah had fun at the movies, but

had no money left after it.

Sarah had fun at the movies, but had no money left after it.

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Maurice’s mutual fund

investment earned $4.

Maurice’s mutual fund investment earned $4

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Tanya sold enough ties and

scarves to earn $148 dollars

Tanya sold enough ties and scarves to earn $148 dollars

She then re-invested $72

in thirty-six more scarves…

She then re-invested $72

in thirty-six more scarves…

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Something started shifting

in Tanya’s brain.

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Tanya had worked part-time at a music store

earning $140 a week.

Tanya had worked part-time at a music store earning $140 a week

She wondered if she

could make even more

with her business.

She wondered if she

could make even more

with her business.

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Perhaps she could make enough money

to help her mother afford the computer

class she needs to get a better job?

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I always thought business was for older people, wealthier people…

But now I know that I can run

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Tanya got excited about more than just running her own business

her potential.

She got excited about

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Today, Tanya is a member of the Babson College

class of 2011, on a $200,000 scholarship

Today, Tanya is a member of the Babson College

class of 2011, on a $200,000 scholarship

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By investing in herself Tanya felt more

confident and in control of her future.

By investing in herself Tanya felt more

confident and in control of her future

This is a story about the

power of ownership

This is a story about the

power of ownership.

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The door to infinite possibilities was opened,

changing Tanya’s life forever

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For the United States to survive and continue its economic and political leadership in the world, we must

see entrepreneurship as our central comparative

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“ I am calling on our nation's Governors

and state education chiefs to develop standards and assessments that don't simply measure whether students can fill

in a bubble on a test, but whether they

possess 21st century skills like

problem-solving and critical thinking, entrepreneurship and creativity

I am calling on our nation's Governors and state education chiefs to develop standards and assessments that don't simply measure whether students can fill

in a bubble on a test, but whether they

possess 21st century skills like

problem-solving and critical thinking,

President Barack Obama

Education Speech, March 2009

”

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“ Not every young person wants to work

for a big business so we need a systemic approach to teach them

entrepreneurship NFTE has the best

program in the country.

Not every young person wants to work for a big business so we need a

systemic approach to teach them entrepreneurship NFTE has the best program in the country.

Arne Duncan

United States Secretary of Education

”

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• NFTE is a non-profit organization whose mission is to provide entrepreneurship education programs to young people from low-income communities.

230,000 young people.

around the world.

provide entrepreneurship education programs to young people from low-income communities.

230,000 young people.

around the world.

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Get Involved: www.nfte.com

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