WHY TEACH ENTREPRENEURSHIP? - … imagination and takes students through the journey of activating...

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The Entrepreneurial Mindset as an On-Ramp to Opportunity

Kene Turner

Program Manager

NFTE LA Metro

Jenny Bradbury

VP, Programs

NFTE National

Kim Smalls

Director

NFTE LA Metro

Antonia Castro

Alumna & Fellow

NFTE LA Metro

WHY TEACH ENTREPRENEURSHIP?

In the U.S., Small Business Is BIG!

28 million small businesses account for 54% of all U.S. sales.

The number of small businesses in the U.S. has increased 49% since 1982.

Small businesses provide 55% of all jobs and 66% of net new jobs since 1970.

Since 1990, big business eliminated 4M jobs while small businesses added 8M new jobs.

Entrepreneurship Stimulates Job Growth

New research shows that the country’s rate of new

business creation plunged more than

30 PERCENT

during the economic collapse and has been slow to

recover following the “Great Recession,” resulting in

fewer new jobs.

Industry Wants Graduates with Entrepreneurial Mindset

In a 2015 Wall Street Journal survey of nearly 900

Executives:

• 92 PERCENT said soft skills are equally important

or more important than technical skills

• 89 PERCENT said they have a very hard time or

somewhat difficult time finding people with the

requisite skills.

WELCOME TO THE NEW NFTE

Our Mission

NFTE activates the

entrepreneurial mindset

and builds startup skills

in youth from under-

resourced communities

to ensure their success

and to create a more

vibrant society.

“NFTE taught me how to create

something from nothing. I learned

that I can create my own

opportunities and I can be an

innovator.”

-- Anthony Halmon

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Where We Work

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NFTE’s Entrepreneurship Pathway

In an innovation economy, there are no traditional paths to success. NFTE’s Pathway begins with igniting

the imagination and takes students through the journey of activating their entrepreneurial mindset and

creating their own businesses.

Expertise ProgramsAwareness Programs Experience ProgramsExposure Programs

World Series of

Innovation

Venture

ONLINE

ONLINE

Startup Tech: Introduction

to Entrepreneurship and

App Development

IN SCHOOL

IN SCHOOL

Exploring Careers:

Introduction to

Entrepreneurship and the

Working World

BizCamp: Business

Ideation and Crafting the

Pitch

OUT OF

SCHOOL

IN SCHOOL

Entrepreneurship 1:

Intro to

Entrepreneurship

Entrepreneurship 2:

Advanced

Entrepreneurship

Startup Summer:

Business Model

Validation and Product

Development

OUT OF

SCHOOL

IN SCHOOL

A global, online

experience where

students create business

solutions aligned with the

UN Sustainable

Development Goals

A course where students

discover their interests and

begin to develop an

entrepreneurial mindset

An award-winning course,

focused on activating the

entrepreneurial mindset as

well as creating and pitching

an original business plan

A digital experience

introducing students to

entrepreneurship

through the process of

building a virtual food

truck business

A blended tech-

entrepreneurship course

where students create an

app and corresponding

business plan

Entrepreneurship 1,

delivered as a multi-week

learning experienceEntrepreneurship 2,

delivered as a 16-week

learning experience

An advanced course that

deepens the entrepreneurial

mindset and centers

on business model validation,

product development, and

marketing

CERTIFICATION

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WHAT IS NFTE? VIDEO

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HOW WE GROW ENTREPRENEURIAL SKILLS & MINDSET

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NFTE’s Innovative Learning Model

+

Project Based Learning + Lean Startup

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Activating the Entrepreneurial Mindset

NFTE empowers youth to approach the world with an innovator’s eye and a founder’s grit,

not only during the NFTE course but for the rest of their lives.

We define the entrepreneurial mindset as eight key pillars proven to drive success.

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Weekly Learning Cycles

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Lean Startup + Project Based Learning = Biz Dev + Entrepreneurial Mindset

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SAMPLE ACTIVITY: PRODUCT INNOVATION

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Product Innovation Instructions

• Break into small groups (3-5 members). Each group will receive the same number of common household items (paper plate, paper clips, straws, etc.).

• You will have 10 minutes to collaborate and create a brand new product or service using only the materials provided.

• Once your Minimum Viable Product (i.e., prototype) is complete, your group should come up with a brief marketing campaign:o What is your product’s name and what does it do?o How is it different from other products?o What problem does it solve?o Why would anyone want to buy it?

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Product Innovation Debrief

Take a moment to reflect on the following:

• What did you think about the activity?o How would your students react?o What did you like about it as a teacher? Is there anything you didn’t

like? If so, what?

• How does this activity support the learning of entrepreneurial skills and mindset?

• How well would this activity work in your classroom?o Any Modifications?

Please be sure to record your thoughts to share with your peers and

NFTE staff!

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Product Innovation Learning Objectives

Students will:• Use entrepreneurial behaviors to

create a new innovative product.

• Learn how to create unique business ideas with limited resources.

• Develop awareness of the importance of product differentiation and marketing.

This activity also:• Introduces entrepreneurs as

people who think innovatively about new solutions.

• Demonstrates to students that innovation needn’t be stifled by limited resources.

• Helps grow students’ Entrepreneurial Mindset:o Creativity & Innovationo Opportunity Recognitiono Communication &

Collaborationo Flexibility & Adaptability

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HOW OUR PROGRAM WORKS

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Comprehensive Teaching & Learning Resources

Component Purpose Per Week Per Course

Presentation PowerPoint An overview of the lesson for the week that can be used to guide classroom instruction and activities

1 30

Lesson Plan A document focused on a key concept that guides the classroom instruction

Up to 5 110

Student Handout An online assessment or document that guides students on the lesson for the day. Provides instructions. Allows for notetaking.

Up to 4 90

Exit Ticket An online assessment or document that helps teachers check for student understanding. Complete daily and weekly basis

Up to 3 60

Weekly Performance Task A summation of the student’s learnings that advances their business plan. Results in artifacts.

1 25

Evaluation Rubric A document that supports the evaluation of weekly studentassignments.

2 50

Unit Performance Task A summation of the student’s learning that completes a section of their business plan.

N/A 6

Evaluation Rubric A document that supports the evaluation of unit studentassignments.

N/A 6

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Digital Entrepreneurship Tools & EM Lessons

Distribution Channels Builder, Burn Rate & Revenue Streams Calculators

Entrepreneurial Mindset Lessons

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Youth Entrepreneurship Challenge Series

NFTE Students Have Opportunities to Compete in a

Business Plan Competition Series

• Students prepare their business plans and pitches, with support from teachers and

volunteer business coaches.

• Classroom competitions progress to regional and national finals, with hundreds of guests

attending.

• Speakers have included famous entrepreneurs such as artists and entrepreneurs Sean

“Diddy” Combs and Troy Carter as well as co-founder of Warby Parker, Dave Gilboa.

• Judges from the business community provide students feedback and evaluation

• Student receive thousands of dollars in prizes.

Classroom Competition

Regional Competition National Competition

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Industry Advisors

Business Plan Coach Competition Judge Field Trip Host Guest Speaker

Through one-on-one and

small-group sessions, coaches

assist students with

developing their business

plan, presenting before an

audience, and preparing for

questions and evaluation from

a panel of judges.

• NFTE Entrepreneurship 1

• NFTE BizCamp

At NFTE business plan

competitions, judges ask

questions and offer students a

realistic perspective on their

business plan. During NFTE

World Series of Innovation,

judges select top

submissions.

• NFTE Entrepreneurship

• NFTE BizCamp

• NFTE Entrepreneurship

2

• NFTE Startup Summer

• NFTE World Series of

Innovation

Field trips give students

the chance to learn

about professions,

industries, and the

challenges and rewards

of the workplace. As a

field trip host, your

organization provides an

invaluable lens into real-

world career

opportunities.

Applicable to all NFTE

programs.

Business professionals

and entrepreneurs

frequently participate in

NFTE classrooms as

quest speakers,

facilitating a lesson or

presenting a topic of

their choice that

complements the

NFTE curriculum.

Applicable to all NFTE

programs.

“Witnessing my students gain confidence in themselves has been one

of the most fulfilling aspects of volunteering.”–Evan H. Eichorn

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NFTE’s Industry Partnerships

NFTE students engage with corporate partners through innovation days, coaching, business plan competitions,

and more.

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The Entrepreneurial Teacher Corps

Activating the entrepreneurial mindset of an entire generation begins with the Teacher Corps. Educators join a robust community of support, complete with professional development resources, NFTE curriculum, student performance reporting, and opportunities to learn from one another as well as from NFTE staff.

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OUR APPROACH IS WORKING

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Entrepreneurial Mindset Index (EMI)

• Developed by NFTE’s Research team in collaboration with researchers from ETS.• Comprised of Likert scale agreement items and Situational Judgment items.

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NFTE Alumni Are Career & College Ready

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NFTE Teachers Love Our Curriculum

“This is some of the best curriculum out there, and I'm not just saying that.”

“[NFTE] is a different way of teaching and it’s a more effective way of teaching.”

“[NFTE] is a different way of teaching and it’s a more

effective way of teaching.”

“This is some of the best curriculum out there, and I'm not just saying that.”

“My students aren’t coming to me to give them the

answers anymore. They’re working together and

figuring it out.”

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NFTE Is Activating Generation E

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Thank you!Learn more at nf te .com

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