WELCOME!

#1

WELCOME!

Accelerating

Entrepreneurship

Everywhere

Presented by Diane Sabato

#2

What is an Entrepreneur?

The term entrepreneur refers to an individual engaged in the process of starting and growing one’s own business or idea, with the focus on growth and innovation.

#3

Entrepreneurship Education is Important -

Economic•Majority of new jobs are created by entrepreneurs and small businesses

•Small high growth companies account for 70% of economic growth over last decade

•Entrepreneurship drives economic competitiveness at the local – state – and global levels

•Over 1/3 of difference in national economic growth may be due to entrepreneurial activity

•Entrepreneurship has a unique position in the “New Economy”

•Entrepreneurship accounts for at least 2/3 of all technological innovation

why?

#4

Entrepreneurship Education is Important –

Local Impact

• There are 22,000 businesses in Western Massachusetts.

• 95% are small businesses.

• 80% of small businesses employ 10 or fewer people. *

Conclusion: If you’re not an entrepreneur, chances are good that you’ll work for an entrepreneur.

*Pioneer Valley Planning Commission 2004

#5

Entrepreneurship Education is Important -

Personal

•7 of 10 high school students want to start their own business – Gallup Polls

•More opportunity to exercise creative freedoms

•Higher self-esteem

•Greater sense of control over your life and future.

why?

#6

Entrepreneurship Education is Important –

Global

Many experienced business people, political leaders, economists, and educators believe that fostering a robust entrepreneurial culture will maximize individual and collective economic and social success on a local, national, and global scale.

why?

#7

Entrepreneurship Education

•Objective is to become entrepreneurially minded with the potential to act on this by discovering or creating business opportunities.

•Lifelong learning process from elementary to adult

what?

#8

Entrepreneurship Education

•Entrepreneurs are not “born”…they “become” through the experiences of their lives

•Entrepreneurs have a great diversity of personal characteristics, the common one: being willing to take a risk in return for a profit

•Anyone can be an entrepreneur at any time of one’s life

•Entrepreneurship is NOT learned by reading a textbook and then taking a test to prove you are one.

•Entrepreneurship education activities are a real-life vehicle for developing academic skills

•Entrepreneurs are found in every occupation and career

•Entrepreneurship education opportunities are important at all levels of education

what?

#9

Lifelong Learning Model

#10

National Content Standards for

Entrepreneurship Education

Bring the power of entrepreneurship education to your curriculum:

•Content for developing future entrepreneurs

•Context for building and applying academic skills

•Career Opportunities for students

•Economic Development for communities, states, and our nation

why?

#11

National Content Standards for

Entrepreneurship Education

The Standards:

•Are a FRAMEWORK for many levels of curriculum development

•Lead to developing KNOWLEDGE AND SKILLS for entrepreneurial activities

•Provide for acquisition and application of CORE ACADEMIC SKILLS

•Are both a CONTEXT FOR LEARNING and SUBJECT MATTER for CURRICULUM

what?

#12

National Content Standards for

Entrepreneurship Education

Developed through:

•Extensive literature review

•Focus group of entrepreneurs

•National Entrepreneur Advisory Council

•Input from those concerned with entrepreneurship education

•Expertise of Marketing Education Resource Center (MarkED)

how?

#13

National Content Standards for

Entrepreneurship Education

Organized in three sections:

•Entrepreneurial Skills

•Ready Skills

•Business Functions

#14

Focus on READY SKILLS

The basic business knowledge and skills that are prerequisites or co-requisites for becoming a successful entrepreneur. Provide the developmental curriculum opportunities that enable individuals to operate in competition with the world and a context for experiences related to becoming an entrepreneur.

(C) Business Foundations (D) Communications and Interpersonal Skills (E) Digital Skills (F) Economics (G) Financial Literacy (H) Professional Development

#15

Activities/Lessons

(C) Business Foundationsunderstanding business as a smart consumer

(D) Communications and Interpersonal Skillsnetworking, written and oral communication

(E) Digital Skillsusing today’s digital tools

(F) Economicscurrent affairs

(G) Financial Literacypersonal financial literacy

(H) Professional Developmentcontinuing education and skill training

#16

Contact Information

Diane Sabato

Assistant Professor, Business Administration

Springfield Technical Community College

One Armory Square, Ste. 1

P.O. Box 9000

Springfield, MA 01102-9000

(413)755-4836

[email protected]

#17

Consortium for Entrepreneurship

Education

www.entre-ed.org

Accelerating Entrepreneurship

Everywhere!

THANK YOU!!