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Entrepreneurship in the Classroom

Entrepreneurial ideas

Allow innovative ideas to spark and grow to create an entrepreneurial culture.

Entrepreneurial ideas

How to Implement in the Classroom

Leverage available resources and make a plan that works for your individual school.

Entrepreneurial ideas

National Entrepreneurial Education Standards

Nationally accepted entrepreneurship content standards and performance indicators.

K-12, Every Student, Every Year

In this age of educational accountability through standards and assessments with only one right answer and success measured by test scores, we need to keep young minds open for alternative ways of thinking, allow innovative ideas to spark and grow, to create an entrepreneurial culture that will grow great people and great communities. We need to grow our communities from the inside out. We need entrepreneurship education for every student, every year. The answer is to establish an entrepreneurial culture in every school and every community.

Entrepreneurial ideas

Entrepreneurial ideas

How to Implement

There is no step-by-step process, no list of easy-to-follow guidelines. Each faculty should examine their own knowledge, interests and available resources and make a plan that works for that individual school. There is no one-size-fits-all solution. Creative faculties can start with the Every Student concept and work it out in their own way. However, there are two approaches a school can use to examine the Every Student concept. It can be accomplished through internal efforts or external assistance. In many cases, a combination of the two may be the best way to go. Let’s look at each approach.

National Standards

During the past decade there has been a movement to develop local and national education standards. Many education associations have taken leadership in identifying the content of a given discipline so that students will have the opportunity to participate in a common set of curriculum objectives. This was emphasized in order to ensure that all schools provided a comprehensive course of study. Further it enabled students to move to different schools and find the same curriculum expectations.



entrepreneur

Based on the Random House Dictionary, © Random House, Inc. 2017.

By 36, Gilkes says, he would like to have children, with his first entrepreneurial success behind him.

Greer is a young, entrepreneurial, poker-loving Texan who ended up in Silicon Valley.

This decline in entrepreneurial activity marks a historic turnaround.

“Our country was built on the entrepreneurial spirit,” the petition reads.

He later became active in entrepreneurial companies, starting TV stations in the Baltic states and investing in start-ups.

entrepreneurial churn at a large newspaper keeps institutions fresher and individual talents nimbler.

Some land went to entrepreneurial cloth manufacturers, who converted the buildings for the manufacture of cloth.

entrepreneurial master-builders subcontracted work to craftsmen and took a large profit or a large loss and debt.

Answer: By providing them with the conditions to work and exercise their entrepreneurial skills.

The match of the entrepreneurial individual with the potential of the technology base is key.

entrepreneur

© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins

Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

entrepreneur

1828, “manager or promoter of a theatrical production,” reborrowing of French entrepreneur “one who undertakes or manages,” agent noun from Old French entreprendre “undertake” (see enterprise). The word first crossed the Channel late 15c. but did not stay. Meaning “business manager” is from 1852. Related: Entrepreneurship .

One who starts a business or other venture that promises economic gain but that also entails risks.

Copyright © 2005 by Houghton Mifflin Company.

Published by Houghton Mifflin Company. All rights reserved.

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    15 Entrepreneurial Key Success Factors To Skyrocket Your Business

    Entrepreneurial ideas

    What are the key success factors that make an entrepreneur to become a successful entrepreneur? I will share one list of the most important entrepreneurial key success factors.

    This is a subject of research and analysis of many professionals and institutions. It is very possible that we cannot expect to have a person with all characteristics that will make him successful entrepreneur. But, the combination of the most important factors can help you to build and manage a successful business.

    If you want 87 tips and recommendation to become an entrepreneur, you can find them in the post title as how to become an entrepreneur.

    The entrepreneurial key success factors, or characteristics of successful entrepreneur that will be presented here are based on my research before several years in which I have included more than hundred entrepreneurs.

    Now, let s continue with the main subject of this post.

    15 Entrepreneurial Key Success Factors

    The most critical and most important key success factors that can make an entrepreneur to become a successful entrepreneur are:

    1. Willingness to take an action. This is the first and most important factor for would be and current entrepreneurs. All other entrepreneurial key success factors, are not important if you are person who afraid to take a real action. Actions are something that can lead you to the success. Without actions, you can t expect to become a successful business owner. Sorry, it is a true fact!
    2. Entrepreneurial knowledge. Entrepreneurs are persons who must have superior knowledge about specific business issues for business that they have started. Your knowledge will increase your business potential energy and in large part will contribute to the success of your company.
    3. Entrepreneurial creativity. You must be a creative person if you want to be enough unique and with the power of continuous improvement in your business. The creativity will increase your business potential energy that will bring many possibilities for your company.
    4. Entrepreneurial skills. Each entrepreneur and each business will need different entrepreneurial skills that in some cases can be crucial for the success of their businesses. If you have knowledge, but you don t have skills that can be covered only through implementation of what you have learned, you can t expect that you are close to the success. As you can see, you will have skills if you take action, implementing what you have learned.
    5. Entrepreneurial intelligence. You must be intelligent to manage all possible situations and solve the hardest problems that will be the most consistent thing in your business life. Your intelligence will additionally bring uniqueness to your company because it is something that can t be copied from others.
    6. Patience. You must be patient and ready to continue even you lose the first battle. It is important because the war is still not finished. This is only the beginning of your journey as an entrepreneur. You need to understand that your entrepreneurial journey isn t an easy journey form A to B.
    7. Persistence. Persistence is simply a refusal to give up for something, or ability to keep your actions against your personal feelings that you re not ready for these actions. Feelings and motivation didn t produce results. Тhe action is something that will produce the results you want to achieve. So, remove your feelings that pulled you back, and with the whole power continue on your journey.
    8. Ability for teamwork. Nobody can achieve anything alone so, this is also true for you as an entrepreneur. You he are not a superman . As an entrepreneur, you must be a team player for your own and your business success.
    9. Risk taking, but calculated risk. This is truly one of the most important questions: Are entrepreneurs taking enough risk? Yes, each business startup is at some level risky. However, more important is how a successful entrepreneur takes a risk? The word calculated risk is the most appropriate word for this characteristic. You need to use risk management principles if you want to succeed.
    10. Having a self-confidence. Self-confidence is a really important and key success factor for entrepreneurs. I think that nobody will become an entrepreneur if he doesn t have self-confidence in himself, especially related to start and manage his own business.
    11. Having enough experience. Sometimes experience is in a category not so required as a factor, but it is something that will increase your business potential energy. As an entrepreneur, you must employ all present and previous experience you have in the business that you are building.
    12. Great talent. Talent is something inborn in an entrepreneur. But, sometimes talent is something that can be easily replaced with knowledge and skills.
    13. Honesty. Honesty is important in every case. But sometimes honesty, being real, can be the biggest enemy of an entrepreneur in some complex conditions.
    14. Connections. More connection means more possibilities for building a successful business.
    15. Luck. Luck is a psychological factor. Some people can say that they aren t lucky persons. And indeed there are some lucky people who just accidentally found the right place at the right time with the right idea. However, it is a small percentage and cannot be included as a serious factor for success.

    The key success factors on this list are sorted according to their importance to your success as an entrepreneur. So, the most important key success factor here is your ability to take action.

    Why Taking Action as One of the Key Success Factors is the Most Important Factor?

    First, all key success factors mentioned here without a willingness or ability to take an action are some kind of potential for you. Yes, you have knowledge or skill, but if you don t implement them in your daily work, they are only potential for you.

    Actually, we talk about your business potential energy stored inside you. This energy can and should be converted into business kinetic energy. The business kinetic energy is something which will perform the job. Something that will bring results to your company. More about business potential energy you can find in the following articles:

    • What is business potential energy?
    • The concept of business potential energy?
    • 10 basic business elements with business potential energy
    • Entrepreneurial skills – source for business potential energy

    All key success factors are important, but none of these factors will make you to become a really successful entrepreneur if you don t take appropriate action. For example, the knowledge and creativity can t help you to become a successful entrepreneur if you don t take the first step to start your business.

    I know many people who have the knowledge and creativity, are skillful and intelligent, and persistent and patient But these persons are not entrepreneurs, they are working for some other company or public services. They re not entrepreneurs not because they have a lack of knowledge or they are not intelligent. They re not entrepreneurs not because they don t possess other characteristics of the success. They aren t entrepreneurs because they don t take the first step, action to become an entrepreneur.

    Therefore, in this hierarchical structure of entrepreneurial key success factors as the first characteristic or as the foundation for the success I put the ability to take action.

    What Would be the Profile of a Successful Entrepreneur?

    A profile of an entrepreneur superman would be:

    A person who is ready to take action, build on a personal knowledge and creativity while combining the skills and intelligence. Additionally, these persons are patient and persistent persons, they have the ability to work in teams, take risks, but not any type of risk. They have self-confidence and experience, while they are honest persons, sometimes lucky, and they have great connections that can help them in doing business better.

    Anyway, all entrepreneurial key success factors or characteristics are important. They will increase your business potential energy, and thus the overall business potential energy.



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    #business ideas for kids

    #

    Business Ideas for Kids: Sparking Your Child s Entrepreneurial Spirit

    Business games for kids: The fun way to spark your child s entrepreneurial spirit.

    Sparking your child s entrepreneurial spirit is for pushy moms and dads, right? Let s face it, thinking up good business ideas for kids is tough, not to mention boring. Who wants their 7 year-old dressing like Warren Buffet, worrying where his/her next big idea is coming from? Not me that s for sure, the thing is

    Understanding how business works early will set your child up for a lifetime of success.

    Don t worry. I m not suggesting you take all the fun out of your kid s childhood by pushing graphs and spreadsheets under their noses. Instead, you should explore smart ways of introducing your child to the world of business creation.

    It s all about channeling your child s playful and creative nature in a way that teaches them some key business basics. And the clever thing is, for the most part they ll barely notice they have started learning.

    The most obvious way to get started is by introducing simple business games

    Useful business games for kids

    There is an endless array of games for kids which can introduce them to ideas of spending, saving, investing and money making. Online video games, board games, and role-playing games are among them. Here are some of the best

    Online video games: There a wide variety of business simulation games which your kids can play online for free. Learn4Good has compiled a list filled with kids business ideas which is well worth a look. It includes games such as Restaurant Empire, Code Monkey Tycoon and Shop Empire.

    It s worth trying them first to see if they re suitable for your child as each one varies in difficulty and complexity. Alternatively, there are many paid-for business simulation titles available across different platforms.

    Entrepreneurial board games: If you feel your child already spends enough time at the computer, then check out board games such as StartUp and The Allowance Game .

    StartUp puts the player in the role of entrepreneur. The goal is for the player to make their fictional business a success – before their opponents do.

    Alternatively, The Allowance Game teaches kids about the value of money management and work. It s a fun way for them to learn about earning, spending and saving.

    Real world role-play: For me this is the most fun and effective option. Instead of relying on existing games, create your own which introduces the idea of how to start a business for kids. You can either devise a game involving pretend money or perhaps you can link pocket money to your child s entrepreneurial endeavours.

    For example, when you re cooking dinner, your child could play the host or waiter. They set-up the table, help prep any food and let the guests (the rest of your family) know how long dinner will be and whether they would like any refreshments while they wait.

    Real-life business ideas for kids and teens

    They ve played the games, but can they succeed in the real world? There are many small business ideas for kids which are well worth considering. Of course, they can also develop their own unique concepts.

    For inspiration, take a look at 14 fun business ideas for kids from The Penny Hoarder website. It features some of the stereotypical child businesses such as car washer, garage stand seller, and babysitter. But it also includes advice on potential online businesses a child might start.

    However, there is one thing I think you should do. Help your child plan. A business plan for kids should be a simple document which details how the business will work in practical terms.

    • The business idea – what it is and how it will fulfill a target market s need or desire
    • The equipment you need – and how much it will cost
    • How your business idea will make profit
    • How you will attract buyers – will it require marketing?

    You can also take advantage of the FREE printed book that Kids love that teaches them about entrepreneurship in bite size nuggets (The Toren Brothers published this book), here at Kidpreneurs.org

    The philosophy behind the Kidpreneurs book is simple. The future of our children begins with us! Most people say, “It’s never too late.” The Torens say, “It’s never too early.” The benefits for an early introduction to the basic principles and infinite rewards of entrepreneurship are massive. The Torens have managed to break down otherwise difficult concepts in to fun to read bites that any bright minded child can easily enjoy.

    By getting them thinking the idea through, they will develop the concept of how marketing works. The product must be something that people want. And you must be able to reach that market. So, how do you do it? It s an essential question that all business professional must answer throughout their careers.

    And on this subject, you ve just given your kid a head start. By the time they go to college they should be adept at starting their own side business. That’s right, no flipping burgers or waiting tables for your budding business mogul.

    A final thought to leave you with If your child is blurting out a stream of seemingly absurd business ideas, don t be too quick to dismiss them.

    I mean, whoever thought the concept of Doggles would take off?!



    #entrepreneurial ideas

    #

    Prioritize This: 3 Entrepreneurial Strategies for Increased Revenue

    If we are talking business, it all pans down to revenues. Be it a tested firm or something like a startup; entrepreneurial moves aren’t easy to make, provided the resources are limited and competition is fierce.

    Firstly we need to shift our focus to valueless assets, transforming them into powerful ammunitions.

    Once the resourceful attributions are made, shifting onto experience will be immensely helpful.

    Most firms fail to comply with the rule of patience as earning profits at the first attempt is actually close to impossible.

    That said, experience does play an important role, adding those extra pounds to our entrepreneurial punches.

    For a business to succeed, associates need to strike a perfect balance between customers and employees. Failure to do so might just have catastrophic outcomes.

    To be precise it all starts with a “will” and concludes in “willingness”. However, we still have to address these three areas in order to drive in traction and revenues:

    Avoid Overindulgence

    Before even starting off with the firm, associates need to identify the core market. It often gets difficult to target the exact chunk of audience, more so due to the unapologetic competition.

    Admittedly, it all comes down to intellect and innovation, provided the entire market is selling the same thing. As a tip, we always need to concentrate on our specialty even while expanding the business. There will always be that one thing which will help define our expertise, may it be the service or object that was sold in the first place.

    That one thing has to be transformed into the best possible option for the customer rather than bombarding them with several good ones. Google does the same as even after indulging into every other vicinity, it still prioritizes mapping schemes, email techniques and browsing essentials.

    Google has mastered these and excels at providing the concerned services. It is still advisable to look for different options but improving the core service will surely yield satisfying results, at least in the long run.

    Availability

    Owners who aren’t available to the customers often falter while travelling that extra mile. Suppose we as founders have a definite idea about the service or product. The customers might have a different viewpoint and it’s imperative to know and include the same. We must develop a habit of listening to the audience as it will then help create something with a humongous earning potential.

    Plan toward a “Customer Service Team,” comprising of intelligent yet emotional individuals. Subject matter and product experts are usually desired. This way we can easily fix the weaker areas by tracking into the redundancies. This offers data-centric insights allowing easy yet effective interpretations.

    For example, a firm that helps people issue identification proofs in coalition with government must comprehend the user will with immediate effect. This would lead to added traffic and better opportunities even for the prospective customers. Creating a blog with substantial information or offering ID related solutions are some of the customer-centric strategies that need to be adopted.

    Instilling these will help identify the drop offs and other aspects of business evolution. In a nutshell, we all should listen to our customers as the insights might be path-breaking and help improve the existing set of services.

    Pivoting on Demand

    We all have ideas lingering inside our heads when it comes to business. But the best option is to be flexible and pivot as per customer requirements. For a business to succeed, we must gather customer feedback and valuable insights leading to the product roadmap.

    Every project has an internal team awaiting a green signal from the founders. The product might be a hit with the team but might again resonate with the wide customer base. If that is the case, take the possible hints and pivot accordingly. Ideas do come in plenty but the best option would be to discuss and make the best ones work.

    The excitement for something specific is evident but for a business to succeed, customer satisfaction is always at the forefront.

    In simple terms, we must look to unify the product, tying the same around the core value.

    These are some of the ideas that need to be looked at before planning the desired infrastructure. Many readers will look to make quick money or establish a startup but these three norms expose the unattended areas of entrepreneurship.

    Out here we look to inculcate customer-centric relationships. based on their preferences, ideas and requirements.

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    Richard Smith is a budding entrepreneur and an experienced marketing professional with a decade long expertise in social media marketing, business technology and workforce management. Richard is well-versed with myriad web analytics and his posts on the deep-seated concepts of online marketing have been very popular with established businesses. In his leisure, Richard prefers indulging into technological excavates that can assist and automate most of his basic chores.

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