The Huffington Post recently wrote an article from the perspective of what parents should pay a babysitter. This article caused NFIB’s Young Entrepreneur Foundation to think that perhaps young entrepreneurs need to think about what to charge their customers for services too.
Check out the different decisions these four high school business owners had to make after high school, and what they’ve learned from those business decisions. These are four great real world examples of what young entrepreneurs face each day.
Teaching entrepreneurship isn’t on the forefront of most educators’ minds. But it should be! What makes a successful entrepreneur? The same things that make a responsible adult—financial literacy, communication skills, hard work, creativity, organization and so much more. So let’s teach our young people the importance of entrepreneurial life skills!
The National Federation of Independent Business Young Entrepreneur Foundation (YEF) awarded budding business owner, Shea Gouldd, its highest honor, naming her the 2013 Young Entrepreneur of the Year. As the winner of YEF’s top prize, Ms. Gouldd, who resides in Boynton Beach, Fla., will receive a $10,000 educational scholarship. Ms. Gouldd was selected from an impressive group of finalists from around the country, each of whom received a $5,000 scholarship as recognition of their business endeavors.
NFIB’s Young Entrepreneur Foundation has created educational curriculum specifically to be used outside the classroom, in the educational setting of a small business environment. Teaching entrepreneurship can be difficult, but more importantly, it’s essential to the success of our young people….Let’s take a look at one unique way to encourage entrepreneurship education, by incorporating the Take Our Daughters and Sons to Work program.
Throughout February, we hear the word “passion” all over the place. Passion can certainly be related to hearts and candy and flowers. But passion influences entrepreneurs beyond February 14th. Passion is a key element to success as a young entrepreneur.
“Ideally, since 80 percent of your life is spent working, you should start your business around something that is a passion of yours. If you’re into kite-surfing and you want to become an entrepreneur, do it with kite-surfing. Look, if you can indulge in your passion, life will be far more interesting than if you’re just working. You’ll work harder at it, and you’ll know more about it.”
Entrepreneurship as a Path to Success
Introducing the idea of entrepreneurship puts young people on a path to success.
Entrepreneurship education prepares youth to be responsible, enterprising individuals who become entrepreneurial thinkers by immersing them in real life learning experiences where they:
can take risks,
manage the results, and
learn from the outcomes.