Posts filed under ‘Business exercises’

Are Entrepreneurs Born or Made: A Collection of Top Research

Ever thought about starting your own business but wondered if you have what it takes? Today we’ll review the top thinking in “Are Entrepreneurs Born or Made.”

First…what YOU think?

Are you passionate about an area? Do you want to start your own business some day? Are you willing to work hard?

These are key questions to consider as you review the below viewpoints on “Are Entrepreneurs Born or Made.”

Continue Reading January 30, 2014 at 11:32 am Leave a comment

Cell Phones and Technology: Do we Love it or Hate it? The Role for Entrepreneurs of All Ages

Can you be without your phone for a 24 hour period?

Researcher Sergey Golitsynskiy looked into this exact topic in a study of student cell phone users around the world. The results were surprising.

“It ended up being the most horrible experience many of them had ever in their life…

Continue Reading July 30, 2013 at 4:01 pm Leave a comment

Top Recruiting Tips: “Top Grading” Summary for Entrepreneurs, Educators, and Recruits

Now is final call for recruiting time: For internships, jobs, and maybe you want to start your own business. “Top Grading” has proven – over time in elite entrepreneur circles – to be a standard reference for recruiting because of its focus on how to recruit A Players….”Top Grade first–once you do this, your organization can do anything.”

Continue Reading May 14, 2013 at 12:30 pm 3 comments

Passion: A Valentine’s Day Wish or an Entrepreneurial Necessity?

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.”

Continue Reading February 12, 2013 at 3:22 pm Leave a comment

Introducing Entrepreneurship to Young People through Activities and Discussion

Entrepreneurship as a Path to Success

Introducing the idea of entrepreneurship puts young people on a path to success.

Why?

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.

Continue Reading December 20, 2012 at 7:45 pm 1 comment

Teaching Entrepreneurship in 30 Minutes or Less Part 2: (Free Award Winning Syllabus and Lesson Plan)

As mentioned in the last post in this series, we’ve recently updated this entrepreneurship curriculum, and here’s a post to give you a quick 30 minute exercise in each module that is one of my personal favorites as an intro. I am the curriculum author, Kathy Korman Frey, and teach a nationally award-winning entrepreneurship course at the George Washington University School of Business. So scroll down, dig in, and have fun.

Continue Reading September 30, 2012 at 11:18 pm 2 comments

How Small Businesses Can Protect Ideas: Trademarks, Servicemarks, Patents, and Copyrights

101 of patent, trademark, servicemark, and copyright for small business and entrepreneurs. A discussion of patent “bullying” and protecting your patent, protection your reputation, and does social media change the landscape for patents, copyrights, and trademarks?

Continue Reading March 30, 2012 at 4:51 pm 3 comments

Top 5 Resources for Young Social Entrepreneurs

The buzz of social entrepreneurship is on. It inhabits dormitory halls and high schoolers’ texts. It’s well beyond a trend. Social entrepreneurship is a movement.

Well-known leader of the pack Ashoka has the following thought-provoking statement on its website:

Over the past two decades, the citizen sector has discovered what the business sector learned long ago: There is nothing as powerful as a new idea in the hands of a first-class entrepreneur.

Here are some go-to places, in key must-know categories, to keep yourself apprised of developments in the social entrepreneurship field. Will you found the next Tom’s Shoes?
1. Money.  Looking for money for a social venture? You can raise money just as you would for a regular business. Beyond the traditional methods of raising money (self, friends, banks, investors), try the following clearinghouses for additional capital:

See discussion questions at the bottom for additional Entrepreneur in the Classroom resources.

2. Information:  #socent on Twitter will take you to the latest  social entreprenership Twitter stream. You may have to comb through it to see what’s what, but you’ll definitely see what’s new.
3. People. Tracking down and studying the the top social entrepreneurs provides access to instant mentors. Below are dozens of successful social entrepreneurs from which we can all take notes.
  • In 2010 TedxYSE was held by Youth Venture and the Staples Foundation to give the world’s most inspiring young changemakers a platform to share their powerful stories. See their videos here.
  • Future 100 – The Future 100 Awards recognize the success of UK-based young entrepreneurs aged 18-35 who demonstrate entrepreneurial flair and innovation in progressing a responsible business venture.
  • Four Young Social Good Entrepreneurs to Watch (Mashable)
4. Competitions. Competitions are a great way to cement your idea, meet key players, and seal deals.
5. Legal. You know it’s real when legal and policy regulations start changing to meet the social entrepreneurship world.
  • Here is an article on changes in forms of legal incorporation to accomodate social ventures. Are you going to be one of the innovators ahead of the pack ? Be sure to get a great lawyer who is familiar with the forms. There are additional filing requirements, so get smart. With innovation, often come additional responsibilities.
  • Related to “money” – above – crowdfunding at certain levels in the US  is a violation of the Securities Act of 1933. For instance, if you are profitable, or try to give people a share of that profit, it puts you in the same league as a publicly-traded company that sells securities. Follow #crowdfunding on Twitter and keep up with the experts, like Woodie Neiss.

Discussion Questions

1. Developing the social venture idea. In Module 2 of the Entrepreneur in the Classroom free curriculum there is a Mind Mapping exercise in which the student takes and area of interest and develops it into a business idea through brainstorming.  Use the Mind Mapping exercise for a social venture that has “double M” (mission and money).

2. Characteristics of the social entrepreneur. Allow the students to review the entrepreneurial profiles discussed in #3, above, and pick a favorite.  Does the social entrepreneur resemble the traits they would expect of a typical small business person described in Module 1 of the Entrepreneur in the Classroom free curriculum? Yes, no, maybe? Discuss.

3. Watch and discuss the below video on Tom’s Shoes:

More information

Know a Young Entrepreneur? Nominate them here.

The NFIB Young Entrepreneur Foundation is a 501(c)(3) organization promoting the importance of small business and free enterprise to the nation’s youth. More information is available at www.NFIB.com/YEF.  The Foundation is associated with the National Federation of Independent Business; NFIB is the nation’s leading small business association, with offices in Washington, D.C. and all 50 state capitals.

Entrepreneur In The Classroom. The NFIB Young Entrepreneur Foundation Entrepreneur-in-the-Classroom (EITC) supplemental curriculum exposes students to entrepreneurship and the necessary steps to take an idea and turn it into a business. The free curriculum can be integrated into classes teaching a variety of subjects including music, art, fashion, business and many more. You must be registered to view the full Entrepreneur-in-the-Classroom curriculum.

Related links:

Follow NFIB Young Entrepreneur Foundation on Twitter

Follow NFIB on Twitter

Follow blog author Kathy Korman Frey on Twitter

December 22, 2011 at 5:29 pm 17 comments

Coleton Lunt: Artist, Hiking Guide, Showcases Diversity of Entrepreneurship

It’s important to recognize that that entrepreneurship is not limited to “typical business.” Be sure to ask for the Alternative Exercises of this free, Powerpoint entrepreneurship curriculum (registration required). It showcases thediversity of entrepreneurship, as does our entrepreneur profile of today: hiking guide and artist Coleton Lunt.

Continue Reading June 16, 2011 at 6:23 pm Leave a comment

College Entrepreneur Jane Fensterstock, Urban Fashionista and Designer, Takes on Powerful Niche Market With 2CommaKid

Is college entrepreneur Jane Fensterstock the next Kimora Lee Simmons? At age 19 she’s already a designer, targeting a powerful niche with hip designs. To learn more about tricks of the trade from this young entrepreneur, read the below Q & A.

Continue Reading November 12, 2010 at 6:30 pm Leave a comment

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