Introducing Entrepreneurship to Young People through Activities and Discussion
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.
But to engage in entrepreneurship successfully, we must have not only ideas…but skills. From problem-solving, to communication, to managing finances, entrepreneurship teaches young people not only career, but also life skills they need to succeed in the adult world.
But do the young people in our lives have an interest in acquiring these skills and abilities? The biggest factor driving individuals to a career of entrepreneurship is – you guessed it – ability. Today’s post will help make sure the youth in your life start early acquiring skills and abilities to match their interests, ideas, and active imaginations.
Not sure where to start?
Many adults don’t know how to begin talking about entrepreneurship to young people. This can be for a number of reasons. Some may not feel confident about their own entrepreneurial skills at times. The exercises below rev up the imagination, and then follow up with the matching of practical skills needed to problem-solve.
Let’s keep reading..
Take a look at a few ideas that enable adults – from trained educators to parents or grandparents – to introduce the idea of entrepreneurship to the young people in your life.
During school breaks, on weekends, or even in the classroom, here are some simple activities that will encourage young people to be business minded. How? By using every day scenarios.
Problem Solving: Ask your kids to think of a problem that they and/or their friends experience on a regular basis. Brainstorm ideas around solving the problem through a product or service.
- Advanced: Once they have the problem solved, help create a business plan and inspire their can-do attitude.
Persuasion through marketing: While watching television, talk to your kids about the commercials they see—would they buy the product/service? Why or why not? Begin a conversation about marketing and brainstorm ways in which the commercials could have been more persuasive.
- Advanced: Encourage them and their friends to create a commercial or an advertisement for a product or service and talk them through things they should remember about marketing.
Innovation: Take your child to work one day and have them help with your everyday responsibilities. Ask them how they think one of your tasks should be done, or how they might do something differently then you normally do.
- Takeaway: This encourages them to think outside the box and be creative in how to get things done.)
Finance and Budgeting: Use the idea of an allowance as a tool for teaching entrepreneurship. Figure out a payment plan to which you and your kids agree based on the chores they accomplish each week. Discuss how they will use their money once they receive it—will they save for something big? Will they give any of it to charity? Will they use a little at a time for candy or small toys?
- In the classroom! Teachers can use this same idea in the classroom by providing students with fake money for doing specific tasks. At the end of each month, students could use this money to buy stickers, pens, or any other fun, small prizes that you can provide.
We’ve all been stuck in traffic or had to wait in line at the grocery store with a young person right there with us. Why not use this time to engage in a conversation about entrepreneurship? Here are a few sample questions you can use to begin the discussion:
- Passion and Innovation: What kind of business would you like to start if you could?
- Management: If you were the boss of a company, how would you treat your employees? How would you reward them? How would you address problems with them?
- Leadership and Personal Relationships: What kind of person would you hire if you were in charge of hiring employees to work in your business?
- Analyzing Risk and Reward: What do you think would be the best part of owning your own business? The scariest?
- Planning for Success and Failure: What do you think makes a successful business? What might cause a business to fail?
Continue to be aware of ways to use every day scenarios and circumstances to teach the youth in your life about entrepreneurship. By helping young people think like entrepreneurs, you open doors to making them successful adults, who are productive and engaged in positively contributing to their community.
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.
Follow EITC curriculum author Kathy Korman Frey on Twitter
Entry filed under: Business exercises, Curriculum, Teaching tools, Young Entrepreneur. Tags: analyzing risk, education, entrepreneurship, experiential education, failure, family, finance and budgeting, innovation, life skills, marketing, passion, persuasion, Problem Solving, reward, Small Business, Success.