Teaching Entrepreneurship

Posted by: John Tozzi on April 17, 2009

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NFTE’s top Global Entrepreneurs
Photo by Margaret Fox

The National Foundation for Teaching Entrepreneurship held its annual awards ceremony last night in New York, an event that brought together young entrepreneurs from across the country and the world, as well as educators and supporters.

NFTE is a national nonprofit that teaches entrepreneurship skills to high school and middle school students globally (currently active in 13 countries). The foundation honored 30 student entrepreneurs who presented conference-style at booths, which each had a crowd in front of them. I spotted student businesses from as far as Germany and Zimbabwe. The business ideas ranged from consumer products (T-shirts, flip flops) and services (lawn care, tutoring, video production) to social ventures like the Problem Solvers League, a mentoring program in Chicago-area schools.

But I think more important than the individual business ideas is the idea of entrepreneurship as a skill that people should learn as a matter of course. NFTE points to this speech by President Obama in which he calls for “standards and assessments that don’t simply measure whether students can fill in a bubble on a test, but whether they possess 21st century skills like problem-solving and critical thinking, entrepreneurship and creativity.”

Our hyper-connected world rewards people who think creatively and move quickly. That’s a fundamental shift from the industrial era. The people and companies that succeed will need the same skills NFTE teaches — whether they start their own businesses or work within larger organizations. Our education system, itself a legacy of the industrial era, too often fails to prepare students to experiment, develop new ideas, and work independently. Reshaping how we teach and learn to train a more entrepreneurial workforce will be important to the economy going forward.

Reader Comments

Dean

April 20, 2009 12:16 AM

Awesome.
I would point out that an entrepreneur is someone who actually has a business with sales - not just a concept. The term entrepreneur has become so wide that it is watered down. You can be an entrepreneur if you come up with a concept.

I would charge that an entrepreneur is someone who has a functioning business with revenue. Someone who is sweating payroll - otherwise it is just a concept.

JD

April 24, 2009 12:16 AM

I attended this event, and there were many students that were entrepreneurs in the definition that you use. And yes, there were sudents awarded with good concepts who at the current moment have not started their business, but are working towards it. Starting a business takes time.

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What's it like to run your own company today? Entrepreneurs face multiple hurdles new and old, from raising capital and managing employees to keeping up with technology and competing in a global marketplace. In this blog, the Small Business channel's John Tozzi and Nick Leiber discuss the news, trends, and ideas that matter to small business owners. Follow them on Twitter @newentrepreneur.

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