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Entrepreneur Education

Entrepreneur Education. Dr. Karen Drage Associate Professor Eastern Illinois University Charleston, IL ksdrage@eiu.edu. Experience . Entrepreneur Minor Committee at Eastern Illinois University National Business Education Association Entrepreneur Standards Taskforce

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Entrepreneur Education

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  1. Entrepreneur Education Dr. Karen Drage Associate Professor Eastern Illinois University Charleston, IL ksdrage@eiu.edu

  2. Experience • Entrepreneur Minor Committee at Eastern Illinois University • National Business Education Association Entrepreneur Standards Taskforce • Courses on methodology for teaching entrepreneurship • Presentations on the methodology of teaching entrepreneurship

  3. Sources from Presentation • Preparing the Next Generation of Entrepreneurs: Teaching Resources to Promote Transition from the Classroom to the Conference Room • Business Education Forum • February 2011 • Linked In To Learning CD • NCBEA • http://ncbea.com/pubs.html

  4. Need for Entrepreneur Education • Economy • Fundamental component of economic growth • Small business entrepreneurial ventures represent 99.7% of all employers and 97% of all U.S. exporters (sba, 2006).

  5. Is There An Interest in Youth Entrepreneurship? • Youth interested in starting own business • Tweens (8- to12-years old)=39% • Teens (13- to 17-years old)=39% • Young adults (18- to 24-years old)=41%

  6. Interest Continued • Personally know an entrepreneur have strongest interest • 46% compared to 31% • Youth that know an entrepreneur • Tweens (8- to12-years old)=58% • Teens (13- to 17-years old)=59% • Young adults (18-to 24-years old)=66% • http://www.kauffman.org/entrepreneurship/youth-entrepreneurship-survey-2010.aspx

  7. Motivation • Reasons for wanting to be an entrepreneur • Use skills and abilities =92% • Build something for future=89% • Be own boss=87% • Earn lots of money=85% • See ideas realized=81%

  8. Role of Education Pique interest in entrepreneurship Prepare them to run their own business

  9. Study Findings Most youth believe: • If they work hard • They can successfully start their own business.

  10. American Education System • Preparing the Next Generation • Various levels • Elementary level • Create awareness • Middle- and high-school level • Develop business start-up skills • School-based Enterprises • Post Secondary • Start their own business

  11. Natural Abilities • Entrepreneurship is a mindset • American education fails to develop natural impulses • Creativity and Innovation • Think Outside the Box

  12. Methodology • Problem-, Project-, and Challenge-Based Learning Defined • Problem-based learning components • Open-ended problems • Collaborative group • Facilitator • Case studies most popular • Entrepreneurs in Action http://sitemason.vanderbilt.edu/site/ivnFTO/new_page_builder_5

  13. Methodology • Project-based Learning • Extended student directed inquiry process • Structured around complex, authentic questions, and tasks • Junk Box Wars Activity Library • http://school.discoveryeducation.com/networks/junkyardwars/

  14. Methodology • Challenged-based learning • Students work with peers, teachers, and experts • Ask good questions • Develop deep subject-matter knowledge • Accept and solve problems • Take actions • Share experiences • http://ali.apple.com/cbl/

  15. Locating Experts • Entrepreneur Education Experts • Community • Chamber of Commerce • SBA.gov • Banks

  16. Share Experiences • Technology • Facebook • Blogs • Edublogs • http://edublogs.org/ • Wiki • Wikispaces • http://www.wikispaces.com/content/for/teachers • School Web sites • iMovies on YouTube

  17. Other Methods • Experiential Learning • Simulations • Games

  18. Experiential Learning • See, Touch, Experience Entrepreneurship • Student operated businesses • DECA’s School-Based Enterprises • http://www.schoolbasedenterprises.org/guide.htm • Internships/Work-based Learning

  19. Experiential Learning • Examples in the News • Elementary & Middle School • http://verona.patch.com/articles/student-run-businesses-thrive-at-trep-marketplace • High School & Post Secondary • http://www.butternut.k12.wi.us/student%20run%20enterprises/sreclasses.html • http://waylandstudentpress.com/2011/03/04/ebm-students-run-businesses-profits-go-to-charity/

  20. Simulations • Highly visual and interactive environments • Go venture • http://www.goventure.net/ • Lemonade Stand • http://www.lemonadestandgame.com/ • Lavamind • http://www.lavamind.com/edu.html

  21. Linked In To Learning • http://www.entre-ed.org/_teach/activits.htm • http://www.virtualteamchallenge.com/overview.php • http://www.bizkids.com/show.aspx • http://www.skylark.net/ae/SeasonOne/index.html

  22. EIU’s Projects • After School Programs • Previous Project (elementary level) • http://www.allterrainbrain.org/ • Current Project (tweens) • Plan and Deliver Program for At Risk Youths • Partner Business Solution Center at EIU • Teen Reach Center • Facebook page • http://www.lemonadeday.org/home

  23. Summary • Entrepreneurship is a fundamental component of economic growth. • Entrepreneur education requires a non-traditional approach. • Entrepreneurship is not for everyone, but the skills learned through entrepreneur education can be used to succeed in life.

  24. Questions

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