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The BizWorld Foundation

The BizWorld Foundation The 28th Annual Entrepreneurship Education FORUM Nov 12 - 16, 2010 - Columbus, Ohio.

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The BizWorld Foundation

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  1. The BizWorld Foundation The 28th Annual Entrepreneurship Education FORUMNov 12 - 16, 2010 - Columbus, Ohio

  2. The BizWorld Foundation inspires children to be innovative leaders through the teaching of entrepreneurship, business and finance. We connect third to eighth grade students to the real world by providing curricula, training educators and fostering collaboration between education and business.

  3. What Is The Issue We Address? • Lack of business education creates a shortage of business-savvy or financially aware adults • More financially educated adults make better economic decisions, resulting in greater economic stability

  4. Challenges to Global Competitiveness Challenges to Global Competitiveness • Education is the key to an innovative workforce, but faces significant obstacles: • Only 50% high school graduation rate in our highest need communities • Only 50% of 8th graders perform at grade level • Urban boys are more likely to go to jail than graduate from high school • Girls less interested and proficient in STEM according to recent research • These education issues have national and international implications: • National unemployment rate at 10% • Mortgage defaults at an all-time high • Record federal deficits and trade imbalances • U.S. losing it’s competitive edge to other industrialized nations

  5. The Future American Workforce The Future American Workforce The U.S. must retain its competitive edge in innovation and continue to focus on highest value creative work: The Report of The New Commission on the Skills of the American Workforce

  6. What Change Are We Trying To Create? • Systemic: Contribute to cultivating a stronger presence of business and entrepreneurship in education • Individual: Contribute to creating a stronger society of accountable adults: responsible decision-makers, informed consumers, smart voters

  7. Why Could This Change Happen Now? • Education system facing pressure to innovate • Multiple stakeholders focused on education outcomes • New education structures create entry points for business learning • Children possess real economic decision making power • Business landscape more transparent and in the news

  8. Why We Need Financial Education Today • Use the current economic climate as a learning opportunity: • The President of the National Endowment for Financial Education describes the current financial crisis as “one of the greatest teachable moments that’s ever happened.” • Inspire children to become our future economic leaders and innovators • Ensure an educated and skilled workforce, as well as a financially aware populace • Challenge our most ambitious students to apply their knowledge to the real world • Make sure all students have: • The economic tools they need to succeed • Knowledge about economic and financial principles • Awareness of the positive aspects of business

  9. Why Business and Financial Education Matters How BizWorld Works • The new economic landscape requires that we prepare students to: • Analyze and solve problems as part of a team • Exercise leadership in challenging projects • Apply their knowledge to real-world situations • Understand math and economic concepts, and how they relate to each other • Effectively communicate verbally and visually with their team and to an audience

  10. Solutions That Work (What We Can Do!) • Start business education earlier (high school is already too late!) • Inspire students to become innovative leaders and financially responsible citizens • Leverage real-world project-based learning to teach critical life skills • Engage students with innovative, relevant, interdisciplinary curricula • Involve teachers, parents and community members in the learning process • Teach business principles to youth (and educators) in order to create a more financially literate society

  11. What BizWorld Believes In • The power of education to positively influence children • Financial and entrepreneurship education as tools for economic prosperity • The involvement of the private sector to bridge the gap between business and education • The ingenuity, creativity, and ability of children to create their own opportunities for success

  12. 2010 State of the States Study –Council for Economic Education

  13. Entrepreneurial Education Why it matters for Ohio • K-12 economic education standards, guidelines, or proficiencies have been mandated in Ohio • Personal finance education is currently only required in high school • Ohio unemployment rate – 10%

  14. The BizWorld Foundationin Ohio • Program currently being taught in 25 classrooms in Mason City School District (688 students) • Teachers have shared best practices through technology like wikis • Program has been taught in an additional 6 classrooms (165 students) • Great candidate for fulfilling professional development requirements for state licensed educators • Currently working with Ashland University in creating long term professional development program using BizWorld as the curriculum. Pilot program to be 25-60 educators

  15. How BizWorld Works • Developing innovative project-based curricula teaching entrepreneurship, business, and finance • Training educators and volunteers • Connecting classrooms to the real world • Providing community engagement opportunities • Sharing best practices • Emphasizing innovation, teamwork, problem-solving, creativity, leadership, and other 21st Century skills

  16. An Introduction to Our Programs • 3-8th Grade • 10-15 hours to implement • Aligned to standards • Project-based • Real-world math • Naturally differentiated • Interdisciplinary • Experiential • Teaches21st Century skills • Classroom/After School/Summer School • Effective for all students • Remedial, gifted, at-risk (RTI) • Character education • Career connections (CTE) • Special education • English learners • STEM integration • Engages community members/parents

  17. The BizWorld Curricula • BizWorld • Integrates business, entrepreneurship and finance as students start, fund, and run a company in a simulated real-world environment • Companies create revenue stream, deduct expenses, experience profit/loss, formulate income statement, and calculate company value • BizWiz • Students form investment teams that set a financial goal, analyze economic forecasts and create an investment strategy • Students participate in simulated trading sessions to achieve their investment goal • BizMovie • Integrates business and technology as students start, fund and run a movie production company • Students produce, market, and sell tickets to their animated film

  18. Setting the BizWorld Stage

  19. Pitching the BizWorld VC

  20. BizWorld Design and Manufacturing

  21. BizWorld Finance

  22. BizWorld Marketing Campaign

  23. The BizWorld Sales Bazaar!

  24. BizWorld’s Proven Results BizWorld’s Proven Results • Over 270,000 students have participated since 1997 • Over 4,700 educators teaching our programs • Successful programs in all 50 states • Taught in over 80 countries (with 4 major international partners, including Netherlands, Korea, India, and Singapore) • Alliances with schools, districts, after-school programs, non-profits, camps, and others • Students show an average increase of 61% in their understanding of basic business, math, and economic concepts after completing the BizWorld program

  25. Why Educators Love BizWorld • Embedded learning: “academics in disguise” that are engaging for all learners (and fun for the teacher!) • Reinforcement of highly-tested concepts in meaningful context • Relevant: answers the age-old question, “Why are we learning this?” • Opportunity for integration of 21st Century skills • Model of project-based interdisciplinary instruction • Provides hands-on activities that culminate in a showcase (press release template to encourage community involvement provided) • Tool for developing authentic relationships between school, community, parents, teachers and after-school instructors to close the achievement gap • Meaningful platform for developing relationships with community partners for support and sustainability (mentoring/fundraising) • Inexpensive and reusable

  26. Why Parents and Volunteers Love BizWorld • Parents • Love to see theirchildren learning life skills • Enjoy the opportunity to engage their children in conversations about what they do at work • Appreciate being able to volunteer in their child’s classroom in a meaningful way • Volunteers • Easy to teach (no teaching experience necessary) • Flexible (can be taught in as few as 10 hours) • Utilizes their skill set (share time as well as expertise in business and finance) • Engagement (can develop long-term relationship with school by teaching every year)

  27. Why Volunteers Love BizWorld • Easy to teach (no teaching experience necessary) • Flexible (can be taught in as few as 10 hours) • Utilizes their skill set (share time as well as expertise in business and finance) • Engagement (can develop long-term relationship with school by teaching every year) • Fun! The kids love the program and love having volunteers to support them

  28. BizWorld Works! BizWorld Works! • “BizWorld programs reach beyond what regular curriculum can deliver. I support their programs and see the terrific benefits.”– Don Fisher, Founder, Gap, Inc. • “I learned that you could do anything in life.”– Luis, 5th grade, Silver Hills Elementary School • “I learned that to start a business you need to take risks and be creative, and I learned to work as a team efficiently.”– Ananya, 5th grade, Perry L. Drew Elementary, East Windsor, NJ • “BizWorld is truly a joy to teach because our students learn life lessons through the program that will stick with them for years.” – Heidi, Waxahachie Preparatory Academy, Waxahachie, TX

  29. Who Are We? • 501c3 non-profit • Nationwide organization based in San Francisco, CA • 15 employees (from education, public, and private sectors) • $1.6M budget • Major funders: • Financial institutions (e.g. Visa, Franklin Templeton, NYSE) • Venture capitalists (e.g. Draper Fischer Jurvetson) • Banks (Merrill Lynch/Bank of America, Wells Fargo/Wachovia) • Foundations and individual donors

  30. How You Can Help • Bring BizWorld programs to your school or community • Teach or support the teaching of a class • Visit a classroom • Invest in our growth • Spread the word on Facebook, Twitter, YouTube, and LinkedIn • Sign up for our e-newsletter at www.bizworld.org • Contact us: 415-503-5880/info@bizworld.org

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