Modern children are growing up in the context of globalization and comprehensive automation. New opportunities and challenges that are virtually impossible to predict at the moment will arise in their careers and lives. The constant development of technology, environmental and social problems, global hyper-competitiveness, and changes in consumer demand will stimulate these changes. How to help children adapt to what will happen in 5, 10, 25 years? Our answer: teach entrepreneurship!
The current educational system is not very conducive to the development of children’s business abilities. If children show the appropriate talents, they often fade under a ton of stereotypical thinking. As a result, only a small percentage of children want to start a business in the future. However, adolescents should not be underestimated as innovators.
Let’s look at a few examples: gymnast George Nissen invented the trampoline, Joseph-Armand Bombardier invented the snowmobile – and this was when they were still in school (although George needed more time to put his idea into practice). At the same time, developers especially benefit if they also have an entrepreneurial streak.
Elon Musk learned to program at age 10, and at age 12, he developed and sold the Blastar game for $ 500. At the age of 15, Richard Branson founded Student magazine. Nick D’Alosio made the Trimit app at the age of 15, which reduces web content to short paragraphs for posting on Twitter, Facebook, and Tumblr, and at the age of 16, he received funding and renamed the app to Summly. He later sold his designs to Yahoo for $ 30 million.
There are many similar examples. We believe that entrepreneurship will help equip us with the knowledge and skills needed to be fully realized in today’s world. The Organization for Economic Co-operation and Development (OECD) recommends promoting an entrepreneurial society and culture, especially through education and training. The answer to the question “Why?” is found in research.
First, Entrepreneurship Develops Children
Students who have been taught entrepreneurship are more proactive; more often, they set up extracurricular activities and ambitious goals. Furthermore, those who were taught this through practice were even more willing to go to school (a study by the Danish Entrepreneurship Foundation).
Making informed decisions, managing financial resources, working effectively in a team, developing analytical and critical thinking – all these skills will help teenagers realize their potential in personal and professional life, now and in the future.
This is much more desirable for students than doing boring homework. Due to this, some students are employing assistance from services like MasterPapers, so that they could have more time to do the things they’re interested in. And, honestly, there is nothing sow worrying about this because such learners are studying field-specific knowledge, which is more applicable to real-life situations than abstract homework.
According to a study by the European Commission, four key areas identified by entrepreneurship education have been identified: increasing the likelihood of getting a job and starting your own business, personal growth, and further education.
Second, Entrepreneurship Develops Communities and Countries
In a 2004 conference note, the OECD noted that entrepreneurship helps create more jobs, stimulates productivity and competition, and brings society closer to achieving its goals. In Norway, for example, more businesses have started to appear in rural areas, which has contributed to the economic development of these regions (Council of Europe study).
Maybe business will help us solve the problem of global warming and create an inclusive society. Entrepreneurs create jobs for themselves and others, offer new ideas to overcome old problems and encourage competitors to create quality products. In addition, the state and society will benefit from entrepreneurship education.
Although such basics may not seem that important to day-to-day lives, just think about how much people are not conscious of how businesses work and their impact on the state economy. Learning all this will help develop children who are more involved in state life, even if that is simply more actively and consciously using the services of various businesses. It can start as simple as employing assistance from a paper writing service MasterPapers, and then transitioning to other products.
Educational series “Okay, Google: how to become an entrepreneur?” consists of 6 modules and 36 series. There is practical content, an expert explaining the basic business terms, and business representatives sharing their own experiences.
Methodologically, the theory in the course is based on the EntreComp standard, which we adapted to the needs of high school students. To motivate the audience, we have created a course for those who understand business in practice. We realize that dry theory does not win (especially in the video) when you can open YouTube with dynamic and entertaining content in the next tab.
A Danish study of entrepreneurship education showed that role models – real entrepreneurs in the online course inspired students and positively affected attitudes towards entrepreneurship.
Studying Entrepreneurship Early On
As you can see, learning how businesses work and how to start one motivates young people and teaches them numerous real-life skills. Like, for example, to always look for better deals – Choosing the Best Writing Companies | Top Options. Or thinking up creative ways to cover the needs of people.
In any case, such hands-on education adjusted for the realities of our modern times is a necessity to bringing up competent and confident adults. Teaching entrepreneurship early on has a strong case to be integrated more widely in all educational systems.
Everyone knows that Stan Wright is the man! You’ll find no better expert across the subject matters Stan specializes in. Helping students succeed in college since 2015, Mr. Wright is someone you can trust with writing your essay 110%. “What a fantastic writer and an affable lad!” – says one of Stan’s customers, pretty much summing up his whole professional attitude and a positive, yes-can-do demeanor.