Accelerating

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WELCOME!

• Accelerating
• Entrepreneurship
• Everywhere

Presented by Diane Sabato
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What is an Entrepreneur?
The term entrepreneur refers to an individual
engaged in the process of starting and growing
ones own business or idea, with the focus on
growth and innovation.
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Entrepreneurship Education is Important - Economic
why?

• Majority of new jobs are created by entrepreneurs
  and small businesses
• Small high growth companies account for 70 of
  economic growth over last decade
• Entrepreneurship drives economic competitiveness
  at the local state and global levels
• Over 1/3 of difference in national economic
  growth may be due to entrepreneurial activity
• Entrepreneurship has a unique position in the
  New Economy
• Entrepreneurship accounts for at least 2/3 of all
  technological innovation

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Entrepreneurship Education is Important Local
Impact

• There are 22,000 businesses in Western
  Massachusetts.
• 95 are small businesses.
• 80 of small businesses employ 10 or fewer
  people.

Conclusion If youre not an entrepreneur,
chances are good that youll work for an
entrepreneur.
Pioneer Valley Planning Commission 2004
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Entrepreneurship Education is Important - Personal
why?

• 7 of 10 high school students want to start their
  own business Gallup Polls
• More opportunity to exercise creative freedoms
• Higher self-esteem
• Greater sense of control over your life and
  future.

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Entrepreneurship Education is Important Global
why?

• Many experienced business people, political
  leaders, economists, and educators believe that
  fostering a robust entrepreneurial culture will
  maximize individual and collective economic and
  social success on a local, national, and global
  scale.

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Entrepreneurship Education
what?

• Objective is to become entrepreneurially minded
  with the potential to act on this by discovering
  or creating business opportunities.
• Lifelong learning process from elementary to
  adult

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Entrepreneurship Education
what?

• Entrepreneurs are not bornthey become
  through the experiences of their lives
• Entrepreneurs have a great diversity of personal
  characteristics, the common one being willing to
  take a risk in return for a profit
• Anyone can be an entrepreneur at any time of
  ones life
• Entrepreneurship is NOT learned by reading a
  textbook and then taking a test to prove you are
  one.
• Entrepreneurship education activities are a
  real-life vehicle for developing academic skills
• Entrepreneurs are found in every occupation and
  career
• Entrepreneurship education opportunities are
  important at all levels of education

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Lifelong Learning Model
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National Content Standards for Entrepreneurship
Education
why?

• Bring the power of entrepreneurship education to
  your curriculum
• Content for developing future entrepreneurs
• Context for building and applying academic skills
• Career Opportunities for students
• Economic Development for communities, states, and
  our nation

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National Content Standards for Entrepreneurship
Education
what?

• The Standards
• Are a FRAMEWORK for many levels of curriculum
  development
• Lead to developing KNOWLEDGE AND SKILLS for
  entrepreneurial activities
• Provide for acquisition and application of CORE
  ACADEMIC SKILLS
• Are both a CONTEXT FOR LEARNING and SUBJECT
  MATTER for CURRICULUM

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National Content Standards for Entrepreneurship
Education
how?

• Developed through
• Extensive literature review
• Focus group of entrepreneurs
• National Entrepreneur Advisory Council
• Input from those concerned with entrepreneurship
  education
• Expertise of Marketing Education Resource Center
  (MarkED)

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National Content Standards for Entrepreneurship
Education

• Organized in three sections
• Entrepreneurial Skills
• Ready Skills
• Business Functions

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Focus on READY SKILLS

• The basic business knowledge and skills that are
  prerequisites or co-requisites for becoming a
  successful entrepreneur. Provide the
  developmental curriculum opportunities that
  enable individuals to operate in competition with
  the world and a context for experiences related
  to becoming an entrepreneur.
• (C) Business Foundations
• (D) Communications and Interpersonal
  Skills
• (E) Digital Skills
• (F) Economics
• (G) Financial Literacy
• (H) Professional Development

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Activities/Lessons

• (C) Business Foundations
• understanding business as a smart consumer
• (D) Communications and Interpersonal Skills
• networking, written and oral communication
• (E) Digital Skills
• using todays digital tools
• (F) Economics
• current affairs
• (G) Financial Literacy
• personal financial literacy
• (H) Professional Development
• continuing education and skill training

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Contact Information

• Diane Sabato
• Assistant Professor, Business Administration
• Springfield Technical Community College
• One Armory Square, Ste. 1
• P.O. Box 9000
• Springfield, MA 01102-9000
• [phone]
• dsabato_at_stcc.edu

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Accelerating Entrepreneurship Everywhere!
THANK YOU!!
Consortium for Entrepreneurship
Education www.entre-ed.org