Entrepreneur Presentation

Compelling Reasons for Entrepreneurship at a Young Age

Entrepreneur Presentation

presenting at youth entrepreneur camp

Disengagement and Drop outs

I’m sure if you have a school-aged child, you have asked them “how was your day?”  The reply is usually (if they are a boy anyway), “fine”.  So of course you probe a bit more and you find out that in 3 of the 6 classes they watched movies.  It seems to be a Friday trend in some of my son’s high school classes.  “Oh,” I say, “they must be about what you are learning in class.”  He replies, “I’m not sure”.  Is that because he’s not paying attention or is the teacher not making the connection for him.   That is a question that may never be answered for me.  I really don’t remember being that many movies when I was in school – maybe I was napping at the time?! It does seem like there are a lot of movies and other non-related activities that are in our daily conversations enough so that I sometimes just have to wonder if they are just finding things to do to make sure they filling up the required hours that the kids have to attend public school.  Another thing I certainly don’t remember when I was in school; is sitting on one side of the table facing the librarian when they are using the library. Now these things may have changed since Columbine; but it sure seems like our schools have become more robot like, if not even more prison like.  From these statements, one might think I’m anti-education but that couldn’t be further from the truth.  Both my undergrad and graduate degrees are in education and I truly believe that education is the key to opening doors in the future.  But, I see current high school as a game that you need to learn to play and beat in order to excel at it.  Many kids (including my son – who is an avid gamer) do not see any value in beating the game of school.  Unfortunately, I think there are many kids just like him that just get through it so they can get to the next phase of their lives.  Many of these kids are very bright, they just may not be good test takers, are bored, or just don’t see how it connects to real life. But even worse is there are 3.0 million (8.1% in October 2009) 16-24 year olds in the US that have dropped out and have not earned a HS diploma or GED (US Department of Education, Center of Education Statistics, Institute of Education Sciences).  Even worse is that as many as 1 in 10 young male dropouts end up in jail or juvenile detention compared to 1 in 35 of those who have graduated from high school (NY times, by Sam Dillon on October 8, 2009; based on a study at Northeastern University).

Youth Unemployment

In the NY Times article above, Andrew Sum –director for the center for labor market studies at Northeastern University ,  brings forth another problem and uses his own city of Gary, Indiana to illustrate what is happening for youth unemployment. He states, “Back in the 1970s, my friends in Gary would quit school in senior year and go to work at U.S. Steel and make a good living, and young guys in Michigan would go to work in an auto plant,” he said. “You just can’t do that anymore. Today, you have a lot of dropouts who are jobless year round.” In fact, the US Bureau of Labor Statistics stated that unemployment for youth ages 16-24 rose to 19.7 million in July 2013. Only 50.7% of that age group was employed in July 2013 at the peak of summer employment. The rate was even higher for the age group of 16-19 year olds and doesn’t look as if it will be improving in 2014.

Why Middle School?

I often get asked why do I love working with middle-school aged kids – to be honest, when I first started it was because I kind of fell into it – it was the program we had that I adopted and it was geared toward middle-school kids.  But now, that I look back on my life, I say it is the perfect age to learn about entrepreneurship – their minds are open to new ideas and change and they still believe that they can do anything. When I was in middle school, I made a decision that changed my life (although I didn’t realize until years later). I was born with club feet and my right foot was deformed and the Achilles tendon was much shorter on the right side. At age 3, I had an operation to lengthen my Achilles tendon and straighten my right foot. I wore leg braces until I was 8 years old and then continued with night braces and corrective shoes. Of course because of the braces, I was bullied when I was young. When I was in 7th grade, I overheard my mom and the doctor talking about what to do next. The doctor told my mom that he had done what he could and it was really up to me. They didn’t know I overheard them but it was it was the best thing that could have happened. I made up my mind that I was going to walk without using any correction and that is pretty much what I did.  I was fortunate to learn, at a young age, that I could do pretty much whatever I put my mind to and realize that others can learn at this age also.

How Youth Entrepreneurship can help

It is a time for transition – this is the time kids are finding their place and the more successful they are the more confident they will become. This is a time where kids might not feel as they fit in anywhere and entrepreneurship is about making their own place in the world.  Entrepreneurship connects the academic subjects with the real world.  When you learn about running a business you are using math, english, writing and science.  When I ran my business in my 20’s, I learned more during those 3 years than any other 3 year period in my life. Entrepreneurship allows kids to explore what they are good at and like to do as a viable career option. In school, they give kids all these assessments and then try to guide them into one of those “quadrants” as the only viable career areas.  This may or may not be something they are interested in or passionate about. Entrepreneurs are vital to today’s economy.  The Small Business Administration (SBA) reports that small businesses make up over half of the private workforce in the US. Yet many of the skills need to create successful entrepreneurs are not taught in schools. Entrepreneurship is about solving problems and creativity. In today’s world, we need problem solvers and the entrepreneurial mindset is about looking at problems and turning them into opportunities that we can solve to make our lives better. Entrepreneurship is about empowerment. When the kids come to the youth entrepreneur camp I run on the first day, many of them are timid and quiet, you can see the growth during the week and by the fifth day, they present their own business idea in front of their peers.  That is quite an accomplishment in one week.  They can take that accomplishment with them and realize they can do more than they may have thought possible.  Entrepreneurship is about giving back.  In the camp, we raise funds in the team lemonade stand competition for the camp scholarship fund so that kids who can’t afford to attend can have the same opportunity. Entrepreneurship is a career.  One of the most important things we teach is that entrepreneurship is a viable job.  So if you can’t get a job, you can create your own.  After all, if you have lemons, what do you do – make lemonade and then of course sell it!