England remains one of the few places in Europe that has yet to develop a specific entrepreneurship education strategy for schools. APPG Entrepreneurship. (2022). Entrepreneurship Education.
Yvette Reinfor, More Curricular Co-founder attended The APPG for Enterpreneurship and finnCap's launch party in the House of Lords to celebrate their report "Education Entrepreneurship". The event explored how young people can be equipped with the skills necessary to start up or work at an entrepreneurial company.
"There is a major untapped opportunity to equip young people with the skills to start, run, and grow a business. Over half (51%) of young people in the UK have thought about starting (or already have started) a business, yet 70% believe ‘not knowing where to start’ is a key barrier to following through." APPG Entrepreneurship. (2022). Entrepreneurship Education.
What is entrepreneurship education and what benefits does it offer students?
Entrepreneurship education is a type of educational programme that teaches students the skills and knowledge necessary to start and run a business. While traditional education programmes focus primarily on theoretical concepts, entrepreneurship education emphasises practical experience and real-world applications. As a result, students who participate in entrepreneurship education programmes are better prepared to launch and grow their own businesses. Furthermore, entrepreneurship education can provide students with the opportunity to gain hands-on experience in running a business, which can be beneficial regardless of whether they ultimately decide to become entrepreneurs. In addition, entrepreneurship education can help to foster creativity, independence, and problem-solving skills.
How can educators create a curriculum that encourages entrepreneurship skills in students of all ages?
It's no secret that the world is changing. To succeed in today's economy, it's more important than ever for students to develop entrepreneurial skills. Gone are the days when a traditional education was enough to guarantee a good job. Today's students need to be creative, adaptable, and resourceful to find success.
So how can educators create a curriculum that encourages entrepreneurship skills in students of all ages? The first step is to identify the key components of an entrepreneurial mindset and also the vital skills in running a business like completing a tax return. Once these key components have been identified, educators can begin to integrate them into the existing curriculum. For instance, this could involve introducing primary school students to basic business concepts, such as marketing and finances. For older students, the curriculum could include more advanced topics, such as starting a business from scratch and effective ways to pitch ideas to investors.
What are some successful examples of entrepreneurship education programmes around the world?
Many schools are now offering entrepreneurship education programmes to give their students the skills and knowledge they need to start their own businesses. These programmes can be very successful, as they provide students with real-world experience and allow them to develop their business ideas. There are many different models of entrepreneurship education programmes, but some of the most successful ones are those that focus on experiential learning and mentorship. For example, the Global Entrepreneurship Monitor Youth Entrepreneurship Programme offers young people the opportunity to develop their business skills through hands-on experience and coaching from successful entrepreneurs. This programme has been very successful in helping young people start their own businesses, and it is a great example of how effective entrepreneurship education can be.
How can parents and students promote entrepreneurship education programmes at their school or community?
There are several ways that parents and students can promote entrepreneurship education programmes in their school or community. One way is to lobby the government and MPs to include entrepreneurship education in the school curriculum. This can be done by writing letters, making phone calls, or organising meetings. Another way to promote entrepreneurship education is to talk to school administrators and teachers about starting an entrepreneurship programme at the school. Finally, parents and students can also get involved in promoting entrepreneurship education in their community by organising events, starting clubs, or becoming involved in local business initiatives. By taking these steps, parents and students can play a key role in promoting entrepreneurship education programmes.
More information is available on The Entrepreneurs Network's website.
Conclusion
Education entrepreneurship is the future of education. It is a new model of education that embraces entrepreneurship and innovation, preparing young people for the 21st century workforce, teaching them how to think critically and solve problems, and fostering creativity and innovation.
Do you think that entrepreneurship be part of the curriculum?
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Yvette Reinfor is the co-founder of More Curricular, a company are dedicated to supporting learning and success for all children, regardless of their abilities. We offer handwriting training and provide research-led assessment and learning tools that make a real difference in the lives of UK children. We are proud to be an award-winning company with a strong focus on customer satisfaction.
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Excellent outline of the issues