Transcript Slide 1

TANYA’S
STORY
Youth entrepreneurship education in America.
© The National Foundation for Teaching Entrepreneurship (www.nfte.com)
“
I believe in the free
market, competition, and
entrepreneurship.
President Barack Obama
The Audacity of Hope
© The National Foundation for Teaching Entrepreneurship (www.nfte.com)
”
Young people in low-income neighborhoods
want the same things we all want.
© The National Foundation for Teaching Entrepreneurship (www.nfte.com)
To get a good
education.
To earn enough
money to live well.
To make their
family proud.
The trouble is, very few
have a clear path
for how to get there.
Worse, they might not
feel like society expects
them to succeed.
Did you know?
An estimated
of minority youth
drop out of high school.
The Manhattan Institute
© The National Foundation for Teaching Entrepreneurship (www.nfte.com)
Did you know?
said they would not have
dropped out if school was more relevant
to real-life.
Civic Enterprises and The Bill & Melinda Gates Foundation
© The National Foundation for Teaching Entrepreneurship (www.nfte.com)
What if high school were more relevant in
preparing youth to make it in our economy?
© The National Foundation for Teaching Entrepreneurship (www.nfte.com)
Did you know?
1 in 5
youth live in poverty in America
How would you define “poverty”?
© The National Foundation for Teaching Entrepreneurship (www.nfte.com)
In many American cities, poverty is defined as…
Source: Federal Register, Vol. 73, No. 15, January 23, 2008, pp. 3971–3972.
© The National Foundation for Teaching Entrepreneurship (www.nfte.com)
That’s just over $50 a day…
…for a family of four.
© The National Foundation for Teaching Entrepreneurship (www.nfte.com)
What does
$50
get you?
Four high school students received
$50 each as an experiment.
Lena used her $50
to open a savings account.
© The National Foundation for Teaching Entrepreneurship (www.nfte.com)
Sarah took her friends
to see a movie.
© The National Foundation for Teaching Entrepreneurship (www.nfte.com)
Maurice invested his $50
into mutual funds.
© The National Foundation for Teaching Entrepreneurship (www.nfte.com)
Tanya, who was in a NFTE entrepreneurship class.
bought a dozen ties and scarves from a NYC
wholesaler and launched
© The National Foundation for Teaching Entrepreneurship (www.nfte.com)
a business.
So what was the return on
each student’s $50 investment?
© The National Foundation for Teaching Entrepreneurship (www.nfte.com)
Lena earned about $1 interest
from her savings account.
Sarah had fun at the movies, but
had no money left after it.
Maurice’s mutual fund
investment earned $4.
Tanya sold enough ties and
scarves to earn $148 dollars.
She then re-invested $72
in thirty-six more scarves…
Something started shifting
in Tanya’s brain.
© The National Foundation for Teaching Entrepreneurship (www.nfte.com)
Tanya had worked part-time at a music store
earning $140 a week.
She wondered if she
could make even more
with her business.
© The National Foundation for Teaching Entrepreneurship (www.nfte.com)
Perhaps she could make enough money
to help her mother afford the computer
class she needs to get a better job?
© The National Foundation for Teaching Entrepreneurship (www.nfte.com)
“
I always thought business was for
older people, wealthier people…
But now I know that I can run
my own business and not have
to work for someone else.
”
Tanya, Entrepreneur
© The National Foundation for Teaching Entrepreneurship (www.nfte.com)
Tanya got excited about
more than just running
her own business.
She got excited about
her potential.
© The National Foundation for Teaching Entrepreneurship (www.nfte.com)
Today, Tanya is a member of the Babson College
class of 2011, on a $200,000 scholarship.
By investing in herself Tanya felt more
confident and in control of her future.
This is a story about the
power of ownership.
The door to infinite
possibilities was opened,
changing Tanya’s life forever.
© The National Foundation for Teaching Entrepreneurship (www.nfte.com)
“
For the United States to survive and continue its economic
and political leadership in the world, we must see
entrepreneurship as our central comparative
advantage.
Nothing else can give us the necessary leverage to
remain an economic superpower.
”
Carl J. Schramm
The Entrepreneurial Imperative: How America’s Economic Miracle Will Shape the
World (And Change Your Life); New York: HarperCollins, 2006
“
I am calling on our nation's Governors
and state education chiefs to develop
standards and assessments that don't
simply measure whether students can fill
in a bubble on a test, but whether they
possess 21st century skills like
problem-solving and critical thinking,
entrepreneurship and creativity
”
President Barack Obama
Education Speech, March 2009
© The National Foundation for Teaching Entrepreneurship (www.nfte.com)
“
Not every young person wants to work
for a big business so we need a
systemic approach to teach them
entrepreneurship. NFTE has the best
program in the country.
”
Arne Duncan
United States Secretary of Education
© The National Foundation for Teaching Entrepreneurship (www.nfte.com)
•
NFTE is a non-profit organization whose mission is to
provide entrepreneurship education programs to young
people from low-income communities.
•
Since its founding in 1987, NFTE has served more than
230,000 young people.
•
NFTE offers programs in 22 states and 13 countries
around the world.
Get Involved: www.nfte.com