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TANYA’S. STORY. Youth entrepreneurship education in America. “. I believe in the free market, competition, and. ”. entrepreneurship. President Barack Obama The Audacity of Hope. Young people in low-income neighborhoods want the same things we all want.
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TANYA’S STORY Youth entrepreneurship education in America.
“ I believe in the free market, competition, and ” entrepreneurship. President Barack Obama The Audacity of Hope
Young people in low-income neighborhoods want the same things we all want.
To earn enough money to live well. To make their family proud. To get a good education.
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? 50% An estimated of minority youth drop out of high school. The Manhattan Institute
Did you know? 81% said they would not have dropped out if school was more relevant to real-life. Civic Enterprises and The Bill & Melinda Gates Foundation
What if high school were more relevant in preparing youth to make it in our economy?
Did you know? 1 in 5 youth live in poverty in America
In many American cities, poverty is defined as… Poverty | noun A family of four living on $21,200 a year or less. Source: Federal Register, Vol. 73, No. 15, January 23, 2008, pp. 3971–3972.
That’s just over$50 a day… …for a family of four.
What does $50 getyou?
Four high school students received $50 each as an experiment.
Lena used her $50 to open a savings account.
Sarah took her friends to see a movie.
Maurice invested his $50 into mutual funds.
Tanya, who was in a NFTE entrepreneurship class. bought a dozen ties and scarves from a NYC wholesaler andlaunched a business.
So what was the return on each student’s $50 investment?
Sarah had fun at the movies, but had no money left after it.
Tanya sold enough ties and scarves to earn $148 dollars. She then re-invested $72 in thirty-six more scarves…
Something startedshifting in Tanya’s brain.
Tanya had worked part-time at a music store earning $140 a week. She wondered if she could make even more with her business.
Perhaps she could make enough money to help her mother afford the computer class she needs to get a better job?
“ 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
Tanya got excited about more than just running her own business. She got excited about her potential.
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.
“ 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
“ 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
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.
