Youth entrepreneurship education in America'

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TANYAS
STORY
Youth entrepreneurship education in America.
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I believe in the free market, competition, and

entrepreneurship.
President Barack Obama The Audacity of Hope
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Young people in low-income neighborhoods want the
same things we all want.
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To earn enough money to live well.
To make their family proud.
To get a good education.
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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.
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Did you know?
50
of minority youth
An estimated
drop out of high school.
The Manhattan Institute
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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
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What if high school were more relevant in
preparing youth to make it in our economy?
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Did you know?
1 in 5
youth live in poverty in America
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How would you define poverty?
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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. 39713972.
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Thats just over 50 a day
for a family of four.
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What does
50
get you?
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Four high school students received 50 each as
an experiment.
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Lena used her 50 to open a savings account.
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Sarah took her friends to see a movie.
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Maurice invested his 50 into mutual funds.
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Tanya, who was in a NFTE entrepreneurship class.
bought a dozen ties and scarves from a NYC
wholesaler and launched a business.
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So what was the return on each students 50
investment?
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Lena earned about 1 interest from her savings
account.
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Sarah had fun at the movies, but had no money
left after it.
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Maurices mutual fund investment earned 4.
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Tanya sold enough ties and scarves to earn 148
dollars.
She then re-invested 72 in thirty-six more
scarves
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Something started shifting
in Tanyas brain.
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Tanya had worked part-time at a music store
earning 140 a week.
She wondered if she could make even more with her
business.
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Perhaps she could make enough money to help her
mother afford the computer class she needs to get
a better job?
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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
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Tanya got excited about more than just running
her own business.
She got excited about
her potential.
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Today, Tanya is a member of the Babson College
class of 2011, on a 200,000 scholarship.
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By investing in herself Tanya felt more confident
and in control of her future.
This is a story about the power of ownership.
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The door to infinite possibilities was
opened, changing Tanyas life forever.
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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 Americas Economic Miracle Will Shape the
World (And Change Your Life) New York
HarperCollins, 2006
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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
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• 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.

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Get Involved www.nfte.com