engage engineering entrepreneurship students to take action
TRANSCRIPT
Engage
Students
Spark
Action
“How do we fit entrepreneurial skills training into an already
packed engineering curriculum?”
“How do we spark intense desire in students to learn
entrepreneurship and engineering on their own in their
free time?”
My first business client at 16 years old…
Why would a 16 year old who has never read a book on his own before spend $500 on
books?
How can this mindset shift be replicated in your classrooms?
Action
Experiential
Business Plan
Starting a business is one of the best ways to become entrepreneurial
Customer Awareness
Business Acumen (Financial Analysis, Organizational Management, Economics
Social Values (Personal Character, Free Enterprise, Freedom/Liberty)
EntrepreneurialMindset
20% of students enrolled in these top entrepreneurship programs
have started a business.
13% of students who started are still in business.
Our GuidingPrinciples
Students really exploring entrepreneurship should start a business, just like others do an
internship to explore a job.
Share Untapped Opportunities
Sell the Power of Entrepreneurship
Show that They Can Do It
Create a Fun, Safe, Learning Environment for Action
Today’sAgenda
Share Untapped Opportunities
TechnologicalChanges
Item Now BeforeBiz Cards 250 free+ S&H Tens
Fax Number Free Hundreds
800 Number $9.95/month Tens
Domain Name $9.95/year $35/year
E-commerce Free Setup Hundreds
Web Hosting $4.99/mo $20/mo
SocialNetworking
2. Pre-SellingProduct/Svc
CreateTell us what you're collecting money for, how much you want to raise, and when you need it by.
PromoteEmbed the ChipIn Widget on your favorite Web site or create your own ChipIn page at yourname.chipin.com.
CollectLet your social network contribute via ChipIn's secure service & collect your funds via PayPal.
3. e-WholesaleTrip
Buy & sell goods/services internationally
Once students see the low prices, then they’ll connect the dots. From $2/hr.
www.elance.com/
40,000+ providers
www.alibaba.com
11,500,000+ sellers
Buy ServicesInternationally
Categories:
• Web & Programming• Design & Multimedia• Writing & Translation• Admin. Support• Sales & Marketing• Finance & Mgt.• Legal• Engineering & Mfg.
www.elance.com/
- 23 -
Post for Free
- 24 -
Search for providers
Categories
• Agriculture (128,773)• Apparel (553,236)• Automobile (364,498)• Business Services (48,209)• Chemicals (116,809)• Computer Hardware & Software (281,575)• Construction & Real Estate (760,793)• Electrical Equipment & Supplies (304,550)• Electronic Components & Supplies (62,251)• Energy (38,371)• Environment (11,879)• Excess Inventory (6,288)• Fashion Accessories (862,545)• Food & Beverage (84,516)• Furniture & Furnishings (615,370)• eneral Industrial Equipment (109,957)• General Mechanical Components (138,511)• Gifts & Crafts (622,910)• Hardware (321,190)• Health & Beauty (301,271)
• Home & Garden (1,089,735)• Home Appliances (279,168)• Lights & Lighting (211,695)• Luggage, Bags & Cases (352,204)• Mfg & Processing Machinery (164,857)• Measurement & Analysis Instruments (48,870)• Minerals, Metals & Materials (291,404)• Office Supplies (236,749)• Packaging & Paper (238,749)• Printing & Publishing (29,467)• Rubber & Plastics (152,293)• Security & Protection (108,241)• Service Equipment (134,518)• Shoes & Accessories (276,970)• Sports & Entertainment (497,346)• Telecommunications (440,546)• Textiles & Leather Products (262,315)• Timepieces, Jewelry, Eyewear (553,262)• Tools (141,121)• Toys (202,580)• Transportation (91,917)
SellInternationally
Have a store front Create an e-commerce web site List on a site (eBay, amazon.com)
Advertise Google Adwords and Facebook Ads Search Engine Optimization Email Marketing Affiliate Program
Stretching Break
Sell the Power of Entrepreneurship
Money
Save on taxes capital gains expensing
Unlimited potential via ownership (no cap)
What percentage of millionairesare entrepreneurs?
How much doesthese guys make?
$1$1$1$1
How much doesthese guys make?
$1.0$1 0$1.0$1
How much doesthese guys make?
$1.0.0$1 0$1.0$1
How much doesthese guys make?
$1.0.0$1.0.0
How much doesthese guys make?
$15.9 Billion each as 9/17/08 according to Forbes.com
How much doesthese guys make?
Eship ChangesThe World!!!
Innovation
Job Growth
Philanthropy
Social Entrepreneurship (GREEN is HOT)
66% of job growth comes from small business.
Source: National Commission on Entrepreneurship
JobGrowth
90% of innovation comesfrom small business.
Source: National Commission on Entrepreneurship
JobGrowth
Largest USAPrivate Foundations
Bill & Melinda Gates Foundation, $35.9B
Howard Hughes Medical Institute, $18.6B
Ford Foundation, $13.7B
J. Paul Getty Trust, $10.1B
Robert Wood Johnson Foundation, $10B
Tom Szaky, Terracycle
FewerResponsibilities
Rent or Mortgage Health Insurance Student Loans No Financial Support from Parents Life Insurance Children (care, living, education)
Save $20,000+ per year
Freedom
Work on what they’re passionate about Work when they want Work with their good friends Work from home or wherever they want
Personal Growth& Learning
Learning About Business Soft Skills Learning (sales, networking, etc.) Self-Knowledge Expanded Comfort Zone
InstantGratification
Text your question to 242242
THE ENTITLEMENT GENERATION
Show that They Can Do It
"Whether you believe you can or cannot, you are right."
"Whether you believe you can or cannot, you are right."
"Whether you believe you can or cannot, you are right." – Henry Ford
SUCCESS STORIES
Networkof Speakers
Youngest ever minority CEO of publicly-held company
Companies have raised, been sold for, & earned over $1M Bestselling authors
Business Week 25 under 25
Recognized in top national press
Networkof Speakers
25 schoolsin two months
Age
Ethnicity
Geography
Economics
Gender
Nationality
ExposeSuccess Stories
Resources
Local Speakers Extreme Tour Cornell’s eClips
(http://eclips.cornell.edu/) Ecorner
(http://ecorner.stanford.edu/)
BELIEVE ANY OF YOUR STUDENTSCAN BE MASSIVELY SUCCESSFUL
WITH SUSTAINED, DELIBERATE EFFORT AND OPPORTUNITIES.
Create a fun, safe, learning environment for action
ProvideAccountability
Share the mostimportant tasks theywill work on to others
Students do what they said they'd do
Share their victories with others and receive coaching
Applying the Gym Buddy Concept to Starting a Business
Mentorship
Space isn’t the challenge. Use classroom or be virtual.
Accountability
Discounted Vendors
BusinessIncubator
“Facebook says it has hit the milestone of 150 million active users”
“Nearly half of those 150 million members use facebook everyday”