By Kim Jones, Chairman and CEO, Curriki
Curriki is excited to be adding hands-on business curriculum from Youth Entrepreneurs (YE) to our high-quality OER Library, to help budding entrepreneurs learn everything about building their own business.
YE is a one-of-a-kind business class that transforms students’ mindsets through hands-on, experiential education so that they can realize their full potential. By letting students dive into actual business scenarios, it lifts the veil between textbook learning and real-world application. Students get to see the impact of their decisions, seize opportunities and take ownership of their lives.
Create an Actual Business
YE gives students the opportunity to create an actual business and apply classroom learning to a real-world scenario, so they can take calculated risks in a low-risk environment, experience successes and learn from their failures.
At the same time, YE provides educators with the training, resources and freedom to customize lessons and activities. Its goal to set students up to be successful, not just in the classroom, but in life.
YE Courses include:
- YE Business Finance — This bucket includes resources that will help you teach your students the basics of business finance in a fun and exciting way.
- YE Economics — The 10 economic principles are highlighted in these resources.
- YE Entrepreneurial Mindset — This bucket is full of resources designed to encourage students to think and act like an entrepreneur.
- YE Foundational Values – YE’s Foundational Values help students succeed in both the classroom and in life.
- YE Marketing — These resources cover market research, product innovation and ideation, as well as a marketing plan.
- Back of the Napkin – Teachers can apply this activity to many different business scenarios.
- Dirt and Worms – Students practice calculating Cost of Goods Sold (COGS) and develop an understanding of pricing and funding.
- Going Bananas – Students learn how markets work by engaging in an activity where the price of a product is determined by buyers and sellers trading and cooperating with each other.
- Ice Cream Sundae — Students practice calculating COGS and Price and Profit, and add labor costs to the equation.
- Lego COGS Activity – Students calculate the cost of goods sold for a prototype they designed, and gain understanding of how those costs affect price and profit potential.
Why YE is Effective
YE students leave the classroom equipped with an entrepreneurial mindset that is applicable to all facets of life, including critical thinking and problem-solving skills, self-awareness and a principled mindset that make them valuable employees and contributing members of their communities. The numbers tell the story:
- 99% of Young Entrepreneurs students graduate from high school (compared to the national average of 83%)
- 61% earn a bachelor’s degree or higher (compared to the 40% national average)
- 29% of YE alumni have started a business (compared to the 12% national average).
About Youth Entrepreneurs (YE)
Founded in 1991, Youth Entrepreneurs is a nonprofit organization that equips high school students with the entrepreneurial skills, values and vision to pursue their dreams. YE’s experiential curriculum has enabled more than 30,000 alumni across the nation to overcome barriers and seize opportunities for the betterment of themselves and others. Some students and alumni have even turned ideas born in the classroom into real, self-sustaining businesses. Learn more at youthentrepreneurs.org.
Kim Jones is the Chairman of the Board and Chief Executive Officer of Curriki. Kim is active in driving policy initiatives and is regularly featured as an honorary speaker on the impact of technology in education at influential meetings around the world. Learn more at Curriki.org.
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