What are the skills needed to run a small business successfully?

Education Reform and Disruption: What would the impact be if high schoolers had to demonstrate the skills to start and run a small, local, service business in order to receive a diploma?

  • This is a follow-on to It is followed by The modern high school was designed to provide factories with ready industrial workers, but with the rise of globalization and automation that is no longer the dominant need of the American economy. Expecting everyone to go to a four-year college (at likely great expense and debt) is unreasonable. What if in order to receive the basic academic credential in the US, students were required to have a command of basic entrepreneurship? What obstacles would there be to implementing this? What specific skills might need to demonstrated? What might the curriculum/curricula be like? How could you tailor the curricula to students' personal interests? What would the potential positive impacts be? What would the potential negative impacts be?

  • Answer:

    This is a scary requirement for anyone, let alone a young person. Most of my working life has been self-employed. It requires more cajones than most people are willing to grow. Autonomy I think the very idea of a high school diploma is misguided. Certificates of most kinds - especially non-rigorous ones - communicate little about a person. I would prefer a non-institutional version of this sort of curriculum. For example, I'm happy to teach anyone who asks me to make a modest living copywriting. I've done so more than once at no charge. Real work is always preferable to simulated work, except in cases where major mistakes can lead to catastrophes. For example, bridge engineers need to train for a while before it's safe to allow them to build a suspension bridge. Customer service representatives, on the other hand, take less time to train, even though their potential mistakes could cause financial damage to a company. Yet young people have been conditioned to ignore the many apprenticeship and internship oppurtunities available to them in favor of classwork. The education system expropriates the most valuable years of their lives to focus on pointless schooling so they can't self-actualize. This is why so many college-aged young people feel as if they "don't know what to do with their lives." Adults have made all their decisions for them, even throughout their biological adulthood. I disbelieve in the concept of "rights," but the system violates the sense of agency that young people should otherwise be developing. The laws disallow them from making free economic, sexual, and political choices. And just about every teenager hates it and reacts against it through various avenues of "slave rebellion." I think a 10 year old who started reading 's Copyblogger would be a superior writer at 16 years relative to a 24-year-old with an MFA from . To boot, the Copyblogger-educated person would receive the entire education for free, while the Yalie would likely need to go deep into debt for the Boolah-Boolah experience. End Youth Apartheid It's time to recognize that young people are humans who deserve respect, autonomy, and dignity. Adults should stop placing all these walls, barriers, and chains onto the shoulders of the weakest and most helpless members of society. Parents can help by being less gullible consumers of education. Stop pretending like the public education system will be reformed. There are no magical Tiger Moms like who will roar at your local school and force them to teach math competently. The purpose of education isn't to teach a child to become a powerful, free individual. It's to socialize people into obedience. Stop enabling private universities. Stop enabling public universities. Stop telling teenagers that they just need to go to college, follow the rules, and that everything will work out just fine for them. Technological and social change accelerates too quickly for anyone but an autodidact to thrive. I also think it's wise to cease placing such high importance on age and to instead focus on behavior. Too many people automatically devalue whatever a young person might have to say merely because they're young. Who people are is less important than what they do and say. People who will decry racism will think nothing of exercising prejudice against the young. It's illegal to discriminate in hiring based on race, but we're forced to discriminate against the young. The law considers the young to be sub-human. They can be prosecuted as adults for certain crimes, but have none of the privileges the state allows adults to have. It's time to end youth apartheid. We're actively wasting the futures of our young people and our society. We're sacrificing their lives to a dead god that no one believes in anymore. Like any huge social change, this would create many winners and losers. Bringing youth back into the labor market could easily depress wages for many professionals. This is one reason why there's almost no constituency for it. It would also render many bureaucratic, educators, and service providers out of a job until they could adjust to the new way of society. Oh well! Concentration camp guards, plantation overseers, Luftwaffe pilots, Lysenko geneticists, British Colonial Governors, and Spanish Inquisitors all had to find new jobs too, once upon a time. Big deal! When teenagers call out for more autonomy, it's usually dismissed with the sort of common bigotry that our society has come to accept. For my part, I say "bring on the competition." In the long run, however, our living standards will improve, we'll be rid of the recent failed social invention called "adolescence," and more people will find a place in society that they can feel proud of. Families will probably strengthen, because the early years of child-rearing will be more focused on engendering autonomy and self-respect. As many parents can attest, raising a teenager is really like having a tenant that pays no rent that often hates every moment of living with you. Corporations Should Pay the Cost of Educating Workers Currently, corporations expect the government and the banking system to cover the cost of educating workers. This has failed in every way imaginable at every conceivable level. Training and teaching new workers can be accomplished at much lower cost than before, thanks to information technology. The classroom is completely obsolete. A lot of low-value education can be distributed through inexpensive rich media channels. More high-touch tasks can be taught one-on-one. The true economic gains from the internet will be realized over the next 20 years, as a new generation replaces the creaking olds who were educated in our Soviet-era system.

John-Charles Hewitt at Quora Visit the source

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"The world needs ditch-diggers too. . . "

JG McLean

The older you get, the harder it becomes to displace a wage slave world-view with an entrepreneurial one. So a K-12 track seems right, the same way you track math, science, and the arts from age six to eighteen. I've seen programs that work in primary school; think selling candy bars, car washes, or running lemonade stands. Like the arts, entrepreneurship should be a catalyst for developing social skills, emotional intelligence, numeracy, literacy, critical thinking, economic literacy, and an abiding curiosity about people and the way the world works. This is not about vocational training; entrepreneurship teaches people to engage with their world from a place of informed choice. Top MBA and medical programs do more than screen out the chaff; they encourage the personal characteristics and behaviors needed to succeed. Sometimes this is through a crushing pace with high expectations. Other times this is about learning to quickly bulid and work in teams. Every program exposes you to a range of sub-disciplines, each with their own conceptual frameworks, traditions, and ways of approaching common problems. Entrepreneurship education should aspire to provide a well rounded program that leaves you with high school graduates who are motivated, skilled, knowledgeable, experienced and ready for whatever comes next. Earning adoption in cash strapped schools and finding qualified teachers in a meaningful time frame is another matter.

Phil Wolff

This seems like an odd, and arbitrary, test. In fact, it feels similar to my needing to pass a swim test (2 lengths + tread water for a minute) to graduate college. In my high school, those who didn't plan to go to college went to a vocational-technical school for 1/2 the day. Most of those folks became plumbers, electricians, hairstylists, etc. Some of those people may own their own businesses today, but many others probably work for others. The right answer to the question above is to either (a) force college to be affordable to all - difficult problem to solve, and/or (b) have good alternatives for those who don't. A robust vocational program in high school seemed pretty good to me and gets people way further IMHO.

Marc Shedroff

We might have the ability to grow small business with students in the role of new business leaders?  What if we empower them with open source tools for oversight, coaching or mentoring?  The tools guide, while students contribute with creative thinking.  - first draft complete We might teach them how to setup their business in a few days versus months, using WIX with the google play applications?  https://cacoo.com/diagrams/gH8Vw1fnM209dZts#C4495 engineering with system dynamic simulation models https://cacoo.com/diagrams/gH8Vw1fnM209dZts#C4495 http://prezi.com/skgg_ubd0ygv/?utm_campaign=share&utm_medium=copy&rc=ex0share One impact; we have for years struggled to fill the gap in certain disadvantaged neighborhoods.  We funnel millions into the county to create new child care businesses in 12 zip codes.  We could encourage people who are interested in teaching or who would be happy running a family child care business, to commit to the business in a disadvantaged zip code.   Here's my offer, I promise to stop answering so many questions in Quora...if someone allows me to do some contract work making this a reality.   We could pilot local and I promise to design the model to be repeatable in any part of the nation or world.

Lisa Martinez

The popularity of entrepreneurship is growing for a large number of reasons, which in part explains its appearance in high school curriculums. However, more importantly these curriculum changes are an early sign that the future economic activities of people will be different. The number of jobs in companies will decline as a result of productivity improvements, globalization and perhaps even lower defense spending. Consequently more people will be forced into self-employment or entrepreneurship as an alternative to government assistance. Offering four years of entrepreneurship in high school (along with math, science, etc.) would probably be a popular course given the practical nature of the subject. Would recommend an online curriculum given the challenge in preparing teachers for the subject and their lack of experience in the material.

Robert Hacker

Entrepreneurship is all right, but on its own it's not a sustainable way to run a country.  Indeed, countries with comparatively high numbers of small business owners tend to be in pretty bad financial shape. Running a company means ceasing to focus on what you're actually good at and worrying about things like marketing, financing, and all sorts of other dead-weight losses.  Further, more owners means fewer employees on average, which means less collaboration, and collaboration is necessary to do all sorts of interesting things.

Daniel McLaury

I'll keep this short: as the Managing Director of my school's Young Enterprise team, when we failed and ended up with £600 of debt (amongst mostly unemployed 16-17 year olds), friendships suffered, arguments happened, school grades dropped, and we were left with a damn awful situation. But by the end of it we'd learnt so much I'd recommend the whole experience to everyone my age.

Anonymous

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