Sarah Ford | February 10, 2015

Entrepreneurship Education Helps Put Kids on the Path to Success

By Jack E. Kosakowski

The Milstein Commission, convened by the University of Virginia to identify pathways for Americans to achieve middle class success, recently released its findings. The commission’s report, “Can Startups Save the American Dream?” identified ways to jumpstart America’s entrepreneurial engine by providing new businesses with access to capital, information, and support.

What helped distinguish the Milstein Commission’s work is that it went beyond the “nuts and bolts” or what goes into creating a business. It also touched on important aspects of how we prepare our young people to take on the challenge of entrepreneurship. Before we give aspiring business owners this needed support, how do we nurture the entrepreneurial spark in them so they are interested in starting a business in the first place? Moreover, how do we help our young people translate ideas into actions that can create jobs and spur economic growth?

Entrepreneurship education was cited as an important means of building the middle class by Carly Fiorina, Milstein Commission member and former HP CEO. Entrepreneurship education provides students with important real-world learning experiences that translate to business ownership or success in the workplace. Young people learn how to effectively collaborate, communicate, and apply critical thinking and creativity to solving challenges. It can provide a path to a successful and fulfilling future.

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