Importance of Teaching Entrepreneurship to Young Girls

Importance of Teaching Entrepreneurship to Young Girls

Teaching Entrepreneurship to Young Girls

Part of the challenge in closing the gap is that ladies struggle to boost capital. In 2016, women received $1.46 billion in risk capital, representing only 2 percent of total venture funding. The 2017 Harvard graduate school working paper, “Diversity in Innovation,” offers one explanation: homophily, meaning that folks tend to measure and network in homogenous bubbles. So venture capitalists tend to mentor and provides money to entrepreneurs who appear as if they, and since the bulk of entrepreneurs are white men, they receive the majority of the resources both human and monetary. Homophily also impacts career choices; if girls don’t know or interact with female entrepreneurs, they’re less likely to ascertain themselves together.

This idea was substantiated by the 2017 Global Entrepreneurship Monitor (GEM) Women’s Report, which found that women’s confidence was lower in countries with more developed economies Fewer than 35 percent of girls in these economies believe they need the capabilities to start out a business supported the opportunities they see. Conversely, quite 67 percent of girls in less-developed economies believe an equivalent thing. The authors of the study acknowledged that companies in developed economies are more complex, but also noted that only 27 percent of yank women say they know an entrepreneur personally.

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It’s a vicious circleand therefore the only thanks to breaking it’s to urge more women, including women of color and diverse heritages, into the entrepreneurial pipeline. In recent years, there has been a greater emphasis on entrepreneurship programs for ladies on college campuses. While these efforts are important in working to shut the gender gap, the programs might not reach the young women who enter college without an overt interest in entrepreneurship. This matters, because the talents and characteristics that make an honest entrepreneur—fortitude, financial literacy, and therefore the ability to line and meet goals, and even take some calculated risks will serve women well no matter their chosen field. Moreover, college programs will never reach girls who aren’t encouraged to pursue educationI do know this because I used to be one of those girls.

Building Entrepreneurial Skills
Growing up in New Mexiconobody around me visited the college, and that I certainly didn’t see female entrepreneurs. my very own business education began once I joined Girl Scouts and began selling cookies, and my troop leader told me that I couldn’t leave the location of purchase until I heard no 3 times. That’s an incredibly empowering message for a lassand that I applied that rule to all or any aspects of my life. I often believe all the days I heard no as a woman, and what path I’d have taken had I not persevered.

Beyond learning to not take no for a solution and other soft skills self-confidence, determination, and grit the program taught me the hard skills fundamental to entrepreneurship, and it had been the sole financial education I received as a lass.

Since that point, the Cookie Program has expanded to incorporate stress on teaching five essential entrepreneurial skills: goal setting, deciding, money management, people skills, and business ethics. In 2014, we launched Digital Cookie, a platform that permits girls to make their own personalized cookie site. It offers games and quizzes centered on entrepreneurial skills, also as an area for women to line their cookie goals, track their progress, manage orders and inventory, learn Internet safety skills, and, of course, sell cookies. Additionally, cookie sellers can now earn badges in creating business plans, customer service, and marketing. they will also earn financial literacy badges in areas like budgeting, philanthropy, making smart buying decisions, and financial planning. The Cookie Program and financial literacy badges are a part of a bigger Financial Empowerment Program, which has age-appropriate lessons and activities centered around financial literacy for women in grades K through 12.

Getting Financial Literacy into Schools
The need for early financial literacy training can’t be overstated. Girls rarely see money being transacted latelyincluding have decision-making power about how it’s spent. A report from the Federal Reserve System found that the credit many students who received personal finance education were 7 to 29 points above those of scholars who weren’t exposed to equivalent lessons. Three years after exposure, study subjects had larger increases in credit scores and lower rates of delinquency.

Unfortunately, currently, only 17 states require high school students to review personal finance, and fewer than half require them to require an economics course. This gap in financial education in our schools puts all students, but particularly girls, at an obstacle, and makes entrepreneurship programs aimed toward young girls even more vital.

Entrepreneurial Environments that employment for women
A number of organizations offer entrepreneurship programs or teaching materials for youngsters and teenagers. Junior Achievement’s Be Entrepreneurial program and VentureLab each have downloadable curriculums available to educators, for instance, and Young Entrepreneurs Academy runs a year-long, after-school program in 168 American communities. But again, while initiatives like these are important and wish support, only VentureLab has lessons for college kids below grade 6, and none of those programs is specifically designed for women or operates during a single-sex environment.

Research tells us that girls perform better in girl-only environments, so it’s imperative that we support smaller organizations and help them develop more entrepreneurship opportunities for young girls. Business leaders can do their part by volunteering with existing girls’ programs or by launching mentoring programs for young girls at their companies. Parents can include their daughters in family decision-making around money, and that we can all ask the women in our lives about the importance of monetary literacy and financial empowerment.

The young girls of today are preparing for careers in industries that haven’t yet been invented. we’d like them to possess the courage and confidence—along with the business acumen and technology skills—to create the solutions that are remaking our world. But that’s only one a part of the equation; they also got to skills to sell that solution in order that it gets adopted.

Girls got to learn both the hard entrepreneurial skills and people softer leadership skills once they are young in order that they will practice them through adolescence and into adulthood. we’d like to show them early that when it involves their dreams and vision, they ought to never take no for a solution.

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