Please Read: What If High Schools Focused on Entrepreneurship? Part 1
Quick Recap of Part 1:
How would America look today if high schools focused on entrepreneurship? You may think that I am jumping the gun and that we would not be much different today, but think about it.
Here are some statistics from this CNN article:
- 25% Of all Americans who start high school never graduate
- “Entering the workforce without a high school diploma means an unemployment rate three-and-a-half times the rate of those with a college degree”
- 30% Of high school graduates do not go immediately to college after graduating (the article does not give information on those who will never attend college)
- 43% Of all students who go off to college do not graduate in 6 years
So what does all of this mean? The easiest conclusion that I can come to from this information is that high school is often education’s last chance at making a difference and giving these young adults a solid shot at becoming successful. Sometimes it is the person that decides not to become successful, but sometimes, the system, and education, fail the students.
Thank you for coming back for Part 2. If you did miss Part 1, please read here. This part looks at bold predictions for what the U.S. would look like today if entrepreneurship was an integrated part of public and private high schools. My hope is that this discussion will open up a couple of minds and help a selected few recognize the importance of teaching the young people of America about following their true passion as a business owner. Besides, what is a bigger part of the ‘American Dream’ than starting your own business?
Here are my bold predictions that I teased in the first part of the article. Please stay tuned after the predictions to view more discussion and breakdown of why I believe each prediction would be true.
If High Schools Focused on Entrepreneurship…..
- Crime in the U.S. would be significantly lower
- The Unemployment Rate would be significantly lower
- U.S. Debt would be significantly lower
- There would not have been a recession that started in December of 2007
- Colleges & Universities would not have as much growth & enrollment = tuition rates would be a little lower
Explanation of Bold Predictions
–Crime in the U.S. would be significantly lower: U.S. Jails and prisons are filled with misguided entrepreneurs. According to the National Dropout Prevention Center/Network; 82% of prisoners in America are high school dropouts. Is there any question that if these current prisoners could have been exposed to an entrepreneurship course or at least have been introduced to pursuing their passion in a business matter, that they would have had a better chance?
Going all the way through a public school system is not for everyone. Although they strive to graduate every student, schools need to focus on giving students skills that will be useful even if they never attend another day of school. I hate to say it, but a history class or chemistry will not save someone from a life on the streets. Not everyone is interested in what is taught in schools – and if it is the difference between them learning what you are throwing at them or them dropping out, why not offer other opportunities for them?
–The Unemployment Rate would be significantly lower: This one is pretty obvious. If people are taught to create their own businesses, there will be many that go this route instead of relying on jobs being available to them for the rest of their lives. Also, the result of more businesses being created means that there will be many added jobs available to those who do seek employment. Why not create job creators instead of job seekers!?
–U.S. Debt would be significantly lower: More businesses means more revenue created, more jobs, more taxes given to the government, and less reliance on federal aid.
–There would not have been a (2007) recession: This is a long shot, but I am venturing to this conclusion for a couple of reasons.
1. Those who are taught entrepreneurship will keep it as a potential option even if they are currently working a job: When the layoffs started due to the crash of many financial institutions – fired employees would go on to rely on their skills by starting a business instead of entering unemployment and seeking a job.
2. Decrease in bad mortgages: There are too many issues with the recession to cover in this article. I do believe that the introduction of entrepreneurship would have helped more young house owners to rely on their own abilities to create and run a successful business, instead of being laid off and unable to pay their mortgage.
3. Entrepreneurship teaches budgeting: This problem could also be fixed by a good personal finance class, but students are not often taught about budgeting and limiting if not living completely without debt. These skills would have come in handy to those who let their spending get the best of them.
–Colleges & Universities would not have as much growth & enrollment = tuition rates would be a little lower: There is a lot of value in a college education if applied correctly. But if you are going to college JUST to get the degree, then something is wrong with the system, and you need to check your priorities. Teaching entrepreneurship would help many young Americans to start their businesses young, and many would go this path instead of trying to go to college just to qualify for a job that may or may not fit one of their interests or passions.
Start teaching entrepreneurship!
National Dropout Prevention Center/Network
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