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Planting the Seeds for an Entrepreneurial Mindset

by Anthony Delmedico on April 19, 2012

I am a serial entrepreneur, a Gulf War veteran, an author, MBA degree holder, and a CEO to several successful multi-million dollar companies which I started on my own.  I decided recently that I wanted even more, I wanted to leave a footprint, help to create a better pathway for our youth and our economy.  We need to start exposing our youth to better ways, positive paths, and more options.  So I recently launched E2: Entrepreneurship Education as core curriculum in our public schools in 4th grade to 12th grade.

I am very concerned about the current K-12 education system provided to our kids, how prepared they are for the real world as young adults, our overall economy and the future of America.  I am a strong advocate for our youth and believe we need to offer them creative ways of learning and give our current education system a complete overhaul.  We also need to repair our economy.

If Entrepreneurship is the engine of our economy, creates jobs and puts food on tables, why wouldn’t we place the same emphasis on it in our public schools and core curriculum as Math, English and Science?

Wanted: Education System Overhaul

Wanted: Education System Overhaul

As many of you already know, we are at a pivotal moment in the history of America:

  • Record levels of unemployment and high inflation
  • Record teen drop-out rates (1.2 million teens drop out annually)
  • High juvenile crime rates and young adult incarceration rates
  • 2.4 million college graduates can’t find jobs in their fields of study
  • College students in debt up to their eyeballs
  • Globalization continues to drive jobs overseas
  • Corporate America and Wall Street greed
  • K-12 schools failing to prepare students for the real world

It is time for bold action to reverse these negative statistics. 

I am proposing a concept, an idea, a movement called E2: Launching Entrepreneurship Education as core curriculum in our public schools in 4th grade to 12th grade.

Launching E2 is a big, bold idea.  It will require strong leadership, but if executed by 2013, it will create millions of new jobs and even new industries by the year 2020.  E2 will put America back to work and make the American Dream achievable by everyone, regardless of income, background or color.

Entrepreneurial Ecosystem

Entrepreneurship Education Ecosystem

  • E2 as core curriculum will launch a new generation of entrepreneurs across America, creating millions of new jobs and industries.
  • E2  will help return America to full employment over the next decade, thus improving our economy on a grand scale.
  • E2  will reduce teen dropout rates, juvenile crime and incarceration rates, as well as create a pathway to success for young adults, regardless of a college degree.

We need to create a whole new generation of youth, who are job creators vs. job seekers.  Government and education leaders need to launch E2 Entrepreneurship Education as required core curriculum in our schools from 4th grade to 12th grade. If we simply educate our youth on how to become effective entrepreneurs, we can change the face of our economy down the road.

As a community working together, we can make this happen.  Parents, teachers, students, businesses, neighbors, friends, government leaders, nonprofits, concerned citizens need to push for E2 to become core curriculum in K-12 education.  We need a new generation of adults leaving high school with the ability and desire to create small businesses and jobs, ideas, and innovations. We’re not going to get that if we don’t expose our youth to the mere idea of it.  Entrepreneurship IS an option.

 Sign the petition, let’s create solutions. 

E2 Entrepreneurship Education Petition

 

 

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By 2040, the Chinese economy will be at $123 Trillion.  China’s share will be 40%, America’s share will be 14% and the European Union’s share will be 5%.”   – Robert Fogel, Nobel Peace Prize winner

Since the recession of 2008, there has been a new global war taking form.   If you were to query the billions that live on our planet what is the #1 thing they all want from their government leaders, the answer would be an economy that provided good jobs.   Everyone in the world wants a good job.

Today, the war for jobs around the globe has trumped all other leadership activities.  If countries fail at creating jobs, their societies fall apart. Countries, and cities will experience suffering, chaos, and eventual revolution.  This is the new world that leaders confront. This can be seen as much at city level as it is at the country level.  Look at post-recession Detroit, MI; or Cleveland, OH.

Occupy Movement: Dear 1%

Photo Courtesy of CNN

Consider the recent “Occupy” Protest movements that sprung up in New York and major cities across America and the globe.  Basically these protests came down to jobs and the ability for folks to provide for their families, it came down to hope for the future.  The fact is the majority of people around the world want jobs.

This is a change from the past century, where the number one thing citizens expected from their leadership was food, shelter and security.  Today that number one desire is simply good jobs. These protest movements, which were for the most part peaceful, are just a sliver of what is to come for countries and cities whose leadership fails to understand this new economic reality and this new global war for jobs.   Folks around the world want and expect their leadership to make the right decisions, which allow for economic growth, job creation and stability in their countries, cities and communities. Take that away to a high degree and the recent “Occupy”  protest movements will seem like a walk in the park and instead government leaders may experience widespread havoc, violent protests and even attempts at overthrowing their entire government leadership.  Similar to what we have witnessed recently in many of the Arab countries, like Egypt, Syria, Libya, where entire government leadership was forcibly thrown out.  Or Spain, where youth unemployment is also rampant.

This new leadership problem faced by many countries, including America, is stemming from an increasing number of people in various cities and around the entire globe that are miserable, suffering, and are dangerously unhappy because they have a dismal future and no sight of a job or hope.

Joblessness is the core drive for national hopelessness.

Occupy Movement

Photo Courtesy of Mario Tama/ Getty Images

Take away a person’s hope for the future and you risk revolution and revolt, violence and chaos.  And if this happens to a collective high number of people in any given city, state or country, government leadership will likely be changed through force or other means.

The global war for jobs is similar to WWII, where competing countries were fighting for, basically, world leadership.  But this new global war will not be won by military might, it will be won by jobs and GDP.

The global war for jobs (and GDP) will determine the leader of the Free World. 

GDP World Estimate Chart- 2050

Estimate for largest economies in 2050. Courtesy of PricewaterhouseCoopers study on January 2011

If the U.S. allows China or any other country to out compete it, out innovate it, out job create it, out GDP it, that changes everything. This is America’s next war for everything.  It is happening now and it will continue to unfold for the next 30 years.  By 2040, a winner of this war will be determined. Wherever the world’s most talented brains, entrepreneurs, and shakers-n-movers choose to migrate, is where economic empires will rise.  These explorers migrate to cities that maximize entrepreneurship opportunities, innovation and skill.  Areas like Silicon Valley, Seoul and Singapore have become colossal global successes in entrepreneurship and job creation.  When the talented explorers, entrepreneurs, adventurers of the next generation choose your city, or country, you become the “holy grail” of global leadership, attracting new brains, new talent, new entrepreneurs, thus job creation.

Note:  While 52% of Americans believe China has better economy than the U.S., this is mistaken.  The U.S. has the highest GDP in the world at $16 trillion (25% of the entire global GDP.)  China is still at $6 trillion (10% of global GDP.)  However the gap is closing fast.  While post recession U.S. GDP is growing at only 2%, China GDP is growing at 10%.

GDP is the biggest determining factor of future jobs,  tax base, brain gain/drain, spending and everything else, including future global leadership. If these growth rates did not change China would be the leader of the FREE WORLD in approximately 30 years, around the year 2040.

Chinese will reign the Global GDP, without ever using its military

China will reign the Global GDP, without ever using its military.

 

The golden rule will then apply.  He who has the gold, rules the world.  And that will be the end of the great American Democracy.  History books will say it lasted from 1776 to 2040 and then it was overrun by Chinese “market-based” communism.

America will be overrun by China unless there is a big, bold economic miracle!  But there is a solution, one big, bold idea that will turn the tide for America, if acted upon right now.

Entrepreneurs Ideating and InnovatingWe need to create more Entrepreneurs in America. Let me repeat that.  We need to create more Entrepreneurs in America. 

When there aren’t enough start-ups, or when too many small businesses (entrepreneurs) fail, job creation fails.  And when job creation fails, a country fails.  If you have an “undersupply” of Entrepreneurs in a country’s population, you will then have an undersupply of jobs. So, the question is, how do we create entrepreneurs and more jobs so that we can sustain our GDP growth and sustain our global leadership position?

 Very few Americans are aware that it is small businesses (Entrepreneurs) that create 75% of all new jobs, the other 25% is from medium sized companies.

Large corporations almost have ZERO contribution for new net job creation in America.  In fact most large corporations will actually continue to decline in any new net job creation as globalization continues to attract moving jobs overseas.  This trend will not reverse.

Beat brain-drainEntrepreneurship and invention, is what drove America to be the global leader in GDP in the 1970s, 80s, and 90s.  This is the one blind spot that current economic models, politicians and government education leaders are overlooking, yet it is so obvious. If it’s jobs our country is looking for, America needs to create an Army of Entrepreneurs!

Entrepreneurs are responsible for 75% of all new job creation in America. Creating a new generation of Entrepreneurs will spark new products, services, new technologies, entire new industries, new exports, vastly increasing the growth rate of our current GDP, and this will also create new types of jobs and opportunities for America.

So how do we create a new Army of fresh minded Entrepreneurs across America on a massive scale, and thus more job creators, job creation, and save America from China? We need to create more Entrepreneurs.  And they’re sitting in our K-12 schools today.

We need to pave a way, a roadmap, in our K-12 public schools that creates hundreds of thousands, if not millions, of new entrepreneurs by 2020.  We need a new curriculum that exposes them to the traits of Entrepreneurship, the option of Entrepreneurship, and the concept of Innovation.  We need to create a massive synergy of entrepreneurship and invention on a grand scale, and we need to do it NOW.

“If Entrepreneurship is the engine of our economy, creates jobs, determines GDP and puts food on tables, and ultimately determines global leadership, why aren’t we teaching it in our K-12 schools, as a required core curriculum, no different than Math, English or Science?” - Anthony Delmedico

Wake up America.

America will need 21 million new jobs added by 2020 in order to return to full employment, this is only going to happen by launching a massive entrepreneurial education effort in all American public schools immediately, or at a minimum by 2013.  We cannot afford to wait any longer.   This momentum and energy of new entrepreneurs will allow America to increase it’s GDP, winning the global war for jobs, sustain its role as the global leader, and put China in check.

This new, bold plan for Entrepreneurship Education has a name and a brand:  E2 (entrepreneurship education) as required core curriculum in our K-12 schools (4th -12th grade). Teaching E2 (entrepreneurship education) and exposing our youth to entrepreneurship activities starting in the 4th grade and expanding to the 12th grade will create generations of new Entrepreneurs across America and in full swing by the year 2020.   This new raw human and American burst of energy will spring thousands of new entrepreneurs, new products, new technologies and even entire new industries which will infuse our economy with 21 million new jobs by 2020, returning America to full employment.

The true momentum of this effort will be felt from 2020 to 2030, where America will experience growth to such a magnitude, I can only compare it to what America experienced during the Industrial Revolution, except we will call this the Entrepreneurial Revolution.

America retakes the World and the global war against China by taking our country’s entrepreneurship and innovation up several notches. Perhaps we’ll even experience exponential growth due to the immeasurable magic that will be unleashed in form of imagination and willpower from a new Army of Entrepreneurs across America.

Fact:  One of the toughest, most difficult, and scarce supplies of talent in the world to find is Entrepreneurship.

We simply do not have enough to fight in the coming global war.  In many schools, cities and communities around America, Entrepreneurship is still a mystery or “black box” to so many young adults and now millions of baby boomers exiting corporate America.

Fact: We have a “brain-drain” occurring on a massive level across American public schools and it is going to have profound effect on the future of America.

Yes we are getting dumber folks!  Financial literacy is actually worse today then it was 20 years ago.  In 1997, the average score on a 31-question financial literacy exam was 57%.  In 2008 the average score was 48%.  Surveys show that only 16 states require testing in economics and only 13 require a personal finance class.

The result?  Most high school seniors (adults) don’t know how to balance a checkbook, pay off debt, how to choose the right mortgage, many don’t how to financially fend for themselves.  Students around the globe are surpassing America students in many areas such as Math and Science.   And the often-ignored statistic is, most American students don’t even know what the word “entrepreneur” means.  And our country was founded on Entrepreneurship and the American Dream!

  • Today’s twenty some-things hold an average debt of $45,000 which holds everything from credit card debt to student loans to mortgages.
  • There are roughly 60 million students enrolled today in our K-12 school system (grades 4th grade to 12th grade).
  • 30% of that 60 million will drop out before graduation.
  • Roughly, 1.2M teens drop out of American schools annually, most drop out due to subject matter not being relevant to real life, which basically means they don’t have hope for the future.   75% our nation’s growing prison population are high school drop-outs.

They simply have not connected the dots.

E2 reduces teen drop out rates, thus reducing incarceration rates, and provides a path to the American Dream to all students regardless of a college degree.  Let’s face it, only 25% of all high school grads go on to earn a college degree. Some are not cut out for college academia, some simply cannot afford it.  Providing E2 will provide an alternative path to success, thus allowing students at a young age to truly “connect the dots”.

The picture doesn’t get much better for those that go on to pursue a college degree.  Today, there are 2.4 million college grads whom can’t find jobs in their fields of study.  They are broke, in debt and many are living back at home with good old mom and dad.  And they are pissed off.  Many participated in the recent “Occupy” protest movements across the country.

As important as reading and math and social studies and science, I think today more than ever financial literacy has to be part of that. To continue to have a population that is relatively illiterate in these matters I think has real negative consequences to our democracy.We have a long way to go as a country. There has been a devastating cost to a lack of attention, urgency and seriousness of taking this on. “- Secretary of Education Arne Duncan to the Presidential Advisory Council regarding K-12 Financial Literacy test results, noting that the recent housing crisis, low savings rate and poor retirement planning on all flow out of the financial literacy issue.

While world leaders and America’s leaders and politicians are spending and pouring billons of dollars into Innovation, they are “missing the boat” on creating and developing Entrepreneurs.

Secretary Duncan should have been more blunt and stated that America is experiencing a brain-drain on a massive level and our education system needs a complete overhaul. Our government is completely missing the boat that the Army of Entrepreneurs that America needs to save our future, create financial literate adults, and future generations of savvy innovative global competitors is sitting in our K-12 schools today.

Innovation without Entrepreneurs is like a bowl of cornflakes without the milk.  Not many folks would eat those dry cornflakes.  The rare value is the connection the Entrepreneur makes between innovation and the customer.

The Entrepreneurs create and drive the business model that allows that innovation or invention to reach the customer, which then creates sales and profit. America needs to create an Army of Entrepreneurs!

Ford Assembly Line in 1913Case in point, Henry Ford. He didn’t actually invent the automobile.  He invented a better way to manufacture automobiles and sell automobiles to the middle class. Without Ford’s entrepreneurship, cars would be useless to most people. America needs an Army of Fords, Gates, Zuckerbergs, and Jobs today.  That Army is sitting in our K-12 schools today. America needs to focus on creating new generations of world-class Entrepreneurs.

It is interesting that an educational psychologist can rank an auditorium full of students on their ability to learn and get good grades with nearly 100% accuracy.   But they are clueless in how to rank those same students as successful entrepreneurs or how well any individual student would do in the world of Entrepreneurship.  While our education system has nailed the process for developing the best learners, America is still in the dark about how to cultivate the best entrepreneurs.  We have forgotten about teaching the thought process that drives innovation.

Thus, we have a massive “undersupply” of Entrepreneurs in America which is leading us to a massive undersupply of jobs, slower GDP growth and thus on track to lose our place as a global leader to China.

The only way for America to reverse this trend, this “brain-drain”, and launch an Army of Entrepreneurs that will win this new global war and save America’s future is to launch E2 (Entrepreneurship education) in our K-12 schools. Government leadership must require from the top down that entrepreneurship education become a required core curriculum in our (K12) public schools, a course no different than Math, English or Science. Teaching entrepreneurship education (E2) and exposing our youth to entrepreneurship activities starting in the 4th grade and expanding to the 12th grade will create an Army of new Entrepreneurs across America and this new Army will be in full swing by the year 2020.   This new raw human and American burst of energy will spring thousands of new entrepreneurs, new products, new technologies and even entire new industries, and will infuse our economy with 21 million new jobs by 2020.

The true momentum of this effort will be felt from 2020 to 2030, where America will experience growth to such a magnitude, I can only compare it to what America experienced during the Industrial Revolution, except we will call this the Entrepreneurial Revolution.

In summary then my friends, this is precisely why teaching kids entrepreneurship in our (K-12) public schools will ultimately determine the next global leader.

Wake up America!  Sign my E2 Petition for Entrepreneurship Education.  We can still make this a reality, but we must act now. Every signature matters! Your signature matters!  Repost and ask others to do the same.  Let’s do this!  America’s future is at stake.  Want to learn more? Click here for more information on the E2 Petition for Entrepreneurship Education or visit http://www.e2petition.com  

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Can Entrepreneurship Be Taught? Absolutely.

by Anthony Delmedico on May 11, 2012

“The only source of knowledge is experience.”

– Albert Einstein

There is a growing amount of media debate on whether Entrepreneurship can be taught.  Can it be taught?  Absolutely. Just like Math, English, or Science. Will each and every student excel at it? No. Just like Math, English, or Science.  The real question is, why isn’t Entrepreneurship being taught?  And I’m not talking about college, I’m talking about starting in elementary and going on to high school.  The key to a well-rounded education is exposure to a multitude of subjects that also offer the life skills needed for real-life situations.

“If Entrepreneurship is the engine of our economy, creates jobs and puts food on tables, why wouldn’t we place as much emphasis on it in our public schools as we do Math, English and Science?”

This debate is all over the place, only asking the one question, “can it be taught”.  Hopefully, after viewing the video above, you see that different questions need to be asked to achieve solutions to the many problems facing our youth today.  Any subject can be taught, not everything can be mastered by all, nor should it be, or we’d have a world full of one thing and not the other.  The key is, with Entrepreneurship education, our youth will learn the valuable skills of financial literacy, money management, critical thinking, creative problem-solving, and decision-making.  These are the skills we use every day in life. These are skills that once obtained, help us make better decisions.

Where to learn these skills?  Let’s start in school.  Our current K-12 educational system offers a one-size fits all approach.  Yet there are a variety of unique learning styles out there.  There are a multitude of aptitudes and interests out there.  The key for our youth is EXPOSURE. If they never have the opportunity to try it, they won’t know or realize their true calling or full potential.  And they’re never going to gain the above mentioned skills in a setting that has a sole purpose of achieving standardized test scores.

I recently began a petition for education reform called E2: Entrepreneurship Education as core curriculum for grades 4-12 .

Bill Gates on Education Reform

 “Many of us are born Entrepreneurs. But unfortunately many of us were trained out of this “natural ability” while growing up. We were taught how to think, act, look, dress, behave, take tests, get good grades, get a job, get married, buy a house, etc., but very few of us were taught how to create, or better yet, how to unleash our ideas and imagination into tangible realities. Nor were we given the freedom and confidence to do so”.  

Entrepreneurship should be a required course for all youth in America starting in primary school. Entrepreneurship taught as core curriculum will launch a new generation of Entrepreneurs across America, creating millions of new jobs and industries and launching new generations of innovators who can compete in the ever-changing global sphere.  And teaching all kids that this is an option, a choice, just opens up the floodgates of innovation.

Whether they become Entrepreneurs or not, the skills gained via the experience that include brainstorming, creative problem-solving, risk, financial literacy, the art of negotiation, project management, customer service,  will follow them on any career path.  Knowledge and experience can never be taken away.

Find out more, ask questions, seek solutions.  Join the movement, sign the petition for E2 Entrepreneurship Education for our Youth:

Sign the E2 Petition

 

 

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The lack of financial literacy education is rampant in our country.  Housing crisis, student loan debts, high mortgages, living beyond our means are all symbols of this plight.  Why aren’t we teaching basic, practical day-to-day financial literacy, like balancing a checkbook and paying off debt, in our schools?

Financial Literacy

  • Surveys show that only 16 states require testing in Economics and only 13 require a Personal Finance class.
  • Student loans are now second only to home mortgages as the biggest debt Americans are holding.
  • Let’s add to that the nationwide unemployment rate,  lack of employment opportunities and growing frustration over the economy.

The only way most Americans know how to make a dollar stretch is by pulling out the plastic, the credit card.Credit Card Debt

  • The average credit card debt per household is $16,000 according to the Federal Reserve.
  • Today’s twenty-somethings hold an average debt of $45,000 which includes everything from credit card debt to student loans to mortgages.
  • In 1997, the average score on a 31-question financial literacy exam was 57%.  In 2008 the average score was 48%.

Fail! But we’re only failing ourselves.  And by continuing to not pass on the knowledge we don’t have, we’re failing our kids too. 

After assessing test results over the last 3 years, Secretary of Education Arne Duncan recently stated:

 “We have a long way to go as a country. There has been a devastating cost to a lack of attention, urgency and seriousness of taking this on”, noting that the recent housing crisis, low savings rate and poor retirement planning on all flow out of the financial literacy issue.

In a story with Time, Arne Duncan added, “As important as Reading and Math and Social Studies and science are, I think today more than ever Financial Literacy has to be part of that.”

Though people in America have struggled for decades with applied knowledge and use of making financially sound decisions, our education system hasn’t done much to address the gaps.  Not even in higher education, much less K-12. Arne’s comments hit the nail on the head, but how long will it take to get there?

The Solution?  E2: Entrepreneurship Education as core curriculum for grades 4-12.

E2: Entrepreneurship Education as core curriculum for grades 4-12A curriculum that includes classes on Entrepreneurship would cover Economics, Personal and Small Business Finance, basic day-to-day Math, how to make a transaction, study a deal, and think about the outcome of a potential deal. I wonder how many students get their college loans and have no idea what their interest rates are?  I recently heard from a teacher, who holds a Masters degree, that after she graduated she had no idea what her student loan interest rates were, how to lock in at the lowest rate, or what it would take to pay off that loan.  How about all those who lost their homes in the housing crisis?  Left the keys at the bank’s front door because they got in too deep in their mortgages?  Can’t blame it all on Wall Street.  As citizens, we need to know how to calculate our earnings, live within our means, and what a realistic payment is.

If we start our kids at a young age how to think and act before making the day-to-day transactions,  teach about the short and  long-term value of money and how to use it wisely, we would have a whole nation of financially literate citizens.  This common sense methodology could be taught in Entrepreneurship courses.  We’d have new generations of money savvy adults, no matter what field or career path they choose to go into later in life.

Students would learn these skills in a hands-on meaningful way as they would be applying these abstract math principles to actual fun small-business ventures that they and their peers launched right in their classrooms.  If they lose in the classroom, hey, it’s better than losing a home, a retirement account, or blindly stumbling into default status in credit card debt or student loans at high exorbitantly high interest rates later in life.

It’s time to start preparing our kids for “real life”.  Let’s prepare our youth for the future, and instill money savvy skills that will carry them through all facets of their lives. Join the Movement.  Sign the Petition to create positive change in our K-12 Education System and help create new generations of financially savvy adults.

E2 Petition for Entrepreneurship Education as core curriculum for grades 4-12

 

 

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Personal Letter from Anthony

by Anthony Delmedico on March 28, 2012

Hello there fellow Americans!

I thought I would share some personal information and stories with you on how and why I am launching E2 and how it can help turn the tide for the next generation and the future of America.

My name is Anthony Delmedico.  I have been a serial entrepreneur since the age of 10, a military veteran, an author and today a CEO to several successful multi-million dollar companies which I started on my own.  I am also a father to a 6 year-old girl.  I am launching the E2 Petition because I am very concerned about the current K-12 education system provided to our kids, how prepared they are for the real world as young adults, our overall economy and the future of America.  I am a strong advocate for our youth and believe we need to offer them creative ways of learning and give our current education system a complete overhaul.

As many of you already know, we are at a pivotal moment in the history of America:

Record levels of unemployment and high inflation

  • Record teen drop out rates (1.2 million teens drop out annually)
  • High juvenile crime rates and young adult incarceration rates
  • 2.4M college grades can’t find jobs in their fields of study
  • College students in debt up to their eyeballs
  • Globalization continues to drive jobs overseas
  • Corporate America and Wall Street greed
  • K-12 schools failing to prepare students for the real world

 It is time for bold action to reverse these negative statistics.  

I am proposing a concept, an idea, a movement called E2: Launching Entrepreneurship Education as core curriculum in our public schools in 4th grade to 12th grade.   Recently, I spoke in Washington and have launched a  Petition asking the President and Secretary of Education to use their powers and mandate this curriculum into a reality to change our failing public school system.  E2 will launch new generations of Entrepreneurs across America, create 21 million new jobs by 2020, reduce high school drop out rates, juvenile crime rates, and help return America to full employment, putting our economy back in the global seat as the number one innovator.

Allow me to share a bit about myself with you and how and why I think E2 is necessary for today’s youth and the future of America:

Although today I am a successful entrepreneur by most standards, getting here was not an easy journey.  I had no family money, no startup capital, and worse, no working blueprint on how to start a business from my schooling as a kid (K-12) or later on even from my college/MBA program. I learned how to be an entrepreneur the hard way over the last 30 years.

I was raised by a single mother with 2 sisters and we went through some tough financial times growing up.  I started my first business when I was 10 years old.  From 10 on, I started several kid businesses ranging from neighborhood drink stands to washing cars to you-name-it.  If I thought I could make money from it, I tried it.  Although I was a kid entrepreneur, I had no idea what the word entrepreneur meant at the time.  I just liked playing with my friends and making money, because back then…we didn’t have any!  But as a young kid entrepreneur, I was learning the value of money and gaining a confidence factor about myself that would benefit me for many years to come.

At age 13 and on, I yearned to learn more about Entrepreneurship.  I can remember asking my teachers why they didn’t teach kids how to start their own business in junior high and high school.  I was bored at school with traditional academia.  Although I did get good grades, school just wasn’t creatively challenging for me.  The combination of a tough family life and lack of a creative outlet in school led me to start hanging with the wrong crowd and to start seeking the wrong sorts of challenges.  I ran away from home several times and ended up in various foster homes, juvenile delinquent centers, and boys homes.  By the time I was 16 I found myself at a boys home chopping wood in the snowy backwoods of Northern MN, while my classmates were back at school.  I remember a counselor at the boys home looking around the room and telling us “juvenile delinquents” that “In the next 10 years, 9 out of 10 of us boys would either be in prison, dead or addicted to drugs”.  I decided right there and then to turn my life around and use the talents, skills and intelligence I had for postitive things. To create and to have a passion for life.  I graduated from the boys home, returned home and set out on a new course in life.

At the same time I returned home, age 17 and back in full-swing in High School, I came across Junior Achievement, an afterschool program that teaches youth about running a business.  I was fascinated.  I learned that starting businesses was something folks did for a living. I remember wondering why my school wasn’t teaching me and other students this?  The experience at Junior Achievement inspired me to learn more. I saw the world in a whole new light. I earned President of the Year award with my JA group and kids at school started referring to me as “Wall Street.”  If you knew what they called me when I was 14, you would see this was a big improvement.  Those early entrepreneurial experiences encouraged my confidence, and ignited my ego to re-think who I was, and what I was capable of.

I wanted to learn more, but that meant going to college.  With no money to attend college, I joined the military, served during the Gulf War, and later took advantage of the Army College Fund.  I went on to earn my MBA from one of the top 25 Business Schools, the Carlson School of Management.  Interesting story about grad school:  About 6 months into my MBA program, I found out that my Army college fund was running out.  So I was faced with a dilemma: drop out of my MBA program and “get a job” or find a way to make money to stay in school and provide for myself.

I literally had to start a business in order to stay in grad school.    So I looked around and found a weekend business to start and was needed that wouldn’t take away from my studies.  I started a valet company.  On any given Friday and Saturday night I probably had up to 75 valet drivers working at various bars/restaurants across the city.  You know, I learned more from launching that weekend valet company than I did from a $100k MBA degree.  I don’t regret the degree, but do wish the MBA program had provided more practical hands-on entrepreneurial classes and curriculum.

Post MBA, after being disenfranchised with the cubicles and upward mobility of Corporate America, I eventually started a construction business in my basement that grew to operations in 8 states and after ten years of hard work provided me the financial independence and the time to author books and invent products for both young kids and adults to learn and experience Entrepreneurship.

You know, looking back on it all now, it was those early experiences I had as a kid entrepreneur that motivated me to stay in school, learn more, become interested in Junior Achievement later on, as well as become interested in going to on to college, hence my desire to pursue an MBA degree.  Those early childhood experiences also gave me the confidence factor, and that’s an important term to remember – the confidence factor – that I needed to later on to start businesses as a young adult, which allowed me to stay and finish grad school.  I wouldn’t be where I am today if it hadn’t been for that early exposure to entrepreneurship. It was my kid entrepreneur experiences that made me what I am today and allowed me to achieve the American Dream regardless of some of the tough circumstances I faced growing up.

I feel so strongly about those early entrepreneurial experiences and how important they were to my life, that I launched an educational line of books and products to teach kids about entrepreneurship. Recently, I decided that wasn’t enough, after trying to shake up school curriculums and budgets and standardized test scores often seemed like a no-win battle uphill.  The concept of exposing our youth to entrepreneurship was falling on deaf ears. So I went to Washington D.C. to deliver a keynote speech where I presented the concept of E2 in November 2011 to delegates at the Future of Entrepreneurship Education Summit.

While E2 Entrepreneurship Education as core curriculum in our schools sounds like a good solution, it has not been a priority to our government or education leaders.  Despite recent government spending and attempts at creating jobs, entrepreneurship education has simply not been brought to the table as Congress argues about the best path to economic recovery and to rebuilding our education system.

  “If Entrepreneurship is the engine of our economy, 
creates jobs and puts food on tables, 
why wouldn’t we place the same emphasis on it in our 
public schools as Math, English and Science?”  - Anthony Delmedico

 

As an entrepreneur, and a father, I think it’s out duty to make sure that entrepreneurship in not a black box, not a mystery to the next generation.

Imagination and will is the creed of entrepreneurship, it is what built the foundation of America. We need to plant those seeds again. And those seeds start with E2 Entrepreneurship Education as Core Curriculum in our schools.

We can do this, but we need your signature and support!

 

Sincerely,
Anthony Delmedico

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Letter from President Obama

by Anthony Delmedico on March 26, 2012

I received a letter from the President following the recent speech/petition I gave at White House… demanding our government education leaders mandate entrepreneurship education as a required core curriculum in our schools (4th grade to 12th grade). Folks are listening, momentum is growing. Online Petition coming soon…. Help America? Raise Entrepreneurs!

 

“If Entrepreneurship is the engine of our economy, creates jobs and puts food on tables (as statistics show and our politicians point out) why isn’t the same emphasis placed on teaching it in our (K-12) schools as Math, English and Science?” – Anthony Delmedico

To view the full speech:  http://www.youtube.com/watch?v=xf1LJRGp2Vw

 

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