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Youth Entrepreneurs: Teaching students about business, with a local focus

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The phrase “youth entrepreneurs” often brings to mind technologically savvy young people in hoodies looking for investors for their app or startup. But the organization Youth Entrepreneurs is changing that perception, and bringing it from Silicon Valley just a little closer to home.

“We are really helping students look internally, helping them develop their innate skills, so that they can build upon those passions and contribute to society. So it’s a little bit different of a definition,” said Kylie Stupka, president of Youth Entrepreneurs. “We’re trying to help them determine where it is they see their unique fit in life and how it is they can use entrepreneurial thinking to solve problems. So we like to define entrepreneurship is solving problems for profit, and we’re doing that through and with students, traditionally in the high school and middle school education space.”

The program promotes entrepreneurial values, like responsibility, principles and sound judgement, among others, while educating students about economic and sociological concepts that can help them become more productive members of their communities. These can range from ideas like opportunity costs to theories of human action.

“it’s not just your traditional ‘here’s how you start a business and here’s the practical skills and tools that you need to do so,’ although those are intertwined,” Stupka said. “It’s very much about the theory and the mindset and how it is you can approach any type of opportunity through this lens, whether it be just in decision making at home or decision making within whatever type of situation or institution you find yourself in at that moment.”

Read more @ WTOP

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Entrepreneurship

How Entrepreneurs Are Connecting the World With IoT

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Some have dubbed the Internet of Things, or IoT, the “Intelligence of Things,” and even the “Internet of Everything.” Whatever they call it, there is no doubt that IoT has been steadily emerging and shaping our future. Put simply, IoT eliminates the need for human interaction with other humans or computers to transfer data. 

IoT already has numerous uses — smart homes, connected cars and smart retail to name a few — and it is expected to have an even larger impact on our lives in the future. Gartner reports that in the year 2017, there were more than eight billion IoT-connected devices in the world, while in 2018, that figure surpassed nine billion. It is expected that in 2020, IoT-connected devices worldwide will close to 21 billion.

Read full story @ Entrepreneuer here >>> https://www.entrepreneur.com/article/341451

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Entrepreneurship

The 6 Best Books of the Year for Entrepreneurs (They Make Great Gifts, Too)

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I read about 75 nonfiction books a year. As an author of nine of my own books, I must stay current on what the greatest minds in business are thinking. When a title really sparks my imagination, I contact the authors directly. But I only write about books that teach me something new.

Each of these books taught me something new. I’m sure they’ll inspire you, too. The hardcovers also make great gifts for the entrepreneur on your holiday list.

1. Edison by Edmund Morris

Thomas Edison didn’t just invent the light bulb. He averaged one patent for every 10 to 12 days of his adult life. Edison is the last book written by Morris, a Pulitzer Prize winning biographer who died in May. The book runs close to 800 pages (and gets very technical in places), but it’s a great read for inventors, scientists, and anyone who has a keen interest in the hard sciences and the history of inventions. 

The passages in which Morris describes what it was like to listen to recorded sound for the first time (Edison invented the phonograph) or to see a world illuminated by electric light are reminders of why entrepreneurs do what they do. Light bulbs were “globes of glass that gave off no fumes and sooted no ceilings.” When people heard the phonograph, a “miraculous machine” that recorded and played back a human voice, most couldn’t believe it. “Since the dawn of humanity … the human voice was a product of the body and therefore must die too … but here now were echoes made hard, resounding as often as anyone wanted to hear them again.”

If you choose to listen to the audio book of Edison, you know whom to thank for it.  

2. That Will Never Work by Marc Randolph

In That Will Never Work, Netflix’s co-founder tells the story of how Netflix went from concept to company–and how it nearly didn’t make it. It reads like a novel full of ups and downs, failures and successes.

One memorable story is the time Randolph and co-founder Reed Hastings (Netflix’s current CEO) pitched Blockbuster about a partnership. Netflix was making $5 million in revenue while Blockbuster was making $6 billion. Blockbuster executives laughed the founders out of the room–literally.

On the flight home, Hastings was exhausted, and the two men sat quietly. Randolph broke the silence with a line that became their rallying cry. Randolph said, “It looks like we’re going to have to kick their a**.” And so they did.

3. What You Do Is Who You Are by Ben Horowitz

Horowitz is co-founder of the legendary venture capital firm Andreessen Horowitz. The book is about how to create a business culture, one of the most important things any entrepreneur must do to sustain success. “Your culture is how your company makes decisions when you’re not there … it’s how they [your employees] behave when no one is looking.”

What You Do Is Who You Are is not just a culture book. It’s one of the most intriguing history books I’ve read in the business category. You’ll learn about slave rebellions, the samurai warriors who ruled Japan for 700 years, Genghis Khan, who built the world’s largest empire, and other stories you’re unlikely to find in a standard business book.

According to Horowitz, “Companies–just like gangs, armies, and nations–are large organizations that rise or fall because of the daily microbehaviors of the human beings that compose them.”

Read full article @ Inc here >>> https://www.inc.com/carmine-gallo/the-6-best-books-of-year-for-entrepreneurs-they-make-great-gifts-too.html

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Entrepreneurship

Shaquille O’Neal Discusses Investing, Franchising, and Donuts | WSJ

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