The Power of Ownership
At NFTE, we call our programs owner-entrepreneurship education to stress the power of ownership to create wealth.
The following is an excerpt from Steve Mariotti's article on TIME.com, "Why Every School in America Should Teach Entrepreneurship":
"Disadvantaged youth are seldom let in on the connection between ownership and wealth creation. I once asked a leading venture capitalist and philanthropist, who has donated millions to helping low-income children attend private schools, “What about teaching kids the ownership skills that made your fortune so they can become financially independent?”
He responded, only half-jokingly, “But then who would do the work?”
NFTE students don’t just learn record-keeping, sales, finance, negotiation, opportunity recognition, and marketing. They also learn how to properly value and sell a business, and how to build wealth through franchising, licensing and other advantages of ownership.
Owner-entrepreneurship education empowers young people to make well-informed decisions about their future, whether they choose to become entrepreneurs or not. Our students discover that, like every individual, they already own five powerful assets: time, talent, attitude, energy and unique knowledge of one’s local market. They learn to use these assets to create businesses and jobs, and build wealth in their communities."
Read the entire article on Time Business.