Category: Entrepreneurship

NGPF Podcast: Ty Allan Jackson and Dr. Abdullah Al-Bahrani and the story of Danny Dollar Millionaire Extraordinaire

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Feb 26, 2021
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Podcasts, Entrepreneurship, Investing
Call it serendipity. Who knew that Ty Allan Jackson's son setting up a successful lemonade stand would set in motion an amazing sequence of events? A fruitless trip to a book store in search of a kid's book about money led to Ty writing that book. When outreach to 147 publishers came up empty, Ty persisted and went the self-publishing route. Later, Abdullah would reach out to Ty and the collaboration would lead to a curriculum built around the Danny Dollar Millionaire Extraordinaire book....

Question of the Day [Black History Month]: How did Madame CJ Walker become the first American woman to be a self-made millionaire?

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Feb 22, 2021
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Question of the Day, Entrepreneurship
Answer: She invented a line of African American hair products and promoted them by traveling around the country giving lecture-demonstrations and eventually established Madame C.J. Walker Laboratories to manufacture cosmetics and train sales beauticians. Questions: What characteristics do you think Madame CJ Walker had that made her such a successful entrepreneur? Why was it important that Madame CJ Walker not only invented an important product, but also committed time and energy to share it...

Question of the Day: What is the largest Black-owned business based on their 2018 revenue (sales)?

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Feb 21, 2021
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Question of the Day, Entrepreneurship
Answer: World Wide Technology (WWT) founded by David Steward with $11.2 billion in revenue Questions:  The founder, Dave Steward, has grown WWT to 5,000 employees. What do you think are the challenges that a founder faces when managing a larger organization?  If you had the opportunity to interview Mr. Steward, what would you ask him?   What do you think are the keys to success with technology companies? Click here for the ready-to-go slides for this Question of the Day...

Question of the Day: What was the first Black-owned business listed on the New York Stock Exchange (NYSE)?

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Feb 16, 2021
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Question of the Day, Investing, Stocks, Entrepreneurship
Answer: Black Entertainment Television (BET) was founded by Robert Johnson, America’s first Black billionaire, and his company was listed on the NYSE in 1991.  Question: How does a company benefit from being listed on a stock exchange? The founder, Robert Johnson, noted that his first job was managing a paper route as a kid. What lessons do you think he learned from that experience? Why do you think BET was such a successful business?  Click here for the ready-to-go slides for...

Question of the Day: What percent of businesses fail within the first five years?

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Dec 16, 2020
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Question of the Day, Career, Employment, Entrepreneurship
Hat tip to the group in the NGPF Virtual PD: 5 Career Resources in 50 Minutes who came up with this question. Answer: About 50% Questions:  Do you know anyone who has started a business?  What do you think are the reasons that businesses fail?  Resource to help answer that question.  Does research like this encourage or discourage you from wanting to start a business?  Here's the ready-to-go slides for this Question of the Day that you can use in your classroom....

NGPF Podcast: Teachers Talking Side Hustles: A Beekeeper, Etsy seller and speciality apparel retailer

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Dec 05, 2020
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Podcasts, Entrepreneurship
Listen to this podcast and be inspired by these teacher entrepreneurs: Susan Stinson of Southern Regional Middle School (NJ), Carin Zinter of Holyoke Community College (MA) and Carrie Hentz of Hudson High School (WI). What struck me from this conversation was their fanatical level of customer service which is such a key ingredient to the success of any business. Thanks to Susan, Carin and Carrie for sharing your stories. Enjoy!  Details: 0:00~1:31 Introduction 1:31~15:34 Teachers...

NGPF Podcast: CJ McDonald on building a banking solution for kids

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Nov 06, 2020
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Podcasts, Entrepreneurship
Details: 0:00~0:58 Introduction 0:58~1:52 CJ’s background 1:52~6:25 Early money lessons 6:25~9:12 Working in sales  9:12~11:23 Importance of persistence  11:23~15:49 Lessons learned as an early entrepreneur 15:49~20:21 On starting Step 20:21~20:46 A word from NGPF 20:46~23:53 What Step offers 23:53~25:20 How much young people spend on banking fees 25:20~28:03 Credit building features 28:03~28:59 How Step makes money 28:59~33:05 On user acquisition  33:05~36:03 Starting to...

Fill in the blanks: Applications to start new businesses have __________ by ________% in 2020.

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Sep 29, 2020
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Entrepreneurship, Question of the Day
Answer: Applications to start new businesses have increased by 19% in 2020, the fastest growth rate since 2007.  Questions: What types of businesses do you think people are starting now?  Do you think it's a good idea to start a business during a recession? [here's 14 successful companies started during a recession] What are some of the risks of starting a business?  Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind...

EdPuzzle Thursday: How Do You Legally Set Up a Business?

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Sep 23, 2020
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EdPuzzle Thursday, Entrepreneurship
EdPuzzle is a great platform to test for knowledge while students watch a video and learn remotely. We will be releasing new EdPuzzle videos here on the blog each week so that your students can answer questions that are directly embedded within engaging videos.  This week's EdPuzzle video titled "How Do You Legally Set Up a Business" discusses how to build a business the right way and the differences between a sole proprietorship, partnership, LLC, and S-Corp.    Interested in...

NGPF Speaker Series: Ryan Craig and Eric Tyson Discuss Innovative Alternatives To College

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Jul 24, 2020
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Podcasts, Entrepreneurship, Employment, Paying for College
The NGPF Community was fortunate to have an amazing set of speakers this week for our latest installment of the NGPF Speaker Series. Venture Investor Ryan Craig joined personal finance guru Eric Tyson to discuss both alternatives to college and for those choosing the college pathway, strategies to keep the cost of that degree to a minimum.    Here's some of the feedback from the teachers who attended the live event: "Incredibly eye-opening session about alternatives to colleges."...

NGPF Podcast: Bolun Li of Zogo Finance on getting the incentives right to encourage financial literacy

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Jun 06, 2020
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Podcasts, Entrepreneurship
  Details: 0:00~0:55 Introduction 0:55~1:41 What Bolun does for his day job 1:41~2:20 On attending classes online 2:20~3:36 Early money lessons 3:36~4:07 Favorite personal finance book 4:07~7:20 Cultural differences in approaches to personal finance 7:20~8:51 Bolun’s first job 8:51~10:29 Idea for Zogo 10:29~11:44 Zogo’s business model 11:44~12:02 A word from NGPF 12:02~13:50 How the modules work and what they teach 13:50~16:06 Levels of user engagement 16:06~17:13 Impact Zogo...

NEW! NGPF Economics Resource Directory

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Apr 26, 2020
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Economics, Activity, Employment, Entrepreneurship, Current Events
Thanks to NGPF Fellow James Redelsheimer of Robbinsdale Armstrong High School (Plymouth, Minnesota) for his work creating this comprehensive directory for teachers looking for NGPF resources that weave Economics and Personal Finance together. By categorizing 150 NGPF resources into 11 Economic topics, this directory makes it easy for Economics teachers to find activities that are current, relevant and engaging for students.  Here's the table of contents (click to go directly to the...

NGPF Podcast: Camilo Maldonado discusses his personal finance website, Finance Twins

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Jan 31, 2020
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Entrepreneurship, Podcasts, Personal Finance
This week on the podcast you will hear the inspiring story of an entrepreneur with grit, determination and talent. Hear how Camilo overcame childhood challenges to attend the most elite universities and his motivation to start a personal finance site to educate others. Enjoy! Details: 0:00~1:40 Introduction 1:40~5:53 Early money lessons 5:53~8:34 Growing up in a motivated family 8:34~11:36 Experiencing college life at UPenn 11:36~14:52 Working at JP Morgan  14:52~17:47 Learning about...

NGPF Podcast: Educator Rob Phelan on the joys of entrepreneurship

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Jan 24, 2020
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Podcasts, Entrepreneurship
You get the sense after talking to Rob Phelan that he must thrive on little sleep. As you'll discover in this podcast, he has quite a few "side hustles" beyond his full-time teaching job at Catoctin High School (Maryland). Our conversation touches on entrepreneurship, the F.I.R.E.(Financial Independence, Retire Early) movement, his favorite activities in the classroom and the philosophy behind the curriculum that he is developing. Listen intently to his "scorecard" concept which emphasizes...

Reading List for November 8-10

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Nov 08, 2019
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Financial Literacy, Entrepreneurship, Payment Types, Credit Cards, Investing, Cryptocurrencies, Retirement
Financial and Economic Literacy People don’t know as much as they think they know about money. (Kiplinger) Teens think economics is an important subject, yet they don’t grasp key concepts even after taking an economics class. Here are some suggestions for making the education more effective. (PRNewswire) The CEO and founder of Pliquit wrote an article for Forbes encouraging banks to step in and take advantage of Gen Z’s consumption of media to fill their financial literacy...