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Importance of Entrepreneurship

Entrepreneurship is a key driver of our economy. Wealth and a high majority of jobs are created by small businesses started by entrepreneurially minded individuals, many of whom go on to create big businesses. People exposed to entrepreneurship frequently express that they have more opportunity to exercise creative freedoms, higher self esteem, and an overall greater sense of control over their own lives. As a result, many experienced business people political leaders, economists, and educators believe that fostering a robust entrepreneurial culture will maximize individual and collective economic and social success on a local, national, and global scale. It is with this in mind that the National Standards for Entrepreneurship Education were developed: to prepare youth and adults to succeed in an entrepreneurial economy.

Entrepreneurship education is a lifelong learning process, starting as early as elementary school and progressing through all levels of education, including adult education. The Standards and their supporting Performance Indicators are a framework for teachers to use in building appropriate objectives, learning activities, and assessments for their target audience. Using this framework, students will have: progressively more challenging educational activities; experiences that will enable them to develop the insight needed to discover and create entrepreneurial opportunities; and the expertise to successfully start and manage their own businesses to take advantage of these opportunities.

Entrepreneurship in Nebraska

Nebraska is a diverse state, geographically, economically, and demographically. The vitality of our cities and small communities depends on the ongoing spirit of entrepreneurship and willingness to not only start new businesses, but to continue businesses as current business owners retire.

Consider the following:

  • In 2006, businesses with fewer than 500 workers employed 51.4 percent of the state's private sector employees.
  • Businesses with few than 500 workers created all of Nebraska's net new jobs from 2004 to 2005.
  • In 2002, self-employed women totaled 39,000, or 31 percent of self-employed workers in the state.
  • Minority-owned businesses represented 4.3 percent of the state's businesses in 2002.

Sources:

Consortium for Entrepreneurship Education

Small Business Administration: Office of Advocacy, 2010 Small Business Profile: Nebraska