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Social Entrepreneurship in Education - How Entrepreneurs can help in Education - YouTube
Channel: TRUiC
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- [Narrator] The education industry
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is full of business opportunities
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which could improve the
significant problems
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throughout the system.
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Let's look specifically at
what these problems are,
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how entrepreneurs have
already begun addressing them,
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and how an entrepreneur like you,
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could contribute your own ideas.
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Since 2007, the National
Assessment of Educational Progress
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has reported zero progress in
America's education system.
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Educational productivity of the late '90s
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and early 2000s posted record high marks.
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But now it's been almost 15 years
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since our national stagnation began.
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How do our students fare?
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They struggle to thrive in a world
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they haven't been remotely prepared for.
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During the industrial revolution
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students were processed
in bulk like a factory
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to prepare them for
relatively simple futures.
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Over the years, innovation
and expansion on these systems
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have been suppressed by the pressure
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from standardized performance markers.
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The US can't afford to
keep making zero progress,
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since this stagnation leaves
us prime to be surpassed
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in the fields of medicine,
technology, global leadership
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and even happiness by
players across the oceans.
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Schools in the US are
now spending $8.4 billion
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on ed tech annually in
an attempt to keep up.
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But $5.6 billion worth of
investments are completely unused.
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One student in need of a tailored
solution was Amir Nathoo.
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Having grown up in the mid '80s,
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coding and computer science
classes were pretty rare.
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At age five, he dabbled with basic coding
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on an eight bit computer.
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Amir's interest grew from that little seed
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but he had no one to guide his passion.
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- And then they found me
a mentor outside of school
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when they realized my interest.
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And that more than anything
has influenced my career.
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- [Narrator] The organization
he started decades later
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Outschool offers 50,000
live online classes
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and has made $45 million
in teacher earnings
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over the past three years alone.
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Outschool now inspires
the world's learners
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by providing virtual
individualized learning activities
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led by a teacher of the family's choosing.
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Launched in 2017 by
Amir Nathoo, Nick Grandy
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and Mikhail Seregine, Outschool
allow students to accelerate
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their learning and discover
topics independently.
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- Learning can come from
many different sources
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and that includes professional teachers
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but also includes amateurs and mentors.
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Teaching should be everyone's second job.
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- [Narrator] As the country
attempts to break free
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of the mold, especially right now,
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communities search for
more voices to actually
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bring those changes.
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How can your voice make a difference?
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Entrepreneurial minds
are uniquely positioned
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to act on these problems,
especially when they stay engaged
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in their communities and
listen to real needs.
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How can we begin?
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By identifying those pain points.
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There isn't one sweeping answer
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because there isn't one
problem or one type of learner.
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When thinking about what
you can do, ask yourself
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what topics could students
be shifting their focus to?
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How do they best learn?
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What are they doing when
the school day is done?
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How do factors like diet and
exercise affect learning?
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All of these problems are opportunities
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that require active solutions.
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That's just the start.
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Homeschooling parents need assistance
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with difficult subjects.
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Students need extracurriculars
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and summer programs that
can train and occupy them
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in productive ways.
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And more traditional
schools need thinkers, tools
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and technology to help them adapt.
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- We see so many problems and
opportunities in education
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that we try and tackle everything at once.
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And startups know that you have to start
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in a very, very small way in
order to make anything happen.
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And action is far more
important than big plans.
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- [Narrator] Trade and career
skills are a solid example.
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Research has made clear
that career readiness
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is a vital component of education.
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However, only one US
state requires students
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to complete a career readiness course.
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Consider selling bundled
lessons on real world skills,
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which 81% of recent high school dropouts
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say would have kept them in school.
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What skills would help students?
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What else do they want to learn?
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Consider offering subjects
that traditional schools
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cannot or do not have.
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Home economics, nature activities
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and communication workshops
can allow children to exercise
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their brains while having fun.
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The amount of potential
here can be daunting
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but here are the five
steps to actually start
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a business of this industry.
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One, research.
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By watching videos like this
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and diving into studies,
you're already doing it.
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Nice job.
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Canvas your community to find needs nearby
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and identify problems you
already have experienced
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navigating.
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Explore these rabbit holes too,
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which can help you get to
know the industry better
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and learn how different
sectors can be served.
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Social-emotional learning,
self directed classes,
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e-learning systems, career
guidance, college alternatives,
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unique internships, school nutrition,
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understaffed industries,
inequality with access to tech,
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afterschool programs near
you, education in daycares.
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Multiple studies show that nutrition,
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social-emotional learning, less lectures,
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and more contribute to performance.
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Two, rough out a business plan.
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We have templates on our
website to keep things quick
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and easy.
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You'll begin narrowing down your audience,
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discovering your voice and brand,
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making decisions about monetization models
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and sketching out your business structure.
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Business plans are
considered living documents,
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circle back to it as you plan and grow.
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Three, brainstorm some names.
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This isn't just vanity.
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It will need to be decided
before registering your business
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or even to secure funding.
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Names are also a great rallying
point to keep you excited,
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and gauge others interest.
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Make sure the name has an available domain
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and social media accounts.
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Here are some ideas we generated
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just for you to get things rolling.
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Four, when your name
and branding is settled,
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make it official by
registering your business.
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We generally recommend an LLC,
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but check out our guide to
discover the other options.
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Five, get your licenses,
permits and insurance.
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In homeschooling and private settings,
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there actually aren't formal
licenses in order to create
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extra materials or courses in most states.
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Each state does have their own guidelines
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when it comes to preparedness standards
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or offering class credits.
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Partnerships with secondary schools,
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established organizations
or brands may help you
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sell your services as there'll
be seen as more credible.
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Essentially show results from
your students year after year
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and make parents happy.
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Double check with your
township, city, state,
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smallest to largest to make
sure there are no other
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certificates you may need in your area,
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since every location in the US
has totally different rules.
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Think about who needs
your support the most
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when thinking about
starting your business.
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On the Outschool
platform, 500,000 learners
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from over 200 countries,
unite in small diverse groups
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led by one passionate teacher
to unearth shared interest.
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What can you pass on
to the next generation?
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Small businesses are the
lifeblood of every community.
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We want you to be passionate and prepared
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for a lifetime of entrepreneurship.
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If you're looking for more inspiration
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we made some free tools to generate ideas
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find a name and form your business.
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Find free resources and
guides at truic.com.
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