Entrepreneurship comes with more baggage than one would expect. From designing a logo to picking a financial planner, a lot needs to be understood and executed systematically to succeed in commercial endeavors. The order of things could be particularly difficult to comprehend if you are a first time entrepreneur. Entrepreneurship training can help you deal with the business of doing business much better. This is not to say that practicing entrepreneurs don’t need help. If you already own a business, then entrepreneurship training can help you become more efficient, by filling any gaps there might be in the way you run your show.

Most training program packages offer several modules ranging from personal finance to business strategy. The popular ones include:

Finance: Money matters prey high on any entrepreneur’s mind. Only a handful would probably have all the necessary resources for investing in their fledgling business without having to borrow. Managing the investment well is crucial in order to ensure a steady source of future earnings. Entrepreneurship training programs could offer guidance on choosing angel investors, planning an investment portfolio, insurance matters, exercising prudence and so on.

Ecommerce: Vital for the survival of any business today, e-commerce has opened up huge opportunities. No new business strategy is complete without an e-business angle. Yet, there are a number of older generation entrepreneurs who are not entirely familiar with these concepts. For them, entrepreneurship training programs that concentrate on e-commerce business strategy and provide a boot camp type of training or crash course are particularly useful. is just one example of the several training options out there. Once they are ready to jump on the e-commerce bandwagon, sites like can provide very useful services.

Business development: Training programs could offer anything from tried and tested methods to innovative and fresh ideas, to help your business grow. Be it retaining employees or impressing clients, making your money grow or retrieving it in time, training programs can go a long way in addressing the needs of your business. In an increasingly competitive atmosphere, such programs prove indispensable.

Street smart skills: Many other aspects of your personality could influence the profitability of your business. You need strong negotiating skills for instance, in order to strike profitable deals with clients and vendors. Likewise, great communication skills are essential to make the right impression in the right places. Stress management techniques are critical when dealing with difficult situations. Specialists offer mentoring to develop one or more of the above skill sets. In addition, they could help you figure out your strengths and weaknesses, thereby focusing your attention on areas for improvement.

Revamping: Want to give your business a much needed makeover? Revamping is ideal if you want to keep the freshness alive at work. But you need to be careful about the consequences as well. If you are planning on changing the way a product looks, keep in mind that your customers would have grown familiar with a certain image and deviating too much from the usual may not go down well with them. Professional help could see your business through a successful makeover.

Legally smart: Laws have been strengthened and made more comprehensive over the years; as a result there are a mind boggling number of legal issues that business owners need to deal with. Staying up-to-date will keep you from running into rough weather. While resources are aplenty on the internet, you could avail of professional help from a specialized entrepreneurship training program. While on the subject, we’d like to mention that Intellectual Property Rights have assumed significance in recent years and for all you inventors out there, is invaluable!

That’s not all. Suffield University grants degrees in a number of interesting fields; take your pick. Vaughn College of Business awards degrees in Business and Entrepreneurship. Visit them to learn more. provides you with a list of online training programs. Learn about the Entrepreneurship Training programs available, at Entrepreneurship training could help you mold your ideas, old and new, into profitable undertakings. Both amateurs and experienced entrepreneurs stand to gain from such programs. Go get that extra edge!

By: Akhil Shahani

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National Foundation for Teaching Entrepreneurship Funds Programs in Miami Schools

This summer, 126 students from Miami Schools entered a six-week training session and contest to learn about entrepreneurship. Funded and run by the National Foundation for Teaching Entrepreneurship, the six week summer session will teach the students how to create a business plan, how to secure start up funds and then how to pitch the idea to real business people. The twelve best plans will compete in the National Foundation for Teaching Entrepreneurship Macy’s 2006 Business Plan Competition. Only one winner will represent Florida in New York in October with a chance to win $10,000.

The Miami Schools system has some of the highest dropout rates in the state of Florida. One of the principal reasons for this may be that students a bored and do not see how their school work relates to the real world. The National Foundation for Teaching Entrepreneurship contest shows how owning a business relates to math and reading skills. This gives a meaning and a relevance to education. A study by the Harvard Graduate School of Education found that students exposed to entrepreneurship classes are more interested in education, are more likely to go to college and more likely to engage in independent reading than their peers.

New National Foundation for Teaching Entrepreneurship Programs in the Miami Schools

The National Foundation for Teaching Entrepreneurship will, over the next two years, establish programs in 20 Miami Schools resulting in the program being accessible by nearly 3,400 middle and high school students. Some schools will offer more than just the summer contest but integrated into the curriculum. A Miami business lawyer and one of the judges who helped pick the finalists, stressed issues pertaining to the insurance and salary of the employees. This is the same issues that he would address with actual entrepreneurs. Several of the students from Miami Schools in the program have attempted to actually start a company. One student in the contest, Steve Rodriguez, has created X-Paks, a company that sells drawstring backpacks that can be produced in the shape and color the client wants. The sixteen year old is an aspiring engineer that wants to go on to MIT. He hopes that word of mouth marketing will lead his company to success. His partner is his mother who does the sewing and shares in half the profits.

Another student in the competition, Elise Lorenzo, has created a plan for a company call Envision Art. This high school sophomore’s company plan, based around creating an online art gallery, won points with the judges for her creative use of an S Corporation structure, which will allow her to reflect company profits on her personal tax returns.

National Foundation for Teaching Entrepreneurship

National Foundation for Teaching Entrepreneurship was founded in 1987. National Foundation for Teaching Entrepreneurship was started by a businessman and former teacher, Steve Mariotti. National Foundation for Teaching Entrepreneurship Miami Schools program aims to prevent dropout and improve academic performance among students who were at risk of failing or quitting school. Mr. Mariotti used his knowledge of business to help him to connect to his low-income students by giving them the opportunity to learn about entrepreneurship, their innate “street smarts” can easily develop into “academic smarts” and “business smarts.” Through entrepreneurship, youth discover that what they are learning in the classroom is relevant to the real world.

By: Stacy Andell

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