Why teaching kids about business is important.

Why teaching kids about business is important.

There is no denying that at some stage of your child’s life they will either work for a business, buy from a business or even create their own business. Just this fact alone highlights the importance of learning essential fundamental business skills from a young age. Currently business is not a mandatory core subject offered in the primary school curriculum. A subject that not only has the potential to teach young minds financial literacy and managerial skills but also enhance their interpersonal skills which will enhance employability in their futures. We believe this is a missed opportunity in our schooling system and currently disadvantaging the futures of our children by not providing them with a foundation that is so relevant to their lives in our economic society. This article aims to address the five reasons Fiftysix Creations believes why teaching kids business is so important.

Flearning Failing + Learning

Failing while learning is a concept we believe so passionately about at Fiftysix Creations. We encourage children to be inquisitive and make mistakes while learning so that they can grow from these mistakes in the future. Business is a trial and error process where making mistakes is inevitable. Exposing children to this process at a young age allows celebration of mistakes, encouraging them to learn and be better next time.  

Team Building

Collaboration in an educational format is not truly introduced effectively until higher education where students are required to take part in group assignments. Working in a collaborative setting allows for the growth of communication and empathy skills. Being able to communicate ideas and understand others is a huge part of business and allows for the opportunity to build strong foundation networks for the future. These interpersonal skills are nurtured at Fiftysix Creations and we encourage all our students to be involved with the team building experience we offer and find that this way of learning is effective in empowering students to communicate with their peers.

Creativity

Creativity is a skill that many people take for granted and feel is a trait that only some can acquire successfully. This is not necessarily the case.  Inspiring children to be bold and brave at a young age can nurture a feeling of confidence into their futures. The ideas of the future will require innovative thinking and creativity to solve new and evolving world issues.  Encouraging children to think outside the norm is where we find some of the best idea generation to happen. This encouragement can help children experiment further and allows for them to build confidence to believe in their ideas.   

 Financial literacy

At some stage of your child’s life they will take part in the financial cycle by either making a purchase from a business or become business provider to the consumer. Because of this financial literacy is a relevant skill that is important for our children’s futures. Understanding how to make smart financial decisions is important in ensuring your child understands the importance and significance money as well as having the confidence to smartly manage their own finance.

Public Speaking

Being confident with expressing ideas publicly is a great skill to acquire at a young age. Having the confidence to speak freely in a public setting is a great trait that expresses employability. When it comes to speaking in Business, being able to have confidence to talk about yourself and your ideas is away to network and communicate efficiently. At Fiftysix Creations we encourage all our students to experiment with public speaking skills and encourage and reward the confidence for taking a chance with this sometimes-unnatural skills.

In conclusion, these five skills have great impact on your child’s future and the limited exposure your child has to these skills now could inhibit their ability in the future. This is why we at Fiftysix Creations have developed Business Camp. A school holiday workshop that looks at encouraging your child to experiment with these skills and provide and introductory understanding to the importance of teaching kids business at a young age.

Register your child for Business Camp by Fiftysix Creations today! 

Why should business skills be taught in the classroom?

Yesterday, my Opportunities Manager, Shannon Fleming and I opened a wonderful education conference in Adelaide. In a stunning turn of events, we spoke about young people and the importance of teaching students enterprising skills. 

The feedback from a few individuals today was quite mixed. In particular, the views of representatives from traditional educational institutions were very different to mine.

I recognise that not every single child is going to want to become an entrepreneur and start a business. That’s OK. Enterprise skills are transdisciplinary and the skills young people can pick up from being in business are priceless and can be utilised across multiple subject areas and industries.

According to the Foundation for Young Australians (FYA), the jobs of the future demand enterprising skills 70 percent more than the jobs of the past so today, I thought I’d write a rather raw piece on why I firmly believe that business skills should be taught in every single school classroom around the world.

  1. Communication: In life, being able to communicate is fundamental. Whether that be via drafting an email, speaking at a conference or negotiating on the phone, practising soft skills can take you very far. The art of public speaking for example, getting up on a stage and speaking to a group of people can be incredibly intimidating. Up until six months ago, I was thoroughly petrified of speaking on a stage. As soon as I got over that fear, I felt a strong sense of pride and confidence. In business, communication is at the very core of everything. We have to draft emails, pitch to customers and negotiate with suppliers on a regular basis. Pitching your idea to mum and dad is one thing but pitching to a complete stranger is a totally different game. Through starting a business, we indirectly learn what the wider world is like, we learn to take feedback and how to overcome challenges. [Teaching Students in Port Lincoln, SA Communication Skills]
  2. Goal Setting: If the mind can conceive it, you can achieve it. Imagine having to shoot an arrow without being given a target. Where would you aim? In business, setting goals provides direction and gives you a target or benchmark to meet. No business has ever thrived without having set goals. Goals take us forward in life. The same goes for individuals, if you don’t set goals, you have nothing to aspire towards. Goals give you focus and help you understand that it is always within your power to be whatever it is you want to be. 
  3. Financial Literacy: There’s a very big difference between the idea of wanting money and wanting to make money. I remember as an (even younger) child when I would receive monetary birthday gifts from family members, my immediate thoughts were based around how quickly I could spend it. When I actually had to earn that money, it was a totally different thought process and my thinking was predominantly focused around how can I best spend this money. When we’re making our own money, we gain a sense of appreciation of what it takes to earn and the mental value of those dollars rise significantly. We understand what it takes to earn money and how easy it is to spend thus we develop a budget. In turn, once again, we indirectly pick up financial literacy skills at a very grassroots level. We don’t learn this through a textbook or in a classroom, but we learn this through experimentation.

Business and entrepreneurial skills clearly embody elements of every industry. Yet, in the schools of today, young people are taught to focus on one career path for their future. Career guidance in schools needs to be completely reimagined and instead of it being solely based around ‘job preparation’, we must transition this guidance to ‘future preparation’ and help young people understand that enterprising skills are fundamental for growth and development in our innovation economy. 

Register your child for a Business Camp today: www.businesscamp.com.au!

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Fiftysix Creations Wins Westpac Top 20 Businesses of Tomorrow

The Businesses of Tomorrow were chosen on their potential to shape Australia’s future. Each selected business demonstrated the following qualities to an exceptional degree:

  • A track record of delivery
  • Clarity of purpose and vision
  • Outstanding value to customers
  • Capability to meet tomorrow’s challenges
  • Adaptability and resilience
  • Contribute beyond the business to the community, industry or the economy

David Lindberg, judge and Chief Executive, Westpac Business Bank, said: “Fiftysix Creations has a bold and compelling vision to educate one million students around the globe by 2020. With a focus on doing things differently, the business is changing the education model. FiftySix Creations is a deserving winner of the Businesses of Tomorrow program, exhibiting the characteristics of a business with the ability to form strong community connections.”

The 200 businesses were independently assessed by Deloitte and chosen by a high profile judging panel including: Alison Deans, Director: Westpac, Cochlear, IAG, kikki K; Prof. Chris Styles, Dean, UNSW Business School; David Lindberg, Chief Executive, Westpac Business Bank; Eric Johnston, Editor, Australian Business Review; Lyn Cobley, Chief Executive, Westpac Institutional Bank; Pip Marlow, former Managing Director, Microsoft; and Simon Cant, Co-Founder and Managing Director of Reinventure Group.

MEDIA RELEASE: Fiftysix Creations and Taj Pabari in Aurukun with Advance Queensland

The 2017 Queensland Young Australian of the Year, Taj Pabari and the Fiftysix Creations Facilitation Team will be visiting Aurukun in Far North Queensland alongside Advance Queensland from April 25 – 29.

Taj and the Fiftysix Creations Team will be running workshops teaching school students in the town about the importance of creativity, entrepreneurship and computer science skills.

Innovation Minister Leeanne Enoch said the Fiftysix Creations workshops in Aurukun were an opportunity for young people living in a remote area to gain valuable entrepreneurial skills.

“Technology and entrepreneurial skills can connect young people to job opportunities, regardless of where they live,” Ms Enoch said.

“The Palaszczuk Government is supporting the Fiftysix Creations workshops through an Advance Queensland Young Starters Fund grant for $20,000.

“Taj and his team have visited areas including Cairns, Mackay and Bowen and, furthering their reach, Fiftysix Creations is also planning student workshops in the Winton and Diamantina Shires in central western Queensland.

“As a young entrepreneur himself, Fiftysix Creations Founder and CEO Taj Pabari is an outstanding role model for the young people he so passionately educates.”

Advance Queensland is a $405 million whole-of-government initiative designed to create the knowledge-based jobs of the future.

Taj Pabari, the 17-year-old Founder of Fiftysix Creations, said: “By achieving our goal of educating one million students by 2020 in key rural and remote areas around the world, Fiftysix Creations will continue to inspire students to believe that they too, can create the world we live in, rather than merely consume and use it.”

The initial Fiftysix Opportunity Workshop offering brings together modern day technology and learning techniques to provide young people with an insight into the skills of the future:

• STEM (Science, Technology, Engineering & Maths) • Entrepreneurship and Creativity
• Financial Literacy

MEDIA CONTACT:

Tia Niarhos // 1300 336 095 // tia@hellofiftysix.com

BACKGROUND OF FIFTYSIX CREATIONS:

Fiftysix Creations is a social enterprise. A build it yourself tablet & creativity kit for kids. As easy as a puzzle, as fun as a computer game. The organisation now runs computer science, creativity and entrepreneurship workshops for kids too. The goal is to educate one million kids by 2020.

www.hellofiftysix.com

How can we prepare our young people for the future?

As the world continues to evolve and technology continues to advance, what sort of skills should young people be learning in the classroom to be prepared for the jobs of the future? 

Well, quite bluntly, we don’t know and instead of preparing our young people for specific jobs that may, or may not exist in the future, we should be equipping our young people with skills that will always be required for success, skills that are timeless and cannot easily be replicated by machines. 

Remember. Any job or task that can be simplified down to a series of logical and sequential steps, will be automated and replaced by technology - much sooner than we all think! 

So, what sort of skills should we be teaching or inspiring in our young people for success in the future? 

1. Creativity

Currently, school as we know it limits a students creative spark as it primarily focused on the students ability to memorise and regurgitate knowledge. In the words of Tony Wagner, Expert in Residence at Harvard University, The world no longer cares about what you know. What the world cares about, is what you do with what you know.” 

[My thoughts on the current education system: https://www.facebook.com/tajpabari/videos/1424491964230958]

New technologies will be able to get most technical jobs done far quicker than humans ever will, however, a machine is not as creative as a human and therefore we must encourage students to be creative. 

Creativity is no longer a word exclusively for students going down a field in the arts, but it's a word and skill that is crucial for every student to learn and embrace!

2. Communication

A student who cannot effectively communicate his or her ideas will not be able to compete in the innovation economy. Communication is not something that can be taught from a textbook. It is a skill that must be taught through experimentation. 

Starting from Primary School or Elementary School, we must teach students simple skills, such as how to speak in public, how to maintain eye contact, how to respond to questions and how to interact with different types of people. These skills can be taught in the form of a student only networking event or a ‘business camp’. 

3. Emotional Intelligence (EQ) 

A student who is not able to understand another human being will find it very difficult to succeed in the future. Many of the jobs of future will be based around collaboration and team work. 

A student must be able to read other people's emotions and be able to effectively respond to them in a calm and relaxed manner. 

Taj Pabari is the seventeen-year-old Founder of Fiftysix Creations. A social enterprise with a goal of educating one million kids by 2020. 

Personal Website: www.tajpabari.com 

Facebookwww.facebook.com/tajpabari 

Twitterwww.twitter.com/tajpmahal 

Instagramwww.instagram.com/tajpabari 

An Education Revolution: OP Results Day!

OP Results Day is always a day of emotion filled with laughter and tears. As someone who has taken a very different and unique educational pathway I thought I'd take this opportunity to remind my fellow high school graduates (and parents) that your grades do not define you. 

Society in this day and age is so focused on the end result, not the process. The fruit, not the tree. As students when we well and truly get trapped into our current (and outdated) education system, we come to understand that it is more important to provide the right answer than to ask a creative and unique question. We begin to believe that we’re at school to merely absorb knowledge rather than to create and to apply it. 

By the end of Primary School, I had three suspensions to my name and was on the verge of being expelled. Why? Well, the goals of school did not align with my personal goals and aspirations. After discussions with many of my classmates, I was not alone. The schooling system is not for everyone and we should not expect all students to conform to it. 

According to the Foundation for Young Australians (FYA) ‘The New Work Order’, 60 percent of students are currently being trained in jobs that will be radically changed by automation. Success in the form of traditional education does not necessarily correlate to success in the real world anymore. The jobs we were being trained for in the classroom, will no longer be the jobs of the future.

Our education system must give students the opportunity to ‘flearn’ (to fail and learn simultaneously). We must help youth embrace the art of flearning and understand that it is always within their power to be whatever it is they want to be.

The people who have attained a wealth of success on this planet have found success despite their poor performance in the classroom. Sir Richard Branson struggled in school and dropped out at the age of sixteen to start Virgin Records. Katy Perry struggled too and dropped out at the age of fifteen to pursue her dream of becoming a musician. In the face of the education system, these individuals were considered incompetent and stupid. In the face of the real world, these people thrived. 

“Break the rules, not the law. It is impossible to be original if you are too well behaved. Think outside the box and break some of the rules.” — Arnold Schwarzenegger

Taj Pabari is the seventeen-year-old Founder of Fiftysix Creations. A social enterprise with a goal of educating one million kids by 2020. 

Personal Website: www.tajpabari.com 

Facebookwww.facebook.com/tajpabari 

Twitterwww.twitter.com/tajpmahal 

Instagramwww.instagram.com/tajpabari