Entrepreneurship Archives - Stages Global https://www.stages.global/category/entrepreneurship/ Get Your Child Ready For The Future Thu, 23 Apr 2020 10:53:17 +0000 en-US hourly 1 https://wordpress.org/?v=6.9 https://www.stages.global/wp-content/uploads/2020/03/cropped-stages-academy-favicon-32x32.png Entrepreneurship Archives - Stages Global https://www.stages.global/category/entrepreneurship/ 32 32 Transactions make the world go round https://www.stages.global/transactions-make-the-world-go-round/ Thu, 23 Apr 2020 10:45:03 +0000 https://www.stages.global/?p=3202 Understanding economics is essential for knowing how the world works, and to understand economics, one must understand transactions. A transaction is basically an agreement between person A and person B, to exchange a certain amount of money for goods and services. But the economy includes more steps along the way, which we can explain with […]

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Understanding economics is essential for knowing how the world works, and to understand economics, one must understand transactions. 

A transaction is basically an agreement between person A and person B, to exchange a certain amount of money for goods and services. But the economy includes more steps along the way, which we can explain with 3 foundations:

  1. Tax – When a transaction occurs, the government gets tax out of it. The government then invest the tax money in building infrastructures, which help in the distribution of goods all over the world.
  2. Loans – The bank loans money to businesses to get the money back with interest, businesses use loans for funding research and development of goods and services.
  3. Investments – Investors take risks by giving money for businesses to use for research and development, in return for making a potential profit out of the goods and services they invested in. 

Why your child must understand how economics work

Teaching children about economics is no easy task, but it is crucial for them to know these things to understand how the world works and how to face the financial challenges it will throw at them in the (very near) future.

There are many ways to teach your children about economics (except for the boring way of just explaining it to them). The most practical way is by paying them to do chores around the house and teach them how to make a budget and save up for big purchases. 

Another highly effective and fun way for children to learn about economics is by playing transaction-related games, whether it’s by playing SimCity, Stardew Valley or some good old-school monopoly.

Either one of those ways, or best of all – a combination of both, will help your children grasp the meaning of economics and learn economic decision making well before they face the challenges of the real world.

Here is a great video from Ray Dalio about how the economic machine works.

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]]> The 4 pillars of entrepreneurship https://www.stages.global/the-4-pillars-of-entrepreneurship/ Tue, 07 Apr 2020 16:58:18 +0000 https://www.stages.global/?p=3185 In today’s reality, entrepreneurship is much more than a buzzword In the (very) near future, it will also become a necessity As our world moves rapidly towards artificial intelligence (AI) and robotics, what the ATM did to the bank teller is going to happen to many existing jobs that will soon become irrelevant. The economic […]

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In today’s reality, entrepreneurship is much more than a buzzword

In the (very) near future, it will also become a necessity

As our world moves rapidly towards artificial intelligence (AI) and robotics, what the ATM did to the bank teller is going to happen to many existing jobs that will soon become irrelevant. The economic and moral problems that this AI genesis will create, require a generation of highly talented, technology-oriented young adults. These young adults of the future are today’s children, and their success in the future universal job market relies greatly on talent development and entrepreneurship.

Problem is, the current formal education system is trailing behind technology innovations for various reasons, and will probably not be able to prepare today’s children to be the entrepreneurs of the future. We can already see the gap between what we learned at school as kids and the life skills we actually needed in order to tackle the real world as adults, so it’s quite terrifying to imagine how big this gap would get by 2040.

The solution will not come from the formal education system as it currently is, so how can your child develop the mindset and innovation skills of an entrepreneur? Something clearly needs to be changed, either by remodeling the formal education system or providing them with an external frame of learning. Both require unconventional learning methods that will accelerate the development of skills leading up to the 4 pillars of entrepreneurship:

    1. Arts – Using creativity and imagination is the first, easiest and fastest way to learn just about anything – that is why small children start exploring the world around them through play. Arts not only enable children to develop their imagination and creativity but (when used correctly) can also help them learn complicated topics in a fun, non-boring way.
    2. Sciences – Understanding “how things work” – which is basically what sciences are all about – is also relevant, and necessary, for the development of technologies. Many entrepreneurial ventures are actually an integration between technology and sciences, such as Bio-tech.
    3. Technology – As technology evolves rapidly, more and more businesses start to realize the great, undeniable benefits of replacing human employees with technology, and going through the progress of digital transformation. That is why having a deep understanding of AI, robotics, and automation is crucial to surviving in 2040’s job market.
    4. Economics – Finally, a successful entrepreneur must have a deep understanding of economics, since the cost-benefit ratio of every product depends essentially on economical factors.

Developing the entrepreneurs of 2040

The Stages Academy program provides a tested and proven solution for today’s children: by using techniques of Polymath thinking, pattern analysis, and real-time composition, the students apply their knowledge and experiences from one field to the other, which enable them to learn sciences, technology, and economics through arts and games. 

That’s right, this means that from a very young age, your child can acquire and develop talents in all four pillars of entrepreneurship, and be ready for the future just in time for 2040. Are you ready to help your child become a successful entrepreneur, and ensure his/her economic future? Sign up for The Stages Academy online program

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