Monday, November 28, 2005

 

Peter Drucker

Peter Drucker, the very insightful management guru who believed in entrepreneurship, passed away earlier this month. Steve Forbes wrote an interesting piece in the Wall Street Journal about him. Here are a few things I think are worth mentioning.

Over two decades ago, Mr. Drucker wrote: "The economy is forever going to change and is biological rather than mechanistic in nature. The innovator is the true subject of economics. Entrepreneurs that move resources from old and obsolescent to new and more productive employments are the very essence of economics and certainly of a modern economy..."

Forbes wrote, "No surprise he long recognized the importance of entrepreneurs: 'All great change in business has come from outside the firm, not from inside.'"

Drucker also foresaw issues with the Japanesse economy and placed blame on their (Forbes quote)"...aging population and lack of vigorous entrepreneurship..."

In conclusion, I believe Peter Drucker would have liked Biz4Kids. He would understand the importance of teaching these lessons to our future leaders at a young age. Read Drucker when you have time.

Friday, November 18, 2005

 

Beta Gamma Sigma & PDMA Meetings

This was a great week for meetings!

Nov 15 - Beta Gamma Sigma - Atlanta Alumni Chapter
Speaker - Chuck Riepenhoff, KPMG Forensic
This was a very insightful presentation regarding the detection, prevention and investigation of fraud and misconduct. It's very surprising to know how "bad" some people can be! I mean, if you knowingly do something that is harmful to the corporation it is harmful to you. In a real sense it is harmful to your family. I ask the question,"when do these thoughts begin to develop?" Maybe it is something that we learn as a child. If that is so, then let's teach children that doing evil is harmful. I've got to keep this short but let's focus on teaching kids the long-term effect of a decision and not the short term.

Nov 17 - Product Development & Management Association
Speaker - Lloyd Ward, CEO BodyBlocks Worldwide and former CEO Maytag
I like this guy. I remember reading about him during my MBA days and thinking that this was a guy who had taken leadership to a new level. After the meeting I felt like I was meeting a rockstar - but that's how I am with accomplished business people. His presentation was titled "Consumer Driven Innovation." The best thing about the event was knowing that I had used some of his techniques even though I had not "put a name to it." On another post I'll go into detail about the Consumer Preference Ladder.

Wednesday, November 16, 2005

 

MENTORS: Promote Reading

Here's a sneak peek at the Mentor's Corner Winter Article

Promote Reading
“How the local paper can help”
Biz4Kids.com – Winter 2005

As children approach their teenage years, reading often takes a backseat to other activities. Face it, even though they know intellectually the important role that reading plays in their academic success, they can always find something better to do than crack open a new book.

There appears to be a decreased interest in reading for many children at or around the age of 9, even in those who loved reading prior to that. Experts attribute this to the child's ever-increasing busy schedule. Organized sports, television, video games, computer time, etc., all compete for your child’s reading time.

So what are a few ways that parents can promote reading?

Use the local newspaper or a magazine as a way to promote reading. The stories are short and can be read quickly. The stories are local so the material might have more of an impact on your life.

Have your children share stories about interesting and famous people, athletes, performers, politicians or others. Discuss what makes these people interesting and why they became famous. Ask about positive role models.

Using letters to the editor. Look for familiar topics. Discuss with your child what does or does not make the letter persuasive. Does the author sound angry or worried? Are there facts to back up the statement?

Biz4Kids also encourages you to use the advertisements in the newspaper as a teaching tool. Identify key words and phrases meant to persuade the buyer. Discuss which products and which advertising approaches are appealing and explain why. Compare the persuasiveness of an advertisement to that of a letter to the editor. Take time to read the fine print. Does an ad sound too good to be true? It might be too good to be true!

Read and discuss movies and movie reviews. Choose a movie that interests both of you. After seeing the movie, compare your viewpoints with those of a reviewer.

Reading Is Fundamental, a national motivating force for literacy founded in 1966, offers these tips for parents who are trying to rekindle their child's love for reading.

• Help fit reading into their schedule. Kids say they would read more if they had the time.
• Set an example. Let your kids see you reading for pleasure.
• Give them an opportunity to choose their own material. When you and your child are out together, browse in a bookstore or library. A gift certificate or subscription is a nice way of saying, "You choose."
• Build on your child's interests. Look for books and articles that feature their favorite sports, hobbies or music.
• View pleasure reading as a value. Almost anything your child reads helps build reading skills.
• Make reading aloud a natural part of family life. Share a newspaper article or a passage from the book you are currently reading – without turning it into a lesson.
• Surf the Internet for the hottest titles, and encourage your child to do the same.


It is just too easy for kids to find other ways to spend their time, especially with so many other activities to consider. Every day, set aside time so you don’t have to nag to get your child reading.

Children learn by example: good and bad. To cultivate a love of reading that lasts a lifetime, you must provide the example through your own actions. Make time for reading yourself and do it in front of your child if not with the child. Remember: actions speak louder than words!

IDEA: During the winter break set a goal for you and your child to share two articles a day with each other!

Sunday, November 13, 2005

 

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Address To The Nation

President Bush made this statement on Thursday, September 15, 2005: "It is entrepreneurship that creates jobs and opportunities; it is entrepreneurship that helps break the cycle of poverty; and we will take the side of entrepreneurs as they lead economic revival of the Gulf region."

I keep that quote near my desk because it says so much. I think Bush was saying that in the sense that entrepreneurship exists in so many ways. Entrepreneurship exists not only individually but also within a community, within a corporation, or just within yourself to make something a little better.

Entrepreneurship is a mindset that finds solutions to problems. Teaching entrepreneurship is so important not because it teaches someone to earn their own money but because it teaches people to be aware of their surroundings. It gives them the confidence (and ability) to make a positive change.

Entrepreneurship WILL help the Gulf region rebuild.

What will the entrepreneurship mindset do for you? It will help you contribute more to your company, to your place of worship, and to your community.

Tuesday, November 08, 2005

 

Biz4Kids OVERVIEW (my first post)

This is my first blog so I'll start with a simple intro to what Biz4Kids is all about...

PARENTS:
Biz4Kids is dedicated to "Education through Entrepreneurship." Learning business skills such as marketing, accounting, and customer service through entrepreneurship can help our young people learn life skills such as setting goals, managing money, and gaining responsibility.

Message:
Biz4Kids provides education through entrepreneurship. Kids who start and run their own business at an early age, gain valuable life skills that will contribute to their well-being, their family's well-being and their community overall. Biz4Kids products are just one small part in that goal! Enjoy the web site. Learn and share.

Biz4Kids was started from a simple idea: if you teach a young person entrepreneurship, you teach the lessons of life. Entrepreneurship teaches many of the skills needed for a successful life. Those who dream of owning a business and being their own boss need to develop the skills needed to achieve their dreams early in life. The research shows that today's youth want to own and manage their very own business.

Let's teach today's youth the skills needed for responsibility, independence and service. Let's teach them entrepreneurship!

KIDS:
Biz4Kids wants to help you start and run your very own company! We will provide you with material to get started and through our web site keep you updated on new business ideas, message boards to communicate with others like you, and offer discounts on products for your business.

Owning a business is fun!
* Earn your own spending money Starting your own business and making a profit will help you buy those things that you want now or those things that you want in the future. Having money lets you decide how you will spend, save or donate it.

* Make money without having a "job" Many stores won’t or can’t hire someone that is too young. So if you want to make money, then starting your own company is a great solution!

* Challenge yourself Being a business owner is not easy. We know that so we created this web site and the Biz4Kids Business Start-Up Kits to make it easier. Challenging yourself to do something difficult is very rewarding.

* Make others proud When you tell people that you started your very OWN business they will be very proud. Then tell them that you ACTUALLY make your own spending money and they will be very impressed.

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