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How to teach students entrepreneurship over an online platform

Over 600,000 new businesses open each year in the U.S. Nearly half of the country’s workforce is employed by small businesses. So, it’s no surprise that the next generation wants to continue the trend of entrepreneurship. As an educator – especially online – you have a unique opportunity to help your students realize their goals so they can eventually bring them to life.

Teaching online has its challenges. But, you can use the skills and resources you have to truly connect with your students. In doing so, you can either encourage them toward a path of entrepreneurship or direct them somewhere else if you think they might be better suited elsewhere.

Read more: Can you teach K-12 students to become entrepreneurs?

If you’re excited about teaching entrepreneurship skills, think outside of the box when it comes to doing it over a digital platform. It takes a little creativity, but you can truly have a strong influence on the next generation of business owners. Let’s look at how you can make it work.

Begin with the basics of entrepreneurship

One of the best ways to get started with teaching entrepreneurship is to let your students know where it could lead. Discuss some of the benefits of an MBA, for example:

  • Growing a professional network
  • Acquiring an international perspective
  • Cultivating transferable skills
  • Benefitting from real-world case studies

You can also cover the benefits of owning a business and what to expect when they’re trying to launch one. Getting your students excited about entrepreneurship will make it easier to cover the basics. Thankfully, those basics are easy to study even through an online platform. You can teach your students some of the important skills they’ll need to succeed in business, including public speaking (an easy thing to do over video platforms), reading nonfiction texts, and utilizing project-based learning to simulate real-world situations.

Read more: The key ingredients for successful project-based learning [INFOGRAPHIC]

The basics should also cover what your students should know before starting their business. That includes getting a handle on their finances. Small business loans and funding options might seem overwhelming at first. But, by teaching it, you’re preparing future entrepreneurs to be financially sound from the start.

Read more: Teaching students financial literacy with education technology

Teaching the basics will make it easy for your students to decide whether they want to focus on entrepreneurship or not. It takes a passionate individual to want to start their own business. If they lose interest at the first step, you’ll both know they should be considering a different career path.

Get creative with your approach

There are several hurdles to consider when it comes to online learning. Some of the most notable include:

  • Accessibility
  • Adaptability
  • Technical issues
  • Computer literacy
  • Time management
  • Self-motivation

Getting your students to work through those hurdles isn’t always easy. That’s why getting creative with your approach is crucial. Students disengage often because they are distracted by things at home, or they just aren’t in the right environment to learn effectively. One way to combat that is by keeping them as involved as possible.

Read more: Teaching students how to manage digital distractions

Instead of lecture after lecture, find ways to get your students talking. Teach your students to create business model canvases. These pared-down business plans can then be used to create pitches your students can give over video conferencing in a mock Shark Tank-style investment exercise.

There are plenty of ways to keep your students engaged, and it should be a priority if you want to keep their attention. So, don’t be afraid to get creative with your approach if it means everyone is involved.

Keep things social

One of the potential drawbacks of online learning is that it can be less social than teaching in person. But, there are things you can do to really connect with your students over an online platform. Spending extra one-on-one time with those interested in entrepreneurship can help them decide if it’s the right path.

You can keep online learning social for your entire class by:

Keeping things social online will make your virtual class feel more like a traditional one in many ways. That can cut through the tension, make everyone more comfortable, and put your students at ease. Eventually, they’ll be more likely to ask questions and chime in with their own ideas. They may even be more comfortable emailing you or asking to do a private conference if they have additional questions or want more information about entrepreneurial skills.

All in all

As a teacher, you have an opportunity to inspire and educate the next generation of entrepreneurs. While using an online learning platform may have some bumps to work through, you can take pride in your work, knowing you’re encouraging dreamers to accomplish their future goals.

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