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Consistently Teach with Faculty & Adjuncts

Consistently Teach with Faculty & Adjuncts

The hardest part about coordinating classes taught by adjuncts is delivering a…

Consistent experience when multiple instructors teach the same course.

Especially true for Intro to Entrepreneurship classes, high turnover among adjuncts and different areas of expertise among faculty can mean students have vastly different experiences depending on who teaches their particular section.

This inconsistency often leads to lower enrollment and knowledge gaps that affect subsequent entrepreneurship classes.

Solution: “Flexible Structure”

To eliminate these inconsistencies while growing your entrepreneurship program, ensure your Intro to Entrepreneurship curriculum is all three of the following:

  1. Experiential. Lecture-based classes not only neglect to teach students skills, they fail to inspire students to continue their entrepreneurial journey. To grow an entrepreneurship program, your first course needs to be both relevant and engaging – experiential classes can be both.
  2. Structured. Experiential courses are great, but most educators don’t have time to design their own comprehensive set of experiences. Instead, they piecemeal activities from a variety of sources resulting in courses that lack a cohesive framework and leave gaps in students’ understanding. Having a coherent set of lesson plans that all instructors utilize means that students get both a robust and consistent experience.

    Plus, a consistent framework makes onboarding new instructors much easier.

  3. Flexible. Of course, structured curricula must also enable instructors to leverage their personal strengths (i.e. research specialties, entrepreneurial experiences, personal networks, etc.). The framework you use needs to be modular enough that it allows instructors to make the class their own, while still maintaining the core of the curriculum.

This unique “Flexible Structure” is precisely why so many…

Large Programs Use ExEC

The Experiential Entrepreneurship Curruciulm (ExEC) has become a popular choice when course coordinators want high-quality lessons that deliver consistent experiences across all sections.

For example, when Cal Poly’s Jonathan York wanted to improve his 500+ student / multi-instructor Intro to Entrepreneurship course, he chose ExEC:

Likewise, when Florida State University wanted to provide more structure for the instructors teaching their hundreds of entrepreneurship students, they adopted ExEC…

Cal Poly: 500+ Students and 10 Instructors

We recently sat down with Jonathan York of Cal Poly San Luis Obispo to discuss his experience transitioning to ExEC and why he recommends it for other professors and universities looking to streamline their entrepreneurship curriculum.

Jon is Professor Emeritus of Entrepreneurship and Cofounder of the Center for Innovation and Entrepreneurship at Cal Poly. Like most professors, when he began teaching entrepreneurship he found himself searching for and saving specific resources in Google Docs to help augment the textbook and lesson plans.

As an entrepreneurship professor, “I was constantly looking for more tools I could use in class,” he shares. While he felt capable of finding great resources to use in the classroom, once he needed to get his fellow professors and adjuncts on the same page, this method wasn’t sustainable. Cal Poly teaches over 500 entrepreneurship students a quarter with more than 10 professors and ever-changing adjunct faculty. Their entrepreneurship curriculum needs were larger than could be handled with Google Docs.

While looking for a solution to get his entrepreneurship department on the same page he found ExEC

“ExEC helped bring everything I wanted to teach in one place.”

Adopting the Experiential Entrepreneurship Curriculum 

When implementing ExEC, what stood out for Jon was that it was powerful to divide the quarter into two “sprints,” the first called “finding a problem worth solving” and the second “finding a solution worth building.” He recommends this strategy of “grouping the lessons into themes” divided into the 10 week quarter.

When Jon first started using ExEC, there were some tweaks in the first quarter, but after fine-tuning the timing for the lesson plans, he found it to be an easy switch from his previous approach of combining lots of tools coordinated through Moodle, which led to considerable student confusion and frustration.

While designed to be taught in 15-weeks, the ExEC curriculum clearly states the goals and objectives of each lesson. This helps professors easily group the lessons thematically for their quarter system.

The main benefit of using ExEC is it made it easier for Jon to ensure consistency in the entrepreneurship classes taught at Cal Poly. It helped unify the entrepreneurship department and align professors and adjuncts alike with not just what was going to be taught with entrepreneurship, but how.

Adjunct professors in particular may be successful entrepreneurs but new to teaching. Of teaching entrepreneurship, Jon says, “You don’t just want warhorses sitting around telling stories.”

The goal of an entrepreneurship class is to engage.

When they rolled out ExEC with the Cal Poly faculty, Jon held weekly meetings to help with any questions or trouble-shooting, which is what he recommends for any organization looking to adopt ExEC. He started with 3 professors using the curriculum with other professors observing. This helped identify any tweaks that may be needed with the timing of lesson plans and solidified the staff’s confidence in using ExEC.

With any new tool, there’s a certain learning curve to be expected. However, when adopting ExEC, professors aren’t alone in trying to figure out how to teach the lesson plans. We offer a comprehensive and responsive customer service not found with a traditional textbook.

Engaging Entrepreneurship Lesson Plans

Overall, the rollout of ExEC at Cal Poly was successful. Jon really enjoyed the Early Adopter modules and the Business Model Canvas (BMC) aspects of the ExEC curriculum. For instance, the BMC lesson is designed to provide an overview showing where each lesson fits into the overall curriculum, it also provides professors with a view of the big picture – where they’ve been, where they are, and where they are going. Think of the Business Model Canvas as the map that shows the flow of lesson plans throughout the curriculum.

When teaching any of the lesson plans to his entrepreneurship students, he had this to say: “your pre-class materials prepared my students better than anything I have used before.” Unlike a textbook that puts the onus on the instructor to prepare how to teach the information, ExEC includes thorough instructions for how to prepare before class, including all the necessary resources to use during class.  

We also include information on what students should do after class to help create an experience that resonates beyond the classroom. 

We have found that this dramatically cuts down on any necessary prep-time for the professor. It also creates a comprehensive curriculum that engages every student, whether your entrepreneurship program is large or small.

An Evolving Curriculum

We know that experiential education is really difficult to execute. We’ve created a foolproof system to teach each lesson successfully.

Our goal is that your students are engaged with each lesson throughout the entire entrepreneurship curriculum.

When asked if he would recommend ExEC to other professors or universities looking to expand their entrepreneurship curriculum beyond a traditional textbook, Jon answered, “Yes. With each iteration, it keeps getting better.”

The average print textbook is considered out of date in 3 years. In the ever-evolving world of entrepreneurship, time is invaluable. With ExEC, updates to entrepreneurship lesson plans happen immediately and are implemented seamlessly. This helps keep your university’s program on the cutting edge of entrepreneurship education.

We pride ourselves in practicing what we preach. We’ve applied the invaluable feedback we received from professors and students alike in our latest version of the Experiential Entrepreneurship Curriculum (ExEC). We’ve designed it to include the best practices of entrepreneurship education. And after just 2 years, ExEC is now being used at almost 100 universities!

If you want more engagement, more structure, and more impact, now is your chance with ExEC!

Start Engaging this Fall with ExEC

Experiential Entrepreneurship Curriculum Logo

Whether you’re teaching online, face-to-face, or a hybrid of the two, we built our Experiential Entrepreneurship Curriculum (ExEC) to provide award-winning engagement and excitement for your students

  • in any course structure
  • on every learning management system

Preview ExEC Now

We’ve taken the guesswork out of creating an engaging approach that works both online or in-person. ExEC has a comprehensive entrepreneurship syllabus template complete with 15 weeks of award-winning lesson plans that can be easily adapted to your needs.

Get our Next Free Lesson Plan

We email new experiential entrepreneurship lesson plans regularly. Subscribe here to get our next lesson plan in your inbox!

Join 10,000+ instructors and get new entrepreneurship lesson plans and exercises via email!


Missed Our Recent Articles?

Whether you are new to our community of entrepreneurship educators, or you’ve been contributing for years, we wanted to give you a list of the posts our community finds most valuable:

Skills Scavenger Hunt: Online Icebreaker & Team Building Exercise

Skills Scavenger Hunt: Online Icebreaker & Team Building Exercise

If students don’t form into high-performance teams, their learning curve significantly flattens.

You can create the most amazing content, and deliver it in the most engaging manner. But if your students are in teams that are dysfunctional, or just sleepy, their learning can come to a screeching halt as they disengage.

Students put the course content into practice in their team environment where they apply it to bring ideas that matter to them to life. Student teams formed randomly erode the student (and professor!) experience through internal conflict and apathy.

Helping students form high-functioning teams will boost their learning capability exponentially.

We built our concept of high performing teams on the idea of matching students based on aligned goals and diverse skills. We developed our Skills Scavenger Hunt to facilitate that process and thus mitigate the biggest drawbacks of student team projects.

BONUS: This exercise is also an incredible icebreaker, which is critically important to do in an online course environment.

skills scavenger hunt online ice breaker team building animation

In this exercise, students go on a scavenger hunt to find other students with complementary skills in the following categories:

  1. Graphics
  2. Technology
  3. Social Media
  4. Design
  5. Sales
  6. Marketing

Step 1: What Skills Do You Have?

Each student checks any boxes in all 6 areas that are applicable to them. They may be able to check more than one box in a particular area, and they may not be able to check any boxes in a particular area. This doesn’t matter – the goal with this exercise is for students to identify their gaps in skills and fill them with qualified teammates.

Skills scavenger hunt step 1

If students check any boxes for their skills, that particular column will turn dark grey –  to indicate they do not need to add any potential teammate names or notes.

To see the entire Skills Scavenger Hunt Exercise enter your email below!

Get our Next Free Lesson Plan

We email new experiential entrepreneurship lesson plans regularly. Subscribe here to get our next lesson plan in your inbox!

Join 10,000+ instructors and get new entrepreneurship lesson plans and exercises via email!


Missed Our Recent Articles?

Whether you are new to our community of entrepreneurship educators, or you’ve been contributing for years, we wanted to give you a list of the posts our community finds most valuable:

Motivate Students with the Pilot Your Purpose Exercise

Motivate Students with the Pilot Your Purpose Exercise

Help your students unlock their purpose, and they will be motivated to learn the entire semester!
Especially in an online environment, you can more easily engage students by tapping into their intrinsic motivation. In other words, learn how to leverage students’ internal drivers and your class sessions will buzz with energy. There is nothing more internally motivating than pursuing one’s purpose. Where students’ interest intersect with their skills represents their passion. When students combine their passion with the impact they want to have on the world, that becomes their purpose. Do this at the beginning of class, and then make every interaction with your students meaningful by tying everything back to their purpose. Pilot Your Purpose Exercise For instance, let’s say a student loves playing video games (their interest). They enjoy learning about and getting better at playing video games, and also writing and performing slam poetry (their skills). That leads the student to imagine streaming their preferred video game while performing slam poetry about competitors (their passion). How could this student create impact?
  • They could create educational video games.
  • They could create video games to help people empathize with people of other races and socioeconomic status.
  • They could raise money through being a Twitch streamer to support causes in their local community.
This purpose becomes the thread that weaves throughout your course. When they practice customer interviewing, or forecasting financial needs, or prototyping, you can link those lessons back to applying those skills to build an educational game company, or whatever they identify their purpose is. And your students stay motivated.
Your students’ purpose is the perfect hook to keep them engaged the entire semester!

Step 1: Interests

To identify their interests, students think about:
  1. What friends say they always talk about
  2. What they would spend time doing if money was no object
  3. What they were learning about the last time they lost track of time watching Youtube or scrolling on social media
Our example student talks to their friends, who say they are always talking about FPS video games (particularly Call of Duty (COD)), skateboarding, and slam poetry. They think about what they would do if money was no object, and they land on playing FPS video games and skydiving (they have never been skydiving, but loves watching videos of skydiving and dreams of going one day to experience the adrenaline rush). Last, they think back to the last time they lost a couple of hours staring at their phone, and it was watching others stream COD on Twitch. Our student now has their interests mapped out, according to what their friends say, what they dream about, and what holds their attention.

Pilot Your Purpose: InterestsStep 2: Skills

To identify their skills, students think about:
  1. What friends say they are good at
  2. What they would like to get better at doing
  3. What they think they are above average at doing
Our example student again talks to their friends, who say they are good at teaching them how to play FPS video games, and at making them laugh. They think about things they do that they would like to be better at. They really love writing and performing slam poetry, but knows from their performances and comparing themself to other performers that they have a lot of room to improve. They also want to get better at playing Call of Duty. Last, they think hard about what they are really good at, and land on playing FPS video games, at mathematics (Calculus, at least), at Adobe Illustrator, and at slam poetry. Our student now has their skills mapped out, according to what their friends say, what skills they want to improve, and what they are already good at.

Pilot Your Purpose: Skills

To see the entire Pilot Your Purpose Exercise enter your email below! The Pilot Your Purpose exercise is a great way to keep your students motivated all semester. You can meet with your students individually after completing this exercise & have them share their purpose so you understand what makes them tick. As you move into each module of your course, you can reference a particular student’s purpose to talk about why the particular module is relevant. For instance, when you introduce a financial module, you might reference our example student and (assuming they are a game designer) how they need to hire a project manager, programmers, 3D artist, and quality assurance specialists to complement their team, pay for servers, legal fees to protect their IP, a 3D engine license, and potentially rent for space for the team to create. As you begin each module, students will stay motivated as they see the direct application of the particular material to their purpose!

Get our Next Free Lesson Plan

We email new experiential entrepreneurship lesson plans regularly. Subscribe here to get our next lesson plan in your inbox!

Join 10,000+ instructors and get new entrepreneurship lesson plans and exercises via email!


Missed Our Recent Articles?

Whether you are new to our community of entrepreneurship educators, or you’ve been contributing for years, we wanted to give you a list of the posts our community finds most valuable:
3 Plans You Need for Fall Prep 2020

3 Plans You Need for Fall Prep 2020

Whether you’re teaching online, face-to-face, or a hybrid or HyFlex model, the Experiential Entrepreneurship Curriculum (ExEC) will enable you to provide award-winning engagement for your students:

  • In a structured, and flexible way
  • That integrates with all major learning management system (e.g. Canvas, Blackboard, D2L/Brightspace, Moodle, etc.)

In this environment of uncertainty, you have a chance to innovate the course experience you deliver students. Don’t fall back to the same old entrepreneurship textbook you’ve been using for years – that method won’t give you the flexibility you need to deliver value to your students this fall and to effectively prepare for online, face-to-face, and hybrid-flexible models. 

Fall Prep Options

Online Fall Prep

All classes at all 23 campuses of California State University, the nation’s largest four-year public university system, are moving online for the fall semester. Many schools will likely follow suit eventually, given fears of a COVID-19 second wave.

Even if we start classes in-person, we need a plan to quickly transition our class online if necessary. We built multiple versions of ExEC: one we’ve optimized for teaching in-person, one optimized for hybrid classes, and one optimized for teaching online. Most valuable for your fall prep…

You can seamlessly transition between these version, even mid-term.

We’ve been developing ExEC for the last 5 years and so far it’s…

…while producing outstanding student evaluations

If you’re teaching online this fall, ExEC has you covered!

Online Entrepreneurship Syllabus Structure

Below is a general course structure highlighting the skills students practice at each stage of our online curriculum through highly impactful entrepreneurship activities:

We created an innovative online experience in which students learn these skills that are based on the following foundational experiential learning elements:

  • Asynchronous with multiple touchpoints each week
  • Skills-based
  • Reflection groups

We taught our online version at John Carroll University this past Spring using the same experiential, interactive, approach we use for in-person classes that create meaningful connections between students and professors.

Whether you’re teaching online or face-to-face this fall, you can use ExEC to keep your students engaged in building valuable skills no matter their career path. 

Face-to-Face Fall Prep

The Experiential Entrepreneurship Curriculum helps your students learn:

  • Idea generation
  • Customer Interviewing
  • Financial modeling
  • MVPs and prototyping
  • Pitching and storytelling

If you meet face-to-face this fall, this curriculum provides 15 weeks of powerful, experiential moments during which students master the above skills through deliberate practice. In addition, students develop a growth mindset, learn to leverage failure, and practice design thinking and business model experimentation.

We iterated ExEC in face-to-face courses at nearly 100 universities for years, so you can feel confident delivering award-winning entrepreneurship activities like the 60 Minute MVP and the Lottery Ticket Dilemma that create the most engaging learning environment available.

But don’t take our word for it . . .

fall prep Experiential Entrepreneurship Curriculum student testimonial

fall prep faculty Experiential Entrepreneurship Curriculum faculty testimonial

HyFlex Fall Prep

As a last option, many of us have been told we will be teaching a Hybrid-Flexible (HyFlex) course this fall. This is a new approach for most of us, and that uncertainty can be scary.

Not to fear – we’re developing a version of the Experiential Entrepreneurship Curriculum specifically for this teaching model!

This approach combines some pretty complex technology and pedagogy; HyFlex is a course design in which courses simultaneously combine real-time, in-person classroom interaction with rich on-demand content. 

The underlying design ethos of a HyFlex model is flexibility and student choice. That means ExEC’s award-winning experiential approach is perfect for this particular model!

fall prep hyflex model
Source: https://www.chronicle.com/article/Are-Colleges-Ready-for-a/248710

Engage Your Students This Fall

Whether you are teaching online, face-to-face, or some version of HyFlex this fall, you can have

More engagement

More structure

More impact

in your entrepreneurship classes. ExEC combines the best practices of entrepreneurship education, and is now used at nearly 100 universities! This entrepreneurship curriculum is chock full of powerful entrepreneurship activities that teach skills entrepreneurs use to build real businesses. 

If you want an engaging approach you can use online or in-person for your entrepreneurship curriculum, and don’t want to spend all summer building it:

Consider trying ExEC this Fall.

fall prep with Experiential Entrepreneurship Curriculum

If you’d like lesson plans emailed to you directly, subscribe here to get the next one in your inbox.

Join 10,000+ instructors and get new entrepreneurship lesson plans and exercises via email!

60 Minute MVP [ExEC Online: Express Pack]

60 Minute MVP [ExEC Online: Express Pack]

We’ve fast-tracked the development of new online-ready exercises which you can use individually or as a set, called the ExEC Online: Express pack, available free through June!

Our final lesson, 60 Minute MVP, is ready!

60 Minute MVP ExEC Online image Free Lesson

Based on the extremely popular in-person version of this exercise, the online version of the 60 Minute MVP will have your students designing experiments to test demand just like they would if they weren’t under lockdown. They will:

  1. Create a landing page
  2. Add an explainer video and then
  3. Start accepting pre-orders

The key to thriving in the face of high uncertainty and limited resources is efficient experimentation. With that in mind, this exercise will show your students how to quickly reduce the uncertainty of their business model by helping them launch a Minimum Viable Product (MVP) to measure demand for their products/services.

Almost more important though…

This exercise is a ton of fun!

Students are excited because they’re doing something they didn’t know they had the skills to do, and it’s a great time for you because students are engaged in creating and sharing something with you and the rest of the class.

Get the 60 Minute MVP Lesson

Get All Four Free Lessons

The ExEC Online: Express Pack is a collection of free, interactive, online entrepreneurship lessons available through the rest of this term that you can easily plug into your class individually or as a set.

In addition to the 60 Minute MVP lesson plan, we’re releasing three other exercises that are not only engaging, but particularly relevant in this time of uncertainty:

  1. Problem-Inspired Idea Generation: We know customers don’t buy products, they buy solutions to problems – and right now people’s problems have changed dramatically. This exercise will show your students a systematic way to identify new opportunities inspired by their customer’s real-world problems that is particularly helpful during times of disruption like we’re experiencing right now.
  2. Financial Projection Simulator: With a global recession looming, it’s essential our students understand the elements of a robust financial model, and how to develop a sustainable one. This exercise makes finance approachable by turning what would normally be an overwhelming series of numbers, into a game-like experience that enables students to experiment with many different financial models.
  3. How to Interview Customers on Lockdown: Now that business model assumptions have been flipped on their head, it’s more critical than ever that students learn how to effectively talk to customers to discover what problems they’re facing. A person with the skills to learn about how this new world will effect people individually, is a person that will thrive during this, and any future dramatic changes. This lesson will help students understand how to find customers to talk to, what questions to ask, and most importantly, why asking them will form the basis of a successful business model.

If you’re interested in using any of the exercises from the ExEC Online: Express Pack, please click here.

Due to the accelerated pace at which we’re releasing these lessons, the first iteration of the ExEC Online: Express Pack is designed for use in colleges/universities in the US and Canada. Future iterations will be accessible to students across a wider range of environments.

Regardless of who or where you teach, we welcome you to request access and we’ll notify you if, and as soon as, we’re able to bring your students on board!

Get All the ExEC Online: Express Pack Lesson Plans (Free)

Know an Entrepreneurship Instructor?

If you know anyone who these new lessons might help, please invite them to participate! You can:

Thank you for all the work you’re doing teaching and supporting young people during this challenging time – we’re grateful to have an opportunity to support you, and look forward to helping you however we can!


Join 10,000+ instructors and get new entrepreneurship lesson plans and exercises via email!

Interviewing Customers Remotely [ExEC Online: Express Pack]

Interviewing Customers Remotely [ExEC Online: Express Pack]

We’ve fast-tracked the development of new online-ready exercises which you can use individually or as a set, called the ExEC Online: Express pack, available free through June!

Our third lesson, Interviewing Customers Remotely, is ready!

Express Pack Entrepreneurship Lessons Online: Interviewing Customers

Teach Interviewing Customers in an Engaging Way

Based on our Customer Interviewing Cards, this exercise has been adapted to teach students how to interview customers under the unique circumstances that COVID-19 has presented. Hopefully, this lesson will only be applicable this term, but…

…it may be helpful in the Fall too!

This lesson is a fun way to teach your students:

  1. Where to find customers to interview during a quarantine
  2. How to ask those customers for an interview
  3. What to ask during the interview

Below is a quick overview. For full details, be sure to register for the ExEC Online: Express Pack.

Easy to Integrate

We’ve made this exercise as easy to integrate as possible.

Interviewing Customers Step 1


Have your students watch this video:

If you’re teaching a synchronous class, feel free to skip showing the video and simply teach the principles yourself.

Step 2

Students complete the Digital Customer Interviewing Cards spreadsheet where they learn what their “objectives” (i.e. goals) for conducting customer interviews are, as well as the best and worst questions to ask during those interviews.

Here’s a quick look at what the spreadsheet looks like:

Step 3

Students get access to a robust interview script they can use for both remote, and in-person, problem discovery videos.

Interviewing customers ExEC online script

Get the Customer Interviewing Lesson

Get All Four Free Lessons

The ExEC Online: Express Pack is a collection of free, interactive, online entrepreneurship lessons available through the rest of this term that you can easily plug into your class individually or as a set.

In addition to the Customer Interview lesson plan, we’re releasing three other exercises that are not only engaging but particularly relevant in this time of uncertainty:

  1. Problem-Inspired Idea Generation: We know customers don’t buy products, they buy solutions to problems – and right now people’s problems have changed dramatically. This exercise will show your students a systematic way to identify new opportunities inspired by their customer’s real-world problems that are particularly helpful during times of disruption like we’re experiencing right now.
  2. Financial Projection Simulator: With a global recession looming, it’s essential our students understand the elements of a robust financial model, and how to develop a sustainable one. This exercise makes finance approachable by turning what would normally be an overwhelming series of numbers, into a game-like experience that enables students to experiment with many different financial models.
  3. 60 Minute MVP: The key to thriving in the face of high uncertainty and limited resources is efficient experimentation. This exercise will show your students how to quickly launch a Minimum Viable Product (MVP) to measure demand for their products/services. Plus, even outside the entrepreneurial context, in a future where online, remote-enabled work will likely be in demand, this is a great opportunity for students to learn how to build websites and create animated videos.

ExEC Online Express Pack

We’ll make each lesson plan available as soon as it’s finished. So if you’re interested in using any of the exercises from the ExEC Online: Express Pack, please click here.

Due to the accelerated pace we’re releasing these lessons, the first iteration of the ExEC Online: Express Pack is designed for use in colleges/universities in the US and Canada. Future iterations will be accessible to students across a wider range of environments.

Regardless of who or where you teach, we welcome you to request access and we’ll notify you if, and as soon as, we’re able to bring your students on board!

Get All the ExEC Online: Express Pack Lesson Plans (Free)

Know an Entrepreneurship Instructor?

If you know anyone who these new lessons might help, please invite them to participate! You can:

Thank you for all the work you’re doing, teaching and supporting young people during this challenging time – we’re grateful to have an opportunity to support you, and look forward to helping you however we can!


Join 10,000+ instructors and get new entrepreneurship lesson plans and exercises via email!

Financial Projection Simulator [ExEC Online: Express Pack]

Financial Projection Simulator [ExEC Online: Express Pack]

To help with the COVID-19 crisis, we’ve fast-tracked the development of new online-ready exercises – which you can use individually or as a set – called the ExEC Online: Express pack, available free through June.

Our second lesson, Financial Projection Simulator (FPS), is ready for you to use!

Making Finance Fun

Even in the best of times, students struggle to engage with and understand the financial elements of entrepreneurship. Of course, this topic is critically important, especially during times of economic uncertainty like we’re facing now.

To help make entrepreneurial finance more accessible to all students, we designed our Financial Projection Simulator to teach financial modeling, with a fun, game-like experience.

Encourage Experimentation

The Financial Projection Simulator leads students through an experimentation process where they make different assumptions about their financial model, including their:

  • Product price
  • Cost of Customer Acquisition
  • Employee salaries (including benefits & taxes)
  • Initial capital investments
  • Etc.

And as they enter their assumptions, the simulator automatically calculates the financial sustainability of their business, giving students a Red, Yellow or Green assessment:

teaching finance in entrepreneurship

This question-based approach forces students to think through the major elements of a financial model in an approachable way. Plus, the real-time feedback encourages students to get creative, iterating their business model until they find one that’s profitable.

Engage Your Students

Like all of our lessons, the Financial Projection Simulator uses several resources to create an experiential, interactive experience for students online, including:

  • Step-by-step videos for students
  • Overview videos for you, like this:


When combined, these tools create an engaging experience for your students (even when they’re learning about finance ;).

Get the Financial Projection Simulator

Get All Four Free Lessons

The ExEC Online: Express Pack is a collection of free, interactive, online entrepreneurship lessons available through the rest of this term that you can easily plug into your class individually or as a set.

In addition to Financial Projection Simulator, we’re releasing three other exercises that are not only engaging, but particularly relevant in this time of uncertainty:

  1. Problem-Inspired Idea Generation: We know customers don’t buy products, they buy solutions to problems – and right now people’s problems have changed dramatically. This exercise will show your students a systematic way to identify new opportunities inspired by their customer’s real-world problems that is particularly helpful during times of disruption like we’re experiencing right now.
  2. How to Interview Customers: Now that business model assumptions have been flipped on their head, it’s more critical than ever that students learn how to effectively talk to customers to discover what problems they’re facing. A person with the skills to learn about how this new world will effect people individually, is a person that will thrive during this, and any future dramatic changes. This lesson will help students understand how to find customers to talk to, what questions to ask, and most importantly, why asking them will form the basis of a successful business model.
  3. 60 Minute MVP: The key to thriving in the face of high uncertainty and limited resources is efficient experimentation. This exercise will show your students how to quickly launch a Minimum Viable Product (MVP) to measure demand for their products/services. Plus, even outside the entrepreneurial context, in a future where online, remote-enabled work will likely be in demand, this is a great opportunity for students to learn how to build websites and create animated videos.

We’ll be making each lesson plan available as soon as it’s finished, so if you’re interested in using any of the exercises from the ExEC Online: Express Pack, please fill out the form below.

Due to the accelerated pace we’re releasing these lessons, the first iteration of the ExEC Online: Express Pack is designed for use in colleges/universities in the US and Canada. Future iterations will be accessible to students across a wider range of environments.

Regardless of who or where you teach, we welcome you to request access and we’ll notify you if, and as soon as, we’re able to bring your students on board!

Get All the ExEC Online: Express Pack Lesson Plans (Free)

Know an Entrepreneurship Instructor?

If you know anyone who these new lessons might help, please invite them to participate! You can:

Thank you for all the work you’re doing teaching, and supporting, young people during this challenging time – we’re grateful to have an opportunity to support you, and look forward to helping you however we can!


Join 10,000+ instructors and get new entrepreneurship lesson plans and exercises via email!

Problem-Inspired Idea Generation [ExEC Online: Express Pack]

Problem-Inspired Idea Generation [ExEC Online: Express Pack]

To help with the COVID-19 crisis, we’ve fast-tracked the development of new online-ready exercises – which you can use individually or as a set – called the ExEC Online: Express pack, available free through June.

Our first lesson, Problem-Inspired Idea Generation, is ready for you to use!

Idea Generation is a Skill

Customers don’t buy products, they buy solutions to problems – and during this crisis, people’s problems have changed dramatically. This exercise will show your students a repeatable way to generate business ideas, inspired by their customer’s problems, that will become the foundation for opportunity identification skills they can use throughout their careers.

3 Steps to Better Ideas

Problem-Inspired Idea Generation creates an experience where students:

  1. Learn why great business ideas come from problems.
  2. Brainstorm people they’re passionate about solving problems for.
  3. Hypothesize, and prioritize, those peoples’ problems.

Those hypothesized problems kickstart your students’ customer discovery and/or solution ideation processes, resulting in more meaningful, and more feasible business ideas.

Engage Your Students

Our goal is to create highly interactive, experiential exercises. You can review this lesson to see how it can help you engage your students online with tools like:

  • Interactive Digital Worksheets your students can fill out and turn into you online
  • Video overviews for students
  • Sample slides for you to use with any live, or recorded, videos overviews you’d like to (optionally) produce for you students
  • Assessment recommendations

Get the ExEC Online: Express Pack

Get All Four Free Lessons

The ExEC Online: Express Pack is a collection of free, interactive, online entrepreneurship lessons available through the rest of this term that you can easily plug into your class individually or as a set.

In addition to Problem-Inspired Idea Generation, we’re releasing three other exercises that are not only engaging, but particularly relevant in this time of uncertainty:

  1. How to Interview Customers: Now that business model assumptions have been flipped on their head, it’s more critical than ever that students learn how to effectively talk to customers to discover what problems they’re facing. A person with the skills to learn about how this new world will effect people individually, is a person that will thrive during this, and any future dramatic changes. This lesson will help students understand how to find customers to talk to, what questions to ask, and most importantly, why asking them will form the basis of a successful business model.
  2. Financial Projection Simulator: With a global recession looming, it’s essential our students understand the elements of a robust financial model, and how to develop a sustainable one. This exercise makes finance approachable by turning what would normally be an overwhelming series of numbers, into a game-like experience that enables students to experiment with many different financial models.
  3. 60 Minute MVP: The key to thriving in the face of high uncertainty and limited resources is efficient experimentation. This exercise will show your students how to quickly launch a Minimum Viable Product (MVP) to measure demand for their products/services. Plus, even outside the entrepreneurial context, in a future where online, remote-enabled work will likely be in demand, this is a great opportunity for students to learn how to build websites and create animated videos.

We’ll be making each lesson plan available as soon as it’s finished, so if you’re interested in using any of the exercises from the ExEC Online: Express Pack, please fill out the form below.

Due to the accelerated pace we’re releasing these lessons, the first iteration will be designed for use in colleges/universities in the US and Canada. Future iterations will be accessible to students across a wider range of environments.

Regardless of who or where you teach, we welcome you to request access and we’ll notify you if, and as soon as, we’re able to bring your students on board!

Get All the ExEC Online: Express Pack Lesson Plans (Free)

Know an Entrepreneurship Instructor?

If you know anyone who these new lessons might be help, we welcome you to invite them to participate. You can:

Thank you for all the work you’re doing teaching, and supporting, young people during this challenging time – we’re grateful to have an opportunity to support you, and look forward to helping you however we can!


Join 10,000+ instructors and get new entrepreneurship lesson plans and exercises via email!

Free Online Entrepreneurship Lesson Plans

Free Online Entrepreneurship Lesson Plans

We know the transition to teaching online can be overwhelming. We want to help.

We’ve fast-tracked a subset of the ExEC Online exercises you’ll be able to use free through June 2020!

The ExEC Online: Express Pack will be a collection of free, interactive, online entrepreneurship lessons available through the rest of this term that you can easily plug into your class.

We’re specifically releasing exercises that are not only engaging, but particularly relevant in this time of dramatic uncertainty:

  1. Problem-Inspired Idea Generation: We know customers don’t buy products, they buy solutions to problems – and right now people’s problems have changed dramatically. This exercise will show your students a systematic way to identify new opportunities inspired by their customer’s real-world problems that is particularly helpful during times of disruption like we’re experiencing right now.
  2. How to Interview Customers on Lockdown: Now that business model assumptions have been flipped on their head, it’s more critical than ever that students learn how to effectively talk to customers to discover what problems they’re facing. A person with the skills to learn about how this new world will effect people individually, is a person that will thrive during this, and any future dramatic changes. This lesson will help students understand how to find customers to talk to, what questions to ask, and most importantly, why asking them will form the basis of a successful business model.
  3. Financial Projection Simulator: With a global recession looming, it’s essential our students understand the elements of a robust financial model, and how to develop a sustainable one. This exercise makes finance approachable by turning what would normally be an overwhelming series of numbers, into a game-like experience that enables students to experiment with many different financial models.
  4. 60 Minute MVP: The key to thriving in the face of high uncertainty and limited resources is efficient experimentation. This exercise will show your students how to quickly launch a Minimum Viable Product (MVP) to measure demand for their products/services. Plus, even outside the entrepreneurial context, in a future where online, remote-enabled work will likely be in demand, this is a great opportunity for students to learn how to build websites and create animated videos.

We’ll be making each lesson plan available as soon as it’s finished. If you’re interested in using any of the exercises from the ExEC Online: Express Pack, please fill out the form below.

Due to the accelerated pace we’re releasing these lessons, the first iteration will be designed for use in colleges/universities in the US and Canada. Future iterations will be accessible to students across a wider range of environments.

Regardless of who or where you teach, we welcome you to request access and we’ll notify you if, and as soon as, we’re able to bring your students on board!

Get the ExEC Online: Express Pack

Know a Teacher?

If you know anyone who these new lessons might be help, we welcome you to invite them to participate. You can:

Thank you for all the work you’re doing teaching, and supporting, young people during this challenging time – we’re grateful to have an opportunity to support you, and look forward to helping you however we can!


Join 10,000+ instructors and get new entrepreneurship lesson plans and exercises via email!

USASBE 3E Winner: Lottery Ticket Dilemma

USASBE 3E Winner: Lottery Ticket Dilemma

It is our pleasure to share with you the lesson plan that won the prestigious Experiential Entrepreneurship Exercises (3E) competition at USASBE this past January!
Entrepreneurship Education

If your students focus more on their products than their customers’ problems, this lesson plan is for you.!

Through this exercise, students will discover how important emotions are in the decision-making process, and the importance of understanding and fulfilling other people’s emotional needs.


Specifically, students will learn:

  • Why the majority of businesses that start end in failure, & how to avoid those failures
  • Customer decisions are driven by their emotions
  • To create products customers want to buy, we need to understand the emotional journey they want to take

Here’s how the lesson plan works…

Step 1: Set Context in Your Class

Use this exercise when students are beginning to think of ideas to develop – see the High Quality Idea Generation module in the Experiential Entrepreneurship Curriculum (ExEC) for explicit instructions to guide students to develop high quality ideas they are uniquely qualified to pursue.

Let students know there is a specific perspective that can help them develop powerful ideas that they will enjoy working on, and that today they will learn that perspective.

Step 2: Why Businesses Fail

Ask students to describe what they think the difference is between an inventor and an entrepreneur.

Inventors vs. Entrepreneurs

Walk students through the two comparisons to highlight this difference:

  • Segway vs. Razor scooters. Explain that Segway is an incredible invention, estimated to have a value of $2.5 billion, and that it was a colossal failure that reached only 1% of its market valuation. Then explain that Razor scooters (and now Bird and Lime electric scooters) are similar, but these far less “innovative” transportation options have generated far more market value – nearly $15 billion market. Point out that the Segway creator is an inventor because he focused on his emotional needs (building something technologically innovative, whereas the creator of the Razor scooter are entrepreneurs because they focused on creating products people actually decide to buy and use.
  • Google Glass vs. Warby Paker. Explain that Google Glass, like Segway, was invented as a revolutionary technology, but ended up being the butt of many jokes. Warby Parker, on the other hand, sells glasses that actually solve a problem for customers, so customers want to buy and use them.

Step 3: Setting Up the Game

Tell your students that to understand what people decide to buy, they must first understand how people make decisions. Explain they will play a game to figure that out, and the team that wins a game will get to pick their prize.

Explain that to play the game, your students will:

  • Form teams of two
  • Listen to a recording
  • Answer one question about the recording
  • The team that answers the question the best gets the prize

Let students know they will pick between a real lottery ticket worth up to $40 million, or a dime. Be sure to emphasize the potential value of the lottery ticket (e.g., a chance at $40 million) as opposed to simply describing it as a lottery ticket. Even if the jackpot is more than $40 million, tell them it’s worth $40 million to keep the math consistent for this exercise.

Tell your students that, based on the odds of winning the lottery, and the taxes they’d have to pay on any winnings, the dime is, strictly speaking, more valuable than the lottery ticket. Students should talk in their dyads and decided which prize they want.

Step 4: Lottery Ticket vs. Dime

Ask students to raise their hand if they want the dime. Then ask them to raise their hand if they want to lottery ticket.

The majority will pick the lottery ticket. Ask them

Why do you want a prize that is objectively worth less?

Probe them with questions that highlight any emotions associated with your students’ choices as you begin to hand out copies of the Emotional Palette Canvas

NOTE: Some students will indicate they want the dime instead of the lottery ticket. Be sure to dive in to understand why they want the dime. Ultimately, their preference for the dime will have an emotional component as well, even if it appears to be based entirely on logic (e.g. they want to feel confident, smart, etc.).

Step 5: Emotional Palette Canvas

Explain that this canvas is a tool to help them visualize and compare the intensity of different emotions.

Emotional Palette Canvas - Federico Mammano

Ask students to find the emotions they would feel if they won the lottery ticket. Scores should be in the +3 or +4 range. Ask your students to discuss in their dyad the following question:

Using the Emotional Palette Canvas, how can you explain why most people prefer the shot at $40 million, as opposed to an objectively more valuable dime.

NOTE: The correct answer is that while the objective value of the dime is higher than the lottery ticket, the emotional value (e.g. hope, excitement, fun, etc.) of the ticket is much higher than the dime. Teams should use the Emotional Palette Canvas to illustrate that the lottery ticket emotions “score” higher than the dime emotions.

Step 6: The Man Who Couldn’t Feel

Switch now to the questions that will determine the winning dyad. Tell students to listen carefully to the podcast you will play and think about this question:

What role do emotions play in decision making?

Play this podcast listed in the lesson plan.

Step 7: How Humans Make Decisions

After the podcast, have students answer the following to determine the prize winner:

  • They must link all of the concepts covered today:
    • The difference between inventors and entrepreneurs
    • The majority of the class wants the objectively less valuable, but emotionally more valuable, lottery ticket as a prize
    • What you learned from the podcast
  • To describe:
    • What role do emotions play in decision making?
    • Why did we, like most entrepreneurs, failed in our first experiment?
    • What we should do different next time to avoid repeating our mistakes?

For a sample answer, download the lesson plan!

It may take a few attempts for teams to get all the elements of this answer correct. After a team guesses, provide them feedback and then let another team answer. Continue until all of the elements above have been spoken to.

NOTE: So many people, including the majority of our students, think our decisions are based on logic, reason, and rational thinking. This is an opportunity to highlight that’s not the case. Drive this point home, especially if you’re teaching a large number of logically-oriented students, like engineers or scientists.

Step 8: Recap

This is your chance to drive home the main points of this lesson.

  • There’s no such thing as a human making a purely logical decision. Without emotions, we can’t make decisions.
  • Emotions influence every decision we make including what products are successful and who gets what jobs.
  • Whether one become an entrepreneur, or get a job, how much money one makes depends on how well they understand and fulfill other people’s emotional needs.

Get the “Lottery Ticket Dilemma” Lesson Plan

We’ve created a detailed “Lottery Ticket Dilemma” lesson plan. This exercise walks you, and your students, through the process, step-by-step.

Get the Lesson Plan

 

It’s free for any/all entrepreneurship teachers, so you’re welcome to share it.

This lesson is part of our fully experiential curriculum. If you’d like to see the entire curriculum, click to learn more.

 

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