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Tag: Financial Modeling

AI in Academia 2024 Summit

AI in Academia 2024 Summit


TeachingEntrepreneurship.org is excited to invite you to the AI in Academia 2024 Summit with… 

4 AI Workshops for Educators!

Invite your entire department because . . .

The AI in Academia Summit won’t be entrepreneurship-specific.
Use what you learn to improve all your classes:
  • Increase student engagement 
  • Decrease your prep time
  • Combat AI plagiarism and 
  • Reduce grading time 

Each session will run from 1:00 – 2:30 pm Eastern on their respective days but if you can’t join us live, recordings are available for purchase.

Register Here


Tuesday, May 7th

Speed Up Course Prep with AI

Learn how to use AI to create:

    ●  Syllabi 
    ● 
 Lesson plans &
      Assignments


Tuesday, May 14th

Creating Engaging Games with AI

Learn how AI can help you design interactive games to play with your students.


Tuesday, May 21st

Half Your Grading Time with a Virtual TA

Learn how to use AI to:

      Reduce your grading time
      Decrease student questions about grading
      Send students feedback more quickly and more consistently


Tuesday, May 28th

Create the Perfect Case Study with AI

Discover how AI can help you develop and customize case studies for virtually any topic.

Register Here


Early Bird Tickets Available

We know budgets are tight right now so we’re offering a “Live Access Only” ticket free of charge.

Plus: Full Access tickets, which include recordings, slides, and a certificate of participation are $100 off before April 30th.

 

Register here so you don’t miss the AI in Academia 2024 Summit!

Register Here

Quick Slide: AI Is Your Co-Pilot

Quick Slide: AI Is Your Co-Pilot

Using AI makes some students nervous because they aren’t sure what it can and can’t do. They aren’t sure whether they can use it or how they can use it.

It’s our job to explain it in an engaging way.

Like the prototyping slides, you can use this slide to start a conversation to help your students think about how they can use AI:

AI is a coplit

This sets you up to introduce AI in an approachable way so your students generate more realistic output.

Combine these with the AI Interviewing Simulator or the How AI Thinks exercise or the exercise and your students will discover that…

AI can be a huge help on their journey!

LAST CHANCE!

In spring, if you’d like:

  1. Engaging activities
  2. Skills-based structure and
  3. Easy LMS integration

Get a preview of the Experiential Entrepreneurship Curriculum (ExEC).


What’s Next?

In upcoming posts, we will share exercises to engage your students.

Subscribe here to be the first to get these in your inbox.

Join 15,000+ instructors. Get new 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:

  • Pilot Your Purpose. This exercise helps students discover what they’re passionate about and see how learning entrepreneurial skills can turn that passion into their purpose.
  • 2021 Top Lesson Plans. Here is the list of our 2021 top entrepreneurship exercises and lesson plans based on feedback from our fast-growing community of thousands of entrepreneurship instructors.
  • “The best class I’ve taken!”  We all want a Dead Poets Society moment in our entrepreneurship class. One professor using the Experiential Entrepreneurship Curriculum got hers!
  • Teaching Customer Interviewing. This card and the online game is a powerful way to teach students the importance of customer interviewing, and the right questions to ask.
Teaching Entrepreneurship AI Summit Summer 2023

Teaching Entrepreneurship AI Summit Summer 2023


The Teaching Entrepreneurship Summit is back with . . .

4 AI Workshops for Educators!

With new AI tools coming out every day, it’s hard to know which ones are useful for teaching.

In this special AI summit, you’ll:

  • Get up to speed on AI in education
  • Get several fun exercises to show your students the power of AI
  • Discover how to avoid AI plagiarism
  • Learn how AI can save you endless time (e.g. faster assessment)

Register Here


Learn Best Practices For Leveraging AI

The Teaching Entrepreneurship Summit will help you make the most of AI.

Register now so you don’t miss it!

Each session will run from 1:00 – 2:30 pm Eastern on their respective days but if you can’t join us live, recordings are available for purchase.


Tuesday, May 9th

AI Demystified: A Guide for Entrepreneurship Educators

Exercises to introduce your students (and yourself) to AI:

  • What are the best AI tools for entrepreneurship classes?
  • How can AI improve students’ business ideas?
  • How can AI make assessment faster?
  • How do you mitigate concerns about AI in the classroom?

Tuesday, May 16th

Using AI to Teach Customer Interviewing

The pandemic only exacerbated students’ customer interviewing anxiety.

In this session you’ll learn AI-powered exercises to help your students:

  • Find the right customers to interview
  • Learn the best questions to ask
  • Practice customer interviews with an AI “chat coach”

. . . all of which will build their interviewing confidence!


Tuesday, May 23rd

Teaching AI-Enabled Financial Modeling

Blow your students’ minds when you show them how easy it is to make robust financial models with the help of AI.

During this workshop you’ll get exercises to help your students:

  • Understand financial concepts
  • Develop accurate financial models
  • Learn how to validate those models in the real world

Tuesday, May 30th

AI Tools to Build Better MVPs 

Your students will be able to test demand for their products and services faster than ever with AI tools to help them:

  • Launch professional MVPs in minutes (no coding required)
  • Write amazing marketing copy
  • Generate powerful imagery for their MVPs, ads, and videos (no design experience required)

Register Here


Early Bird Tickets Available

We know budgets are tight right now so we’re offering a “Live Access Only” ticket free of charge.

Plus: Full Access tickets, which include recordings, slides, and a certificate of participation are $100 off before April 28th.

BONUS: We’re a team of experienced engineers, educators, and entrepreneurs with decades of combined experience. We know AI can be intimidating, so we’ve done the work sifting through what’s out there and what’s worth it.

Exclusive to Full Access ticket holders, join us for an “Ask Us Anything” session where we’ll help you tackle any challenge you have in your entrepreneurship class – AI-related or otherwise.

Register here so you don’t miss the AI Summer 2023 Summit!

Register Here

Recordings, Slides & Lessons from USASBE

Recordings, Slides & Lessons from USASBE

Wow, USASBE was amazing this year!

Below you’ll find the slides, lesson plans, and where available, recordings from our presentations.

But first, we wanted to say thank you for such a fantastic conference and share some of our highlights:

HAPPY HOUR MILKSHAKES

Milkshakes at USASBE

MEETING SUMMIT FACILITATORS (IN REAL LIFE)

Twice a year we host the Teaching Entrepreneurship Summit showcasing the best entrepreneurship exercises we can find, and we couldn’t do it without an outstanding cohort of facilitators.

Teaching Entrepreneurship facilitators at USASBE

Renee Just, Kelly Reardon-Sleicher, and Krystal Geyer (left to right) are some of our best and most devoted facilitators. It was wonderful meeting them in person (and seeing the real-world “backpack” Kelly created for Krystal based on their Backpack Design Challenge experience)!

DOAN NAMED A JUSTIN G. LONGENECKER FELLOW

This award gives special recognition to the people whose outstanding passion for entrepreneurship is reflected in their teaching, writing, research, training, and public service.

Doan Winkel named a Longenecker Fellow at USASBE

Doan is one of only 85 people to be selected as a Longenecker Fellow over the last 36 years and we can’t thank him enough for his contribution to entrepreneurship education.

MAKING THE 3E PODIUM

This year’s exercises were the best we’d ever seen at USASBE.

Federico Mammano, Justin Wilcox, Doan Winkel - 3E Podium 2023

Considering the level of competition among the Entrepreneurship Experiential Exercises (3E), we were ecstatic, and honored, that the Financial Modeling Showdown got recognized!

This continues our streak:

FEDERICO BOWLING FOR THE FIRST TIME

Bowling at USASBE
                  That face says it all 🙂

Overall, we came away from the conference reinvigorated and recommitted to providing the best entrepreneurship education resources we can!

Speaking of which, here are all of our resources from USASBE:

SLIDES, LESSON PLANS, AND RECORDINGS

TeachingEntrepreneurship.org logo +

Get Slides, Lesson Plans, and Exercises

Includes resources from all 5 of our sessions:

  1. Marketing MVPs: Testing Demand on Social Media
  2. Making Finance Fun: The Financial Modeling Showdown
  3. Revenue Model Card Game
  4. Backpack Design Challenge: Intro to Design Thinking
  5. What is Your “F” Problem?

Just enter your email in the box above.

What’s Next?

In upcoming posts, we will share lesson plans, quick slides, and a variety of other resources to keep your students engaged!

Subscribe here to get our next classroom resource in your inbox.

Join 15,000+ instructors. Get new exercises via email!

Teaching Entrepreneurship Winter Summit

Teaching Entrepreneurship Winter Summit

Teaching Entrepreneurship Winter Summit 2022


The Teaching Entrepreneurship Winter Summit is back with . . .

2 New Workshops!

You and our community of entrepreneurship educators voted for your favorite workshops, and now they’re happening!

Register Here

Learn Best Practices

The Teaching Entrepreneurship Winter Summit provides you with top-performing exercises and lets you experience these exercises like your students will. Plus, they’re…

Free when you join us live!

Both sessions will run from 1:00 – 2:30 pm Eastern on their respective days but if you can’t join us live, recordings are available for purchase.

Tuesday, December 13th

See It Taught Live: Financial Modeling Showdown

Winter Summit 2022: Financial Modeling Showdown

Watch Dr. Doan Winkel teach his students financial modeling live* using a fun, interactive game that you can use with your students too!

*We’ll live stream cameras from the classroom so you’ll literally see how the lesson is taught.

Tuesday, December 20th

Engagement From the First Day

Winter summit: Engagement From Day One

Use this lesson to get your students to think like entrepreneurs from the first day of class. 

In collaboration with Jay Markiewicz from Virginia Commonwealth University.

Register Here

Early Bird Tickets Available

We know budgets are tight right now so we’re offering a new “Live Access Only” ticket to the Teaching Entrepreneurship Winter Summit free of charge.

Plus: Full Access tickets, which include recordings and slides, are $100 off before November 30th.

Winter Summit Benefits

Winter Summit map

At our last summit. . .

600+ educators joined us live!

Register here so you don’t miss the Winter Summit!

Register Here

Customer Interviewing: Crawl, Walk, Run

Customer Interviewing: Crawl, Walk, Run

Customer interviews make students anxious because they fear approaching strangers.

It’s our job to build their customer interviewing muscle.

Like the Make Entrepreneurship Relevant Slides, you can use these slides to get your students excited about interviewing customers.customer interviewing quick slide If you’d like to lower student anxiety around customer interviews, try this series of experiences:

CRAWL: Learn What To Ask

In your first class on customer interviews, consider using a lesson like the Customer Interviewing Cards to help your students learn:

  • What questions they should ask
  • What questions they shouldn’t ask
  • And, most importantly, why

Once your students have a good sense of what to ask during an interview, they’re ready to . . .

WALK: Interview Classmates

Students should get comfortable interviewing in a low-stakes environment, so have them start by interviewing 2 – 3 of their classmates.

It’s common for students to feel awkward conducting their first interviews. Let them know the awkwardness is normal and that’s why you’re giving them the opportunity to practice. Reassure your students that the more interviews they do, the more comfortable they’ll feel.

Bonus: Having students interview each other means each student gets interviewed as well.
When students get interviewed, they experience how validating it is to have someone listen to their problems.

When students realize that it feels good to be interviewed, they discover they won’t be bothering their interviewees. That insight alone can reduce their anxiety.

Note: The goal of classmate interviews is just to practice interviewing – they shouldn’t be used for real business model validation. Have your students start their classmate interviews off with, “What’s the biggest challenge you have as a student?” and then let the interview flow from there.

Click below to learn how your students can RUN and FLY with their customer interviews!

LAST CHANCE!

This spring if you’d like:

  1. Engaging activities
  2. Skills-based structure and
  3. Easy LMS integration

Get a preview of the Experiential Entrepreneurship Curriculum (ExEC).


What’s Next?

In upcoming posts, we will share more slides, videos, and exercises to engage your students.

Subscribe here to be the first to get these in your inbox.

Join 15,000+ instructors. Get new 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:

  • Pilot Your Purpose. This exercise helps students discover what they’re passionate about and see how learning entrepreneurial skills can turn that passion into their purpose.
  • 2021 Top Lesson Plans. Here is the list of our 2021 top entrepreneurship exercises and lesson plans based on feedback from our fast-growing community of thousands of entrepreneurship instructors.
  • “The best class I’ve taken!”  We all want a Dead Poets Society moment in our entrepreneurship class. One professor using the Experiential Entrepreneurship Curriculum got hers!
  • Teaching Customer Interviewing. This card and the online game is a powerful way to teach students the importance of customer interviewing, and the right questions to ask.
Financial Modeling Showdown: A Game to Teach the Basics of Entrepreneurial Finance

Financial Modeling Showdown: A Game to Teach the Basics of Entrepreneurial Finance

If your students get bored (or anxious) when you start talking about finance, you know what’s waiting for you:

Disappointing and unrealistic financial projections.

Financial modeling is incredibly difficult to teach in an engaging way.  That’s why, in addition to our Financial Projection Simulator, we’ve developed a new game to play with your students that makes finance fun and memorable:

The game works in two phases:

  1. Theory: Introduce a lightly competitive game that teaches students the core elements of a robust financial model
  2. Practice: Using the same concepts they learned in the game, students create a financial spreadsheet for their own business model

Check out this quick demo / summary video of the Financial Modeling Showdown:

At USASBE 2023, considering the high level of competition among the Entrepreneurship Experiential Exercises (3E), we were ecstatic and honored that this exercise received recognition and place on the podium too!


STEP 1: CREATE TEAMS

The first step in the Financial Modeling Showdown is to divide your class into two teams. Before revealing what choices students have for their teams, you’ll want to make big deal out of the fact that these two teams are mortal enemies and “disagree on just about everything” with the implication that the teams may be political in nature or represent major cultural differences.

Then you’ll tell your students to pick which team they morally align with most:

  • Team Pineapple: People who believe pineapple is a perfectly reasonable pizza topping
  • Team No Pineapple: People who believe pineapple has no business on pizza

Tell your students you’re going to play a game to determine if pizza topping preference is a predictor of entrepreneurial success.

This lighthearted way to create teams is quick, evenly distributes students, and sets a fun tone which is especially helpful for financial modeling exercises.


STEP 2: OPTIMIZE PROFITS

Tell your students they can put their pizza toppings preferences aside for now because they are all now inventors of a new product:

They’ve created a solar-powered cell phone charging case and their goal is to bring it to market in a way that will result in the most profitable financial model possible.

Students will then answer financial questions about their new product via a Google Forms survey (e.g. “How much will you charge for your product?”, “What do you want your salary to be?”, etc.).


STEP 3: THE WINNER IS…

As your students answer the financial questions, behind the scenes, the survey is automatically averaging the responses by team.

That means, as an instructor you’ll get a report that says (for example) on average:

  • Team Pineapple members want to charge $29.42
  • Team No Pineapple members want to charge $42.10

…and this is where the competition begins!

“It looks like Team No-Pineapple wants to charge more for their product. Of course, the more you charge, the more revenue you can make, so I’d say say they’re winning at this point. Next, let’s explore what effect conversion rates have on revenue, and we’ll see if Team No-Pineapple is still ahead.”

And just like that, you’re using financial vocabulary in a way that keeps students engaged because you’re using simple examples and leveraging a competitive game mechanic.

You’ll go through each of the major elements of a financial model this way, covering topics like:

  • Customer Lifetime Value
  • Customer Acquisition Costs
  • Salary, Taxes, and Benefits
  • Real Estate Costs
  • Unit economics
  • Etc.

And at the end, you’ll get to declare a “Winner.”

Or rather, you’ll get to demonstrate to students how hard entrepreneurship is to win. While one team will technical “do better” than their other team, it’s most likely that neither team will be profitable:

The game ends this way because we want to show students that:

Designing a financially sustainable business model takes iteration and experimentation.

Like everything in a business model, our initial assumptions are often wrong…and that’s why we do financial modeling!

Financial modeling is a tool to help them understand what assumptions they’re making about their business model that might set them up for failure.

If they begin modeling the finances for their own company, they’ll be able to see if they’re on the path to riches, or the path to ruin.

And this is the perfect segue for students to…


STEP 4: BUILD THEIR OWN MODELS

To apply the principles they learned playing the game, each student gets their own spreadsheet to model their business’s finances:

The results are financial models that are more realistic because students actually understand the concepts they’re based upon.


TRY IT THIS SEMESTER

If your students get overwhelmed by financial modeling, this exercise will help. Combining a competitive game with real-world financial modeling tools, students learn the core elements of a financial model in a way that keeps them engaged and results in realistic financial projections.

Get the Financial Modeling Showdown Lesson Plan

We’ve created a detailed lesson plan for the “Financial Modeling Showdown” exercise to walk you and your students through the process step-by-step.

Get the Lesson Plan

It’s free for any/all entrepreneurship teachers. Please feel free to share it.


What’s Next?

In an upcoming post, we will share exercises shared with our TeachingEntrepreneurship.org community by Business Model Canvas creator Dr. Alexander Osterwalder!

Subscribe here to be the first to get these in your inbox.

Join 15,000+ instructors. Get new 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:

  • Improving Your (Inherited) Course. Inheriting an entrepreneurship course presents many challenges. Re-design the course and provide engaging experiences with this curriculum.
  • How to Improve Student Outcomes & Evaluations. Journaling can transform your students’ experience in your classroom. And can be a great way to get quality feedback on whether you’re an effective educator
  • “The best class I’ve taken!”  We all want a Dead Poets Society moment in our entrepreneurship class. One professor using the Experiential Entrepreneurship Curriculum got hers!
  • Teaching Customer Interviewing. This card and the online game is a powerful way to teach students the importance of customer interviewing, and the right questions to ask.