Teaching Children Entrepreneurship

Wondering how teaching children about entrepreneurship can change their lives? Empowering kids at a young age to learn about running a business can lead to increased independence and the potential for higher earnings over the long-term. This happens with the help of supportive parents that foster development.

Nurture and Motivate a Passion for Business 

Children don’t have to run a business, or even have a job, in order to recognize entrepreneurial opportunities. Helping your kids to recognize businesses in their daily routine can help them with self-discovery, creative insight, and an appreciation for monetary value. 

Thinking of ways to incorporate business lessons into your child’s lives include identifying the cost of their favorite toys, saving money to purchase something of higher value, or involving them in selling things online. Finding chores around the house and negotiating how much doing that chore should cost is another great way to nurture business sense.

Encourage Your Kids to Ask Questions

When children explore their environment or learn new concepts, they often ask questions to help them with general understanding. Instead of providing them with direct and firm answers, allow their curiosity to help them discover the world around them on their own terms.

With obvious safety considerations and precautions in mind, allow your kids to go into their community and engage with people from different backgrounds. The opportunities they might discover will allow their curiosity to grow while helping them formulate new questions to ask and evaluate different answers.

Set Short-term and Long-Term Goals

Since planning and goal setting are important factors in entrepreneurial success, practicing these positive habits will improve a child’s development. One of the easiest ways to teach kids about goal setting is to get them to practice the S.M.A.R.T (Specific, Measurable, Achievable, Realistic and Timely) technique. 

Ask your child to define and document their top five goals or objectives, and then apply S.M.A.R.T. to each of those goals. After carefully considering the actions necessary to accomplish these goals, encourage and support your child throughout the process to help them reach success. This exercise will help to increase your child’s confidence and give them a sense of personal accomplishment.

Articulate Financial Literacy

Teaching your children from an early age about financial literacy can give them a solid foundation for business. Unfortunately, most schools don’t teach about finance, or give enough attention to basic concepts of spending, saving and interest.

Educating your children about saving and investing can help them learn how money can be used to leverage business. Examples of how you can teach your kids about finance are to talk about what you do to save money, how you spend it, or what you spend it on. Even if you don’t take their advice or use their ideas, involving your children in money issues can help teach them about responsibility and nurture their entrepreneurial mind. 

Promote Teamwork 

Successful entrepreneurs manage employees, outsource professional tasks, and partner with vendors in order to keep their business running smoothly. In the same sense, children will gain a lot of experience in reaching common goals by learning how to play well with others.

Enrolling your child into team sports, academic clubs, or community music classes can help them develop teamwork skills. Any type of event that takes children into an environment of social activity is a great classroom for learning core people skills and values that can be applied to business. Also, practicing effective communication skills in a group setting allows kids to articulate their ideas, speak their mind, and solve problems.

Embrace Failure to Learn from Mistakes 

Although children learn that failure is bad in school, entrepreneurs know that positive lessons can be learned from mistakes. Failure is not entirely bad when it provides an opportunity to create new perspectives or ways to accomplish goals.

Rather than associating punishment with failure, open a positive conversation with your kids. Discussing the factors that lead to the failure, how it affected them overall, and brainstorming ways to prevent it from happening again in the future can help them develop positive problem-solving skills.

Be a Leader by Example 

Entrepreneurs often credit their success to the people that inspired and motivated them the most. In the same sense, children are often inspired and motivated by their parents in all aspects of their lives.

Leading by example is easy, and working hard, learning from your mistakes, and being respectful are a few things that you can do. By practicing what you preach, your child will absorb and develop the same habits of success.

The Future of AI and Machine Learning

Artificial Intelligence (AI) and Machine Learning (ML) are continuing to extend to virtually every new technology embedded service, product, or application. In today’s business world, being able to anticipate the future of AI and ML trends can help leaders transform their current operations, adapt their processes and reach long-term goals.

Defining AI and ML

AI has been developed to include any technique that enables computers to mimic human behavior. ML is a subset of AI that incorporates statistical methods to enable machines to improve themselves through experience. ML powers intelligence systems through deep learning tools that compute multiple layers of rules, data and networks.

For decades, AI was a prediction that was initially associated with robots. Today, AI and ML are incorporated in almost everything we use, commonly denoted as “smart technology.” Intelligent systems are becoming significant aids in comfort, communication, and time-saving applications.

In recent years, AI and ML have transformed most industry sectors, including retail, manufacturing, finance, and healthcare. Companies that adopt these technologies can expect a faster evaluation of context and data, improved efficiency and expansive growth in their markets.

Future Benefits of AI and ML in Business Processes

AI and ML-powered systems have improved the way business is done across all industries, but they’re also changing some of the application-development processes of tomorrow. Businesses will need to continue to evolve as these frontier technologies bring about transformative changes, provide new benefits, and influence gross profits.

Eliminating Repetitive Business Operations

With AI technologies being able to take control of mundane and repetitive tasks, workers have more time to focus on complex problems. For operation managers, AI can help identify areas that have high labor costs, obstacles that decrease efficiency and offer solutions for improved productivity.

For administration staff, scheduling, rescheduling and cancelling meetings can be a waste of time, and lead to added stress. With AI applications, meetings can be scheduled automatically, and notes can be recorded, transcribed and shared in an instant.

Identifying Security Risks and Protecting Data

Software powered by AI can automatically address security threats by evaluating thousands of data points that humans would never be able to detect in real-time. Malware attacks, potential insider threats, and cybersecurity issues are a few examples of system detection that AI can automatically serve, or alert appropriate authorities.

Simplifying Recruitment

Human Resource Departments are faced with the frustrating and time-consuming task of hiring new workers. With developments in AI, interesting job descriptions are written through augmented writing platforms that compile various job postings, automatically recommend suitable content to encourage job seekers, and schedule interviews. Managers can review candidates and hire workers quickly, reducing the stress of previous hiring processes.

AI and ML Impact on the Job Market

One of the concerns of improved AI technologies includes whether or not it will replace human jobs. Through automation, intelligence and job creation, AI has improved human efficiency, reduced repetitive work, and redefined job descriptions in different sectors.

Automation Opportunities and Challenges

Industry users understand AI through data, processes and actions. AI improves workflows by processing data automatically to deliver new products and services, as well as provide useful feedback.

Due to the advances in automation, opportunities and challenges exist at the same time. On one hand, AI speeds up workflows, supports decision-making, and creates new business models. On the other hand, AI and ML automation detract from monitoring services, allowing aspects of real-world contexts that can change aspects of our society in the future.

Intelligence and Innovation

AI has caused breakthroughs in several application-layer technologies, creating new business models and industries as a result. As services continue to grow, Machine Learning as a Service (MLaaS) will provide natural language processing, predictive analysis, and intelligent data visualization.

Job Replacement, Improvement and Creation

The distinction between job cuts and increased efficiency is based on a manager’s judgment as to whether manual work is replaced by AI. Ideally, if the core aspect of a process can be serviced by technology rather than by manual work, then the position can be eliminated due to AI.

If technology is unable to replace the core activity of a position, due to skill requirements or cognitive tasks, then it may be used differently. If manual labor is still needed to perform a job, AI may help transform the work environment, increasing efficiency by workers instead of simply replacing them.

Best Practices to Apply in Business

If you’re a business owner, you may be overwhelmed with new problems on a regular basis. In order to improve the performance of your business, obtain sustainable growth, and become more profitable, it’s in your best interest to follow the best practices of successful companies.

Clearly Define Your Business Strategy

In order to get the most value from your business, carefully defining your strategies helps to keep everyone in your organization focused on short-term and long-term goals. Strategies don’t have to be overly complicated, and some simple examples include:

  • Reducing costs and waste
  • Developing new markets and becoming more competitive
  • Adapting to new technologies
  • Increasing efficiency, productivity or quality
  • Improving employee skills through training

Creating a business strategy helps to assess your current environment, identify strengths or new opportunities, and eliminate weaknesses or threats. Hiring a third-party to review your business strategy can provide an objective point of view and add value elements to your strategies that you might have overlooked.

Improve Your Operational Efficiency

Best practices in operations help to convert materials and labor into goods and services as efficiently as possible, in order to maximize profit. Examples of best practices used by operational managers include:

  • Purchasing equipment or software upgrades to improve productivity
  • Improving communication coordination to deliver information quickly and accurately
  • Evaluating revenue collection processes to improve cash flows
  • Training employees to develop more efficient skills

Bringing best practices and innovation to quality management, inventory control, delivery, and data processing helps to fill gaps in process workflows. Successful companies will streamline their operations to cut unnecessary expenses, simplify employee workloads, and ultimately dominate their industry.

Attract and Retain the Best Talent

Successful businesses attract, develop, and motivate their employees; from the ground floor to senior management. In order to get the best out of your people and attract the best talent, you can:

  • Set realistic targets and reward achievements
  • Communicate clearly within all levels of your organization
  • Involve employees in the development of the business
  • Adopt flexible work schedules
  • Implement policies that encourage equality and diversity
  • Offer continuous employee development and training

The best employees are often able to identify areas of improvement and adapt their methods to changing market demands. By trusting the developed workforce, a business can keep processes heading in the right direction, and streamline operations, and stay ahead of the competition.

Embrace Your Digital Footprint

As technology continues to evolve, businesses are capitalizing on new ways to market and sell their products and services. Best practices for successful businesses involve harnessing the Internet of things to benefit their market in several ways, including:

  • Improved global reach through websites and online sales
  • Lower costs by moving away from traditional storefronts, brick and mortar, or wasted ad space
  • Level the playing field by servicing geographically different markets
  • Increase targeting through websites, e-mail lists, and social media campaigns

Implementation is key for a successful marketing campaign. While too many ideas can complicate your message, monitoring your campaign can make it easier to pivot, eliminate pitfalls, and optimize your resources. 

Offer Superior Customer Service

Exceptional customer service can help your business build a competitive advantage, increase your revenues, and expand your market. Some of the easiest ways to improve the customer service experience through best practices include:

  • Create policies to keep customer service consistent
  • Only make promises you can deliver on
  • Treat negative feedback as an opportunity to grow
  • Use devices that the customer is most comfortable with, either by phone, e-mail or in person
  • Respect your customer’s time
  • Empower employees by provide recognition for exceptional customer service

With customer service leading to satisfaction, your clients are likely to recommend your business to friends and associates. Keep in mind that a customers’ experiences will be defined by the skill, timeliness, and quality of the support they receive.

Avoid Barriers to Implementing Best Practices in Your Workplace

In many organizations, best practices can be slow to spread, even if the ideas are productive, cost-effective, and easy to understand. The main barriers to adapting best practices include a lack of knowledge about the processes, no motivation from employees to make changes they’re involved with, and a disparity in the skills required to implement them.

For your business to succeed, your organization needs to work together to adjust in accordance with the marketplace by figuring out what works, and eliminating what doesn’t. A best practice tends to spread easily throughout the organization when success has been demonstrated, and all employees see the benefits of it.

Inspiring Young Coders From All Around the World

When we think of people in coding, kids are probably the last to come to mind. But as technology continues to advance, so is the calling for more STEM professionals, with many industries looking to younger generations to become the next industry leaders.

Here are some of the most inspirational young coders today.

Error: Error not Found

Image Credit: Traffic India Office on Twitter

Error: Error not Found is the winning team of this year’s Zoohackathon, a two-day tech competition where young minds contribute their ideas to help the animals of India. These young representatives from the University of Delhi developed an open source text-based application called Wildlife Guru, which lets users report illegal wildlife trade activities. Team Error: Error not Found won because their coding work has the potential to help millions.

Chattanooga Girls

Image Credit: WTVC

In today’s society, the demand for digital devices in every aspect of life has led to a burgeoning cybersecurity industry. In fact, statistics from Maryville University reveal that the field is growing three times faster than any other IT role, with the demand for the number of cybersecurity specialists nearly doubling between 2013 and 2019 alone. Despite this, Government Technology claims that there is still a huge gender gap in cybersecurity, even though “North America will face a shortage of 265,000 cybersecurity workers by 2022.” The good news is that there are plenty of female coders who are making inroads into the industry. Fifteen students from the Chattanooga Girls Leadership Academy (CGLA), in Tennessee, competed in an international cybersecurity tournament called MAGIC Capture the Flag. Even though they didn’t win the competition they demonstrated why the cybersecurity industry must do more to level the playing field and encourage more women into the industry.

Samaira Mehta

Joining the league of young female trailblazers, Samaira Mehta is a name you’ll be hearing a lot in the industry. Three years ago, this 11-year-old Californian prodigy made a board game called CoderBunnyz, which aims to teach its players the basic concepts of computer programming. The game was so popular that it sold hundreds of copies during its first year, which is what led Samaira to start her own company—Intel and Sun Microsystems—at age nine. Lately, she’s been invited to speak at workshops, forums, and events for Google and Microsoft. Samira has proven that age is only a number when it comes to revolutionizing an industry.

Basil Okpara Jr.

Image Credit: MBBA Global

In Nigeria, CNN reported on a 9-year-old boy who built over 30 mobile games to “keep [himself] busy when [he’s] bored.” The wunderkind is Basil Okpara Jr., who uses Scratch—a block-based visual programming language—to help him code. Today, some of his games like Mosquito Mash are found on the Play Store. Like Samaira, Basil is an example of how younger coders will be the next tech industry experts.

Blog Credit: Reena Lopez

Future Careers in Technology

The tech industry is a force to be reckoned with. In fact, the Bureau of Labor Statistics expects 13% growth within this sector by 2026. With many new jobs on the horizon and a plethora of opportunities still to come, it’s important that today’s children be educated for tomorrow’s top careers. There’s a huge calling for employees in the tech industry, and it’s never too early to get started.

Programs like the after-school classes at iCode provide kids with the stepping-stones to future careers in technology. Throughout this article, we’ll examine more closely the top five tech careers currently trending, and what’s expected in these fields.

1. Applications Software Developer

Scientific projections put the software industry at nearly 950,000 American developer positions by the year 2030. With a median salary of more than $100,000 annually, it is a worthy goal for any tech superstar. Individuals in the app software developer field do more than just whip up fun games for mobile devices. They produce the programs you use every day on your computer, laptop, tablet, and more.

Students considering a job as an applications software developer should attend a university with a strong computer science program. Software developers require an undergraduate degree and some specialized training. Applications software development is one of the fields that we specialize in at iCode. Our afterschool programs provide a strong foundation, stimulating critical thinking, and self-confidence in programming.

2. Operations Researcher

Operation researchers work hand in hand with applications software developers and other tech professionals. They do the legwork investigating current data and programming to determine which new technologies will be a future success. Using methods such as data mining and forecasting, operations researchers require strong math and organizational skills to predict the best path forward for their businesses.

The U.S. Bureau of Labor Statistics places current projections within this field at 114,000 operations research jobs within the United States by 2030. With a current median salary of over $83,390, there’s certainly room for growth. Like software developers, future careers as an operations researcher have a minimum requirement of an undergraduate degree.

3. Website Developer

Websites are the bread and butter of the e-commerce industry, which has prompted a need for web developers. Web developers, like many in the tech field, require a bachelor’s degree. The median salary in this industry is $64,970, with a projected growth of 27% between 2014 to 2024.

Web developers do more than tweak the aesthetics of a website; they also design the layout and technical functionality. As the e-commerce industry evolves, the call for web developers has grown with it. It has quickly become one of the most required positions in the field of technology, making it an excellent choice for a future career.

4. Computer Hardware Engineer

Unlike other tech jobs, a computer hardware engineer uses a hands-on approach to master the physical body of a computer. They design the computers you use at home and work, as well as specialty computers for scientific research and transportation. Specialists in this field earn $115,120 as a median annual salary.

While some computer hardware engineers receive entry-level work with an undergraduate degree, most require a master’s degree to excel in experienced roles. That is due to the intricacies involved in the role, such as building and rewriting circuit boards, microchips, and more.

5. Computer Support Specialist

Computer support specialists work with businesses and individuals to ensure that computers function properly. With over 667,000 Americans employed in this field, computer support specialists are guaranteed a future career in the tech industry. The average salary for a computer support specialist is around $61,600. Employees in this field can expect to work with:

  • Professional IT Firms
  • Universities and Colleges
  • Computer Design Companies
  • Hospitals and Other Healthcare Facilities
  • Private Businesses

Computer support specialists require an undergraduate degree with a specialization in Information and Computer Sciences. iCode offers programs for children to begin their computer science journey. With innovative lesson plans in science, technology, art, engineering, and math (STEAM), students achieve the skills needed for future careers in this field.

Getting Started on the Path to Success

Whether your child decides to be the next Bill Gates or a renowned graphic artist, having basic technical skills opens doors to exciting opportunities. With afterschool programs, high school programs, summer camps, and more, iCode can help spark interest in exciting future careers. Our team works hard to empower and enrich the lives of children ages 6 to 18. iCode strives to provide the education and experience necessary to reach and surpass future tech goals. Contact us to learn more.

iCode, DFW’s premier school for computer science, coding and robotics, and Medology 360!

Frisco – 11/9/2017 – iCode, DFW’s premier school for computer science, coding and robotics, and Medology 360, a startup offering services in lead generation, business analytics, innovation collaboration and digital presence optimization, are collaborating to bring local students real life hands on coding experience. Abid Abedi, CEO of iCode and Dan Ma, CEO of Medology 360 are excited to announce the incubator for Medology 360 at iCode which will use iCode students skills  in algorithms, Databases, Java, Python, website, Agile and much more to interface on a project.
iCode has become an incubator  for students to work with startups like Medology 360 as more and more parents become aware of the need for an education in computer science and the demand for qualified programmers and software engineers.  The new project is expected to begin within the next few weeks at the iCode East Frisco Campus.
According to Computer World, IT jobs will grow at a steady 22% by 2020 with the highest growth in healthcare.  When we look at the growth and the base salaries which, according to Chicago Tribune, begin at $108K,  there’s will be a growing need for partnerships like iCode and Medology 360.
iCode offers a comprehensive computer science curriculum taught in a martial arts belt format using agile methodology. Students begin with a foundation belt which begins with teaching them basic algorithms and computational thinking at the young age of 6 and they move through until they finish in 8th grade with python and some java. iCode offers high school students specialized courses in Java, Databases, Networking and Cybersecurity.
Tania Hussain
4577 Ohio Drive
Frisco, Texas 75035
tania.hussain@icodeschool.com
469-608-7023

Micheal Wood Named Director of iCode Frisco, Texas, Location

Dallas – April 20, 2017 – iCode Inc. , which offers after-school, weekend and summer programs that provide science, technology, engineering, arts and math (STEAM) education to students in first through 12th grades, announced that experienced educator Micheal Wood has been named the director of iCode’s Frisco, Texas, location. As director, Wood is responsible for the leadership and management of the day-to-day operations of the Frisco campus, including working with instructors, parents and students regarding iCode’s after-school and weekend programs, summer camps, hackathons and boot camps.

“My mission as an educator is to make learning enjoyable and exciting – if students look forward to attending school, they will want to learn,” said Wood. “I take great pride in seeing our students at iCode Frisco thrive and succeed using the skills they learn at our programs.”

Wood has been an educator in public and private school systems for more than 20 years. He began focusing on K-12 school technology-centered education in California in 2005 through the creation of online blended learning programs. .

“Micheal is very passionate about his experience as an educator and enjoys sharing that passion with others,” said Abid Abedi, co-founder and CEO of iCode Inc. “He believes that education should center on developing the technology skills that students will need to be successful in the 21st century and beyond. Micheal’s philosophy to technology education closely aligns to iCode’s approach that students learn to create technology while working in a cooperative environment using independent thinking and problem-solving skills.”

During his career, Wood has expanded his educational experience and knowledge to include combining technology with state-of-the-art curriculum and education policies. Prior to becoming a school administrator, he taught high-school level chemistry and biology, and holds education credentials from both California and Texas. Wood earned a bachelor of science in biology from Tarleton State University, and a master of arts in education from California State University.

The iCode Frisco campus is located at 4577 Ohio Dr., Frisco, TX. For more information, call +469-608-7023 or visit icodeinc.com.

About iCode Inc.

Based in Dallas, iCode Inc. was founded in April 2015 and provides instruction in an exciting and unique learning environment that resembles a high-tech campus. iCode offers after-school, weekend and summer programs in STEAM (science, technology, engineering, arts and math) courses in computer programming, robotics, and innovation for students from first through 12th grades. Its courses use agile technology to teach students the latest in robotics and embedded technologies. iCode students not only control and play with artificial intelligence technology, they actually learn how it works. iCode also offers adult boot camps to help adult learners obtain new technology skills for the workplace. For more information about offerings and enrollment, visit icodeinc.com.

Media Contact for iCode

Linda Graham
The Power Group
linda@thepowergroup.com
214-498-6313

FRIDAY SOCIAL

It can be tough for students to find a group in which they can interact with others who are like-minded and share the same passions and hobbies that they do. At a young age, it is even harder to meet with other students and build those lasting friendships. At iCode, we sought to create a way in which students can accomplish 3 different objectives:

1) Find an atmosphere full of fun and joy. By being able to create games, try new technologies, and experiment with the knowledge that they already know, students gain the ability to truly kickback and have fun.

2) Make connections- We invite a large number of students and children to our events, including students at iCode and students elsewhere, so that they can interact with each other and build friendships that allow for them to have fun as well as share a connection with.

3) To inspire creativity- At every Friday social that we have, we have events specifically to immerse students into topics that they previously had little to no interaction with, ranging from AI (Artificial Intelligence) to robotics and their utilities.

4) Build an atmosphere which is conducive to learning- We welcome parents to come and join in on the fun of creating apps and games by their children. We believe a family atmosphere of learning is the best way to teach students.

Essentially, Friday socials are a great way in which children can not only learn about new things and have fun doing so, but they can also meet with other children who are similar to them and will form lasting friendships with them.

iCode Opening Franchises in the Dallas Area