Entrepreneurial Studies for Young Children and Adults

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Image Source- https://theknowledgereview.com/

More universities today are offering opportunities for college students to develop entrepreneurial skills. It’s not just business students either, as other degree programs, like engineering, are teaching students the worth of entrepreneurial mindsets. While some people tend to think about entrepreneurship as starting one’s own business, it’s not necessarily the case. You can even be an entrepreneur within an organization because it means being innovative or driving a business forward. In the digital age, people within the working world are increasingly expected to be innovative and artistic thinkers.

As technology becomes more embedded in our everyday lives, there’s a greater need for those that can do what new technologies like computing (AI) can’t: think outside the box. But rather than waiting until college to develop an entrepreneurial mindset, kids can even be taught valuable skills that are linked to entrepreneurship, like creativity and resilience.

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Photo by CDC on Unsplash

Schools are beginning to teach kids entrepreneurship by getting them involved in projects like running their own makeshift restaurants. But parents also can teach kids these skills. Entrepreneurship stems from skills like innovation, creativity, resilience, critical thinking, and interpersonal communication. There’s been a steep decline in real entrepreneurs over the last decade approximately. Plenty of internet startups and little businesses doping up online, but nothing like Elon Musk or Mark Zuckerberg. If a child has the potential to be the following world-changing entrepreneur, it’s our job as parents to assist them to foster it.

By encouraging child entrepreneurship at an early age, we essentially assure the long run generation of businessmen and pioneers that it’s okay to make the most of their creativity instead of denying it.

Teaching kids financial literacy helps them mature to become responsible, financially-savvy adults. One way is to convey them incentives to avoid wasting, once they kindle a special toy or gadget, teach them a way to save their pin money or allowance to figure towards buying it. Parents may teach their kids a way to spend money properly by giving them some buying power and letting them accommodate money by paying the cashier.

What about the youngsters that don’t seem to be entrepreneurial inclined? There’s no reason you can’t teach them entrepreneurial skills, either! Entrepreneurial skills can benefit your kids regardless of where their passion takes them. It’ll also encourage being highly advantageous if they take these skills with them on their respective career paths.

With that said, here are 7 ways to try and do it:

1. Teach them the way to recognize opportunities

2. Allow them to Solve Problems

3. Inspire Resilience

4. Help Them Start Enterprises Early in Life

5. Teach Financial Literacy

6. Teach Goal Setting

7. Teach Technology Skills

Goal Setting is another great entrepreneurial skill that lots of successful business people like Richard Branson, Warren Buffett, and Elon Musk employ. they’re practically obsessive about writing their goals down and tracking them as closely as possible. Digital notes, traditional pen-and-paper, voice memos … whatever method they choose, smart business people impose setting SMART goals.

And yes; SMART is capitalized for a reason:

S — specific

M — measurable

A — achievable

R — realistic

T — timely or time-based

Studies show that individuals are 42% more likely to realize goals that are written down. And if these goals follow the SMART criteria, the likelihood drastically improves yet.

I hope you have got a good experience in which you are doing well in whatever you select in your future. Just remember — you get what you set into things. If you’re employed hard at something and thus put plenty into it, you may get plenty out of it — rewards, experience, and satisfaction.

Contributed By- Archit Jain, Content Writer @ Mitti Ke Rang

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