Entrepreneurship education has the mandate to equip the youth with functional knowledge and skill to build up their character, attitude and vision. It prepares people to be responsible and enterprising individuals. It helps students develop the skills, knowledge, and attitudes necessary to achieve the goals they set out for themselves. Evidence also shows that people with entrepreneurial education are more employable.
Today students are very dynamic and they have the capability to think out-of-the-box. Due to the help of forward thinking of people and organisations, these days, many schools have inculcated the teaching of entrepreneurship in their classrooms. Some students around the world have successfully launched their business and are getting support from venture capitalists and angel investors.
Following are the few ways in which entrepreneurship skills can be introduced in schools or classrooms.
Business idea class: Once a month, public speaking class can be organized for the students, where they are required to come up with business ideas, along with their project report. While engaging in speaking event, students are required to give each and every detail of the business, such as capital required, raw material and machinery, skilled and unskilled labor. Such activities in classrooms can boost the morale of the student and can instill confidence. This entrepreneurship skill is quite imperative for the students, as it teaches the students to critically analyze the solution.
Remedial measures: After understanding the problem, all the students of the classroom can give an individual solution to the problem, by writing their names on the paper, along with the solution. This procedure will help the students to think constructively. This will not only enhance their confidence, but will also give them a sense of achievement and will therefore, develop a healthy relationship amongst the students.
Competition at the school and inter-school level: Some competition can be organised in the school itself, where the students from different houses can participate and can bring business ideas, with the help of their teachers. If such inter-house programmes get success, then the same can be done at the inter school level, where different schools can participate in the competition and can come up with business ideas. The winner’s idea can be partially financed by the sponsors. This will enhance the growth of the students and will prepare them for the future challenges and complex questions.
Guide groups: Group of commerce teachers from various schools can take an initiative to form a group on Whatsapp or other social media platforms, in order to discuss the ideas presented by the students and try to find an opportunity for the students. This method will be beneficial for the students and teachers can also contribute to the development of the society, by encouraging the new entrepreneurs in the society, who is a youngster.
Introspection: No business or no idea can be successful, until or unless that idea is properly scrutinised. This can be done by the team of experts, who has the experience, and for this, the best choice would be the angel investors or the venture capitalist of the area, city or the state, whichever is available. Nobody can be a better help than the people mentioned above, as they possess the right amount of experience and knowledge. Once they clear the idea, then it can be executed.
Business skills or an idea might look very simple, but it requires a huge amount of hard work, dedication and focus. But with a positive mind-set and a few methods and tools, teachers can help the students and can develop entrepreneurship skills. Adhering to the few ways, entrepreneurship skills can be introduced in the school or classrooms as well.
By : Sandeep Dutta HOD Business Studies of Tula’s International School