develop entrepreneurial – Shiawase Win http://shiawase-win.com/ Wed, 09 Mar 2022 22:12:32 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://shiawase-win.com/wp-content/uploads/2022/01/profile-30-150x150.png develop entrepreneurial – Shiawase Win http://shiawase-win.com/ 32 32 Group trains 30 Bauchi women in entrepreneurial skills * 247ureports.com https://shiawase-win.com/group-trains-30-bauchi-women-in-entrepreneurial-skills-247ureports-com/ Tue, 08 Mar 2022 21:08:46 +0000 https://shiawase-win.com/group-trains-30-bauchi-women-in-entrepreneurial-skills-247ureports-com/ Advertising The Federation of Muslim Women Associations of Nigeria (FOMWAN) trained 30 women in business skills and entrepreneurship development in Bauchi State. Mrs. Fatima Abubakar, FOMWAN Youth Officer, said so during the inauguration of a one-day training exercise on Tuesday in Bauchi. She said the exercise was designed to expose participants to business and entrepreneurship […]]]>


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The Federation of Muslim Women Associations of Nigeria (FOMWAN) trained 30 women in business skills and entrepreneurship development in Bauchi State.

Mrs. Fatima Abubakar, FOMWAN Youth Officer, said so during the inauguration of a one-day training exercise on Tuesday in Bauchi.

She said the exercise was designed to expose participants to business and entrepreneurship development to encourage the growth of small and medium enterprises (SMEs) at the grassroots.

The exercise, she said, also aimed to educate participants on accounting, access to loans, financial strategies, sole proprietorship, among others.

“Women need to be aware of market creation strategies to enable them to stay in business,” she said, and urged participants to drop out of training in their communities.

In her remarks, Zainab Galla, Deputy Secretary of FOMWAN, said the exercise focused on empowering women, encouraging entrepreneurship development and financial independence.

Furthermore, Ms. Hauwa Usman, a participant, praised the gesture, adding that it would enable women to develop their entrepreneurial skills for self-reliance.

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Alumni couple funds new entrepreneurship course to help Hartford start-ups https://shiawase-win.com/alumni-couple-funds-new-entrepreneurship-course-to-help-hartford-start-ups/ Fri, 24 Sep 2021 07:00:00 +0000 https://shiawase-win.com/alumni-couple-funds-new-entrepreneurship-course-to-help-hartford-start-ups/ Alumni couple Michael and Shari Cantor have two passions: UConn and Greater Hartford. So when they recently decided to donate to UConn, they knew they wanted to make a real impact in Greater Hartford by fostering economic development and entrepreneurship there. Enter Build Hartford, a new course that will help UConn students develop entrepreneurial skills […]]]>

Alumni couple Michael and Shari Cantor have two passions: UConn and Greater Hartford.

So when they recently decided to donate to UConn, they knew they wanted to make a real impact in Greater Hartford by fostering economic development and entrepreneurship there.

Enter Build Hartford, a new course that will help UConn students develop entrepreneurial skills and work for a Hartford-area startup that interests them. Thanks to the Cantors’ donation, the course will premiere next spring as part of UConn’s Werth Institute.

“I care deeply about keeping young graduates from our universities here in the state,” says Michael ’80 (ENG), ’83 JD. “A key way to do that is to have a vibrant startup community where they all want to work.”

Michael (far left) and Shari Cantor (far right) and family members attending a UConn basketball game (photo provided).

Students will work with mentors and the Connecticut Center for Entrepreneurship and Innovation team to solve real problems faced by Hartford-area start-ups. As a result, these transformative experiences will help educate, connect and inspire them to become future leaders and changemakers.

“It creates a framework to help build Hartford’s entrepreneurial community, helping to support the talent needs of startups in Hartford,” said David Noble, CEO of Werth Institute.

Build Hartford is designed to give more students, regardless of major, a taste of entrepreneurship.

“We are always looking for opportunities to expose all different types of students to the entrepreneurial skill set and mindset to be able to accelerate their growth and career trajectories. in whatever paths they choose to follow,” says Tara Watrous, head of the Werth Institute. entrepreneurial transformation.

Shari ’81 (BUS), a UConn trustee and mayor of West Hartford, said he wants to create a program with long-term impact.

“One of the things we want to do is give to something that builds,” she says. “We really want to start something. We believe this is an initial gift and a project that can take off and have a lasting impact.

Shari and Michael Cantor.
Shari and Michael Cantor (photo added).

In addition to Build Hartford, the Cantors’ donation will also support scholarship, Hillel, human rights and the Students First Fund, which provides financial support for students facing unforeseen hardship.

“I chair the board’s student life committee, and we’re also parents to two UConn grads,” Shari says. “The student experience is something I think about all the time.”

“I know the value of the Students First Fund, especially over the past year and a half with the challenges of COVID and so much uncertainty,” she says. “A lot of families are balancing so many things and unpredictable expenses can put enormous stress on them. The Students First Fund is a lifeline that can really keep a student on track to graduating.

Both Cantors’ enthusiastic support of UConn also extends to their volunteer work. In addition to being a director, Shari, CPA, served as president of Hillel and is a member of the UConn School of Business Hall of Fame.

Michael sits on the advisory boards for the School of Engineering and the School of Law. He is also a member of the Law School’s Centennial Planning Committee and was inducted into the School of Engineering’s Hall of Fame. Michael is a co-manager at Cantor Colburn, an intellectual property law firm, and taught at the law school for over 20 years as an adjunct professor. Additionally, he is Chairman of the Board of Connecticut Innovations, the state’s quasi-public venture capital firm.

Besides their volunteer work, the Cantors are big UConn basketball fans and can often be seen in the stands in support of the Huskies.

“We really bleed blue,” says Michael.

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5 platforms that can help develop students’ entrepreneurial skills https://shiawase-win.com/5-platforms-that-can-help-develop-students-entrepreneurial-skills/ Sat, 30 Jan 2021 08:00:00 +0000 https://shiawase-win.com/5-platforms-that-can-help-develop-students-entrepreneurial-skills/ Our education system has always aspired to empower young people to build successful and inspiring careers. In today’s world, students must be prepared for the challenges that will arise in the future and therefore must have a thorough knowledge of their chosen discipline. They must possess problem-solving skills, team spirit, leadership qualities and an ability […]]]>

Our education system has always aspired to empower young people to build successful and inspiring careers. In today’s world, students must be prepared for the challenges that will arise in the future and therefore must have a thorough knowledge of their chosen discipline. They must possess problem-solving skills, team spirit, leadership qualities and an ability to adapt to an ever-changing environment.

Indeed, these skills are the keystones of entrepreneurship. Therefore, alongside traditional subjects like science, math, and social studies that provide foundational knowledge, it is essential that students also learn entrepreneurship skills early on.

In order to move up the career ladder or take the path of entrepreneurship, here are some entrepreneurship education platforms that can help you develop entrepreneurial skills while pursuing your primary education.

1. MetamorphosisEdu

MetamorphosisEdu is a virtual school that teaches entrepreneurship to high school students from 6th to 12th. This Hyderabad-based edtech platform was founded in 2018 by Mr. Pavan Allena when he felt the need to equip young minds with entrepreneurial skills and guide them on the path of leadership and innovation.

Metamorphosis offers the following three study modules as part of its flagship program i.e. Incubator Program, Certification Course, Entrepreneurship School. Along with the courses being taught, they continue to conduct skill development programs for students to enhance their thinking power.

2. Child entrepreneurs

Kidspreneur is an entrepreneurial education provider for students ages 7-18. It was founded by Mohanalakshmi and her husband Kalasalingam.S in 2012.

This entrepreneurial platform offers three courses to nurture and develop confident young individuals. These three courses – Kidspreneur MBA, Kidspreneur EDU, Kidspreneur PRO give kids the opportunity to learn first-hand how to start a business and run their own business. Moreover, these programs come in levels I, II and III for different age groups.

3. Entrepreneurship for children by Galit Zamler

The Entrepreneurship for Kids (EFK) program was founded by Galit Zamler with the aim of providing case study-based entrepreneurial studies to targeted schools from an early age.

The EFK program envisions making entrepreneurial education accessible to everyone. The program consists of 2 parts. Part 1 deals with empowering young students with entrepreneurial skills and Part 2 offers the Entrepreneur for Kids program for fourth graders and above, as well as the Young Entrepreneurship program for middle and high school students. Their curriculum covers various aspects of entrepreneurship through experiential learning.

4. Bornpreneur

Bornpreneur offers children a one-of-a-kind after-school enrichment program. Their program is designed to engage children in entrepreneurial thinking and make them future industry leaders. BornProdigy, BornToHire and BornCEO are their 3 programs offering business and entrepreneurial training. Through the case study-based curriculum, children learn business strategies and entrepreneurial skills.

The experiential learning process helps kids start their own business in a fun and productive way.

5. Smart Harvey

Clever Harvey is an educational initiative created by Ivy League and aims to guide young students aged 13-16 to bridge the gap between academic learning and the real world.

The platform is designed by IIM graduates for students from class 8 to class 12. The platform launched India’s first exclusive 10-day online junior MBA program on April 6, 2020. Thanks to This, Clever Harvey empowers every student to master critical thinking skills, business acumen, and discover endless career opportunities for the future. Few tracks available in the Junior MBA program are Junior CMO, Junior CEO and Junior CTO.

Read: 9 MBA specializations to boost your career after Covid-19

Read: How India’s edtech universe is growing across the world after Covid-19

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Here’s why schools should include entrepreneurial skills in their classrooms https://shiawase-win.com/heres-why-schools-should-include-entrepreneurial-skills-in-their-classrooms/ Mon, 07 Dec 2020 08:00:00 +0000 https://shiawase-win.com/heres-why-schools-should-include-entrepreneurial-skills-in-their-classrooms/ Education and entrepreneurship networks are considered one of the most influential forces improving the health of the start-up economy. We also need “ready-to-go” business platforms through which budding entrepreneurs can access knowledge, technology, networks and capital to start their journey. An example is eSamudaay, a first decentralized local e-commerce platform for India. The eSamudaay technology […]]]>

Education and entrepreneurship networks are considered one of the most influential forces improving the health of the start-up economy. We also need “ready-to-go” business platforms through which budding entrepreneurs can access knowledge, technology, networks and capital to start their journey. An example is eSamudaay, a first decentralized local e-commerce platform for India.

The eSamudaay technology platform provides Business Mentors, local digital entrepreneurs, producers, delivery agents and consumers with all the digital tools necessary to be able to set up and manage a locally managed digital market.

How schools can introduce entrepreneurial skills

We also need to instill the spirit of innovation locally and reboot our education system to create entrepreneurs instead of just preparing students for jobs. Educational institutions can play a particularly important role in creating a solid foundation of innovation and entrepreneurship to enable aspiring entrepreneurs to successfully build high-impact businesses.

Educational institutions should create an environment where students should be encouraged to question, debate and observe to create new ideas where they are not afraid to take risks and fail. They should have the opportunity to discover new solutions, to experiment, to refine and validate solutions and to present new ideas on various aspects of life.

In order to make students aware of the possible benefits of being an entrepreneur, a core program in entrepreneurship should be incorporated into the regular curriculum as an elective subject. The future belongs to innovators and leaders. Education is an important factor in determining the entrepreneurial orientation of individuals.

Formal education is positively correlated with entrepreneurship.

Education and training can play a definite role in enhancing entrepreneurship in the context of a developing country like India by expanding the pool of entrepreneurs who can contribute significantly to the economic growth and development.

Incubators and entrepreneurship cells:

Universities in India have started to respond by creating entrepreneurship incubators and cells where students have access to appropriate resources and guidance from professors as well as business mentors. Education is no longer just for school and college students, but is expanding to include learners of all ages, who need to update their abilities to stay relevant in a dynamic world.

A number of initiatives have been taken by the government in recent years to develop entrepreneurial skills which have been included in the new national education policy of India.

Initiatives such as Villgro, Unltd India and Bharat Inclusion Initiative have supported local entrepreneurship to solve problems in sectors such as agriculture, health, environment and rural supply chains.

India has a critical mass of experienced entrepreneurs who are now forming networks that can provide the knowledge capital needed to catalyze the next generation of start-ups.

Networks like 1by0GRIT, Acenet and others bring together entrepreneurs, professionals and investors who can pool their knowledge, technologies and networks to help accelerate the development of new businesses. In the post-Covid economy, value creation is an ongoing process of ever-expanding cooperative social networks, tacit knowledge and entrepreneurial capital that combine to generate rapid societal impact.

Startups are one of the most powerful engines of wealth creation, employment and economic growth. Startups can act as a vehicle to achieve the next level of economic growth and social development. India began its journey to become one of the fastest growing startup hubs in the world, and today it has the third highest number of tech-focused product startups, after the United States and the United Kingdom.

The Global Entrepreneurship Monitor estimates that around 20% of Indians (aged 18-64) intend to start a business within the next three years, while over 11% are first-time entrepreneurs. Since June 2020, the number of new companies incorporated has increased significantly, and this trend is expected to continue. But volumes alone are not enough.

The sobering fact is that 45-50% of businesses don’t make it through the first year.

Therefore, the need of the hour is to improve the pass rate. Entrepreneurship is not a sprint or even a marathon. It’s like training for a marathon. If we can find a way to put more emphasis on the core business fundamentals such as cash flow and profitability of these new businesses and develop the courage of founders to keep improving, the India’s goal of a $5 billion economy by 2024 will be achieved.

Written by Anup Pai, Founder and CEO, E Samudaay

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Creating Entrepreneurs: Quick Tips for Teachers to Develop Entrepreneurial Skills in Students https://shiawase-win.com/creating-entrepreneurs-quick-tips-for-teachers-to-develop-entrepreneurial-skills-in-students/ Sat, 03 Oct 2020 07:00:00 +0000 https://shiawase-win.com/creating-entrepreneurs-quick-tips-for-teachers-to-develop-entrepreneurial-skills-in-students/ Entrepreneurial skills play a very important role in the life and success of an entrepreneur. Job creation is the need of the hour and for this we need to train students in the right way so that they develop an entrepreneurial spirit. It is important for faculty members to understand that building entrepreneurial skills in […]]]>

Entrepreneurial skills play a very important role in the life and success of an entrepreneur. Job creation is the need of the hour and for this we need to train students in the right way so that they develop an entrepreneurial spirit.

It is important for faculty members to understand that building entrepreneurial skills in students should be a priority in their minds to develop students into successful professionals and entrepreneurs.

Here are some tips for teachers and faculty members to teach entrepreneurial skills to students.

How to develop entrepreneurial skills

1. Case study method: (To develop creativity and innovation skills) Faculty members can adopt the case study method with students to discuss various business cases/problems with the aim of developing the ability to think creatively. creativity in students.

2. Success method: (To build confidence and character) Faculty members can share the success story of various leading and successful entrepreneurs to ignite the entrepreneurial spirit in the minds and hearts of students. This motivates students to think about becoming an entrepreneur.

3. Idea Generation Contest Method: (To develop original thinking skills) Faculty members can bring students together to brainstorm and ask them to brainstorm or generate an idea to launch a new product or service that is not available in the market.

4. Business plan method: (To develop holistic planning skills) Students are advised by their faculty members to prepare a business plan on the business idea that interests them.

Students can prepare a Word file to describe their proposed business idea, an Excel file to prepare projected financial statements, and a PowerPoint presentation to explain their business idea using a multimedia projector.

5. Simulation method: (To build problem-solving skills) Faculty members can use the business simulation method to create a real-life situation where students learn how to solve business problems in a simulated environment.

6. Project management method: (To build project management skills) Faculty members can use the project planning method using Microsoft Project software so that students can learn the intricacies of project management to maximize output and minimize input with an intent to optimize resources and maximize productivity.

7. Project design method: (To develop design skills) Faculty members can use the design project method in which they assign a design project to an individual or group of students to hone their design skills.

8. Digital Marketing Project Method: (To develop digital marketing skills). Students can be given a digital marketing project with the aim of enabling them to use the various social media marketing and digital marketing channels to maximize the sale of products and services. It helps students develop their digital marketing skills.

9. Method of developing mission, vision, goals and objectives: (to develop goal setting skills) Students can be trained to develop and storyboard the mission, vision, goals and objectives of the proposed organization.

This enables students to set goals for different functional departments, teams, and individuals, which ultimately contributes to the achievement of organizational goals and objectives.

10. IT project method: (For building IT skills) Students are assigned a multidimensional IT project in which they are required to plan, implement and control all aspects of IT functions including hardware, software, networks, website, social media marketing, digital marketing, etc. .

11. Communication attribution method: (To develop communication skills) Students are given several assignments relating to verbal/non-verbal, oral/written methods with the aim of developing their oral and written communication skills.

12. Method of managerial games: (For managerial skill building) Faculty members develop various managerial games to develop students’ managerial skills.

Students playing the games are able to develop their management skills in planning, organizing, staffing, directing and controlling.

13. Accounting and financial modeling method: (For financial and accounting skills building) Students have the opportunity to learn about finance and accounting using financial modeling using spreadsheet software like Excel. This allows the student to learn finance and accounting.

To sum up, faculty members should adopt various methods mentioned above to develop the entrepreneurial skills of students to enable them to become a successful entrepreneur in their lives.

– Article by PC Chhabra – Executive Director, University of Sanskriti

Read: Gap years and entrepreneurship: what should students do during confinement?

Read: 7 ways to teach entrepreneurship to your children early in life

Read: 4 entrepreneurial skills you can learn during your startup internship

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Develop the entrepreneurial skills of students-PC Chhabra https://shiawase-win.com/develop-the-entrepreneurial-skills-of-students-pc-chhabra/ Fri, 28 Aug 2020 07:00:00 +0000 https://shiawase-win.com/develop-the-entrepreneurial-skills-of-students-pc-chhabra/ Entrepreneurial skills play a very important role in the life and success of an entrepreneur. It is important for faculty members to understand that building entrepreneurial skills in students should be a priority in their minds to develop students into successful professionals and entrepreneurs. Skill building methods 1. Case study method: (For Building Creativity and […]]]>

Entrepreneurial skills play a very important role in the life and success of an entrepreneur. It is important for faculty members to understand that building entrepreneurial skills in students should be a priority in their minds to develop students into successful professionals and entrepreneurs.

Skill building methods

1. Case study method: (For Building Creativity and Innovation Skills) faculty members adopt the case study method with students to discuss various business cases/problems with the aim of developing the ability to think creatively in students.

2. Success method: (To build confidence and character) Faculty members share the success story of various leading and successful entrepreneurs to ignite the spirit of entrepreneurship in the minds and hearts of students. This motivates students to think about becoming an entrepreneur.

3. Idea Generation Contest Method: (For Building out of Box Thinking Skills) Faculty members bring students together to brainstorm and ask them to brainstorm/generate an idea to launch a new product or service that is not available in the market.

4. Business plan method: (For Building Holistic Planning Skills) Students are advised by their faculty members to prepare a business plan on the business idea that interests them. Students prepare a Word file to describe their proposed business idea. They also prepare an Excel file to prepare the projected financial statements. Students prepare a PowerPoint presentation to explain their business idea using a multimedia projector.

5. Simulation method: (To build problem-solving skills) Faculty members use the business simulation method to create a real-life situation where students learn how to solve business problems in a simulated environment.

6. Project management method: (To develop project management skills) Faculty members use the project planning method using Microsoft Project software so that students can learn the intricacies of project management to maximize output and minimize input with the aim of optimizing resources and maximizing productivity.

7. Project design method: (For building design skills) Faculty members use the design project method in which they assign a design project to an individual or group of students to hone their design skills.

8. Digital Marketing Project Method: (To develop digital marketing skills). Students are given a digital marketing project with the aim of enabling them to use the various social media marketing and digital marketing channels to maximize the sale of products and services. It helps students develop their digital marketing skills.

9. Method of developing mission, vision, goals and objectives: (To develop goal setting skills) Students are trained to develop and storyboard the mission, vision, goals and objectives of the proposed organization. This enables students to set goals for different functional departments, teams, and individuals, which ultimately contributes to the achievement of organizational goals and objectives.

10. IT project method: (For building IT skills) Students are assigned a multidimensional IT project in which they are required to plan, implement and control all aspects of IT functions including hardware, software, networks, website, social media marketing, digital marketing, etc. .

11. Communication attribution method: (To develop communication skills) Students receive several assignments relating to verbal/non-verbal, oral/written methods with the aim of developing their oral and written communication skills.

12. Method of managerial games: (For Building Managerial Skills) The faculty members develop various management games to develop the managerial skills of the students. Students playing the games are able to develop their management skills in planning, organizing, staffing, directing and controlling.

13. Accounting and financial modeling method: (For financial and accounting skills building) Students have the opportunity to learn about finance and accounting through financial modeling using a spreadsheet like Excel. This allows the student to learn finance and accounting.

Conclusion

To sum up, faculty members should adopt various methods mentioned above to develop the entrepreneurial skills of students to enable them to become a successful entrepreneur in their lives.

Warning: The views expressed in the article above are those of the authors and do not necessarily represent or reflect the views of this publishing house. Unless otherwise indicated, the author writes in a personal capacity. They are not intended and should not be taken to represent the official ideas, attitudes or policies of any agency or institution.


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How Students Can Acquire Entrepreneurship Skills https://shiawase-win.com/how-students-can-acquire-entrepreneurship-skills/ Mon, 06 Jul 2020 07:00:00 +0000 https://shiawase-win.com/how-students-can-acquire-entrepreneurship-skills/ Entrepreneurial skills play a very important role in the life and success of an entrepreneur. It is important for faculty members to understand that building entrepreneurial skills in students should be a priority in their minds to develop students into successful professionals and entrepreneurs. Below are some of the skill building methods: Case study method […]]]>

Entrepreneurial skills play a very important role in the life and success of an entrepreneur. It is important for faculty members to understand that building entrepreneurial skills in students should be a priority in their minds to develop students into successful professionals and entrepreneurs.

Below are some of the skill building methods:

Case study method

Faculty members adopt the case study method with students to discuss various business-related cases/problems with the aim of developing the ability to think creatively in students.

Success story method

Faculty members share the success story of different leading and successful entrepreneurs to ignite the spirit of entrepreneurship in the minds and hearts of students. This motivates students to think about becoming an entrepreneur.

Idea generation competition method

Faculty members bring students together to brainstorm and ask them to brainstorm/generate an idea to launch a new product or service that is not available in the market.

Business plan method

Students are advised by their professors to prepare a business plan on the business idea of ​​their interest.

Students prepare a Word file to describe their proposed business idea. They also prepare an Excel file to prepare the projected financial statements.

Students prepare a PowerPoint presentation to explain their business idea using a multimedia projector.

Simulation method

Faculty members use the business simulation method to create a real-life situation where students learn to solve business problems in a simulated environment.

Project management method

Faculty members use the project planning method using Microsoft Project software so that students can learn the details of project management to maximize output and minimize input with the goal of optimizing resources and maximize productivity.

Design the project method

Faculty members use the project design method in which they assign a design project to an individual or a group of students to hone their design skills.

Digital Marketing Project Method

Students are given a digital marketing project with the aim of enabling them to use the various social media marketing and digital marketing channels to maximize the sale of products and services. It helps students develop their digital marketing skills.

Method of developing mission, vision, goals and objectives

Students are trained to develop and script the mission, vision, goals, and objectives of the proposed organization.

This enables students to set goals for different functional departments, teams, and individuals, which ultimately contributes to the achievement of organizational goals and objectives.

IT project method

Students are assigned a multidimensional IT project in which they must perform the planning, implementation and control of all aspects of IT functions, including hardware, software, networking, website, social media marketing, digital marketing, etc.

Communication attribution method

Students are given several assignments covering verbal/non-verbal, oral/written methods with the aim of developing their oral and written communication skills.

Managerial games method

Faculty members develop various managerial games to develop students’ managerial skills.

Students playing the games are able to develop their management skills in planning, organizing, staffing, directing and controlling.

Accounting and financial modeling method

Students have the opportunity to learn about finance and accounting using financial modeling using spreadsheet software like Excel.

This allows the student to learn finance and accounting.

To sum up, faculty members should adopt various methods mentioned above to develop the entrepreneurial skills of students to enable them to become successful entrepreneurs in their lives.

Article by PC Chhabra – Executive Director, University of Sanskriti

Read: Coronavirus pandemic: How CEOs can help work from home

Read: Want to work with Amazon? Here’s how to apply for a job at Amazon India

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How children benefit from entrepreneurial skills https://shiawase-win.com/how-children-benefit-from-entrepreneurial-skills/ Thu, 20 Jun 2019 07:00:00 +0000 https://shiawase-win.com/how-children-benefit-from-entrepreneurial-skills/ Today, more and more universities are offering students opportunities to develop entrepreneurial skills. It’s not just business students either, as other degree programs, such as engineering, also teach students the value of entrepreneurship. While some people tend to think of entrepreneurship as starting your own business, that’s not necessarily the case. You can also be […]]]>

Today, more and more universities are offering students opportunities to develop entrepreneurial skills.

It’s not just business students either, as other degree programs, such as engineering, also teach students the value of entrepreneurship.

While some people tend to think of entrepreneurship as starting your own business, that’s not necessarily the case.

You can also be an entrepreneur within an organization because it means being innovative or moving a business forward.

In the digital age, people in the workplace are increasingly expected to be innovative and creative thinkers.

As technology becomes more and more integrated into our daily lives, there is an increased need for people who can do what new technologies like artificial intelligence (AI) cannot: think outside the box.

But instead of waiting for college to develop an entrepreneurial spirit, children can also learn valuable entrepreneurial skills, such as creativity and resilience.

Schools are beginning to teach children about entrepreneurship by involving them in projects such as running their own makeshift restaurant. But parents can also teach these skills to children.

Entrepreneurship stems from skills such as innovation, creativity, resilience, critical thinking and interpersonal communication.

Here are some ways to teach your child these entrepreneurial skills from an early age:

money appreciation

Children are notorious for not knowing the value of money. But it’s not something that can be taught, which is why many kids don’t quite understand the concept until they get to manage their own money.

Teaching children financial literacy helps them grow into responsible, financially savvy adults.

One way is to encourage them to save. When they ask for a special toy or gadget, teach them how to save their pocket money or allowance so they can buy it.

Parents can also teach their children how to spend their money wisely by giving them some buying power and letting them manage their money by paying the cashier.

Older children may be asked to enter a store to buy milk, bread, or other household items with a set amount of money they will need to manage.

Children can also learn the value of money by working for it. If a child asks for extra money, they may receive it in exchange for chores like washing the dishes or bathing the dog.

Older children can babysit younger siblings, help them with homework, or do their own laundry.

let them work

Many parents today want to give their children the best, which means they can often pamper them or shield them from valuable experiences.

Even if you can support them, that doesn’t mean older kids in their teens can’t be put to work.

During the summer, they can do odd jobs or work in a cafe or store to earn some extra money. In doing so, they learn the value of hard work and earning their own money, which helps them develop an entrepreneurial spirit.

Working also exposes them to the real world, develops their interpersonal skills and teaches them how to deal with people from different cultures and backgrounds.

It also teaches them to be resilient. For example, working in retail or a restaurant can be quite stressful, but they will learn to persevere and face challenges head-on in order to receive a paycheck.

This motivates them to keep going despite the difficulties, which is an important trait for successful entrepreneurs.

Encourage them to set goals

Having a goal-setting mindset is also essential to entrepreneurial thinking. When they achieve a goal successfully, it provides a sense of personal accomplishment which can also boost self-esteem.

Goal setting and planning are integral to entrepreneurial success. These are positive habits that will come in handy when ingrained in your child’s psyche. The sooner your child learns to plan, set realistic goals, and follow established procedures to completion, the better.

According to LifeHack, “Teach children to set SMART (Specific, Measurable, Achievable, Realistic and Time-bound) goals and achieve those goals. Ask them to define and write down their top five goals or objectives. Studies show that written goals have over an 80% chance of being achieved.

“Then ask them to think carefully and write down five actions needed to achieve those goals. Encourage and support them as they work toward the set goals. This will improve self-esteem, self-reliance, and your child’s overall sense of personal accomplishment.

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High school students learn entrepreneurship skills at a conference https://shiawase-win.com/high-school-students-learn-entrepreneurship-skills-at-a-conference/ Mon, 28 Jan 2019 08:00:00 +0000 https://shiawase-win.com/high-school-students-learn-entrepreneurship-skills-at-a-conference/ Greenville High School students compare notes on their group project during the STRIVE! Conference at UM Jackson Avenue Center. Photo by Megan Wolfe/Ole Miss Digital Imaging Services OXFORD, Mississippi — For 100 high school students in northern Mississippi, the path to owning their own business was recently boosted at the University of Mississippi. These students […]]]>

Greenville High School students compare notes on their group project during the STRIVE! Conference at UM Jackson Avenue Center. Photo by Megan Wolfe/Ole Miss Digital Imaging Services

OXFORD, Mississippi — For 100 high school students in northern Mississippi, the path to owning their own business was recently boosted at the University of Mississippi.

These students spent Thursday, January 24 investing in their entrepreneurial journey at STRIVE!, one of three regional conferences aimed at developing young entrepreneurs across Mississippi. The day’s quick experiments challenged students to conduct market research, interact with local business resource providers, and practice appropriate soft skills such as communication, networking, and meal etiquette.

Held at UM’s Jackson Avenue Center, the event was sponsored by the Southern Entrepreneurship Program and hosted by McLean Institute for Public Service and Community Engagementt. The SEP and the McLean Institute’s Catalyze entrepreneurship and economic development initiative, or CEED, works to develop an entrepreneurial spirit among young people in Mississippi.

“The central objective of STRIVE! is to demonstrate the importance of communication skills inside and outside the business community,” said James Wilcox, director of SEP and the Center for Economic and Entrepreneurship Education within the College of Business and Economics. Development from the University of Southern Mississippi.

“By practicing these soft skills, students can walk away with a greater sense of confidence in themselves and their ability to present innovative new ideas to potential clients, partners and funders. The event also serves as a valuable networking opportunity, allowing students to put faces with the names of local business resource providers they can contact for assistance in the future.

CEED project manager JR Love said the partnership between the two universities grew out of a series of meetings he and Wilcox attended in Jackson.

“During our discussions, we realized that our two institutions had common goals to improve the state of Mississippi and equip the future young business leaders within it,” Love said. “This conference allowed us to fulfill these common objectives.

“Whether students use their innovative thinking skills to start a business or tackle community challenges, they can be agents of change for their communities.

Participating high schools included Greenville, Hernando, Itawamba County, New Hope (Columbus), and West Tallahatchie (Webb). Seated at 16 tables in groups of four to six people each, the students listened intently as Wilcox and others shared their insights.

“How much money would you need to start a business?” asked Wilcox, who was hosting the day’s events. “You may think that’s too expensive or unrealistic, but the truth is we see students starting businesses every year with as little as $10.

“Resist buying junk food for a month and instead use that money to make more money.”

Using several SEP alumni as real-life examples, Wilcox invited students to participate in the program’s annual $10 “Earn Money Now” challenge.

“It’s called bootstrapping,” he said. “Don’t think of what you have as too little. Instead, think about what you can do now with what you have. Take advantage of it. Cultivate it. But start with what you have.

Panelists Holly Kelly (left), Tyler Hill and Gant Boone share their business expertise with students at the STRIVE! Conference. Photo by Megan Wolfe/Ole Miss Digital Imaging Services

Following Wilcox’s keynote presentation, representatives from Oxford University Bank, Mechanics Bank, North Mississippi Enterprise, Oxford-Lafayette County Economic Development Foundation and Mississippi Small Business Development Center participated at a round table. Questions discussed included what high school students can do to grow their networks, how to make their social media accounts more professional, and how to start saving and investing money.

The students were then given a marketing challenge to create an MVP – a scaled-down version of a full-scale business idea – for a cafe. Participants at each table received a box with an instruction sheet, a T-shirt and a set of markers. Wilcox asked them to read and follow the instructions to create vision, value and voice for their MVP.

After lunch, each team submitted their t-shirt design and presented a 30-second pitch showcasing their particular vision. The judges for the event were three Ole Miss students: Elena Bauer, CEED Innovation Fellow and law student from Germany; AK Burress, CEED Innovation Researcher and Water Valley Pharmacy Student; and Adam Franco, CEED innovation researcher and public policy student from Birmingham, Alabama.

The winners of the challenge were:

  • First Place – High School Students Hernando Raiven Booze, Dominique Cheeks, Nigeria Hibbler, Raven Payton and Dara Tuggle
  • Second Place – New Hope High School students Emma Alexander, Emma Blankenship, Micaela Hudgins and Kenzie Deason
  • Third Place – New Hope High School students Amia Hill, Rotrik Morris, Makayla Williams, Kevon Brown, Shikyra Minor, Aubri Bouldes and Taylor Jackson

Katie Naron, Lecturer in Teacher Education at UM school of educationdiscussed the importance of etiquette with conference attendees.

Several students spoke of the specific benefits they derived from the conference.

“I really found the information about the importance of good communication skills helpful,” said Taylor Jackson, a senior at New Hope. “I would like to own my own photography business one day. I now realize that I can do it if I start small and work really hard.

Itawamba County High School students Chase Ross (left) and Raina Ratliff discuss the best way to pitch their group’s idea for a coffee shop. Photo by Megan Wolfe/Ole Miss Digital Imaging Services

Itawamba County senior Raina Ratliff said she benefited from the advice on networking.

“I want to own a bakery and realize that I’ll have to build good business relationships to achieve my goal,” Ratliff said. “I’ll start by selling cookies at bake sales, but the goal is to move into a product line with more expensive items, like cakes.”

Entrepreneurship course instructors from participating secondary schools said they were pleased to see the principles they taught their students being taken up by business professionals.

“What I heard today will definitely strengthen my program,” said Glenda Gooden of West Tallahatchie. “It also gives them the opportunity to pitch their own business ideas and possibly find ways to secure start-up funds for themselves.”

Kali Harris of New Hope High School agreed.

“It’s just great to see them all so committed to what’s being presented,” she said. “There has been a wealth of knowledge provided here today which, if applied, should help them move forward into their own bright future.”

Established in 2007, SEP has served over 6,000 high school students through its annual series of regional conferences and regional competitions. The last two regional STRIVEs! conferences are scheduled for January 30 and February 6 in Jackson and Hattiesburg, respectively.

Next up in this year’s SEP series is THRIVE!, described as Mississippi’s “Shark Tank” event for high school students. The top 20 winners of these regional qualifiers will move on to the SEP state competition in May.

The SEP program and the McLean Entrepreneurial Leadership Program have common goals of working with Mississippi high school students to develop a set of entrepreneurial skills.

The Robert M. Hearin Support Foundation supports the program with a generous financial gift that enables Ole Miss CEED students to promote entrepreneurship and economic development in Mississippi, Love said.

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