Entrepreneurship development is the means of enhancing the knowledge and skill of entrepreneurs through several classroom coaching and programs, and training. This entrepreneur development process helps new firms or ventures get better in achieving their goals, improve business and the nation's economy. Entrepreneurship builds a lot of skills, such as Ambition, Willingness to Learn, Ability to Listen, Creativity, Assertiveness and Confidence, Perseverance, and Courage, and Risk Taking.
Entrepreneurship is 'an individual's ability to turn ideas into action. It includes creativity, innovation and risk-taking, as well as the ability to plan and manage projects in order to achieve objectives'.
The characteristics of a good entrepreneur is also induced in the courses and workshops in Entrepreneurship Development: Curiosity, Structured Experimentation, Adaptability, Decisiveness, Team Building, Risk Tolerance, Comfortable with Failure, and Persistence.
However, entrepreneurship skills also provide benefits regardless of whether a person sees their future as starting a business. They can be used across people's personal and working lives as they encompass 'creativity, initiative, tenacity, teamwork, understanding of risk, and a sense of responsibility'. Studying entrepreneurship benefits students and learners from different social and economic backgrounds because it teaches people to cultivate unique skills and think outside the box. Moreover, it creates opportunity, instills confidence, ensures social justice and stimulates the economy.
For some people, entrepreneurship is a way of life. Creating something new and leading a team is living the dream, and a destination in its own right. Critical thinking, Creativity, Adversity, Independence, Management, Personal branding, and Connection Building are some everyday implementations of entrepreneurship skills.
It’s very important to induce these values in your child for a healthier and more-disciplined life.