Education centred around entrepreneurship has the ability to shape young minds to master the skills of the future. With an everchanging future ahead owing to numerous reasons such as technological advancements and population growth, career skills and entrepreneurial education will act as a key asset for the current generation.

Entrepreneurship generates numerous job perspectives and contributes significantly to the economic growth of the country, because of which the young generation should be motivated to start businesses of their own. Entrepreneurial skill education will help them identify any upcoming opportunities to be successful entrepreneurs and teach them how to tackle the adversities successfully in the future.

In this article, the author talks about the importance of incorporating entrepreneurial and life skill development for the holistic growth of children. Entrepreneurship education teaches essential life skills such as critical thinking, empathy, problem-solving, and self-awareness.

It prepares children to face such uncertainties in the future and helps them emerge as solution finders. All these life skills define the personality of an individual and it is difficult to learn these skills through traditional book and classroom studies, instead, entrepreneurship education can be a fun, impactful, and engaging alternative.

Critical thinking

While there is a dire need to impart this skill to young minds, it is also incredibly difficult to teach. Entrepreneurs are the ones who know how to think critically and approach a problem in a way to understand and resolve it rather than becoming overwhelmed.

No matter what you’re doing, this skill is a must-have to any future employers. This skill is an added advantage when you are looking at even joining a large MNC as an employee because your mindset will be of a problem solver.

Problem-solving

It is important to differentiate between problem-solving and problem identification. While a problem-solving approach may be developed with practice, the ability to identify the problem in advance and take necessary steps to deal with it differentiates a successful entrepreneur from the rest.

Enhances creativity

Creative people make a difference with their out-of-the-box thinking approach to a problem. Entrepreneurship molds young minds by encouraging creativity, innovation, and collaboration to develop into abler individuals strong enough to face the reality of the outside world. It sets them apart from the mass with the much-needed experience to start their journey with a strong foundation.

Imparts leadership

The world is always in need of a good leader and the students who are interested to make a difference will certainly succeed in paving a different pathway. As the students learn about entrepreneurship skills at a younger age, they tend to incorporate them at every turn and start thinking like a leader.

Prepares for an uncertain future

The present scenario is very different than what it was a few years ago as the jobs that once existed decades ago are nowhere to be found. With new technologies emerging with each passing day, the market is highly volatile, with the current generation venturing into the future with uncertainties. In such times, it might take some time to master a skill and put it to practice but with time it might be of no use and result in havoc in student’s careers. Education in entrepreneurship will always keep one door open for venturing into if things do not turn out as expected.

Coaches how to deal with failure

It is very important to coach kids on how to deal with failure efficiently, and entrepreneurship education does offer the necessary exposure to handle failures and learn from one’s mistakes in one journey to success. At times, letting students learn from failures can be a good thing for healthy growth not only in entrepreneurship but also in life.

We live in a rapidly changing world with a generation that is equipped with more technical knowledge and advancement. The future belongs to the innovators and leaders and therefore, it is imperative that our education system adapts accordingly. Entrepreneurial learning programs will emerge as path-breakers and trendsetters thereby, proving quite a beneficial stepping stone for generations to come.

(This is a slightly modified version of an article originally published in India Today. The original article can be found at https://www.indiatoday.in/education-today/featurephilia/story/reshaping-education-with-entrepreneurial-learning-and-lifeskills-1767447-2021-02-09)