Developing Life Skills for Fostering Entrepreneurship

Paper to be presented atNATIONAL LEVEL CONFERENCE ON

“Empowering Learner for Entrepreneurship”

Organized ByAdv. Vitthalrao Hande College of Education,

Nashik-2

Sunil KalekarYogesh Patil

Adhyapak Mahavidyalaya, Aranyeshwar, Pune 9

Entrepreneur

• An ‘Entrepreneur’ (ahn’ tra pra nur) is a person who organizes and manages a business undertaking assuming the risk for the sake of profit.

• Any person (any age) who starts and operates a business is an ‘Entrepreneur’.

Three aspects of entrepreneurship:• Identification /recognition of market opportunity and

generation of a business idea (product or service) .• The marshalling and commitment of resources -

pursue the opportunity.• The creation of an operating business organization to

implement the opportunity –motivated business idea.

Five characteristics of successful entrepreneur:

• Drive• Thinking abilities• Aptitude for human relation• Communication skills• Strategic management skills

Generic skill

Basic competenciesInterpersonal competencies

Synthetic competencies

Social skills, communication skills, capacity to understood and accommodate others, capacity to work in collaborative team

Sensitivity, aesthetics, Critical thinking, Creativity, Motivation, Analysis and Synthesis

Developing holistic perspective change and redefine one’s role, take initiative and chart new paths

What is Life Skill Education?

• Life skills are defined as those abilities, attitudes, knowledge and behaviours that must be learned for success in society.

• Life skills are those mental and emotional skills that enable us to better cope with and succeed in our lives.

• UNICEF defines life skills as a behaviour change or behaviour development approach designed to address a balance of three areas: knowledge, attitude and skills.

Functions of an entrepreneur:

• Planning • Organization• Decision making• Management• Innovation• Risk bearing• Uncertainty bearing

Sr. No.

Essentials of Entrepreneurship Life Skills

1 Identifying and generating business idea Creative thinking2 Mobilizing resources Decision Making, Critical thinking3 Organizing Production Decision Making, Creative thinking4 Marketing Production Effective communication,

Interpersonal relations5 Managing Risk Coping with stress, Coping with

emotions.6 Constantly working for Growth Self awareness, Problem solving,

Decision Making,7 Planning and Organizing Problem solving, Decision Making,

Critical thinking8 Decision Making Problem solving, Decision Making,9 Management Self awareness, problem solving,

Effective communication, Interpersonal relations

10 Innovation Self awareness, Creative thinking11 Risk bearing and uncertainty bearing Coping with stress, Coping with

emotions.

Essentials of entrepreneurship Strategies of teaching

1. Generating business ideas brainstorming, School Fairs,

Exhibition

2.Organizing and marketing

production

field trips, visits ,expert

lectures, mind map,

communication courses, interviews

3.Decision making, problem solving Problem based learning ,

Project based learning

4. Management Collaborative learning ,

Group

Work ,team Games

5. Risk Bearing and uncertainty

Bearing

Meditation, yoga ,stress

management

orientation