Kids’ entrepreneurial skills can make a difference in the growth and development of young people.

Let’s see how!

1. Instilling ‘Team Spirit’ in Kids- Friendly relationships with others make a big difference in the growth and productivity of any individual or organization; also helping the kids to be socially active. Performing with the team is an important attitude in order to work efficiently and effectively in order to achieve the best possible task-results.

2. Encouraging kids to think critically- Critical Thinking is a vital aspect of Entrepreneurship. This helps the children to analyse the problems and find their solutions. In this process, they also explore and may discover personal strengths and areas for development-thinking carefully (and critically) about their interests and where they are great, natural contributors, or where they may need support. This self-awareness can benefit them not only throughout their careers but also throughout their lives.

3. Creative Problem Solving- This is one of the most sought-after skills in entrepreneurship, so polishing this skill-set from early years can be a plus point for kids. Developing this skill instils in the children, an in-built desire to solve a problem, i.e., identifying a need and seeking various ways to create a solution. Creative Problem Solving can prepare children to focus on the solution rather than on the problems, as and when required.

4. Encourages a Growth Mindset- Growth-minded kids don’t give up when facing failures. They see adversities as an unavoidable part of their learning process. When kids see failure not as a permanent setback but as an opportunity for growth, there are no limits to what they may accomplish and leave no milestone untouched.

5. Communication as a key to success- Development of effective communication skills helps in boosting the self-esteem and self-confidence of kids. Some kids could be naturally good at it but most need practice to polish them. The importance of this skill stretches beyond business and supports nearly any potential career path. Every opportunity to speak in front of a group builds this skill, and over time adds to one more entrepreneurial skillset in children.

Kids have an in-built ability to be curious and at times their fantasies create miracles, which is inherent to entrepreneurship. These skills help children retain their innate curiosity and a vivid perspective can help them view the world through a different lens of never-ending opportunities.