Teaching entrepreneurial skills to children and teenagers has become crucial in the 21st century.
According to World Economic Forum's report, nearly half of the work we do right now will be automated by 2055, resulting in the creation of new job roles and opportunities that require creativity and critical thinking.
The world dynamics are changing, traditional teaching systems are becoming obsolete and useless, and new and advanced levels of knowledge and skills are required for an individual to thrive.
There is a need for instructors and institutions that empower students to develop their natural talents and capabilities and cultivate creative and critical thinking within them.
Let's highlight the importance of entrepreneurship for teenagers and children.
Entrepreneurial education empowers individuals to develop real-world skills that will help them succeed in the rapidly changing world.
Because the modern world has transitioned from focusing on storing knowledge to focusing on polishing highly-effective skills.
The ideal classroom of the future is the one that enables students to discover new ideas and ways of thinking through experiential and actionable learning.
Most importantly, these exact ideas perfectly align with the curriculum of the National Curriculum Statement.
Let's dive into 5 of the most important benefits of teaching entrepreneurship education to teenagers.
As the traditional education system has become a norm, opportunities for students to think outside the box, express their creativity and apply critical thinking have become scarce.
Entrepreneurship education encourages students to think in unique ways and develop their creativity and critical thinking skills by solving practical problems.
Children who are encouraged to think critically will develop their own informed views and learn how to trust their ability to work through challenges and situations with confidence.
This also enables them to explore their natural talents and strengths and reach a certain level of self-awareness that benefits them throughout their life.
Preparing For an Uncertain Future
The world is changing globally and technologically with each passing day.
Because of global complexities, predicting what career students should pursue has become much more difficult.
Entrepreneurship in schools teaches students essential life skills that they can use to navigate through the uncertain future. It empowers them to rise to complex challenges and easily face any difficulties.
These skills include confidently facing setbacks, strategic problem solving, collaboration, empathy and much more.
Before learning how to solve problems, students must develop an eye for identifying them. This also goes for opportunities.
While schools might teach children the skill of problem-solving, they certainly are not taught how to identify problems and opportunities.
In the real world, problems can only be resolved once they have been properly identified. And success can only be achieved by grasping opportunities at the right time.
At SA Institute for Entrepreneurship, this is exactly what we train students for. We enable them to cultivate the habit of being alert to opportunities and prepare them to run their own mini business so they can sharpen their problem-solving skills.
If you want to learn more about our institute, visit our page and discover the ultimate entrepreneurial school that can set you on the path to success.
Storing information in your mind that is already written in textbooks is worthless.
Young adults need to develop the habit of appreciating elements that matter in real life; money and business. This makes them realize the importance of hard work and determination to achieve goals. This self-reliance is what will help them succeed in real life.
At SA Institute for Entrepreneurship, we have a whole module on making students familiar with money, numbers, and basic business concepts, ideas & skills. Not only that, but we also help students develop business knowledge and values through case studies, pop quizzes, and interactive tasks.
Work ethic and grit are the most important factors that can help anyone succeed in life.
Young children develop a better work ethic and understanding of business operations when surrounded by entrepreneurship. They see the value of hard work when thrown into the middle of it, which helps them quickly understand how businesses operate.
Grit is a combination of passion and sustained persistence that is applied toward long-term goals. The journey of entrepreneurship is full of challenges and uncertainty, which means it requires more passion and sustained persistence than most other activities.
This makes entrepreneurship for teenagers the perfect opportunity to develop grit and a strong work ethic.
It's important to teach children entrepreneurship in schools at a young age so they can have the right mindset going into their future.
An entrepreneurial mindset is not just for people in business but for anyone who wants to be successful in whatever they do. The future workforce is a big enough reason for us to prepare our children now for what's to come. With the proper mindset, they'll be able to adapt and succeed in any situation.
If you're interested in empowering your children to lead a successful life ahead, visit our page and discover our entrepreneurship program.
SA Institute of Entrepreneurship is a non-profit organization accredited by the education department that focuses on preparing communities to hone their entrepreneurial skills for sustainability. We empower the young population to become lifelong learners and successfully deal with the uncertainties and opportunities of the 21st century.