How to Nurture an Entrepreneurial DNA in Children

The spirit of Entrepreneurship can be inculcated at a young age. Read on  to know more about Kidspreneurship, a concept catching up in India.

  Why entrepreneurial mindset curriculum should be prioritized over coding skills?

The entrepreneurial mindset is transferable across industries, whereas coding skills have more limited applicability. As an IT engineer by education, I have found that although I possess coding skills, I have only utilized them for a brief period of two years out of my 15-year career.

While coding skills are primarily relevant in technology-related fields, an entrepreneurial mindset is applicable across industries. Whether someone wants to start a tech startup, launch a social enterprise, or pursue a traditional business venture, the skills developed through an entrepreneurial mindset curriculum can be utilized in diverse contexts. This versatility allows individuals to explore different opportunities and adapt their entrepreneurial mindset to various sectors.

While coding skills are valuable in the digital age, an entrepreneurial mindset curriculum focuses on developing a wide range of skills that go beyond technical expertise. It emphasizes critical thinking, problem-solving, creativity, leadership, communication, adaptability, and resilience. These skills are essential for success in any field and are applicable in various entrepreneurial endeavours.

Why entrepreneurship education is a vital life skill?

Entrepreneurship education equips individuals with essential life skills that go beyond starting businesses. It fosters an entrepreneurial mindset, encourages innovation and adaptability, enhances financial literacy, promotes self-reliance and problem-solving, and nurtures collaboration and networking skills. These skills are invaluable for personal growth, career success, and thriving in an ever-changing world.

How to Nurture an Entrepreneurial DNA in Children with Parental Support?

Fostering an entrepreneurial DNA in children with parental support involves implementing the following approaches:

Create an environment that promotes curiosity and supports exploration. Encourage children to pursue their interests, ask questions, and discover new things.

Foster critical thinking and independent problem-solving by providing resources and opportunities for them to explore diverse subjects and areas of interest.

Teach children the value of embracing challenges, learning from failures, and persisting.

Teach them to identify problems, brainstorm solutions, and evaluate different options. Offer real-world problem-solving opportunities and support their efforts to find innovative solutions. Encourage critical thinking and effective decision-making skills.

Introduce children to the fundamentals of money management and financial literacy from an early age.

Support their ideas and prompt them to find unique solutions to problems. Cultivate an environment that values and celebrates innovation.

Teach them to bounce back from failures and setbacks, emphasizing the significance of persistence and determination.

Recognize their achievements and acknowledge their efforts to enhance their self-esteem and belief in their capabilities.

Provide exposure to entrepreneurship by visiting local businesses, or attending entrepreneurship-related events.

Be a role model: As a parent, serve as a positive role model for your children. demonstrate entrepreneurial traits, such as creativity, problem-solving, and resilience, in your own endeavors. Share your experiences and challenges, discussing how you approach them. Illustrate the value of hard work, passion, and perseverance in achieving goals.

Remember, each child is unique, so adapt these approaches to their individual interests, strengths, and abilities. By providing parental support that fosters an entrepreneurial mindset, you can help children develop the skills and mindset necessary to become confident, innovative, and resourceful individuals.

What is the Impact of Entrepreneurship Education on Students' Career Paths?

The impact of entrepreneurship education on students' career paths is undeniable. It provides them with the necessary skills, knowledge, and confidence to pursue their passions and forge unconventional careers. By encouraging creative thinking, risk-taking, and problem-solving, entrepreneurship education empowers students to break free from the limitations of traditional career choices.

Entrepreneurship education goes beyond being solely for aspiring entrepreneurs. It is a crucial life skill that every student should acquire, regardless of their career aspirations, be it in medicine, engineering, or even as a stand-up comic.

For instance, a doctor can choose to practice medicine within a hospital as a professional, or they can leverage their business acumen to establish and manage their own medical facility. Recently, we have witnessed doctors addressing critical medical issues and earning the title of "doctorpreneurs," as they achieve unprecedented impact and financial success. This highlights the power of entrepreneurship education in transforming careers.

— Swati Gauba Kochar, Woman Entrepreneur & Thinker in Chief, Kidspreneurship