skill

5 Activities for Kids to Build Entrepreneurial Skills

5 Activities for Kids to Build Entrepreneurial Skills

Side hustles aren't just for adults who are motivated to earn extra income outside of their full-time jobs. Side hustles are also great for kids — especially those looking for a chance to make money and be productive outside of the classroom. When it comes to building entrepreneurial skills, forget the typical methods like babysitting, dog walking, and lemonade stands. Here are five different ways to consistently simplify the lives of others and create value for them and the kid.

7 Video Games to Help Hone Entrepreneurial Skills

7 Video Games to Help Hone Entrepreneurial Skills

Video games can be time-wasters, a way to wind down at the end of the day, a profession, or an art form depending on who you talk to. The brilliance of the modern state of gaming is that it offers experiences that cater to almost every conceivable demographic of player. This includes entrepreneurs and managers.

Do You Have The Traits Of An Entrepreneur?

Here on the Entrepreneur Pathways blog we've discussed the five skills every entrepreneur must have, from acting as a leader to selling your idea with a pitch.

Each skill is critical in it's own way, but an entrepreneur must have more than developed skills in order to be successful. Entrepreneurs must also have certain traits to excel at what they do, whether they were born with them or build the traits over time.

What are the differences between skills and traits? Skills are developed through one's effort to build competency, but a trait is intuitive to the individual. It is a quality one has that shapes the way the individual responds to events and activities around them. For example, having the drive to keep going when one is confronted with obstacles is a trait.

Over the upcoming few weeks, we will be posting a new series that dives into each researched trait that helps entrepreneurs become successful, what factors of our lives help us (or stop us) from developing these traits, and the traits entrepreneurs absolutely do not have.

Finally, remember that if you have a passion and strong desire to realize a dream, nothing should hinder you from pursuing entrepreneurship. Many say that entrepreneurs are born, but should recognize that traits can be developed. No single trait or demographic can determine the entire makeup of entrepreneurs and nonentrepreneurs.

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4 Reasons Entrepreneurship Should be Taught in School

Entrepreneurship courses are becoming more common in K-12 schools across the country, and the benefits are clear. Whether it’s for students who have a strong passion for entrepreneurship and wish to create their own businesses, or students who show a lack of passion in any school subjects… here are a few reasons why teaching entrepreneurship could shape their lives for the better.

Entrepreneurship nurtures unconventional talents and skills

Entrepreneurship often takes skills and intuition that might otherwise not be encouraged in a traditional classroom. According to Entrepreneur, founder of Renzell and other businesses Bo Peabody mentions how entrepreneurs tend to be B students. They are perfectly good at doing many things, but do not excel at one certain subject.

However, the ability to think about and do a broad variety of tasks is one of the skills it takes to start and run a business.

Entrepreneurship helps people create better lives for themselves

Entrepreneurship has helped minorities and women create better lives for themselves and their families.

Fortune discusses how from 1997 to 2015, the number of businesses owned by African American woman increased 322 percent, making them the fastest growing entrepreneurial group in the US. The number of businesses owned by women increased by 74 percent between 1997 and 2015.

Entrepreneurship is for those who are persistent risk-takers, no matter who you are.

Entrepreneurship prepares students for 21st century work skills

Even if students don’t plan to be entrepreneurs or have a career in business, according to The National Business Education Association, studying business helps students prepare for college and their career.

Within business education, students learn about accounting, business law, communication (such as networking), marketing, personal finance, and more. These skills are all important for a person’s career.

Entrepreneurship promotes social and mental well-being

According to a study done at the University of Pennsylvania’s Wharton School of Business, there is a strong correlation between entrepreneurship and happiness. 11,000 graduates of Wharton’s MBA program were asked to rate their happiness with their overall career, current job, and work-life balance. While only about 20 percent of these graduates were running their own businesses, this 20 percent ranked themselves happier than all other professions regardless of how much money was made.

This study helped show that, despite the risks that can come with starting a business, there can also be some huge rewards.

The 5 Skills of Entrepreneurship – Networking

This is one part of an ongoing series on www.entpathways.com. In this article, we're discussing the skill of networking.

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Our program, Entrepreneur Journey, focuses on teaching high school students how to become entrepreneurs. Part of this is learning the skills of an entrepreneur, including networking. Networking is the ability to establish relationships with others, which can lead entrepreneurs to solutions or critical resources to build their business.

Think of the movie Six Degrees of Separation. It’s based on the sociological study where researchers wanted to know how closely individuals in the US were connected to each other. They created letters, placed them in envelopes, and addressed them to certain residents.

The researchers then asked other residents to “deliver” the envelope by sending it to someone they know, who, in turn, had to deliver the envelope to someone they know. They found it took about six exchanges before the envelope reached the final address.

The person sitting next to you now may not have much to offer for building a business. But in five years, they may be exactly who you need. Good entrepreneurs maintain a network of experts whom they can call to get specific answers or resources.

Everyone Has A Key To Your Future

With technology, we may be connected by less than six degrees today. Therefore anyone you run into today could have the next solution to your problem. If you focus on sharing your vision and selling your problem, this allows others to become a part of your network and help you.

Questions Are Free And Welcome

The best way to learn about someone is to ask them questions.

  • What do they do over the weekend?
  • Which sports team is their favorite?
  • What are their interests?

This could lead to two different things: the person will provide clues about how they can help you, or you will still leave a positive impression from showing interest in this person and their life.

You Get What You Are

If you come across as unreliable, you will connect with unreliable people. If you come across as immature, you will connect with immature people.

Networking is more than just seeing what other people can offer. Networking is also about pursuing and maintaining real relationships. It’s important to be genuine and care about others, rather than simply taking from them.

Give as much as you take to build mutually beneficial relationships.

Birds Of A Feather Flock Together

Think about your group of friends. What do you all have in common? What do you all want from life? People with similar approaches to life find each other.

If you want to connect with people who invest in companies, find out where they hang out. If you want to be an NFL football player, make friends with other students who aim to be NFL football players. If you want to be a criminal, hang out with successful criminals.

In order to develop a network to achieve your goals, understand and seek out the type of people who will shape the person you want to be.

Networking Tools

Sometimes networking tools are mistaken for networking. Networking tools help entrepreneurs reach out to others and organize information and resources. However, these tools can’t take the place of networking.

For example, think of the business card. Your business card can look amazing and communicate clearly, but it won’t help you at all if 1,000 business cards stay in your desk drawer and never see the daylight. However, if you talk to people and hand your card out, the cards are a tool used to support your networking.

Conferences/Workshops

Conferences and workshops exist in many areas. These are usually great learning experiences and easy ways to network.

Identify the best place to build your network and your purpose for networking. Are you looking for others who are just starting their business? Or are you looking for experts in the field?

Conferences and workshops can be expensive or require travel, but if you do your research, they are great networking tools.