RESEARCH METHODOLOGY

ENTERPRENEURSHIP IN CHILDREN
PRESENTED BY Group members Amit Tayade Prashant Taralkar Prashant Khirekar Gladwin Timothy Vikas Sangamnere Pankaj Vyas

P- 03 P- 21 P- 20 P-40 P-44 P-60

Entrepreneur
one who organizes, manages and assumes the risks of a business or enterprise. "Entrepreneurship is the process of creating or seizing an opportunity and pursuing it regardless of the resources currently controlled"

Everyone in the world has at least one talent, one passion, one hobby that can beCome profitable if used correctly.

How to turn your kids into entrepreneurs

Key elements of child developments

Educational or academic System Interaction with peers & other people Family unity, Awareness and Bonding Expanding Interactive Environment Physical Development

School activities for Kids

Festivals and fairs Experiments for kids

Picnic for kids

Games and Sports Competition

Education system improvements

Plan and validate your curriculum Increase credibility in community Ensure students are prepared for future Link with needs of economy Use high interest context Create problem-based learning activities

Responsibilities
Students Plan Celebrations Students Enter competitions Do special Entrepreneurial projects Create publicity for your programs Get Students into businesses

Strengthen Program
Plan activities with students, fellow teachers and community partners Increase credibility in community Ensure students are prepared for future through their use of entrepreneurial skills Show the link between your entrepreneurial courses and the needs of the economy Link with critical community partners, state partners, and national partners

 The Future Entrepreneurs are in our Schools today

Create a Pipeline of Entrepreneurs Everywhere

The Aspiring Entrepreneurs are everywhere in our education system and in our workplaces The Start-up Entrepreneur needs specific skills, training, mentoring and guidance toward successful practices All Entrepreneurs need the opportunity to problem solve with other entrepreneurial minded business persons A successful Entrepreneurial Pipeline requires a Life-Long Entrepreneurial Learning Approach!

Learning through Activities:

To Develop Team Spirit and Co-Operation To Build Confidence and Self Esteem Foster Success in Later Life Learning Time Management and Prioritizing Learning About Long Term Commitments Getting Involved in Diverse Interests

Foundation laid at home

Parents should urge kids to explore their environment Don't let them get too comfortable, advises Arthur Blank, cofounder of Home Depot Inc. and owner of the National Football League's Atlanta Falcons. That means urging them to ask questions constantly and develop an inquiring mind. For instance, "get them the right kind of toysin which kids must figure out for themselves what to do," he says.

Continu
Pierre Omidyar, founder of eBay Inc., agrees that exploration and inquiry are crucial lessons. "Our kids seem to thrive in situations that engage their curiosity and allow them to explore and discover the world around them on their own terms," Mr. Omidyar says. In his own childhood, he was immersed in both Persian and French culture thanks to his parents' backgrounds. "Being exposed to and learning about these cultures taught me early on that there are different ways to think about any single situation, and that you don't always have to do things the way they've always been done," Mr. Omidyar says

Lead by Example
In the end, many entrepreneurs say the most valuable thing you can do to teach your kids about entrepreneurship is to practice it yourself. Parents can be ones biggest influence in his/her becoming an entrepreneur. For Scottrade founder and chief executive Rodger Riney, the entrepreneurial model was his grandfather, who owned several small businesses in Hannibal, Mo., including a fertilizer plant, cemetery, grain elevator, insurance firm, alfalfa plant and trailer-rental business. His mother's lessons in the Golden Rule were another big inspiration. "I paid attention to that and tried to treat people the way I wanted to be treated, and that later translated into how I wanted to treat my customers," Mr. Riney says.

Team Player
Sports can be a great classroom for entrepreneurial values. It is a fun way to learn. Kids, by playing all variety of sports, can learn how to deal with setbacks and how to move past losses. Important lessons of leadership and motivation can be learnt. Sports teach how important teamwork is.

Building Entrepreneurship to Children

Teach Your Child About Money Teach them to save a piggy bank open their own bank accounts. value of work

Teach Them To Invest

Teach Children Entrepreneurship: Ask kids to save
their pocket money and then invest it in your business.
You can give them a share of profit each month which they can use to buy games or things they like. In this way you can teach them the correct methods of investing.

Bring Them To Work With You!

Start bringing them into work and teach them what you do on a daily basis. They'll begin to learn everything from how to run and manage a business.

Share Your Screw-ups

Tell your kids explicitly when there are problems. When they see you face problems, identify solutions and try them, fail, and try again, they will learn the key attitudes of success.

They will also be less scared of failure- which makes it easier to "jump off the cliff" into entrepreneurialism

Teach Kids Character Traits

Establishing good character traits in children is key in all areas, including empowering them to be future entrepreneurs. Character traits like: Honesty and Integrity, Obedience and generosity, joyfulness, flexibility and self-control, Dependability, Patience and Wisdom, Creativity and Enthusiasm

Let Them Do It Their Way!

Teach your kids to be independent! Let them make as many of their own decisions as possible. Encourage them to do their own fact gathering, referencing multiple sources, when making important decisions. Applaud their efforts to take well thought out risk and if things don't work as expected, help them learn from the experience.

Risk, Failure Not A Roadblock

Teach children that risk and failure should not be feared. They are just steps and necessities in the process of building anything. Road blocks, they be not...but opportunities to innovate. Weigh them, cushion them with knowledge, then decide how to use them to get where you want to

Succeed By Learning To Fail

Today there is a tendency for helicopter parents to "take care" of all their children's problems. They want to make their lives easier. A big part of entrepreneurship is PROBLEM SOLVING.

Let children figure things out for themselves at a much younger age.
Learning to fail and preserving, as well as problem solving, are things parents can instill

Teach Children Entrepreneurship

Encourage Kids Independence Encourage your children's independence so they can gain confidence in their own choices and ideas. Teach By Example It can help provide that "spark" to get children thinking and practicing entrepreneurial qualities.

Sell Child's Old Toys

Have them do a garage sale to sell their own toys and keep the money they make. Let them: price, sell, setup and cashier their items.

Teach Your Kid By Traveling

This will creatre a great foundation for a becoming entrepreneur. They will then be exposed to an abundance of different ways to do things, to solve problems and to live their lives and they will learn that there's not only one way that's the right way.

Engage, Learn And Discuss!

Great variety of activities, cultures and environments to find out what they love and value. They will learn confidence, failure and success, patience, endurance and risk taking.

Through ongoing support, documenting events and meaningful conversations.