abhisek246

[abhisek246]

ENTREPRENEURIAL EDUCATION FOR YOUTHS

The education system of India is hanged over the same over ages. It deals more with theories and formulas and less with practicality. Over the changing time new courses and advanced system should be introduced to make our youths equipped with practical knowledge.

One of the most important static change which I think is mandatory at this time is the introduction of Entrepreneurial education in schools and colleges. The students from the very beginning should be brought in light with the practical knowledge of the world.

Why it is mandatory?

Before proceeding further, I am coming to some statistics over a year or so to make you people realize the importance lying behind this move.

According to the official sources of  GEM and also sources of Economic Times, only 11% of adult population India is engaged in “early-stage entrepreneurial activities”, and only 5% go to establish their own business, a survey has found. This 5% is among the lowest rates in the world.

Whereas if we compare to one of the leading nations, US- Statistics show that 62% of US billionaires are self-made. 60% start their businesses at middle age. Only 22.5% of small businesses fail.

So all these makes the point very clear that our country is much behind the developed countries for which one of the major cause is the steep decline in the entrepreneurial growth in India.

Once an individual becomes an employee, he limits his potential of his own creativity confined within the boundary of the functions of that specific job. Whereas a businessman or an entrepreneur is bound to think out of the box to expand his enterprise. He have to remain up to date with the changes in the market to hold his place and make happen his excellence in his field. The more a creative and the more conveniently an entrepreneur can handle the shift, the high he can rise, which increases the potential of his brain.

Our education system is surrounded with handful of algebraic formulas and theories of history which are not going to have any use in future. Rather if such leading-edge education is added, it would force the students to expand their limitations and discover new things. Entrepreneurs are not just businessman, but they also contribute to the overall economic graph of a nation. US is leading and emerging as a developed nation because it has been producing a bunch of entrepreneurs every year who provide jobs to other nations leading to their rise in economy. Entrepreneurs does not seek for jobs, they create jobs.

Jobs create dependency over the certain company or organisation for ones living. Jobs can offer you with only a limited and fixed amount of income.

Our education system only puts an effort to make you apt for linear careers with corporate and government jobs and the main focus is to grasp a high pay package. But entrepreneurial education will teach the students to deal with finances, real life management and also to handle the crisis in need. If say, a company faces huge loss and being the boss how to handle those, will all be taught to them which will guide them to overcome in real life.

Why entrepreneurship?

Entrepreneurship makes you self-dependent and you can lead an independent flexible lifestyle. You will be the boss of your own company. You can earn much more revenue than jobs, limitless sources, unlike a fixed amount of salary in job. It leads to personal branding and so builds up your fame.

Many other skills develop like team management, leadership qualities, critical thinking and a lot more. With this type of education one can learn to stimulate the economy and can judge situations from different angles. The art of creativity hides behind this moto which will financially lead our nation forward by increasing the economy. The more entrepreneurs come to place, the more opportunities will come up for the youths. This will generate more job opportunities and will open new space in various fields.

But at the end what comes to the fact is the passion to work for the individuals, be it a job or to choose entrepreneurship.