The European Entrepreneurship Competence Framework (EntreComp) defines entrepreneurship as
“The capacity to act upon opportunities and ideas, and transform them into value for others. The value that is created can be financial, cultural or social.”
What is entrepreneurship education?
How to learn to be an entrepreneur?
Entrepreneurial mindsets and skills can be:
- effectively built only through hands-on, real-life experiences, and project work
- taught across all subjects as a separate subject or combined with another
- important for ‘intrepreneurs’ who fulfil the role of entrepreneurs, leaders, and innovators within a group or organisation
- promoted beyond educational institutions to businesses and the wider community
It is easy to give up when the going gets tough, but the most successful entrepreneurs persist because of their ambitious nature. When they are highly ambitious, they may have an internal drive to work hard, and may be committed to doing what it takes to make their business a success.
“You only fail when you stop trying”. Try to maintain optimism and perseverance, is the key to success.
Education is a life-long process and it is important to stay updated with changes in technology, the evolution of the industry, sales processes and more. Always seek new knowledge and do not be afraid to ask for successful people opinions or advice.
To be an effective communicator and pay attention to others’ motivations, hot buttons, interests and also assert opinions and beliefs. Besides, try to avoid coming off as being self-promotional or vain.
Critical thinking involves examining the assumptions around a particular topic or debate with a view to developing a new viewpoint or conclusion, bringing additional knowledge to bear on the topic or detecting internal contradictions
Is the ability to generate innovative ideas which is not merely a function of the mind, but also a function of five key behaviours that optimize the brain for discovery. These behaviours are:
The “People” means EQ (emotional quotient) , inspiring, motivating, encouraging, and leading; while managements searches for hiring, firing, training, disciplining, evaluating, and directing.
To harness the power of creativity by having the courage to act on great ideas and plans. Finding a successful path in life is rarely a simple process. Entrepreneurs must develop the right combination of skills, traits and knowledge to be successful.
To have the capability to understand and manage the emotions: emotional awareness and harnessing emotions
The process by which parties mediate differences. Ideally compromises or agreements are reached which avoid arguments and disputes. This needs a clear understanding of the current position of each party. The principles underlying negotiation are fairness, mutual benefit and maintaining relationships.