The document discusses the development of life skills essential for fostering entrepreneurship, emphasizing the characteristics and functions of successful entrepreneurs. It outlines key life skills needed for business success, such as creative thinking, decision making, and effective communication. Additionally, various teaching strategies are proposed to enhance entrepreneurial skills through practical methods like brainstorming, project-based learning, and collaborative activities.

1. Developing Life Skills for Fostering
Entrepreneurship
Paper to be presented at
NATIONAL LEVEL CONFERENCE ON
“Empowering Learner for Entrepreneurship”
Organized By
Adv. Vitthalrao Hande College of Education,
Nashik-2
Sunil Kalekar
Yogesh Patil
Adhyapak Mahavidyalaya, Aranyeshwar, Pune 9

2. Entrepreneur
• An ‘Entrepreneur’ (ahn’ tra pra nur) is a
person who organizes and manages a business
undertaking assuming the risk for the sake of
profit.
• Any person (any age) who starts and operates
a business is an ‘Entrepreneur’.

3. Three aspects of entrepreneurship:
• Identification /recognition of market opportunity and
generation of a business idea (product or service) .
• The marshalling and commitment of resources
-pursue the opportunity.
• The creation of an operating business organization to
implement the opportunity –motivated business
idea.

4. Five characteristics of successful
entrepreneur:
• Drive
• Thinking abilities
• Aptitude for human relation
• Communication skills
• Strategic management skills

5. Interpersonal Basic competencies
competencies
Social skills, communication
Sensitivity, aesthetics,
skills, capacity to understood Generic skill Critical thinking,
and accommodate others,
Creativity, Motivation,
capacity to work in
Analysis and Synthesis
collaborative team
Synthetic competencies
Developing holistic perspective change and redefine
one’s role, take initiative and chart new paths

6. What is Life Skill Education?
• Life skills are defined as those abilities,
attitudes, knowledge and behaviours that must
be learned for success in society.
• Life skills are those mental and emotional skills
that enable us to better cope with and succeed
in our lives.
• UNICEF defines life skills as a behaviour change
or behaviour development approach designed
to address a balance of three areas: knowledge,
attitude and skills.

10. Functions of an entrepreneur:
• Planning
• Organization
• Decision making
• Management
• Innovation
• Risk bearing
• Uncertainty bearing

11. Sr. Essentials of Entrepreneurship Life Skills
No.
1 Identifying and generating business idea Creative thinking
2 Mobilizing resources Decision Making, Critical thinking
3 Organizing Production Decision Making, Creative thinking
4 Marketing Production Effective communication,
Interpersonal relations
5 Managing Risk Coping with stress, Coping with
emotions.
6 Constantly working for Growth Self awareness, Problem solving,
Decision Making,
7 Planning and Organizing Problem solving, Decision Making,
Critical thinking
8 Decision Making Problem solving, Decision Making,
9 Management Self awareness, problem solving,
Effective communication,
Interpersonal relations
10 Innovation Self awareness, Creative thinking
11 Risk bearing and uncertainty bearing Coping with stress, Coping with
emotions.

12. Essentials of entrepreneurship Strategies of teaching
1. Generating business ideas brainstorming, School Fairs,
Exhibition
2.Organizing and marketing field trips, visits ,expert
production lectures, mind map,
communication courses, interviews
3.Decision making, problem solving Problem based learning ,
Project based learning
4. Management Collaborative learning ,
Group Work
,team Games
5. Risk Bearing and uncertainty Meditation, yoga ,stress