The document outlines a class for ninth-graders focused on essential entrepreneurial skills, including creativity, leadership, risk-taking, and financial literacy. Students engage in activities to develop business ideas, identify target markets, and present pitches, alongside a case study of Falguni Nayar's success with Nykaa. Key reflections encourage students to evaluate their challenges and collaborative skills in entrepreneurship.

1. Entrepreneurial Skills
Class IX - Understanding the
Essentials of Entrepreneurship

2. Learning Objectives
• By the end of this lesson, students will be able
to:
• - Understand key entrepreneurial skills like
creativity, leadership, and financial literacy.
• - Develop a simple business idea and
understand target markets.
• - Collaborate in teams and pitch their business
ideas effectively.
• - Apply critical thinking and problem-solving to
real-world business scenarios.

3. What is Entrepreneurship?
• Entrepreneurship is the process of identifying
a need or problem and providing a solution
through innovation, creativity, and risk-taking.
• Entrepreneurs are individuals who develop
new businesses, products, or services and
bring them to the market.

4. Key Entrepreneurial Skills
• - **Creativity**: Thinking outside the box to
create innovative solutions.
• - **Leadership**: Guiding and motivating a
team towards a goal.
• - **Risk-Taking**: Making calculated decisions
despite uncertainty.
• - **Financial Literacy**: Understanding how
to manage budgets and financial resources.
• - **Problem-Solving**: Identifying challenges
and finding solutions.

5. Activity: Create Your Own Business
Challenge
• 1. In groups, come up with a business idea
that solves a real-world problem.
• 2. Identify your target market and required
resources.
• 3. Create a simple business model including
product, pricing, and marketing strategy.
• 4. Prepare a 2-minute pitch to present your
idea to the class.

6. Real-life Entrepreneur Story
• Case Study: Falguni Nayar, Founder of Nykaa
• - Founded Nykaa in 2012 after a successful
career in investment banking.
• - Faced many challenges in building an online
beauty platform.
• - Now Nykaa is a multi-billion dollar business,
showing the power of persistence and
innovation.

7. Activity: Shark Tank Pitch
• 1. Present your business idea to the class as if
you were pitching to investors.
• 2. Each group has 2 minutes to explain:
• - Your product or service
• - Target market
• - Revenue model
• 3. Class acts as investors, giving feedback on
your idea.

8. Reflection and Key Takeaways
• Think about these questions:
• - What was the most challenging part of
creating your business idea?
• - How important are teamwork and
collaboration in entrepreneurship?
• - What skills do you need to further develop to
become a successful entrepreneur?