Entrepreneurial_Skills_Class_IX_Lesson.pptx

Entrepreneurial skills

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?