L.1 - Existing Enterprising Skills

Harmony of human efforts,

Nature's resources bountiful,

And the needs of the market,

Makes an enterprise successful.

Udyam Shastra - Chapter 06, Verse 01

Key Objectives:

This module and its associated exercises should enable the students to develop an understanding about enterprise skills.

Each subsequent module is designed to develop certain enterprise skills through student activities.

Enterprise Concepts

What kind of people become entrepreneurs?

People rich in their ability to dream and turn those dreams into reality can become excellent entrepreneurs. There are many entrepreneurs who start life with very little money or education or who may come from families that have little financial wealth. They too stand a fair chance of becoming entrepreneurs when compared to those who do have a sound financial and educational background.

The entrepreneur needs energy : To imagine your business, set it up, and make it succeed is going to take a tremendous amount of energy. The energy required to succeed as an entrepreneur can only come from sensible mental and physical habits. Young people naturally have lots of energy, but don’t always know what to do with it. If you direct some of your energy towards something constructive (such as your own business) you will reap both financial and emotional rewards.

Enterprise Skills:

The student 'Activities' in each lesson are designed to clarify the ENTERPRISE CONCEPTS of the lesson and develop some ENTERPRISE SKILLS (E.SKILLS). The E.SKILLS included in a lesson may not be exhaustive, but are indicative. E.SKILLS stated in a lesson elsewhere may also get addressed through the activities of a particular lesson.

Some useful E.SKILLS are dealt with below:

Adaptability: The ability to cope with new situation and find creative solutions to the problem.

Competitiveness: A willingness to compete with other and test oneself again them.

Confidence: The belief that you can do, what you set out to do.

Drive: The desire to work hard to accomplish one's goal.

Honesty: A commitment to refrain from lying to be truthful and sincere in dealing with other people.

Organisation skills: The ability to structure one's life and keep task and information in order.

Persuasiveness: The knack of convincing other people to see one's point of view and to get them interested in one's ideas.

Discipline in production: The ability to stay focused and adhere to a schedule and deadline is called "Discipline in production.

Situational analysis: A entrepreneur should be able to analyse a particular situation using parameters like culture, competition, economic system, laws etc. and use it fruitfully in the plan.

Risk-Taking: The courage to expose oneself to possible losses

Interviewing: The entrepreneur should have skills to judge a person through a personal discussion called "interview" to understand whether he/she suites the job specifications.

Vision: The ability to see the end result of one's goals while working hard to achieve them.

Basic Instructions regarding E- Skills to Students:

    • Especially for the Activity, it is recommended that the students should be put together in groups of four to six students for the practical activity.

    • Each group may sit around a writing table or else on the floor, if it is comfortable.

    • Each group should be asked to nominate a Student Group Leader (SGL). This is an informal nomination.

    • The trainer may ask the Group to change the leader from one set of activities to another, so that every student gets the opportunity of acting as a Group Leader.

    • The trainer should explain the role of the Group Leader.

    • The Student Group Leader job would be to see that all members of the Group participate in the Activity.

    • The Group Leaders should also see that the results of the Activity are presented by one or more of the Group's members, turn by turn, as the Activities of the various modules progress. This way the presentation skills of each member will be developed.