is about turning ideas into action, creativity, innovation, risk-taking, the ability to plan and manage perseverance and finally self-confidence. We include being able to seize opportunities; personally, in the community or at work. Entrepreneurship or ‘Corporate Entrepreneurship’ is the practice of entrepreneurship in an established firm or organisation. Both entrepreneurs and entrepreneurs are usually highly self-motivated, proactive and action-oriented people who are comfortable with taking the initiative, even within the boundaries of an organisation, in pursuit of an innovative product or service.
is the notion of bridging school, community, life and work. Entrepreneurship education focuses on bridging the gap and establishing a connection between school and the world of work. It includes specific work-related skills that young people need in order to be successful as entry-level workers or in any informal sector livelihood. It includes work habits and conduct, personal leadership at work, communicating with others at work, teamwork and collaboration at work, rights and responsibilities of workers and employers, and customer service. Through partnerships with the business sector and by using volunteers in the classroom, entrepreneurship education can connect the dots between what is taught in the classroom and the relevance of the information for the future. In this way, students will learn from the real-world connections and gain updated feedback from the world of work.
is the ability to understand how money works in the world. It is about how to earn money and how to manage it, a set of skills and knowledge that allows a person to make informed and effective decisions with all of their financial resources. As young people are becoming increasingly responsible at an ever-earlier age for financial risks affecting their future, it is even more important to include this subject in entrepreneurship education today. Financial literacy includes financial skills necessary for future success as budgeting and decision-making to understand the consequences of the decisions they make about spending money. It also includes increasing the self-efficacy for critical financial tasks.