RELEVANCE OF ENTREPRENEURSHIP TO SHS STUDENTS

► 5. Entrepreneurs create jobs.

Importance of Entrepreneurship (www.reference.com)
► 1. Entrepreneurship generates new wealth in an economy.
► 6. Entrepreneurs innovate.
To understand it better, here is an example:
► - Entrepreneurs often introduce new products or services to the market, ► 7. Entrepreneurs create innovation and social change
creating demand and increasing overall economic activity. This leads to
2. To understand it better, here is an example:
increased capitalitand
To understand wealth,
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example: everyone in the economy.
- As new businesses are established, they require employees to operate and
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- Entrepreneurship hereallows
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lift an for
example:
investment in infrastructure,
out of poverty education,
by providing them with grow. This leads to job creation, reducing unemployment rates and providing
- Entrepreneurial
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opportunities to start their own businesses and generate their own income. people with stable sources of income. The more businesses there are, the
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jobs and contributing innovativegrowth,
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entrepreneurs more job opportunities become available.
pressing problems, entrepreneurs can improve access to education,
can help reduce unemployment and raise the standard of living for many
healthcare, and other essential services, leading to a more equitable and
people.
just society.
To understand it better, here is an example:
Innovation is at the heart of entrepreneurship. Entrepreneurs constantly seek
out new ideas and approaches to solve problems and meet market demands.
Entrepreneurship decreases poverty. This drive for innovation leads to the development of new products,
services, and technologies that can transform industries and improve quality
► 3. Entrepreneurship creates opportunities, ensures social justice,
of life.
instills confidence, and stimulates the economy.

► 4. Entrepreneurship improves productivity

RELEVANCE OF ENTREPRENEURSHIP TO
SHS STUDENTS (www.europeanentrepreneurship.com)
To understand it better, here is an example:
- Entrepreneurs are often innovators who develop new technologies, ► 1. To prepare students for livelihood even before college.
processes, and products that enhance productivity. By introducing more
efficient methods and tools, they help businesses and industries operate  Entrepreneurship education equips students with the skills and
more effectively, leading to increased output and economic growth. mindset needed to create their own employment opportunities.
To understand it better, here is an example: This preparation helps them become self-reliant and financially
- Entrepreneurs identify and capitalize on opportunities that others may independent, even before they enter college. By understanding
overlook, leading to the creation of new businesses and industries. This the basics of starting and managing a business, students can
not only stimulates economic activity but also promotes social justice by explore alternative career paths and not solely depend on
ensuring equal opportunities for all. The confidence gained through traditional employment.
entrepreneurial success can inspire others to pursue their own ventures,
further driving economic growth.
► 2. Entrepreneurship education aids students from all decisions. By understanding how these elements interact,
socioeconomic backgrounds to think outside the box and nurture students can develop a holistic perspective and make smarter,
unconventional talents and skills. more informed choices. This comprehensive approach to
decision-making is crucial for achieving long-term success.
 This type of education encourages creativity and innovation,
allowing students to develop unique ideas and solutions. It ► 6. Students have to be exposed to real-world examples and
fosters an inclusive environment where students from diverse learn from their own experiences.
backgrounds can identify and harness their individual strengths
 Experiential learning is a key component of entrepreneurship
and talents, leading to personal and professional growth.
education. By engaging in hands-on activities and real-world
► 3. Entrepreneurship develops their initiative and helps them to projects, students gain practical knowledge and skills that are
be more creative and self-confident in whatever they undertake directly applicable to their future careers. This exposure helps
and to act in a socially responsible way. them understand the challenges and opportunities they may
face as entrepreneurs.
 By engaging in entrepreneurial activities, students learn to take
initiative, think creatively, and build self-confidence. These ► 7. Innovative, creative, and collaborative with others.
skills are essential for success in any field. Additionally,
 Entrepreneurship education promotes innovation and creativity,
entrepreneurship education often emphasizes ethical practices
encouraging students to think outside the box and develop
and social responsibility, encouraging students to contribute
original solutions. It also emphasizes the importance of
positively to their communities.
collaboration, teaching students to work effectively with others,
► 4. It exposes students to numerous opportunities to learn how to leverage diverse perspectives, and build strong networks.
think critically and analyze the pieces on the board.
► 8. Entrepreneurship education provides students with the skills
 Entrepreneurship education challenges students to think and knowledge to come up with business ideas and develop their
critically, evaluate situations, and make informed decisions. own ventures.
This analytical approach helps them understand complex
 By learning about entrepreneurship, students gain the tools and
problems and develop effective strategies to address them.
confidence needed to turn their ideas into reality. They acquire
These skills are invaluable in both personal and professional
essential skills in areas such as business planning, marketing,
contexts.
and financial management, enabling them to successfully
► 5. Being aware of all the important factors and seeing how they launch and grow their own ventures.
affect each other is the foundation of a smart decision-making
process.
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 Entrepreneurs must consider various factors, such as market
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trends, customer needs, and financial constraints, when making