An entrepreneur is someone who solves a societal problem by creating their own business and assuming risk. Entrepreneurship is the process of identifying said problem and developing a solution for it through a business venture. This field requires a strong understanding of all aspects of business, especially leadership, making it essential for entrepreneurs to possess a well-rounded and adaptable skill set.
Strategic Thinking: Entrepreneurship requires the ability to recognize a real-world problem and come up with an effective solution that minimizes risk and maximizes potential success.
Adaptability: Startups often come with unexpected challenges. Entrepreneurs must be able to adjust quickly and think on their feet when faced with new situations.
Creativity: Thinking creatively allows entrepreneurs to develop unique ideas, solve problems in innovative ways, and stand out in a competitive market.
Leadership: Entrepreneurs take initiative and often lead teams, so strong leadership skills are essential for making decisions, guiding others, and staying focused on goals.
Financial Literacy: Understanding how to manage money, such as budgeting, tracking expenses, and calculating profit, is important for keeping a business sustainable.
Communication: From pitching ideas to working with a team, entrepreneurs need strong communication skills to clearly express their vision and build connections.
DECA: Compete in entrepreneurship cluster events, such as developing real-world marketing and startup plans, and network with like-minded students.
Virtual Business Challenge (VBC): Participating in a VBC will give firsthand experience in managing your own business without real-life implications.
Create a startup business: It may seem difficult, but creating a startup is something that high schoolers can do. It’s important to identify a viable business concept, whether it be a product or a service, by doing appropriate market research. Choosing the right platform to begin, such as social media or an online shopping platform like Etsy, is the next step. Most importantly, it’s okay to fail at first! Most successful entrepreneurs only achieved success and fame after multiple attempts at business.
Summer programs like LaunchX: Provides hands-on experience with startups and teaches important entrepreneurial skills.
Organize events: Organizing events such as fundraisers provide key inisghts on how to work with the various aspects of business, such as budgeting, delegating work, managing material, and contacting various organizations to arrange a working system.
School Clubs:
Mock Trial/ Speech & Debate/ Model United Nations: They teach how to analyze situations, formulate ideas/ pitches, talk persuasively, and communicate professionally.
Drama: It teaches how to be confident, storytelling, and how to work in a team with deadlines.
Coding: With technology becoming even more important in business, especially with AI, knowing how to code is a crucial skill for entrepreneurs, even if they aren’t in the technology industry.
Entrepreneur
Business Owner
Startup Founder
Product Developer
Social Entrepreneur
Product Designer
Nonprofit Director
Creative Director
Consultant
Software Developer
Freelancer / Content Creator