Udisha Srivastav - Why We Must Build Entrepreneurial Skills In Young Girls?

As this pandemic year rumbles on, students and college-goers are meeting with complicated global and socio-economic challenges, encompassing a rapid shift in the job market.

As per the 2017 Future of Jobs report administrated by the World Economic Forum, approximately 50% of the corporations anticipate that industrialization will steer to some deduction in their full-time workforce by the year 2022. This is driving to fundamentally distort the categories of positions and job environments, that our students will deal with after graduation.

Therefore, Entrepreneurial aptitudes, such as solidity, diligence, and critical thinking are going to be exceptionally important for this learning strategy, and accordingly should be taught at an early age.

What’s Holding Back Women? Let Check For The Facts!

To bring the real shift, we need to inculcate the entrepreneurial spirit in young girls when they are in the elementary school itself. We must prepare them not only for the financial and other skills they need, but also to behold themselves as entrepreneurs and directors by providing them a hands-on experience.

According to the State of Women-Owned Businesses Report of American Express 2017, women owned an approximate 11.6 million industries in the United States, hiring nearly 9 million people and yielding an additional $1.7 trillion in profits. Asa matter of fact, these digits look optimistic, however, they tell only half the numbers.

For women, holding an enterprise always means solely functioning for themselves. Though, making employment and income in line with the number of women-owned businesses would create economic freedom, create employment, and thrive the economy.

The Female Entrepreneurship Gap

In the year 2016, women earned $1.46 billion in investment capital, representing only 2 percent of total venture funding. However, if girls don’t know about entrepreneurship or entrepreneurs, they are less likely to see themselves as one of them.

Bringing Financial Literacy In Schools

The necessity for earlier financial literacy practice should be amplified. Girls barely watch money being transacted, let them independently have decision-making strength about how it is expended. 

Sadly, at present, barely 17 states expect high school students to learn personal finance. Thus, this void in financial schooling in our academies puts all students, but especially girls, at a loss.

Entrepreneurial Environments That Work for Girls

We know that numerous foundations propose entrepreneurship projects or teaching elements for children and teens. Junior Achievement’s Be Entrepreneurial program and VentureLab each have digital curriculums accessible to mentors. While drives like these are crucial and need backing, only VentureLab has assignments for students below grade 6, and none of these projects is particularly formulated for girls or it employs in a single-sex domain.

Business administrators can do their role by offering girls assignments or by undertaking mentoring schemes for young girls at their corporations. Parents should also incorporate their daughters in family decision-making about family budget and expenses, and we can all discuss to the girls in our lives the implication of financial literacy and economic authorization.

We require to educate young girls first that when it gets to their dreams and wisdom, they should never seize it.

Image courtesy: Career Addict

Udisha Srivastav is a Freelance Content Writer with Femsay.com