Entrepreneurial skills training, one of the 4 program elements for the EU Diaspora Council, provides the basics of starting and operating a small business for youths. This training helps youths develop the skills associated with entrepreneurship, such as the ability to take initiative, creatively seek out and identify business opportunities, develop budgets and forecast resource needs, understand various options for acquiring capital and the trade-offs associated with each option, and communicate effectively and market oneself and one’s ideas.
Our approaches to teaching youths on entrepreneurial skills are:
• Entrepreneurship education: This provides an introduction to the values and basics of starting and running a business, such as developing a business plan and simulations of business start-up and operation.
• Enterprise development: provides supports and services that incubate and help youth develop their own businesses, such as helping them on information on available loans or grants and providing more individualized attention to the development of viable business ideas.
• Experiential programs that provide youth with experience in the day-to-day operation of a business.