Provide two entrepreneurial skills that should be taught from an early age so as to capacitate young poepl le with skills
1. Problem-solving: Teaching young people problem-solving skills not only encourages creative thinking and innovation, but also equips them with the ability to navigate challenges and obstacles that may arise in entrepreneurship. This involves being able to identify and define a problem, brainstorm potential solutions, evaluate and select the best option, and implement the chosen solution effectively.
2. Financial literacy: Understanding the basics of financial management and budgeting is crucial for any entrepreneur. By teaching young people about concepts such as saving, budgeting, investing, and cash flow, they can develop the financial skills necessary to make informed and responsible decisions when starting and running a business. This includes understanding the principles of profit and loss, financial forecasting, and the importance of managing cash flow effectively.