Young ages are the role-model and future endeavors of the nation. Majority of them are poor with limited education. Despite of their energetic and laborious qualities, they are compelled to survive with lack of employment and less payment works. Since, to overcome this scarcity, youth must be involves in stimulating their own business skills and thereby develop the quality of entrepreneurship among local communities. In my opinion, while this makes rational sense, its actual practice is still questionable due to false concept, high-risk factor, autonomy behavior and other dimension of framework.
An entrepreneur play vital role for raising economy by innovating new skills and characteristics with their better utilization.
The following are the compulsory leading skills:-
1. Technical skills: Verbal communication, organizing capability, productive ability, training and coaching, monitoring, networking, familiar with new trend, technical writing and interpersonal skills.
2. Business Management Skills:
Relation maintaining, marketing, planning, budgeting, quick decision capacity, forecasting, negotiation, finance, workers management with identification and promotion etc.
3. Personal Skills Tactfulness, intelligence, patience, honesty, confidence, moral behavior, discipline, self-identification, farsightedness, research skills, self-reliance, leadership, strong risk taking, power maintaining, formal looking, formal and limited talking, emotional stability etc.
And following are the basic characteristics of entrepreneurship:
1. Economic activity Entrepreneurs majorly stands in economic behaviors which involves launching and designing of new projects by the maximum use of resources.
2. Creativity and innovation
Research oriented mind and ability to think new commercial ideas and implementing it in business characteristics of entrepreneurship. It continuously evaluates under the recent model of running enterprises and identifies new methods for efficient and qualitative operation.
3. Profit generation The sole-objectives of opening business enterprises is benefits. It is the risk and rewards of the effort made by entrepreneurs.
4. Risk Bearing
Many innovation and logic may often uncertain, and result may be negative. So "willingness to assume the risk" is major essence of entrepreneurship for future success. Since, the big ability of holding strong risk in business running is the foremost and vital characteristics of leader.
Many youngsters today dedicating themselves to switch
their career in short period of time. They are quite less interested to develop
skills and competencies to gain their required height. Hence, I usually opine
that, it is much better to develop skills and ability for leisure activity
rather than seeking a job and unhealthy competition with others.
Entrepreneurship is a phenomenon, a journey, not the destination. It is significant; in a view of being seeds of economic development, which imparts high employment, rise in per capita income, high living standard as well as balanced regional development. The importance of entrepreneurship development are discussed below:
1. Self-development:
It refers to constantly improving potentiality and credibility among individual to face any obstacles in future. A good entrepreneurs always looks for opportunities and utilize it for their best deeds.
2. Family Development: The family members of entrepreneurs also gain from the business and enhance living standard. The social status and income of family member raises by achieving greater independence of action.
3. Society/Community Development:
Other than self development and family development, entrepreneurship can also enhance social development. It opens up opportunities and fulfill unlimited needs, innovative goods and services. Modernization and infrastructure of community is possible through development of society.
4. National development: The services produced by entrepreneurs win the choice of public in their own country, there is no doubt that their business would expanded within countries and neighborhood nations too. These activities, obviously lift up the national economy and which is, in fact beneficial for overall national development.
5. Spiritual Development:
An entrepreneurs should take care about illegal actions and fraud involved in business activities. Little things matters a lot. In this context, every institution should remember about practicing good moral values and should have clean hands. Preventing and caring of unity destructive activities in human beings like violation of region, caste, culture, skin color and so on. In this way, entrepreneurs can promote spiritual development.
6. Investment for Future:
The economic patterns of business institution rise and fall unconscious. Certainly, the risk will increases within different interval of time period. So, saving for future investment is an essence to run smoothly. So, monetary value forecasting about future operation is the operation is the important for entrepreneurship development. Netflix, Amazon, Google or MC Donalds are the some successful entrepreneurs because of their good services with creative innovation in the competitive market. Netflix has created entertainment wit new techniques based on "stay at home". People lives in their own home and watch complete series and movies on their Netflix account. It indicates not only profit to Netflix entrepreneurs but also cuisine and snacks from online home delivery rapidly increases. Exactly, this types of connection between marketing of one entrepreneurs to other as public demands, motives the successful of investors. We can also look to smaller farms which contributes a lot to society. For instances, the new innovation of the iphone brands by Steve Jobs created the Apps Store.From this WhatsApps and Angry Birds are allowed. Similarly, Instagram, Facebook and twitters have proven popular social network. These are good example of successful entrepreneurs throughout their skills, labor, innovation and are, definitely the inspirations for newly emergent.
To be successful entrepreneurs, it is really a difficult job. However, there are some false concept and general myth about entrepreneurs in our society. They are:
1. Entrepreneurs, like leaders, are born, not made
2. Entrepreneurs are academic and social misfit
3. To be entrepreneurs one need much money only
4. To be entrepreneurs, a great idea is only ingredient
5. Entrepreneurs are only commander, with high personality
In conclusions, role of youth in leading development outweighs many advantages for positive development of society. Successful leaders requires better skills, characteristics and motivation. The academic institution and other training agencies should promote to young humans about entrepreneurship in long-term and multifaceted view to uplift self-career and overall economic development of the nation.


