Reasons Why Skill Education Can Be A Profitable Business Opportunity
There is no denying the fact that the Indian education industry is constantly being revolutionized by new business ideas. The modern-day educators are constantly trying to innovate with the existing services and opportunities in order to provide something new and beneficial to the learners.
Gone are those days where bookish knowledge was enough for making successfully into the corporate ecosystem. With time, the demands and expectations have changed where business owners are looking for practical knowledge and skilled employees that could act as a boon for the organization.
According to a recent study, only 34 percent of India's 5 million graduates are employable in any industry. The challenge is to provide vocational training to almost 500 million people by 2022. This is where skill education business becomes a lucrative option in today’s time.
While the employees are looking for ventures that could enhance and nurture their skills, one could opt to invest in a skill development center, later targeting and catering to such seeking learners and employees.
Realizing the importance of skill education in India, Prime Minister Narendra Modi announced Shramev Jayate and set up a ministry of skill development. Moreover, there are other private firms like National Skill Development Corporation, proving basic training and education to the needy ones.
Prime Minister also introduced the Pradhan Mantri Yuva Yojana that will be providing entrepreneurship education and training to more than 7 lakh students in 5 years. This initiative will involve over 3,050 institutes for making learners familiar with essential and basic skills for an enhanced and fruitful career.
Skill Education can Increase Job Opportunities
The competition for sustaining in the Indian business ecosystem and getting hired at reputed organizations is now a tough task. Hundreds of people apply for the same job at the same place that eventually increases the competition. This is where possessing a specialized set of skills could easily help you grasp the opportunity successfully by leaving all the applicants behind.
Base level qualification at entry level is one common thing that the business industry is revamping into. Business owners have started focusing on skill development that has emerged as an essential thing in order to stand out from the crowd. Skill education opens the gate for opportunities that could lead to people meeting the demand of the modern day competitive job market.
Skill Education Helps in Nurturing Talents
Talent is something which is innate, but skills can be acquired. Educators could promote, train, and nurture talents through skill training and education in any desired field. This eventually increases the chance for learners that could make a qualitative difference to the potential of the skilled workforce in the future.
It Enhances Personal Growth Along with Confidence
Learning a new set of skills not only increases opportunities professionally, but it also enhances people at an individual level. It eventually results in boosting of morale and confidence that later reflects upon the activities happening in the personal and professional lives both.
Skill education not only helps in developing skills in a particular area, but it also helps people in enhancing and attaining good communication skill, networking, and time management.