What is the meaning of Entrepreneurship Development Programme (EDP)?
The meaning of Entrepreneurship development programme or EDP is to conduct Training Programme that is used to update the skill set of professionals who are planning to start their entrepreneurship journey.
The purpose of the Entrepreneurship development programme is to prepare trainees for challenges they will face as an Entrepreneur. The EDPs help them upgrade their skill set in various aspects of running a business/startup.
Entrepreneurship development programme or EDP is associated with conducting workshops, training programs to increase the quality and quantity of entrepreneurs in a country so that they can meaningfully create more job opportunities by becoming self-employed.
The programmes are conducted across the country by govt owned bodies and private organizations.
Experienced Entrepreneurs lead the Programme and use their experience and ability to guide the next breed of entrepreneurs.
Recently, our digital marketing training wing of the company tied up with a govt enterprise to conduct EDP Programs in digital marketing and other fields like IT Enabled services, etc.
Since they are EDPs, the attendees (the inquisitive lot) have a truck full of queries like:
What is EDP in Entrepreneurship? | What is entrepreneurship development programme?| What is EDP?
We really do get a lot of enthusiastic entrepreneurs in our workshops 🙂
They are great guys who are looking to change the world. Their energy level reminds me of my younger self. (I am just inches away from reaching the mid-30s)
Since I am bombarded with so many whats, I decided to write a blog to discuss all the queries related to entrepreneurship development programme and how they are beneficial for aspiring entrepreneurs.
Here is an infographic to help you know everything you wanted to know about EDP!
Entrepreneurship Development program or EDP help entrepreneurs upgrade their skill sets in different fields. The EDPs are run to help professionals understand the minute details of running a business.
For example, we now run 3 EDP programmes:
a. Digital Marketing (6-day course)
b. Social Media Marketing (2-day Boot camp digital marketing edp training).
c. Advanced 45/90-day digital marketing course.
At the end the of day, few EDP are there to give an overview of every skill required to run a business and some are there to help improve the skill set of professionals in a particular business domain.
For example, one of our Entrepreneurship Development programmes is to help develop the skill set of internet marketing in entrepreneurs.
The purpose is to make them aware of the latest digital marketing techniques and how they can use them to promote their business in an ideal and budgeted way.
We teach them about blogging, content creation, etc, etc.
We understand most of the entrepreneurs bootstrap and are looking for cheap and reliable methods to promote their product/service and this is what our focus is throughout the programme.
We teach them how to use digital marketing to become smart entrepreneurs who can leverage the power of the internet to promote their product/service.
Again, our focus is to add a skill set to their existing set of skills which helps in their entrepreneurship journey.
Moving on to the next question.
What is the need for Entrepreneurship Development Programme (EDP)?
Entrepreneurship Development Programme or EDPs as they are popularly referred to form the part of a set of teachings which can help entrepreneurs prepare for the future.
And the good thing about these programmes is, they are run by experienced entrepreneurs who have been there.
They have Failed, Succeeded and are better entrepreneurs today because of what their entrepreneurship journey has taught them.
You get to hear from horse’s mouth.
And this horse speaks from experience. The horse(sorry trainer) can quickly tell you “what not to do” in the world of entrepreneurship.
Let’s take my example (don’t worry….I won’t’ write a long email praising my entrepreneurship abilities because there aren’t any).
I started my career as a software developer. I was living the great Indian IT dream where you get hired by an MNC as a software developer from college.
You slog few more years to somehow sneak into the USA to live the great American dream.
You get a green card and then you never come back.
That’s what most of my college buddies have done. Nothing wrong with that. Right?
Yes. It’s cool and they make it look cooler by posting their ultra-cool pics at the best of exotic locations in US of A. (I am Kind of Jealous 😉 )
The only difference now is they have Donald Trump spewing venom and creating a divide.
Precisely Speaking. The old ways of the great Indian IT Dream job are no more valid.
Anyways, getting back to where I was.
I quit in one year ( a decision I regret at times when the shit hits the roof in my ventures) and then went on a roller coaster ride (not an enjoyable one).
And it has been good 8 to 9 years since then.
Now the EDP conducted by me (where I am the horse (read trainer)) include a lot of things about my entrepreneurship journey.
Since I learned digital marketing without any formal training, I encourage entrepreneurs to follow the steps I followed. Basically, I ask them to slog smartly.
I also teach them There is no formula to quickly get rich which at times disappoint a lot of them. They are like “Hey! We were here to learn how to get rich”.
Now I start the workshop by clearly explaining everyone the objective of Entrepreneurship Development Programme (EDP) we are conducting.
Like me, there are others who are conducting EDP in their domain. For example, there are programme ads I see in newspapers for bakery business, e-commerce, etc, etc.
I am sure the guys conducting the programmes are the ones who have spent time learning the tricks of the trade on the job and are an entrepreneur today because of their learnings.
This is what makes EDP so interesting.
What are the objectives of the Entrepreneurship Development Programme (EDP)?
- To update the skill set of attendees.
- To teach attendee about entrepreneurship.
- To make the attendees understand the path they should take to be an entrepreneur.
In a nutshell, the objective is to develop their entrepreneurship skill.
Before you go to one of these programmes, let’s get a few things straight.
First is, no one is born an entrepreneur.
Yup. No one (even Bill Gate) was born an entrepreneur.
Secondly, no one among the top richest guys ever wanted to be the richest guy.
They all are what they are because they worked tenaciously, tirelessly to reach their goals.
They had the vision to build great products, companies, etc and they worked towards them.
So, when you go for the programmes, never go with an expectation to get the formula to quickly earn money.
Believe me, there is no such formula.
If there was on, I would be the first one writing the same on my blog but, there is a method to get rich.
And that is what forms the part of your Entrepreneurship journey.
In this EDP, the speakers usually take you through their entrepreneurship journeys.
They are usually candid (at least I am) about their failures. They talk about their success and try to discuss the important issues entrepreneurs face.
One of the points I usually address in EDP to teach entrepreneurs how to raise funds is, how they can raise funds using govt schemes.
How many of you know that government has schemes for entrepreneurs to help them raise unsecured business loan for the startup in India ?
How many of you know SIDBI has been set up to help small and medium industries raise funds?
What I wrote above are a few simple things which are available in the public domain but for reasons unknown, we are oblivious to them.
With schemes like startup India trying to make our startup ecosystem better, we should feel better that govt at their end is at least taking some initiatives to help entrepreneurs in India.
EDP programme conducted by govt departments are playing a huge role in skill development for entrepreneurs.
Govt Institutes conducting EDPs:
- NIESBUD, Noida : I have personally been a trainer for NIESBUD where i conducted Entrepreneurship and Digital Marketing EDPs as a 2 day or 6-day workshop. NIESBUD has established a name for itself in providing quality EDPs through private and their in-house trainers.
- EDII (Entrepreneurship Development Institute of India) – As per the website, it is a non-profit autonomous body established in 1983 in Gujarat. The institute is supported by some of the leading financial institutions like SBI.
- SISI (Small Industrial Service Institutes) – They are institutes set up in each state of India to help entrepreneurs get counselling and training related to entrepreneurship.
- MSME (Micro Small and Medium Enterprises), DC – MSME runs a wide array of schemes under it to help entrepreneurs with different business functions relate to training and funding.
- NSIC (National Small Industries Corporation) – NSIC runs skill development programs to improve skills to create more awareness about self-employment opportunities in the country
I hope I have addressed all your queries about Entrepreneurship Development Programme aka EDP.