Why We Need to Study and Learn Entrepreneurship

Entrepreneurship Education
Why We Need to Study and Learn Entrepreneurship

Although we may have an inherent aptitude for a discipline or subject, any skill can be improved if there’s a willingness to learn. We live in a world where the future is uncertain, and it belongs to creators and innovators. And that’s why it’s important to learn and study entrepreneurship. Entrepreneurship education serves as an excellent foundation for the types of creative, innovative ideas we need to succeed in the 21st century.

Nurtures Personal Growth and Development

Studying entrepreneurship benefits students and learners from different social and economic backgrounds because it teaches people to cultivate unique skills and think outside the box. Moreover, it creates opportunity, instills confidence, ensures social justice and stimulates the economy. Entrepreneurship education also provides budding entrepreneurs with the skills and knowledge to come up with business ideas and develop their own ventures. And this includes helping them to learn about core business areas such as finance, sales, marketing, management and accounting, not to mention, broader ranging skills such as adaptability, effective communication, and confidence.

Relevance

The advantage of learning entrepreneurial skills over more traditional subjects is that they are not uniquely relevant to a career as an entrepreneur. The skills needed to start your own business are relevant in any field and would also be desirable attributes for being an employee. In fact, having a wide range of business-relevant skills acquired through studying entrepreneurship would make you an ideal candidate in most fields. Therefore, skills taught in entrepreneur courses generally apply to all areas of industry and do not kill creativity or block opportunity to a specific career.

Benefits to Society

Moreover, skills associated with entrepreneurs, such as financial literacy, money management, and strong interpersonal skills are not only beneficial but also relevant for day-to-day life. Nonetheless, the benefits of entrepreneurship studies go beyond being purely personal; they’re also beneficial to society. The economic benefits of entrepreneurs to society has never been in doubt. New enterprise and entrepreneurial innovation are critical for any society to be globally competitive, with technological advancements creating new jobs.

Preparedness for Real Life

As our education system becomes plagued with rigid testing and standards, opportunities to innovate, collaborate and demonstrate proficiency in real life situations become rare. In addition to encouraging people, entrepreneurship education requires students to be innovative, creative and collaborative with others.

If our current society is to benefit from the benefits of entrepreneurship, it’s only fair that we equip ourselves with the training to do so. On the flip side, the personal benefits of studying entrepreneurship spread far beyond the business world leading to an arguably more prosperous livelihood. It goes without saying that we as a society should be doing more to help develop our entrepreneurial minds.

It is no surprise that more and more university courses include what should be the centerpiece of contemporary education: entrepreneurship. Thanks to forward-thinking individuals and organizations some institutions of higher learning have made entrepreneurship courses requisites for graduation. Some programs already encourage students to start their own companies as early as the high school while certain schools are working with investors and venture capitalists to fund startups.

Photo by Toa Heftiba on Unsplash