Wednesday, 20 August 2014

Importance of Entrepreneurial Education.

ENTREPRENEURSHIP EDUCATION

Importance of Entrepreneurial Education.
Education means more than teaching a skill. It's not wealth itself, but a means to acquiring wealth. It helps build in us, a rational mindset. Some people erroneously believe that the easiest way to succeed as an entrepreneur is to become a college drop-out. One popular definition of an entrepreneur is that person who sees what others don't. Entrepreneurship is about opportunity recognition, agility, constant response to the market, high quality products, and innovation. To become a successful entrepreneur, certain skills need to be learned, which include the following:
1. How to plan effectively.
2. Sourcing and management of finance.
3. Marketing
4. Growing a business.
Entrepreneurial courses for students cover these skills and more. It helps create a rational way of thinking among them. Like good detectives, entrepreneurs are keen observers, except that what they look for are opportunities. They tend to be inner-driven, but outward-focused. They tend to think of how to  proactively create a future.
In fact, one of the challenges businesses face in the 21st century is competition. Entrepreneurship education must go on evolving: it must be nimble and responsive, yet protective of the academic rigor and excellence. Starting a successful entrepreneurial venture is no easy task. It takes the right mindset and financial commitment.

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