Importance Of Entrepreneurship Education

'Entrepreneurship Education' – That’s not a far-fetched term for students anymore. Who is an entrepreneur anyway? The best description would be someone who can turn ideas into actionable plans and strive to achieve those plans. Encouraging an entrepreneurial mindset in students can be highly advantageous for their future careers. It motivates students to explore education beyond the classroom walls and acquire skills that would propel their ideas. As schools and universities explore the possibilities of adding entrepreneurship education to their curriculum, more training academies and institutes are creating new programs, specifically for students. 

Real-world, real skills

The key focus of entrepreneurship education is to impart crucial life skills, which would enhance a student’s ability to work in the real world. Students can learn a wide set of skills, from collaboration and teamwork to public speaking, creating presentations, and data analysis. Many training academies use entrepreneurship education in a filtered manner, concentrating on key areas, such as sales training, marketing expertise, and eCommerce. 

A planned approach to entrepreneurship education

In schools, entrepreneurship education is more about practical skills, fixing actual problems, and developing innovative approaches. On the other hand, college students can learn about creativity, using various available tools & online resources, and making the most of social media as promotional platforms. Entrepreneurship education plans can include in-depth learning about product development, sales funnels, creating business proposals, and pitching ideas to investors for specific niches. 

The scope of entrepreneurship education can be designed to cater to an age group as needed. College and university students expect more practical resources, while schools can focus on basic practices in entrepreneurship, which can be learned in-depth later. 

Staying ahead of the curve

There’s no denying that entrepreneurship education is still an alien concept for many schools and universities in India. This is just the right time for institutions to make a move that would not merely impact the quality of education for students but enhance their branding. As more parents realize the rewards of introducing entrepreneurship to kids and young adults, the demand is anticipated to increase manifold. 

Key advantages & benefits at a glance

• The global economy is changing rapidly, with tech transformations ruling every industry. With entrepreneurship education, schools & colleges can prepare the students for the unmapped road.
• Learning about entrepreneurship encourages collaboration and teamwork. It fosters a mindset where students depend on one another for creative reasons instead of merely competing in the classroom. 
• Students are future entrepreneurs, and by giving them the tools, resources, and expertise for learning about enterprise management, institutions can make a difference in the learning process. 
• A key aspect of entrepreneurship education is about imparting problem-solving skills. Beyond the world of jobs and businesses, these skills allow students to cope better with challenges in regular life.
• Nurturing a culture of entrepreneurship spirit also helps students in creating and achieving realistic goals. Young minds can be trained about long-term & short-term goal achievements. 
• Every student is creative and has unique capabilities. With smart training, they can do better with their talents and imaginative ideas. For schools, universities & colleges, this would mean having more students doing well in the practical world. 
• Besides students, educational institutions can also gain huge by including entrepreneurship education in their curriculum. Considering the relevance of the subject, more students and parents are likely to be interested.

Nurturing minds for the future

The eventual goal of entrepreneurship education is to nurture young minds. School students in higher classes and those studying in universities & colleges can gain huge from the exposure. More than just theory lessons, learning about entrepreneurship allows them to take calculated risks in practical situations – A skill that differentiates a good entrepreneur from others.  

Gaurav Bhagat

Guest Author The author is the Managing Director, Consortium Gifts