In this rapidly changing world, the future is uncertain. The job market and economy has greatly changed from time to time starting from industrial revolution to the age of technological revolution which is a contemporary happening. If you ask your grandparents what were the jobs of their generation, you will find out that many of them are no longer available today. Hence, there’s a need for students to adopt in the 21st century global economy and they can only do this through acquiring relevant skills that will enable them to venture in territories that are still unknown and chart their own paths. Below are five reasons why students need to learn Entrepreneurship:
- Students need to identify and deal on problems.
If you are concern about your future, then you might want to know the possible problems you will be facing once you start your career. Whether you have background in business or none, students need to learn problem solving. Throughout the formal school, we were taught problem solving with problems already being set up for us to solve. But this isn’t the reality because what makes sense in the real world is that you can only solve problems once you found them. Can you imagine yourself solving problems that have relevance to your life? Then most likely you have the special trait of an entrepreneur who identifies problem or need before coming up an intervention or solution to the problem or need in the form of products and services. These skills on identifying and dealing on problem will help you take a ground whatever territory you will choose to chart a path.
- Students need to be innovative.
One way to adopt the present is to try new methods and ideas and translate these to product or service that creates value. If you refuse to take these steps, most likely you will not grow in your future career and may likely be caught in an unfortunate turn of events. Take it for example to some industries that have once competing giant companies, like the film industry. The industry used to have Kodak and Fujifilm who are both giant companies. When digital age came in, sells of both companies had plummeted sending both to a threatening situation. One has survived through an unexpected makeover and one has filed for bankruptcy. The failure of one company is attributed with its failure to innovate. If you don’t want to fail in your career when there’s a sudden turn of events, then to innovate is something you need to do.
- Students need to learn collaboration.
Collaboration is one of the biggest factors that contribute to the success of any endeavors among professionals. With increasing competition, it has become extremely important to improve productivity and promote healthy relationships among individuals. Indeed, it is now possible to work anywhere in the world remotely from a team of other professionals. This is possible with the advancement of technology such as cloud computing, an engaged workforce is much more effective and efficient in making things done. The ability to collaborate will pool talents and strengths available in the team which will in turn augment the chances of any shared endeavor to achieve more in less time. If students are capable of collaborating with others, surely there’s a position waiting for them.
- Students need to take risks.
Though it sounds scary, but taking risks is the only way to achieve your short term and long term goals. Unfortunately, it is not inherent to everyone. A lot of people are afraid to go out from their comfort zones and charter a path in unknown territories leaving their goals unachieved. But then again, if you’re concern about your future, then you must be able to take risks. You can be a calculated risk taker which Entrepreneurship mentor and consultant Leonard C. Green defined as someone who carefully take steps towards their goals and doesn’t gamble everything into their venture. Furthermore, innovation cannot take place without risks because new undertakings require some risks to succeed. If you’re a student who is looking for a brighter future, then you must start taking risks now for your future career.
- Lastly, students need to be ready to fail and learn.
It may have a negative connotation, but the truth is “failure” is part of the learning process providing anyone the opportunity for internal growth. If you wanted to grow and become a better version of yourself, then you need to experience failures and learn lessons to improve yourself. Success won’t fall in your lap, you have to pursue it. But to pursue it will also require you to be ready on embracing several failures. There’s no best teacher who can teach you to think and plan strategically the next time than your experience. Always remember that “Failure is not the opposite of success, but a stepping stone to success.”
An entrepreneurship class provides students all the opportunities to learn these skills. They need to learn these skills because the future belongs to people who can identify and deal on problems, innovators, collaborators, risk takers, and people who are ready to experience failure for learning.