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Why is entrepreneurship not taught as a major in universities— given the high influx of individuals becoming entrepreneurs.
The content entrepreneurship can be taught in class, but the practical experience cannot gained by student from schools. Entrepreneurs need to channel their creativity often, whether you need to come up with unique solutions to your customer’s problems or find that great business idea. Creativity is very hard to teach, so it’s no wonder this is something lacking in business schools. Business schools teach systems and rules.
The best and most effective way to learn entrepreneurship is by doing it. But the more you can learn – from schools, books, speakers, mentors, business games— before you put your money and your reputation on the line, the more successful you are likely to be. Now, schools can give you a pretty good start. They can help you understand economics, finance and accounting – to help you learn what value is, and how to get the most out of other people’s money. Teachers can help you understand marketing, social media, pitching and PowerPoint, leases and legal issues, tax-reduction strategies and how to motivate employees and partners. A good school would also give you lots of readings containing key insights into entrepreneurship, from newspaper articles, books, and business cases. And any entrepreneurship teacher worth their salt will bring lots of guest speakers into their classroom, to talk about their careers, their successes, their mistakes, and their lessons learned. The very best teachers will leave lots of time for Q&A, or even individual mentoring, so that students and entrepreneurs can create their own value-added conversations.