I know that in the U.S. it is common for undergraduate students (18-22 years old) to study entrepreneurship. What are the major benefits of studying entrepreneurship? WIth more resources available online than ever before, many entrepreneurs who are that age are out building their businesses. Also, these programs cost something like $150,000-$200,000. Wouldn’t a student’s parents be better off giving them a portion of that money to start their own business? If it’s loans, why would you want to get a degree and saddle yourself with that much debt while you start a business?
oh dear. $200k to learn how to be an entrepreneur. What an utter waste of money. well in my opinion anyway. Can't wait to see the other responses as this is one of those mega huge questions that divides people ... Nature versus Nurture.
In my humblest of opinions, a person cannot learn to be an entrepreneur ... end of story. Well, they can go to school and pay the fees and take the classes. Just like I could go to a sports college and pay £200k to learn how to be a footballer (soccer or american football, take your pick). It guarantees absolutely nothing about your success. You either have it or you don't.
This may be very divisive to say some people just don't have what it takes to be a "successful" entrepreneur (or sports person or artist, etc). Some will be useless, some can be ok, some can be good, some can be amazing. Money cannot buy your way up the ladder.
It definitely pays to learn about entrepreneurship before diving head first into it. The rate of business bankruptcy in my country is very high because of the lack of knowledge, when people don't do the proper research and planning beforehand. But pay 200k for it is just stupid. You can get so much material from a library, online or by networking with the right people. And use the 200k for a startup. But that means you are committed to the entrepreneurial life. If you are second guessing it, you might as well just get a degree.
You may be presupposing the direction being taken by another person. Perhaps you assume they have your own aspirations. But people differ, their goals differ, and the way they get to their goals also differs. I think your answer is that for some, the formal part of the education helps them reach their goals, for others, it doesn't. I'm assuming you are in the latter camp and so, for you, that answer is the right one. Best, Tom
I studied Entrepreneurship and Innovation at Master's level in Lancaster University Management School, United Kingdom and in my opinion - theory = 10%, other gains = 90% - broader and diverse perspective and insight, greater knowledge through research and debates, broader collaboration and networks, developing new skills and strengthening old ones, the practicability, the drive, the commitment, the stickability, the multicultural environment, the challenge, the beehive of activities in an intellectually demanding environment and continual support with my start-up venture, i'll say....it was worth every pound sterling paid.
Let me word my response a different way...
anybody can go to sports college or art school, or a music college or to entrepreneur school.
but no amount of learning in an academic environment is going to make you one of the greats. Being great only comes from a natural ability.
so go to entrepreneur school. but in my opinion, if you are the type that believes you need to go then you are already not likely to be one of the greats.
If you are destined for greatness in business then you wouldn't even be asking the question about school; you would be currently JFDI'ing ... building and launching great ideas every waking moment that are bursting out of your head.
200K for course, seriously? You can buy good house or apartment in my country and rent them to get profit.
Try my method, try starting with your $5 make them into $50 in a week. How it can be?
1. Just believe this is your last $5.
2. In that condition you must think fast or you might die (cause you must buy food, etc). In psychology perception, if someone in a tight hour or under pressure, they willing to do anything.
3. In the end of the week, the way you survive, the way you struggle, the way you see the opportunities. In my opinion, the steps are the answers of your question.