HOW DOES ENTREPRENEURSHIP EDUCATION BENEFIT STUDENTS?

• There are approximately 582 million entrepreneurs worldwide.?
• In the United States, there are 31 million?entrepreneurs.?
• Approximately 80% of American billionaires are self-made.

Entrepreneurship education has proven to have a positive impact on students and the future development of their businesses or companies. It’s defined as a learning activity that provides new and improved knowledge, fosters and reinforces skills, and forges a stronger character to face the business world. Those who receive entrepreneurial education are able to identify opportunities for entrepreneurship and thus create a business that benefits their personal growth and provides a solution to a problem, or meets the needs of the population, a fundamental aspect in the economic and social development of any country in the world.

But, why is the emergence of new entrepreneurs important? Many studies mention that it is necessary because it would boost economies and promote productivity in the collective, resulting in structural changes that allow progress towards a more prosperous future.?

Entrepreneurship education has two objectives. The first is to increase the number of people who can acquire new knowledge about entrepreneurship and self-employment to make this opportunity viable. The second is to prepare them with the necessary skills to become entrepreneurs and grow professionally and economically.

What are the benefits of entrepreneurship education for students?

1. It fosters in them basic life skills such as collaboration and teamwork, critical thinking, reasoning, time management, goal setting, among others. These skills will define their personality and help them to be successful entrepreneurs.
2. It helps them to enhance their creativity, which will help them be more skilled to innovate.?
3. It develops in them the ability to identify problems and find innovative ways to solve them. It may even allow them to have the ability to identify problems in advance and take the necessary precautions to deal with them effectively.
4. It fosters leadership skills that allow them to make a difference in the world.?
5. It prepares them to face and overcome challenges that may arise in their future, both in global developments and in their own business. They will be able to handle uncertainty and react when things do not go as expected.

The world’s challenges are becoming greater and greater. Entrepreneurship education allows students to be part of the future and become innovative leaders of new technologies and responses to what is happening in the world every day.?

It is worth mentioning that not all students have to become entrepreneurs. However, by receiving entrepreneurial education and developing necessary skills, they will be beneficial for any job, as they will be able to be more competent in identifying areas of opportunity, the strengths and weaknesses of a company, and more.

Learn more about Mentor Rocket! CLICK HERE