What would you say could help universities to promote more entrepreneurship and not employment on students?
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Answers to this question:The first obvious answer is to put together courses that would teach the student how to model a successful business. Possibly give them a platform to mock-up a start-up and "market" it to the rest of the student body. Nothing but nothing substitutes for actual experience. The student body could be issued "virtual" money.
I don't know about in Canada, but in the U.S., university and college are not the only options for people wanting to go into business. There are career "colleges" that teach all the basics and are more properly directed to preparing a student for life in the world of business. My husband attended just such a "college." But when we opened our own business, it was still me that set up the record keeping end of it. Bernd was, however, the one who did all the creative advertising.
Entrepreneurship is not for everyone. You have to have faith in yourself and work all kinds of insane hours. You are responsible for every little facet of the business. If it doesn't work, you and you alone have to deal with the failure and find a way to fix it. You need a decent beginning capitol and enough reserves (for both your business and personal expenses) to weather at least one year of failure. And most of all, you need a really good plan plus a contingency plan.
I think universities in Netherlands have an option such as the one you point of having possibility to try and start something. I think they call it "business games". Students start a business project and get some money from the university to get it done in 2 months, but after that period, they have to return the money back to the university. If they make any extra earnings, they get to keep them, but they don't get a good degree if they fail to produce money from the loaned amount.
Thanks for commenting Dianne
My middle son is going to a university which requires each student do at least two, 6-month 'co-ops' before graduation. This results in the school having a great placement rate after graduation. These students tend to graduate already connected with job contacts, and often have to chose between multiple job offers. This also results in a higher starting salary, on average.
My son's only in his first semester at this school, and he's constantly being pitched ideas for new startup companies, trying to entice him to join. He's a business/computer science major, so he's right at the center of a great entrepreneurship incubator. Oh, ok, now I'm just bragging.
I think more education should include real-world experience as well as classroom training.
Bruce, I think students like your son are getting quite a good experience with the program, but isn't it still a program that promotes employment more than entrepreneurship?
About your sons ideas... How do you think you could encourage him to try entrepreneurship and help him to be succesful?
I certainly agree that real world experience is needed more than only theory.
Thanks for your comment.
1. Universities must stop promoting student loan debt.
2. Colleges need to incorporate a required core course on money management.
3. Professors need to be required to stop promoting politics, and be fined if caught, because their impact has become that government is required to take care of you.
4. Students should be required to volunteer in the community in a variety of businesses, and in exchange should be given a different variety of college credits depending of where they volunteer, which will save on their class costs. We have a college in my area that does just that...it teaches community service.
5. Employment at the college should be about more than minimum wage, and some colleges already do this, but room and board should be able to be worked off, for students who come from less fortunate circumstances. There is always a cafeteria need, janitorial, or housing place to serve.
6. Those who perform well in the Business classes should be allowed to take assistant grants, with business owners to develop entrepreneurship abilities.
7. Good entrepreneurs should know how to manage employees, and that could be part of the training in the business department or on the job at their volunteer source.
Totally agree with 1, 2, 4, 6 and 7. Thanks for the great ideas Elle.
» Answer from Garlex Answer given 165 days 8 hours ago.One excellent example of just this kind of thing actually happening is the partnership between the University in Newport and Business. This allows both parties to gain, the business gains from the use of he facilities and ideas students possess and the students and University gain by understanding what it takes to get the students ideas into the commercail world and preparation and understanding for students to realise what is required of them moving from the academic world to the business environment.
Being part of a KTP grant scheme, which is a Knowledge Transfer Partnership between the University and Businesses. Grants are availble to businesses who also make a contribution and are accepted onto the scheme if they have a viable and innovative idea which passes scrutiny. A student or students are placed within the company but overseen by the relevant university departments to run the project through to fruition and includes marketing assistance to ensure suiccess.
Wonderful program, how long has it been working?
Total Answers: 5, Total Page Views: 707.To place as an equal, upon the governing board, someone known to be unconventional and highly creative.
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