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The role of higher education promoting entrepreneurship

By Asomi College of Sciences

Usually, young graduates are expected to use critical thinking and tackle the problems of our society. But, how to inspire young people to continue their studies and, most of all, how to conduct them towards an entrepreneurial path?

Entrepreneurial formation within higher education

One of the possibilities would be, with no doubt, establishing a specialized entrepreneurial formation within higher education. This should be made because entrepreneurs are valuable to each country and they represent an important source of income. Besides the power to contribute to the national and international economy and to create jobs they have the force to shape the way we live. This is why entrepreneurs should be welcomed and entrepreneurialism should be welcomed and encouraged also during college. 

The best entrepreneurs have a set of skills that vary from communication skills to sales and branding. These qualities take time to acquire and therefore it is better to start from early on. Any career path requires learning and commitment, and the required skills must be trained but this is exactly why the entrepreneurial formation within higher education should become the normality. 

Entrepreneurship in the world

Most people are introduced to entrepreneurship by their parents, from a young age. But this depends also on the country the company is opened in and the support it gives to the flourishing of new businesses. So, how do diverse countries support their entrepreneurs? Well, four companies out of ten usually just do not make it past the first five years. 

Judging based on how much each country spends on the development and research every year, for instance, the US, Australia, Germany, UK, Canada, Japan, Switzerland, Sweden, Singapore, and the Netherlands are at the head of the list. When it comes to the countries’ startup environment rankings, then Canada, the United Kingdom, and the United States are the outstanding states. But the latter rankings have of course been judged by single entrepreneurs. This leads to the fact that in every case, the results depend on the evaluation methods.

Entrepreneurial education

Of course, the overall mentality is changing because more and more courses which are not only academic ones are created every day for forging new entrepreneurs. While at the universities or colleges the entrepreneurship is taught but students often are dissatisfied with the fact that there is not much practice and there is too much theory about outdated entrepreneurial ideas and their history. On the other side, what happens with the private and often online courses is that they too often just concentrate on giving the grade to their students rather than giving them necessary advice on the practical field of how to really start and manage a business. Nowadays, it is easy to set up a business on the internet, and there are also online training courses for doing it. But an academic approach is still needed. 

The improvement of entrepreneurial education and the effort of ASOMI College of Sciences

The world needs an efficient academic approach towards entrepreneurship, that includes more practical sides of the topic and that includes more internships and real-life work experienceEntrepreneurs should be the ones guiding these courses and giving lectures on how they made it through difficulties to arrive where they currently are. ASOMI College of Sciences supports initiatives having an entrepreneurial spirit and invites entrepreneurs in its lectures. ACS moreover promotes internships, research, and collaboration to promote entrepreneurship.

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