Thursday, July 22, 2010

WANTED: Entrepreneurs!

Bill Gates, Mark Zuckerberg, Larry Page. These billionaire entrepreneurs all had one thing in common: they lacked a formalized business education. They also had in common a genius idea combined with excelling in their field of interest and an ambitious entrepreneurial spirit.
It is commonly and wrongly thought by many people that in order to succeed in a business, it is necessary to have some sort of a business administration degree, or graduate in a field related to business. However, looking at teenage and young successful business owners, it is safe to assume that it takes not that but indeed a much more specialized understanding of their own field (whatever that might be)and a strong ambition in order to do gain financial prosperity through business.
A formalized education does many things: it enhances your analytical ability, creates more useful, intelligent people, and creates workers, not necessarily employers.
America might lack a lot of bullets in their educational system, but somehow or another, they manage to vest in their students the ability to dream big. They promote taking risks and don't shun overwhelming optimism. Indian schools are quiet reverse in this aspect. They respect (and most of the time unreasonably)pieces of papers known as degrees and view them as a guarantee to attaining success. In reality, those who graduate with the most difficult degrees are the ones that are grossly underpaid for their labor, and has caused ingrained pessimism when it comes to future plans. What classrooms here need is to instill in students the possibilities they can pursue once they realize a great idea. We need to promote the risk taking, go getting attitude that correctly enforces that being successful is not denoted just by graduating from a good university, but from excelling in your field of interest and enhancing people's lives through a business idea that promotes these skills.
Including an entrepreneurship course work based curriculum starting from 7th or 8th grade can promote the "out of box" thinking that is the key to being a successful business owner. The heavy coursework and endless curricula that is the current standard in Indian schools might not have the space and time to include such activities, but undoubtedly this is the most important gap that needs to be filled in order to produce the next generation of Indian entrepreneurs. All in all, aren't the entrepreneurs of tomorrow in schools today?
That is the exact message that Indian schools need to incoporate in their curriculum today. A program that casually teaches young students the possiblities of dreaming big and using their ideas in a commericial theme so that they can acheive economic as well as personal success and satisfaction. It's time that we catch up with our American counterparts. Teenage entrepreneurs are growing in numbers everyday simply by employing the principles taught in this program. Let's get to business, already.

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