Entrepreneurship Education: Let’s Debunk Some Common Myths!
For decades, India has produced the bulk of its food through traditional ways of farming/ agriculture. The system is majorly dominated by large farms growing the same crops every year using enormous amounts of chemical pesticides and fertilizers. Such agrarian techniques have resulted in irreversible damage to the soil, water, air, and climate. As we all know, an aggressively-consuming system which squanders and degrades natural resources cannot last for long. In the 21st century, the farming industry faces severe challenges; the matter is exacerbated by the environmental impact.
There is no doubt that entrepreneurship is one of the most bandied words, not just in business schools in India but anywhere. Every day or two, we come across a new startup creating waves with a rags-to-riches story. Entrepreneurship is perhaps one career path that seems to be a hit among students. The word defines a common denominator of what has become accepted as a way of life after graduation. Today, engineering students dream of starting their tech ventures. Fashionistas look forward to launching their fashion label. Even pharmacy students can hardly wait to disrupt the digital health industry. And yet for all the excitement around the ‘E’ word, there are several misconceptions preventing students from taking the leap.
The aim of Sanskriti School of Management & Commerce is to nurture a talented breed of professionals via quality education. This includes debunking any myth or misconception related to business management. Today’s post is a small initiative in warding away the worries of confused students.
Come, let’s talk about a few common myths and misconceptions related to entrepreneurship.
Myth #1 – Entrepreneurs are born, not made
For years, finance researchers, social psychologists, and economic theorists around the world have speculated on whether entrepreneurs are born with a specific ‘DNA.’ What they’ve found today is the truth – that one is not predisposed to entrepreneurship because of genetic makeup. It’s not a trait one can inherit from business-minded parents. The inclination towards this path comes from a problem-solving environment, conditioning, education, interests, opportunities, choice of lifestyle, and other external factors. Entrepreneurship is a mindset and it can be learned. Regardless of where you stand, you can identify, develop, and polish the skills required. Sanskriti’s management courses offer not only skills and training for refining your business acumen but also teach you the tools and methods of business innovation and expansion.
Myth #2 – Entrepreneurship is all about starting a business
Not every entrepreneurial journey is about students fulfilling dreams of their innovations that lead to incubation, startups, and ultimately unicorns. This path is only a small snapshot of what you can do with an entrepreneurial skill set. If you are not ready to start your own business, fret not. Maybe you don’t want to start your venture after all, or at least not quite yet. There’s nothing wrong with it. The studying and training you gained is not wasted. Not by a long shot. You may be surprised at how many options you have out there. From consulting to R&D to business journalism, many lucrative opportunities are available today. The Fortune 500 is full of talented professionals who use their exceptional entrepreneurial skills to convert business ideas into execution.
Myth #3 – Entrepreneurship requires reinventing the wheel
Think ‘entrepreneurs’ and the visual of young students attempting to ‘build the next big thing’ come to mind. They have a grand idea, product, design, or a revolutionary concept that they believe can change the world. Right? See, this is a misconception. Remember, you don’t need to have a genuinely-original idea to be an entrepreneur. Some of the biggest brands in the world are built on ideas that already exist, making entrepreneurship open to anyone with the passion for pursuing that idea. There’s nothing wrong with improving an existing concept and creating a business upon it. Once you get started, you’ll come up with your own market strategies and tactics to nurture and grow your business, thus taking it in an entirely new direction.
Myth #4 – Entrepreneurship is not a safe career choice
A general fear of failure pervades the world of talented students who wish their way to entrepreneurial success. What’s stopping them from taking the plunge is a dark cloud of uncertainty that rains confusion and self-doubt on their minds. What students should understand is that today entrepreneurship as a career path has evolved from a lonely, dusty old road leading to a dead-end to a concrete path leading to an avenue buzzing with excitement. It is human nature to be scared of things that you don’t understand. Sure, be it a small startup or a large enterprise, business management is a complex process with many factors. But, you can learn about those factors, practice tackling them, and master them with time. Truly successful entrepreneurs have a robust and informed decision-making process to reduce risk. Which is why, the top B-schools in the world (including Sanskriti School of Management & Commerce) design their courses to introduce challenging scenarios that ensure entrepreneurial success. From classroom exercises to practical training, internships, seminars, competitive events, and incubation programs, they use a wide variety of educational methodologies to hone students’ entrepreneurial skills.
Nowadays, there are many courses available to pursue entrepreneurship. You can pursue a diploma, certificate, undergraduate and postgraduate programs in this field. If you’re a student who is interested in discussing this career path, or any other path for that matter, call 1800-120-2880. The counseling officers at Sanskriti University would be delighted to help you.
