The findings of a recent study by Babson College suggests that exposure to entrepreneurship in school increases the intention to become an entrepreneur.
This is consistent with preliminary findings we are seeing in data we have gathered here at Belmont.
Increasing exposure to entrepreneurship is a driving force behind our inclusion of entrepreneurship coursework for all students pursing either undergraduate or graduate degrees in business at our school. It opens students’ eyes to business ownership as a career path.
We are also trying to take our efforts to integrate entrepreneurship into other programs across our campus. While we cannot get entire courses into other academic programs, we can help integrate the topic into existing courses by working with faculty from other disciplines. In fact, cross-campus entrepreneurship education is a trend happening at colleges and universities around the globe.
Those students studying engineering, medicine and other areas of healthcare, art and music, the sciences, and so forth, all need exposure to entrepreneurship. For with exposure we can increase the number of business owners in an economy. We can offer these students a better understanding of what entrepreneurship really is and what it takes to launch and grow a venture. We can demystify it and help dispell some of the myths and misconceptions they have about entrepreneurship. This is why I included entrepreneurship education as one of the five
points in my recent post about my agenda for utilizing entrepreneurship to
help rebuild our economy.
While some level of entrepreneurship does “just happen”, educating students about business ownership and free enterprise will amplify entrepreneurial activity.
Teach entrepreneurship not only gives them the skills they need, it actually increases their confidence that they can be successful at business ownership and increases the likelihood that they will in fact start a business of their own.
Exposure to entrepreneurship in college is important. I attended a small Jesuit liberal arts college (1967 to 1971) where they stressed philosphy, service to others, medicine, law, education. Their business program was top notch but was geared to providing employees to big accounting firms and large company management teams. Entrepreneurship was never stressed.
I recently attended a reunion where they honored distinquished graduates from 1961 to 2006: Doctors, lawyers, teachers, a hedge fund millionaire, government workers, an artist, an author, sociologists. There were no small business entrepreneurs on the list.