No one ever said it was easy being an entrepreneur. Whether you're in the early stages of your statrup, just secured funding for your startup or you are ready for product launch, there will always be those three components when you ask yourself if this whole entrepreneur thing is worth it. Instead of giving up and throwing-in the proverbial white towel, this forum will help in giving you all the motivation you need to achieve your result.
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Is Entrepreneurship the Answer to Obsolete Education System?
It is a fallacy that start-ups have some kind of a monopoly, and that entrepreneurship is an exclusive domain only for the privileged few. Entrepreneurship is open for all; today it has become important in all spheres of life. An entrepreneur’s job is not merely to think for himself but to solve problems of the world. In this digital age, everyone needs to have an entrepreneurial mindset because opportunities are aplenty. For instance, in the realm of entertainment with the emergence of various platforms like Netflix and games like Angry Birds, Candy Crush and others; we are at a juncture where in, we are competing against the time not only among ourselves. If you are not making something fun, innovative, competitive and good enough to lure the masses why would anyone give you his or her precious time, when the market is flooded with so many products of similar kind? Thus, it is imperative to create good experiences and pay attention to the qualitative aspects. One has to adopt a different approach in order to survive in the tough market of this age, where only the fittest and ingenious can survive.
And this is true for education as well. We need to approach education differently — align education systems with entrepreneurship. The state of education systems in some countries is disappointing and far from progressive. Learning should be for life and not for any exam or test — that’s the whole point of education: to enlighten the young minds to work towards becoming better human beings and to bring about positive changes in the world. But sadly, that’s not the case with education systems in most countries. Long school days and a lot of homework have become the norm, which to be frank would not lead our children anywhere.
More so, due to constant academic pressure, kids hardly get time to imbibe life skills imperative for a bright future. Over 9000 students in India committed suicide in 2016, while in Korea 25 percent high school students consider committing suicide every year. We can blame academic pressure, depression, competitiveness and pushy parents for these suicides. But these prevalent suicides are caused mainly due to our abhorrent education systems, which is so dreadful.
It is high time now that we revive education systems with an entrepreneurial approach. In Finland, education reforms began almost 50 years ago. Today, its education system is considered to be the best in the world. Proper schooling doesn’t start for Finnish kids until they reach the age of seven and there’s no mandatory exam for school kids until they are 16. In Finland, kids are treated as people — the fact that they have their own thinking and ideas about life is respected. And there’s no reason why such an education system and thought can’t be embraced elsewhere. Why pedagogical methods must be allowed to kill creativity?
There’s a lot of disorder in education systems around the world and there’s no easy fix, unless we adopt a systematic approach. To me, India, Singapore and Korea have quite similar education systems. Many looming problems in education systems in these countries can be dealt with by focusing on entrepreneurship — we have to promote entrepreneurship. We should emphasize more on the quality rather than focusing on increasing school day’s length. And schools should do what entrepreneurs do: work out a system which is aligned with the future needs of the world. It goes without saying that everyone has a right to fantastic education but it should be less of a burden and more progressive.
Abraham Lincoln once said, “The philosophy of the school room in one generation will be the philosophy of the government in the next.” And it is thus, success of nations largely depends on the way they nurture the generation that’s still in schools. Indeed, this generation must be empowered with education which is aligned with entrepreneurship. And such an objective, if achieved, can do wonders. For the generation which is in schools today would someday, far in the future, acquire leadership roles. If we give them the freedom to choose their own paths rather than burdening them with books that might make all the difference.
Twenty percent of small businesses fail within their first year. Entrepreneurship is no walk in the park. In fact, the amount of new businesses that fail exceed the number that succeed. That’s why it’s more important than ever to create a unique product or service that helps you stand out from the rest.
However, don’t be discouraged. If you believe in your business, passion will prevail. On average, 75 percent of small-business owners are confident in their company. And why shouldn’t they be? They’ve turned their passion into profit. Yet, keep in mind it’s important not to be overly confident. Instead, take things one step at a time. Typically, 20 percent of small businesses fail in their first year, 50 percent in their fifth year and 70 percent after a decade of being in business.
A number of factors play into a business’s closing, such as location, the current market, cash flow and more. The number of reason most small businesses fail is due to cash flow, and California cities such …
Being a young entrepreneur is difficult, no matter where
you are from. But in Africa, the challenges are often far more emphasised.
Resources, financing, mentorship and supporting services are even scarcer. Yet
despite this, the continent’s youth unemployment is higher than elsewhere,
and for many young Africans, entrepreneurship is less of a choice, and more of
a requisite for survival.
year the Anzisha Prize, Africa’s premier award for entrepreneurs between the
ages of 15-22, identified a handful of young entrepreneurs who are
making it in Africa. Here are some of their tips for success. 1. The most important step is the first one
Nteff Alain is the winner of the 2014 Anzisha Prize and is the entrepreneur
behind GiftedMom, an e-content platform for pregnant women.
says having an idea is easy, but turning it into reality is a whole different
story. The wall of challenges an entrepreneur faces can quickly de-motivate
someone from following through on their vision. …
Mark Elliot Zuckerberg is an American computer
programmer and Internet entrepreneur. He is a co-founder of Facebook, and is currently its chairman and chief
executive officer. Zuckerberg
launched Facebook from his Harvard
University dormitory room on February 4, 2004 with college
roommates and fellow Harvard students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes. The group then introduced Facebook to other college
campuses. Facebook expanded rapidly, reaching one billion users by 2012. During
this time, Zuckerberg became involved in various legal disputes brought by his
friends and cofounders, who claimed they were due a share of the company based
upon their involvement during its development phase. Early
Life Mark Elliot Zuckerberg was born on May 14, 1984, and
grew up in the suburbs of New York, Dobbs Ferry. He was the second of four
children and the only son in the educated family. Mark’s father, Edward
Zuckerberg, is a dentist and mother, Karen Zuckerberg, is …
Étienne Arnault was born on the 5th of March 1949. He is a
French business magnate, an investor, and an art collector. Arnault is
the chairman and Chief Executive Officer (CEO) of LVMH, the world's largest
luxury-goods company. He is the richest person in France and the fourth richest
person in the world according to Forbes magazine,
with a net worth of $75.5 billion, as of March 2018. EARLY LIFE After graduation, Arnault joined his father's company,
in 1971. In 1976, he convinced his father to liquidate the construction
division of the company for 40 million French francs and to change the focus of the company to real estate.
Using the name Férinel, the new company developed a specialty in holiday
accommodation. Named the Director of Company Development in 1974, he
became the CEO in 1977. In 1979, he succeeded his father as president of the
company. CAREER In 1984, with the help of Antoine Bernheim, a senior
partner of Lazard Frères, Arnault acquired the Financière A…
Gates is an American business magnate, who co-founded Microsoft, the world’s
largest personal computer software company. He consistently rank in the top
list of the world wealthiest people, he is one of the world best known
entrepreneur of the personal computer revolution. He is also the world most
generous philanthropist, who has donated over $28 billion to charity. Here are
his top 10 rules for success. 1.Have
you are going to start a company you need so much energy that you use to
overcome your feeling of risk. At the beginning it’s going to look so scary
especially given that you don’t have any experience as in the case for most
startups, you are going to make a lot of mistakes but if you have so much
energy rushing through you, you will be able to overcome your mistakes and that
of your team, you will also be able to guide your team into achieving the
desired result because energy is contagious. 2. Have
a Bad Experience: Bill
Gates is a college dropout who d…