Importance of Entrepreneurship Education.

By Bihongoye Erica

Entrepreneurship is a key driver of our economy. Wealth and a high majority of jobs are created by small businesses started by entrepreneurially minded individuals, many of whom go on to create big businesses. People exposed to entrepreneurship frequently express that they have more opportunity to exercise creative freedoms, higher self esteem, and an overall greater sense of control over their own lives. As a result, many experienced business people political leaders, economists, and educators believe that fostering a robust entrepreneurial culture will maximize individual and collective economic and social success on a local, national, and global scale. It is with this in mind that the National Standards for Entrepreneurship Education were developed: to prepare youth and adults to succeed in an entrepreneurial economy.

Entrepreneurship education is a lifelong learning process, starting as early as elementary school and progressing through all levels of education, including adult education. The Standards and their supporting Performance Indicators are a framework for teachers to use in building appropriate objectives, learning activities, and assessments for their target audience. Using this framework, students will have: progressively more challenging educational activities; experiences that will enable them to develop the insight needed to discover and create entrepreneurial opportunities; and the expertise to successfully start and manage their own businesses to take advantage of these opportunities

Entrepreneurship allows people to do what they want – to follow their passion. Entrepreneurship is not only important for the business itself. It plays a major role in the economy of a country. First of all, it creates new job opportunities. When an entrepreneur starts a business, she/he needs to hire others to build up the company. Besides that, entrepreneurship cause economic growth. In some countries there are more entrepreneurs than in other countries. Nevertheless, the field is growing constantly. In the end of 2013 there were 800.000 entrepreneurs registered in the Netherlands – and the number is increasing. Entrepreneurs provide wealth. When starting a new business, entrepreneurs tend to sell their product for a low price first. By that, people get to know the product and have the opportunity to test the product and to buy a high-quality one for a low price. By that, entrepreneurship fosters the economy of a country. Therefore, a lot of governments even support people who want to start their own business e.g. in Denmark. However, one of the most important aspects is for sure that entrepreneurship helps to bring new products and ideas to the market. Without the creative ideas of entrepreneurs our world would not be as advanced as it is today in the fields of culture, science and technology.