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Entrepreneurs know how to filter opportunities because it is easier, cheaper and faster to change a business plan on paper than to do it the marketplace. Students must be trained to embrace failure and to learn from it.
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MORE IDEAS ON THIS
Understanding the economic impact of a business idea, both on potential customers and its viability, is a critical part of mentorship in the ecosystem. The economic gain in value/time savings that is engineered into the innovation dictates the revenue model. Hence enabling the student to devise c...
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71 reads
The lines between a school/college project and true entrepreneurship have been blurred. Many universities and colleges establish project teams and call themselves incubators. An incubator is merely a hospital for a short period after birth. A true entrepreneurial ecosystem will help the newborn g...
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95 reads
Adults tend to think of entrepreneurship as a high-risk and unstable undertaking for students. What if entrepreneurship is considered an opportunity to create wealth? What we need to do is to recast the “Art of Entrepreneurial Success” as the “Science of Creating Predictable Wealth” for students,...
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125 reads
Often, we hear of young entrepreneurs being described as dropouts, outliers and mavericks. But, building a successful ecosystem for student entrepreneurship involves nurturing people who are capable, but may not know it. Hence, this is a community endeavour and requires coherent ...
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174 reads
An ecosystem for student entrepreneurship must help students connect the dots. Entrepreneurship is about creating, retaining and building wealth for all shareholders. The metrics of wealth creation are based on sound business models. Students must be taught that entrepreneurship ...
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69 reads
Capital is the lifeline of entrepreneurial existence. Student entrepreneurs must learn to source the right type, size, and timing of capital. The ecosystem must enable such learnings including sources of funds such as governmental and private ones. Accessing non-controlling growth capital is a di...
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61 reads
Student entrepreneurship is about building teams and learning together. Such a culture is the foundation of future value creation. Whether a team can manage challenges depends on the bond and trust between team members.
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66 reads
CURATED FROM
IDEAS CURATED BY
Hi! I'm Anu, 18 year old in love with reading, writing and being creative. I also love music and arts and crafts. The idea of spreading love, peace and happiness around keeps me going ♥️
School should be a place that teaches things. Including real life ways to make money and successfully run a business.
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Other curated ideas on this topic:
Incorporate more risks into your business and work style. Think about how to change your core processes, do them faster and increase your sales.
Try borrowing from other industries' methods to change your model. Also, think about how to scale your business and how to ch...
"Every choice we make in life is an experiment. Every day offers fresh opportunities to find better decision-making frames. We live in a time when data is more plentiful, cheaper to analyze, and easier to translate into action than ever before. Smartphones, websites, d...
1. Failure leads to success
If you want to be successful, failure is necessary.There is nothing wrong with failure as long as you learn from it and apply it to your endeavours in the future.
2. The more you learn, the more you realized how little you know
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