Entrepreneurship is also a vehicle for lifelong learning. It is a experiential mode of education. Students learn by doing. Working in teams students create solutions that draw upon field experience as well as research. Students solve real world problems and along the way master skills such as creative problem solving, critical thinking, communication, collaboration, citizenship and research. More specifically students develop writing skills, learn how to conduct market research, and interpret qualitative and quantitative analysis. Depending on how problems are framed and addressed, social responsibility can also be fostered.
Why teach students entrepreneurial skills? Job turnover rates are higher than in the past. Many jobs will cease to exist and others will take their place. The world is in a constant state of flux and in this spirit, students will need to think outside the box and develop their own projects. Learning how to fail, to overcome obstacles, and persevere is an an inherent aspect of being an entrepreneur and serves as an avenue of learning how to learn.