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Entrepreneur Corey Shader Asks, Can Institutions Teach Entrepreneurship?

Classrooms are great places to teach leaders of the future the skills they’ll need to succeed. But entrepreneur Corey Shader asks whether institutions can actually teach entrepreneurship?

After all, many people fall into leadership positions. They don’t study leadership specifically in a classroom, and they don’t plan to be leaders. So, can entrepreneurship be taught in a formal institutional setting at all?

In many cases, the two would seem at odds with each other. Classrooms teach students to follow sets of rules and pathways to be successful. Entrepreneurship takes a lot of outside-the-box and unorthodox approaches.

This doesn’t mean that classrooms can’t help students further an entrepreneurial spirit, though. Let’s take a look at how institutions can play a role in teaching entrepreneurship.

Hands-on Experience

There’s a lot that institutions can’t teach. Someone else can’t teach you how to be passionate or what to be passionate about, for example. They can’t teach you to be empathetic.

But, classrooms are a great place to get hands-on experiences that will help entrepreneurs prepare for startup life. One of the most valuable things budding entrepreneurs can learn in a classroom is how to start a business — taking it from the idea stage to the practical operation.

Institutions can educate students on how to develop their business idea into a prototype and then how to formally put that into action. Mock business creation can work like mock trials do for lawyers, giving students first-hand experience at starting and running a business without having to take on real-life risk.

Simulation

Technology has enabled institutions to do things that weren’t possible even a few years ago. One area of significant advancement is in the ability to run simulations.

In game-like atmospheres, students can put their ideas into motion, make decisions and test certain theories to see how it might pan out in the real world. Through this gamification of learning, students will learn entrepreneurial skills such as negotiation, teamwork, and trial-and-error.

Again, this can all be done in a simulated environment with no attached risk.

Learning from Others

Corey Shader explains that one of the most valuable resources for budding entrepreneurs is other successful entrepreneurs. By studying what others have done and learning from their mistakes and failures, students can learn basic entrepreneurial skills and what it takes to be successful.

Institutions are a great place for this type of case-study education. Many already have the framework and infrastructure in place to study the past and draw insights about how it could change students’ futures.

Most classroom environments already do just that — seek knowledge from events in history. Case studies in entrepreneurship can do just that.

Beyond a classroom setting, institutions can connect students with current entrepreneurs for guest lectures, on-site visits, and possibly even internships. Institutions can take textbook-based learning and make it more experiential-based from the various resources they have with the surrounding community.

These are just a few ways that institutions can indeed teach aspects of entrepreneurship. While some of the major skills and traits of successful entrepreneurs can’t be taught in any classroom, institutions can help to foster the entrepreneurial spirit and harness that power by focusing the energy to clear paths forward.

About Corey Shader

Corey Shader is a self-made entrepreneur, consultant, investor, real estate developer, and founder of several companies, notably Insurance Pipeline. Operating primarily out of Ft. Lauderdale, Corey’s endeavors span across the nation, consulting for startups, and sitting on the board of digital media and senior healthcare agencies. As a consultant, Corey helps young businesses develop sales funnels and maximize profitability. Shader takes pride in challenging others to push themselves to be their very best — he believes in constant self-improvement, inspiring others through sharing his own life experiences.