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Sun, January 15, 2017

Why Learning Entrepreneurial Tools will Make you More Valuable

Entrepreneurs are often said to be America’s most valuable asset.

Why? They constantly change the environment we live in, revolutionize stiff, outdated industries and keep improving our standard of living through their innovation power. Successful entrepreneurs’ path breaking new services and product offerings are also creating new jobs, add to the national income, and even help to improve their respective community. So, if you want to learn how an entrepreneurial education can change your life and possibly even the lives of the people around you, then I encourage you to read on. Who knows maybe you could be the next big thing?

Demonstrate Skills in Start-Up Ventures & Business Management

I bet the majority of you reading this have thought at least once about opening your own business, but ultimately gave up on the idea because you A) have no idea what steps need to be taken to open a business or B) don’t have enough confidence in your business management skills to grow it into what you want it to be or C) think that there is no way to fund your venture. Either way, learning the start-up essentials will not only aid you if you ever decided to open your own thing but also increase your understanding of the company you work for - and thus your overall value to them. Understanding key metrics, customer behavior, and financial statements will allow you to make more educated decisions and be part of the conversation.

Creativity & Thinking Outside the Box

The beauty of entrepreneurship lies in its diversity. Someone dedicating his/her time to studying entrepreneurial management will not only learn about how to open a business but also how to think creatively, solve problems, and think outside the box. Personally, I always considered myself an uncreative person. However, I learned that creative thinking and brainstorming is undoubtedly something that can be taught and practiced. Once you understand how to engage your greying brain cells and practice frequently on daily issues, this skillset will make your entire life much easier. Trust me.

Self-Management & Personal Responsibility

Most of us are stuck in a 9 to 5 routine and have gotten used to the daily grind. For some people that might be just fine but is it really for you? We all have dreams and goals we are trying to reach and sadly many of them seem untouchable due to financial and time constraints. Entrepreneurship teaches you to hold yourself accountable for your own goals and teaches you how you can map out a plan that will take you wherever it is you are trying to go. If you start to “think like an owner”, you will realize that your success is entirely dependent on the amount of work you put in! A former business student once said: “Effect change—don’t just be an audience. Find something you believe in and take action; that’s truly the heart of entrepreneurship. Going to business school made me see what was possible—I realized that if I truly want to do something, it can be done.” – Sumit Vohra, CEO and Founder, Lonerider Brewing Co

Teamwork

As an Entrepreneur, especially in the start-up phase, you will need all the help you can get. Going through the process of opening a business, even when purely hypothetical, forces you to accept that you can’t do everything on your own and that there are indeed things you don’t know (and even things you don’t know, you don’t know). Learning how to work effectively on common goals with others, trusting their competency, and coordinating projects among a group of diverse people are extremely valuable life lesson that can literally be applied anywhere.

Happiness & Being Your Own Boss

I am not going to lie to you – as an Entrepreneur you will basically work around the clock, but you get to choose your hours yourself and will be much happier than your friend who works for State Farm. Studies have shown that entrepreneurship promotes social and emotional well-being by giving business owners a higher sense of control over their own destiny. Also, the trend of social entrepreneurship – doing well by doing good – has increased the philanthropic virtue of business as a whole. Profit and purpose aren’t mutually exclusive and it sure feels good to give back, right?

Learning How to Manage Money Properly

Start-Ups are basically always short on cash and so are most American households. Learning how to manage your resources more effectively and most importantly ensure your business’s liquidity will also enable you to keep better track of your personal finances and as a result improve your standard of living.

No matter in which stage you are in your life, where you work, and whether you want to open your own business or not, an education in entrepreneurship will change your life to the better. Knowing the business essentials, understanding the values, attributes, and beliefs of successful entrepreneurs that drive the change we see in the world today will eventually help you to be the best you and isn’t that the one thing we want out of any education?