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Entrepreneurship: Here’s What They Won’t Teach You in Business School

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The thought of running your own business is like a dream come true for lots of people. The fact that you can call “going to work” a business that you created all on your own is definitely something that people envy. Why would someone envy an entrepreneur? Well, it’s mostly because they’re unhappy with the job they’re working themselves.

According to CBS News, two-thirds of American workers are unhappy and disengaged at work. The causes vary from person to person but pay and feeling valued have a lot to do with it for lots of people. It’s those reasons why people quit their 9 to 5 jobs and seek entrepreneurship. The great thing about becoming an entrepreneur is that anyone can do it, whether you go to school for it or not.

Now, that’s not saying that getting a formal education won’t help you in becoming an entrepreneur because it most certainly will. In fact, some of the best education programs for aspiring entrepreneurs are just a click away and can truly help you on your journey to becoming a successful business owner.

One important thing to remember about getting a formal education in entrepreneurship is that there are things you just won’t learn in business school… plain and simple. You’re definitely going to learn important stuff, like learning how to effectively communicate, you’ll learn economics and finance at its core, and you’ll learn how to negotiate… all of which are very important aspects of entrepreneurship but there are just certain things that you won’t actually learn about being an entrepreneur until you actually become one.

Take a look at some of the real-life learning lessons that you won’t learn in business school. Sometimes you just have to get out there and figure things out on your own.

1. Planning can sometimes work against you

In the world of entrepreneurship, what’s the first thing you hear when someone even breathes wanting to start a business? The first thing people want to imprint in your mind is to plan… plan, plan, plan! Business schools tend to do the same thing but what business schools fail to mention is that too much planning can actually have you setting yourself up for failure if you’re not careful.

The truth is, you can do basic planning in the beginning but you won’t truly be able to create solid plans until you’ve undergone trial and error of your product or service to the market. You’re going to benefit so much more by testing your idea to get proof that your business concept works versus trying to plan every step of your journey.

2. You have to piece your entrepreneurial journey together

In starting your own business, you’re going to have to figure things out as you go and just like it was for entrepreneurs before you, you’re probably going to have to do this with the limited resources you have. A lot of the successful entrepreneurs you know and love today, actually started out without a penny to their name, a business plan, or an official space to launch their business… they simply had to piece things together as they came on their journey.

3. You have to take risks

In business school, you’re being taught not to fail… “if you do this, this, and that, you’ll have a successful business.” If you know anything about business, you know that business is all about taking risks… especially financial risks. Now, that’s not saying risk your business by not getting business insurance or anything… in fact, just to completely erase that from your mind, here’s where to get general liability insurance from a trusted company…

Anyway, with business school teaching you not to fail, ironically, failing is the one thing you can count on in becoming an entrepreneur; you just have to dust yourself off and get back on the entrepreneurial horse. What business schools should really be teaching is that failure is part of your learning process, especially if you’re just starting out.

On your journey, you’re going to encounter roadblocks, stop signs, and detours that will slow you down from reaching your goals but it’s no reason to stop your journey. If you can learn to expect these things, you’ll be better equipped to handle them.

4. Creativity is important in a world of rules and regulations

In business school, creativity is a word that you’ll rarely hear… they’ll tell you in heartbeat to leave that to the arts! Professors in business school, do indeed know the importance of creativity for businesses but it’s just not their main focus of what they want to teach you. Mainly because creativity is a hard thing to teach… you either have it or you don’t honestly but there are techniques you can do to help you get your creative juices flowing.

From devising a unique marketing plan to reach your target audience to finding a solution to your customers’ problems, creativity is something you definitely need as an entrepreneur. The thing about creativity in business school is that business school, at its core, is all about systems, laws, and rules… those are things that teach you to operate within a certain parameter but with creativity, you have to know how to think outside the box, and again… that’s just not something that can really be taught but it at least needs to be discussed in classes to open the door to creativity in students.

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By Rover Explorer

Shubham likes to write about various educational and tech updates. In free time he likes to spend time in nature and exp...more

Shubham likes to write about various educational and tech updates. In free time he likes to spend time in nature and exploring the forests. less

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