Mastery of the Fundamentals

Mastery of the Fundamentals

For the ordinary person to attempt overnight to create a new venture is tantamount to the person who cannot read music sitting down to compose a symphony. It is like a man who has never held a brush and palette in his hands essaying a portrait in the style of Rembrandt. The creation of a new business, like any form of creativity, is depended upon the mastery of the fundamentals (Collins et al., 1964).

Everyone needs entrepreneurship education and training, and should be guided to understand that entrepreneurship is a legal way to earn a living and therefore a mainstream career choice. Thus, entrepreneurship awareness, education and training can contribute to creating an entrepreneurial culture which drives communities and economies.

Is entrepreneurship teachable?

However, the argument of, what is entrepreneurship, is it teachable has been on-going, many studies show that entrepreneurship can be learnt. But a general perception with educators or regulators is that ‘employment’ implies working for others and earning a salary, which is far from the truth. Entrepreneurs are their own bosses, or their companies employ them paying their wages, so career attitudes need to change.

Fundamental Mentality and Method  

One issue even with an increase in the teaching of entrepreneurship courses in higher institutions is the emphasis on simply developing business plans. While these are valuable components of emergent capacity, encouraging entrepreneurship initiatives would only succeed through a mastery of the fundamentals, that is, enabling entrepreneurship awareness and mindset development additional to understanding the core systematic processes, emotions inclusive, and such reflective practice empowers entrepreneurial careers.

Entrepreneurial Skills Creates Employability Skills

Furthermore, developing entrepreneurial skills contributes to employability skills; some become valuable employees while entrepreneurs start and operate businesses “There is an entrepreneur in youth who, given a nurturing and stimulating education, can contribute to economic growth, community development, youth empowerment, individual well-being and social mobility, regardless of whether the individual ever launches an enterprise (Taylor 2008).

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