Look at the Academics
In your search, it’s critical to differentiate between starting a business and learning the skills of entrepreneurship as a springboard to success. Entrepreneurship is not just about starting a business, though it’s that, too. Entrepreneurship is about acquiring the skills of success, and entrepreneurship colleges know how to teach those skills in the context of entrepreneurship. So, whether you start a business, work your way up the company ladder, or blaze your own trail, these are the skills of success whatever path you take.
In short, entrepreneurship education is about creating an entrepreneurial mentality in students that is crucial to corporate and social innovation, and leads to success in any business setting. These skills include:
- Calculated risk-taking
Each of these skills, plus managing ambiguity, thriving in uncertainty, and acquiring the “action mindset” translate well into other business realms, whether inside a Fortune 100 company or a family business.
Andrew Corbett, Chair of the Entrepreneurship Division and The Paul T. Babson Distinguished Professor of Entrepreneurial Studies at Babson College, illustrates this point using the school where he teaches as an example.
“What we're really doing is using the vehicle of a startup to teach entrepreneurial leadership skills that make our students successful in whatever path they chart for themselves.”
Once you understand the academic approach of an entrepreneurship college, look at its campus and resources, particularly around centers for advancement.