– beginning at primary school and going through to university… If you start teaching a six-year-old about entrepreneurship, you will have a much better chance at success than trying to orientate an adult towards it.” He adds: “There are three elements to an entrepreneurship program: attitude; skill; and motivation – with attitude being the starting point. The skills element should incorporate opportunity recognition and ideation – which involves converting ideas into viable business ideas, ie commercialisation. In many instances, the missing element in existing programs is around scale: teaching students how to develop an idea and then scale it.”
Hayley Goodwin Parry, founder of The Money School, believes there is certainly a need for an institution that would teach these types of critical skills. “As an entrepreneur myself, there are definitely short courses I’d be interested in attending to shore up knowledge in areas where I know we could use some help,” she says. “The associated benefits of such an environment – networking, contacts and “An entrepreneurship school needs to be fully integrated – beginning at primary school and going through to university… If you start teaching a six-year- old about entrepreneurship, you will have a much better chance at success than trying to orientate an adult towards it.” tried and trusted systems and processes that other entrepreneurs could piggy-back off of – could be enormously beneficial.”
With regard to the shape and form that a local entrepreneurs’ school would take, Parry advises looking abroad for inspiration: “I’d look to learn from similarly successful initiatives around the world and even partner with some of them where it makes sense,” she says.
“There is a need for basic templates for entrepreneurs looking to get things off the ground – from partnership agreements, to NDAs (non-disclosure agreements) and how to trademark your company name for example – all the way through to managing a start-up product/service in the everchanging social media space.”
Above all, an entrepreneurship school should seek to instil that coveted ‘culture’ of entrepreneurship and innovation, which only f lourishes in certain environments. “Entrepreneurship is a thinking discipline – it is not a discrete set of skills – rather, it’s a specific way of being in the world,” adds Marks.