Education is an essential element of entrepreneurship. Studies show that students who receive entrepreneurship education are not only more likely to be employed, but also more likely to start their own companies.
Why is entrepreneurship education so important?
If we want young people to succeed in the global job market, there needs to be a stronger focus on entrepreneurial education! Young people need to be equipped with relevant skills and knowledge. We must prepare them better for what is a very fast-paced, constantly changing economy where we need more job creators and enterprising employees.
Entrepreneurs have never been more important to our economies than today. They develop ideas, identify and create new business opportunities. However, entrepreneurs are not only needed to create new businesses, they are needed everywhere as the pace of change continues to require greater creativity, flexibility and innovation in every business. The employers of today expect entrepreneurial people who can adapt well, innovate, collaborate effectively and be problem-solvers.
Entrepreneurship education shows such good results and big impacts because it focuses on soft, transversal and core skills including: social and civic competence, initiative-taking, financial literacy, the basics of business, strategic and critical thinking as well as leadership skills, team spirit, problem-solving, learning to learn, risk-taking attitude and self-awareness.
What can we do?
We of Jonk Entrepreneuren Luxembourg are convinced that entrepreneurship education is a whole process and should therefore be embedded at each level of education. Young people are in the education system for ten to twenty years and that’s where the money needs to be invested, so that each level of education can be targeted. Once they are outside the school system, the cost of action is much higher and impact harder to achieve.
Young people need to learn how to create value in the economy, identify and take the right opportunities for their future. This can only be achieved through close collaboration between education, business and government.
Entrepreneurship education means developing new behaviors and attitudes, a whole entrepreneurial mind set. Creating a new culture cannot be achieved during a short lesson but requires a long process and new teaching methods. The emphasis should be on active learning, learning by doing, experience outside of school which will help young people to gain confidence, discover hidden skills and develop their strengths and competencies. Again, exchanges, collaboration and partnerships between private and public sector are key factors to achieve this.
Learning by doing: Jonk Entrepreneuren Luxembourg
Founded in the year 2005 Jonk Entrepreneuren Luxembourg (JEL) offers today 11 programs in entrepreneurship education at each level of education from primary school to higher education. The mission is to inspire and prepare young people to succeed in a global economy and follows the approach „learning by doing“.
In 2015 more than 9.600 young people participated in the programs of JEL with the support of more than 350 business volunteers from different sectors. Being member of Junior Achievement, the largest provider of entrepreneurship education, JEL reach globally 10.5 million students and 3.5 million in 39 countries on European level. Each program requires the intervention of a business volunteer, explains JEL: „Business volunteers impact students by bringing the real world into their classroom, sharing their experience and acting as mentors-coachs-experts-partners-facilitators-judges in different activities and projects.“ All the programs of JEL can be discovered on the website