What is business education and why is it necessary?
The first thing is to differentiate entrepreneurial education from business training. We understand training as the process of acquiring more or less development, aptitude or ability, while education refers to the development or improvement of intellectual faculties.
Of course before, during and after launching into the “adventure” of starting a business, it is necessary that the entrepreneur has the necessary basic training to support the necessary decision making throughout the business activity. The fact that the entrepreneur possesses basic knowledge in economic theory, tax, labor or financial aspects, including commercial law, can be an important weapon at the time when entrepreneur has to take control of his company and take it firmly to achieve the business objectives set. All these aspects are part of the business training.
This training can be acquired in several ways, through the university system (careers such as economics, business, administration and business management, law, etc.), through specific training plans (Masters of business training, business schools) or also through the professional experience acquired by the employer in previous work.
Currently the processes of outsourcing make it possible for any employer to have all these areas of knowledge covered in their company through the hiring of the respective services to external companies, labor advisers, tax, financial, lawyers, etc., and make it possible that anyone who wants to launch into the business world does not need specialized training to carry out their business plans. In such a way, by subcontracting of those services, the aspect of the business formation can be covered.
But, in addition to everything commented so far, we must take into account certain aspects that also influence the result obtained in the management of a business. These aspects belong more to the “spirit of the entrepreneur” and are the basic conditions that must compose the “character” of the entrepreneur. There is no system that provides business education, education in the values is necessary for the entrepreneur and, reinforced with the technical-training aspect, make up the framework that the entrepreneur must have to carry out a successful business management.
In these aspects that pertain to “business education” is where we want to focus. The best, and almost unique way to be able to reflect those aspects or conditions that every entrepreneur must comply is through experience. Logically, it would not be convenient for the entrepreneur to acquire this education in the exercise of his activity (for that there is always time) if not that, then the experience of people who in their day were like them can provide this knowledge and some very valuable points of view that will give an added value and enrich the business education that is so vital.