The Problem with Making Entrepreneurship Courses More Realistic
Source: Small Business Trend | Repost QBScott 9/15/2022 –
There’s a major push in business schools to make entrepreneurship courses more realistic. If you make the experience of learning about starting a company more like actually starting a company, the belief is, students will develop a better understanding of what it takes to be a company founder.
Whether or not students would gain a better understanding of entrepreneurship from more realistic classes, structuring entrepreneurship courses to be more realistic is unworkable in practice. But not for the reasons you might think. Contrary to popular opinion, most professors know how to make their entrepreneurship classes quite realistic. They just choose not to do it because the realism of starting companies is inconsistent with the academic evaluation system.
Why Entrepreneurship Courses are Not Realistic
To explain this concept, I need to describe two different kinds of statistical distributions. One is a normal distribution, which is shaped like a bell curve. With a normal distribution, a few outcomes are excellent, a few are poor and most are just okay.
Author: Scott Meister, CPA
I help small businesses, accountants, bookkeepers, office managers, and business owners with their accounting needs. I’ve used QuickBooks since 2002 and train folks on how to use it efficiently. I create high-quality video training tutorials for QuickBooks and post them on QBScott.com.
Certifications include: Certified Public Accountant (CPA) | Certified Bookkeeper (CB) | Advanced Certified ProAdvisor for QuickBooks Desktop | Advanced Certified ProAdvisor for QuickBooks Online | Certified ProAdvisor for QuickBooks Enterprise | Certified ProAdvisor for QuickBooks Point Of Sale