“There is no greater teacher than experience.”
Nowadays, for entrepreneurship education, the traditional lecture-only approach is not enough. Jim Hart, Director of Arts Entrepreneurship at SMU, explains how educators should “flip” their classrooms and offer in-class experiential exercises.
When a lecturer bestows information onto a student, the student will oftentimes assume that information to be true and take a “leap of faith,” without proving the information with facts and will be swayed easily when presented with unknown information. Students who learn through experience know an outcome of a situation because they have learned it to be so. The experience provides “wisdom and wisdom can lead to wise decision-making.” This experience is valuable to aspiring entrepreneurs because it teaches them to make tough decision and experience what it’s like as a small fish against the giant sharks of the corporate world.