Entrepreneurial education has traditionally emphasized execution, focusing on teaching students how to write business plans, create presentations for venture capitalists, and conduct extensive research. This approach assumed that the main objective was to implement a predefined plan. However, this perspective has evolved, recognizing that entrepreneurship involves searching for a viable business model. The current approach to teaching entrepreneurship highlights the importance of learning how to search for and validate business models. This change represents a departure from past methodologies and focuses on developing skills necessary to manage the uncertainties of starting a business. While traditional MBA knowledge—such as accounting, HR, and organizational behavior—remains important for scaling a successful startup into a large company, the initial focus for entrepreneurs should be on acquiring different skills. These skills are centered around strategy, process, and organization, tailored to the unique challenges of early-stage startups. The new paradigm aims to equip students with the tools to prioritize searching for a business model in a dynamic learning experience by exploring business models and customer development, marking a shift in entrepreneurial education. ## Activities - Watch the video [Entrepreneurial Education - How to Build a Startup - YouTube](https://youtu.be/020tQmOHpXU) - Answer the quiz on this video [Startup Outcomes - How to Build a Startup - YouTube](https://youtu.be/_0hbLyj-SAE), and see if you got the correct answer here [Startup Outcomes - How to Build a Startup - YouTube](https://youtu.be/4c9M5ntl1ss). Next: [[Traditional versus social entrepreneurship]] Back to [[Key Concepts on EITT]]