Making Entrepreneurship An Integral and Vital Part Of Society

by Patrick Liew on January 11, 2017

Entrepreneurship cannot be created.

We can only develop the environment to foster its growth, an environment where entrepreneurship is encouraged, valued and supported.

However, catalysing entrepreneurship runs contrary to a culture of “kiasuism,” a culture that very often disdain failures and over-glorify success stories.

Therefore, we need to craft a national blueprint to foster entrepreneurship, with active ownership, participation, and support from the public, people and private sectors.

This blueprint should also be crafted and championed by both prominent as well as struggling entrepreneurs from different sectors of society and not just from the business world.

They have the experience and competence to help create and more importantly, help to implement programmes to change the culture and groom entrepreneurs.

Research by Lalit Sharma and Pankaj Madan shows that education is one of the major factors for fostering entrepreneurship.

It plays a pivotal role in influencing and developing entrepreneurial traits and skills.

The pedagogical approach to be taken should encourage students to take risks and accept failures and mistakes as part of the learning process.

Working adults should be engaged to help teachers and to complement the curriculum by training students on entrepreneurial mindset, knowledge and skills through real life case studies

These adults can bring practical wisdom and experience to the students through a variety of hands-on projects and other programmes.

They can also arrange internships and job-shadow programmes to help students understand realities of the working world.

Let’s not underestimate potential of young people to achieve exponential, empowering and excellent results.

What they need are mentorship and guidance on how to obtain relevant information, conduct feasibility studies, and access capital, talents and other resources to implement and improve their ideas.

When the people and private sectors work closely with the schools, we can eventually change our “kiasu” culture.

Develop the ecosystem to make having an entrepreneurial mindset and spirit an integral and vital part of society.
In the near future, we can produce generation after generation of entrepreneurs to transform Singapore into a fulcrum for a Neo-Renaissance Age.

Singapore can then lead the region and even the world in pioneering creative and innovative breakthroughs, addressing social injustice, and making the world a better home.


I hope this message will find a place in your heart.

By the way, I have also recorded other reflections.

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