LEARNING BY DOING

Accelerate your business with these expert tips on "Learning by doing" - take a look and discover this TIP!

Albert Einstein that "Learning is experience, everything else is information".

Learning by doing is a educational philosophy based on learning by doing and experience. In the context of entrepreneurship, it refers to the idea that the best way to learn how to create and grow a business is through action and experimentation, rather than simply studying theories and concepts. For entrepreneurs, experiential learning can be particularly valuable as it allows them to try out new ideas, experiment with different approaches and make decisions in real time. In doing so, they can acquire practical knowledge and essential business skills, such as problem solving, decision making, risk management and adaptability. In addition, the LEARNING BY DOING approach also fosters creativity and innovation, as entrepreneurs are free to experiment and explore new solutions and approaches in a controlled environment. They can also receive first-hand comments and feedback from their customers and users, enabling them to improve and refine their products and services.

In short, learning by doing can be an effective strategy for entrepreneurs seeking to acquire practical business skills and experiment with new ideas and approaches. By adopting a practical, experience-based approach, entrepreneurs can improve their chances of long-term success by growing and developing their businesses in a sustainable way. Learning by doing is a learning-by-doing training method used in entrepreneurship schools. The method involves making mistakes and looking for creative formulas to carry out real or experimental projects in teams where participants work as if they were their own companies. The focus of the methodology is on the learner, not on the teacher, whose role is restricted to that of a mere facilitator of learning in the development of a series of entrepreneurial skills and abilities such as decision making, creative thinking and entrepreneurial skills. leadership skills (+).

mentorDay uses learning by doing as a learning methodology for entrepreneurs, investors and mentors.

mentorDay, which uses the "learning by doing" methodology as one of its main tools for learning for entrepreneurs, investors and mentors. This methodology is based on learning through practical experience, failure and success, and focuses on learning by doing. MentorDay participants have the opportunity to apply their knowledge in a real-life environment by creating and developing their own businesses. Through the accompaniment of mentors and experts in different areas, entrepreneurs can learn to make informed decisions, adapt to changing situations and overcome obstacles.

The learning by doing methodology allows mentorDay participants to learn more effectively and quickly, by putting into practice the knowledge acquired and facing real situations that require them to make decisions and solve problems. MentorDay has achieved great success with this methodology, with numerous cases of entrepreneurs who have managed to create successful companies through its acceleration programme. In addition, this methodology has been recognised for its effectiveness and has been used in different areas of education and vocational training. mentorDay uses learning by doing as a key learning tool for entrepreneurs, investors and mentors, enabling them to acquire practical knowledge and develop essential skills for success in the business world.

Advantages for the entrepreneur, investor, mentor of learning by doing:

SOME OF THE ADVANTAGES OF "LEARNING BY DOING" FOR ENTREPRENEURS ARE:

1. Meaningful learning: the entrepreneur can apply theoretical knowledge directly in practice, which allows for more meaningful and lasting learning.
2. Skills practice: by carrying out practical tasks, the entrepreneur can practice and improve entrepreneurial skills, such as decision-making, problem-solving and team management.
3. Experience in real-life situations: by working on real projects, the entrepreneur can experience situations and challenges similar to those he/she will face in his/her business, which will enable him/her to be better prepared to handle them.
4. Improve confidence: learning by doing" can help the entrepreneur gain confidence in his or her skills and knowledge, which can be important in facing the challenges and risks involved in entrepreneurship.
5. It encourages creativity and innovation: hands-on experience can foster creativity and innovation, which can help the entrepreneur find unique solutions to business challenges.

In short, "learning by doing is an effective way for entrepreneurs to acquire practical and relevant business skills and knowledge, which will enable them to face the challenges of entrepreneurship more effectively.

CASE OF SUCCESS APPLYING LERANING BY DOING

Every day at mentorDay we come across success stories applying this methodology. A well-known success story in which learning by doing was applied is that of the company Airbnb. The company's founders, Brian Chesky and Joe Gebbia, used this methodology to create their online accommodation company. In 2007, when Chesky and Gebbia were unemployed and needed to make money, they decided to rent out three air mattresses in their San Francisco flat during a design conference in the city. Through this experience, the founders of Airbnb realised that there was a need for more personalised and authentic accommodation, and began to develop the idea of an online accommodation platform.

Chesky and Gebbia focused on learning by doing and constant feedback from their users. Instead of building a complete platform right away, they created a simple website and offered their air mattress rental service. Then, as they received feedback and suggestions from users, they incorporated new features and improved the platform. This methodology allowed them to iterate quickly and adapt to the needs of their users, which eventually led them to create one of the most successful companies in the collaborative economy. Airbnb's learning-by-doing approach has been key to its success, since, allowed them to develop a platform that solves a real problem in an innovative and effective way. In addition, allowed them to constantly evolve and improve, which has been fundamental to their growth and global expansion.

HOW CAN AN ENTREPRENEUR APPLY LEARNING BY DOING?

AN ENTREPRENEUR CAN APPLY LEARNING BY DOING IN VARIOUS WAYS, FOR EXAMPLE:

1. Constant practice: One way of applying this methodology is through constant practice in the day-to-day running of the venture. This involves putting into practice the ideas and solutions that are generated as the project progresses.
2. Experimentation: learning happens through experimentation and analysis of the results obtained. Instead of following theories or assumptions, the entrepreneur can experiment with different strategies and analyse the results to determine what works and what does not.
3. Collaboration: Collaborative learning can be very effective in learning by doing. An entrepreneur can seek collaboration with other entrepreneurs, mentors or experts in the field to work together on a project and learn from each other.
4. Conduct pilot tests: One way of applying learning by doing is through pilot testing to validate an idea or product before launching it on the market. This involves implementing a small part of the project to analyse the results and make adjustments before investing more resources in the project.

In short, learning by doing is a methodology that involves learning through constant practice and experimentation. Entrepreneurs can apply this methodology in their day-to-day work through constant practice, experimentation, collaboration and pilot testing. This can help them validate their ideas, improve their problem-solving skills and learn more effectively as they progress with their project.