According to accountingweb.co.uk, the serial entrepreneur and self-made retail millionaire ‘Dragon’ - Theo Paphitis - will launch the BA Honours course in Enterprise Development at Huddersfield University shortly.
Due to begin next September, the degree, which has been dubbed ‘pracademic’, has been designed to help young entrepreneurs start and run their own business whilst studying.
Paphitis, who is dyslexic and left school aged 16 with one GCSE but is now worth an estimated £125m, will lead a series of masterclasses. World-renowned business expert Michael Gerber will also contribute.
“We need to re-invent the way we start a business,” Gerber said. “The current thinking isn’t working and hasn’t worked properly for over 30 years. Too many small businesses still fail in the first five years of their existence. This must stop.”
Professor John Thompson, the academic behind the degree, added: “Most people who start a business are good at the technical aspects of what they are doing. What they are typically less good at is running a business and this affects the growth potential.
“In large part this is because they never trained to run a business; they trained to be a technician and they became expert at that. This degree will change the way a would-be entrepreneur starts and runs the business from the outset.”