As we all understand- there is no direct path to success. If there was, we would all be successful. Wanna be a doctor? Go to Med School. Wanna be a […]
As we all understand- there is no direct path to success. If there was, we would all be successful. Wanna be a doctor? Go to Med School. Wanna be a lawyer? Go to Law School. But, what about if you wanna be an Entrepreneur? Is there an Entrepreneur School, per se? Is there some kind of academy where they teach you how to be great Entrepreneurs? Well, there aren’t. Yes, there is college and they provide majors in Entrepreneurship but with the significant cost of tuition fees and an even enormous student debt- Is it really worth it?
Unfortunately, there isn’t any correct answer. Its all based on a personal level. College provides lifelong learning and skills which you might not have access to had you not attended any university. It helps you grow personally and professionally. I think it has more to do with what exactly fascinates you- what is it that you love? Maybe you’re into painting.. perhaps you could open up your own art studio. No matter what type of business you dream of starting someday, there are some skills you NEED to have as an Entrepreneur. You need to be able to market yourself, you need to have a little more than basic accounting and technical skills.
I do think before you decide to start your own company, you should work for someone else. It is the best kind of learning. It teaches you numerous things about how a business operates and gives you the kind of experience college never would. You will come across various opportunities and challenges and it will teach you how to overcome them. Working for someone else will also give you some financial flexibility and stability. You need to have enough capital of your own in the beginning so that you don’t drown in debts.
Going to college and starting your own business right after- I would say it’s quite burdensome. It would be quite difficult to continue investing in your company and making profits when you have a 6 figure college debt hanging over you. Perhaps online courses would be a good idea? Community college for some courses? Maybe that would be a cheaper option.
Whatever you decide to choose, make sure you know what you’re doing. There isn’t any correct answer- it depends on you, your personality, how you like to get things done. Many successful businessmen did not go to college or dropped out of college- and while that may be encouraging to hear- it shouldn’t affect your decision.