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Why skipping education to start business is not a great idea?

By Guardian Nigeria
27 October 2021   |   12:50 pm
As more and more people are becoming interested in launching their very own start-up, there is a certain scepticism towards education. With examples of Bill Gates and Steve Jobs, who were droppers but managed to launch the biggest companies that the world has seen, many beginners are keen to follow in their footsteps in the…

As more and more people are becoming interested in launching their very own start-up, there is a certain scepticism towards education. With examples of Bill Gates and Steve Jobs, who were droppers but managed to launch the biggest companies that the world has seen, many beginners are keen to follow in their footsteps in the entrepreneurial journey. Further, many people believe that the national education system of their countries does not encourage ideas and dreams, something which are important for launching any start-up. The question that arises is whether one should follow their footsteps and avoid education or it should be the other way round. Here are a few reasons why pursuing education to start a business is a great idea. 

It will help to understand the complexities of business

Managing a business is not an easy job to do. Apart from having knowledge about the basic management of the business, one further needs knowledge about marketing, taxes, legal things and sales. Education will help an individual by equipping them with the basic information which is required for running a business. Education is not only important for cracking Government Jobs but also for running a business. Currently, many tech start-ups are doing well, so to know the basics about it, education is important. 

Education teaches one interdisciplinary approach 

Businesses in the current time require an interdisciplinary approach as one skill is not sufficient to handle the complexities of it. From economics to marketing, technology to communication skills, an entrepreneur needs to be equipped with the basic skills. Academic education ensures to provide the students with a well-rounded education to ensure that they manage to understand the basics of all the different skills. 

It exposes the student with different culture 

Not many start-ups are now constrained within the boundaries of a particular geography. If you truly want to make it big, it is important to expose yourself to different cultures. When you go to college to pursue education, you get to experience different cultures from all around the globe. In addition to helping you find your name in Sarkari Result, the cultural difference also pushes you to understand different demography which is vital for launching a global start-up. 

Education equip the entrepreneur with language skills 

In the globalised environment, having the right language skill is extremely important to ensure good communication skills. Pursuing formal education in school and college allows the student to interact with other students, teachers, alumni and other people which in turn, improves their communication skills. 

It allows to create of a good network 

Each college has its own sets of alumni with their own professional achievements. During alumni meet, one can choose to meet these alumni and expand their network. Also, even if one does not attend these meetings, one can connect with them later when launching the start-up to seek help. 

These are a few ways in which education can help one in becoming an entrepreneur. Having said that, getting a college degree is not necessary for entrepreneurship but then, this question requires a deep dive to see whether you need that education or not. Not every entrepreneur who dropped out is successful and therefore, it is not recommended to blindly follow others but to learn from the example of others and then checking whether a certain path is right for you or not. 

In addition to pursuing college, one can also learn these soft skills from volunteering, internship and general work experience. To actually decide whether a college education will help you or not, you need to ask yourself whether the education is connected with the field in which you want to launch your start-up. Secondly, you need to be honest with yourself and ask whether you think you have the necessary skills to become an entrepreneur or not. If the answer is no, then pursuing a college education is a great idea to build up that confidence. 

Lastly, you need to weigh your passion and patience. If your passion exceeds your patience, you can go forward to launch your start-up. However, if you have the patience to earn some knowledge before launching the start-up, you should go for a college education. However, most of the entrepreneurs have one or another form of education and they consider education plays a vital role in expanding their business.