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There are many thousands of entrepreneurs that grow their business from absolutely nothing, and the story of the school drop-out who ends up making millions is one that’s commonly told among businessmen. The truth is however, a strong educational background is always going to be an asset, whatever industry you decide to get yourself involved in. Many of the world’s biggest and best companies were even set up while the founders were still at university or even college. If you’re in the business of education already you may want to look out for some educational PR. You could look into University Crisis PR from GK partners. This will secure your education institution and ensure you always have the best reputation. The question then – is it worth investing in a degree or other further education before you decide to set up your own business?
The Argument Against
The number one thing that puts people off going to university is the cost. Course fees can run into the thousands, leaving you with a debt that may well take years to pay off. This always has the potential to eat into your earnings through the future. There’s also the cost of living; it can be very difficult to make ends meet while you’re studying, because there’s simply not enough time to work a full-time job. Companies like Smart Pig are now popping up to give students a helping hand, because it can often be months between loan installments if you take out that kind of loan.
University also takes time. Time that you could be setting up and running your own business. Sometimes when inspiration strikes, the best time to take action is the present, and the opportunity might simply have gone by the time you graduate.
The Argument For
Education makes you better equipped to deal with the industry you choose to work in, and the better understanding you have, the better business you will have. If you think of some of the world’s leading entrepreneurial figures, like Bill Gates, Elon Musk and the late Steve Jobs, they really know their stuff; they aren’t just businessmen. If you go that extra mile to understand your product or service, whether it’s the latest piece of tech, trustworthy financial advice, or unique design, then higher education really could mean the difference between you offering something good, and offering something truly great.
To conclude, you have to weigh up your situation. If you can afford to wait, then becoming more educated in your chosen field is the best option, but sometimes it just feels right to get going right away. It’s your call.
