Are college degrees absolutely vital for budding entrepreneurs ?
Often, I’ve been in a situation where people has asked me this same question again an again - Do I need college degree to see me grow into an Entrepreneur? Can’t I do without the same? Well...very honestly, I have never ever thought of being an entrepreneur and so everything for me stops here itself. But yes, from the questions raised above, I strongly agree that college degrees do add a great deal of value to the budding entrepreneurs. Nothing goes waste but again, I do agree that practical knowledge is far more important than the bookish knowledge. And that’s why to support the same, we have some great examples of those who have made it to the top without burying themselves into college degrees.
Dhirubhai Ambani, Bill Gates, Mark Zuckerberg, Richard Branson, Michael Dell, Walt Disney and Steve Jobs...and perhaps I could have added more in the list. Surely, these people have different names but they have one thing in very common - All of them considered 'willingness to take risk' rather than a college degree as the basic parameter for being an entrepreneur. How many of us think the same way ? How many of us have dared to think beyond our limitations ? Interestingly, there is a clear contradiction between how people think in either of these cases. For some, entrepreneurship is all about taking risks and therefore, leaving school to become an entrepreneur is indeed one of them. And there are some for whom education is still a top priority no matter how much they know! Education for them is a must to prove their worth in the long run! From the list of entrepreneurs as mentioned above, you need to know one thing that while few of these people were ‘dropout by situation’, most of them were ‘dropouts of choice!’ That clearly shows that education surely is not the most influencing factors when it comes to being an entrepreneur.
There’s a lot to be learned from these people. Education may seem vital but these people have proved it otherwise. To add to it, there are some like Peter Thiel, the founder of PayPal who thinks that modern education is crippling young minds instead of providing freedom and the tools to pursue big ideas. And so it is always better to step out early from schools if you have that strong urge to work on your business ideas. You can still come back anytime to pursue your formal education if you feel convenient for the same. On the contrary, you have people like Vivek Wadhwa, noted entrepreneur, academic, researcher, and writer....who feels that one needs to understand subjects like finance, marketing, intellectual property and corporate laws before moving ahead for anything like entrepreneurship.
Whatever maybe, I think this is a highly debatable topic. There is no point in arguing over the same. What may look good at one end, may not be flawless at the other. For me, I still feel that a decent college degree is more likely to open better business opportunities. Only proper education can provide the traits of decision making and leadership which are absolutely vital for entrepreneurship. I think its high time to redesign our education in a way that it goes hand-in-hand with entrepreneurship. Finally, the choice is yours!
Aswani is an avid blogger from India who loves blogging and social networking. He has been blogging since 2007 at One Stop Blog where he has been sharing his useful, interesting and informative tips on blogging, SEO, social media networking and related stuff.