If you talk to a successful entrepreneur about the importance of education to run a business, you’ll probably hear him saying that ‘it’s not at all important and education is just a waste of time if you have entrepreneurship skills”.
On the other hand, if you talk to an unsuccessful entrepreneur, you’ll probably hear him saying “I wish I focused on my education too because the business just isn’t working for me and I don’t know what to do now”.
The point is that you’ll hear different views from different people but then to decide which view is “logical”, you’ll have to put some thoughts into it, yourself. Think about it for a while? Let’s suppose you skip the education and start your own business.
It’s been three years now, and your business just isn’t working for you the way you expected. In this situation, what exactly will you do?
Even if you want to get employed somewhere, people always look at your experience and your academic history first. And as you don’t have any of it, you’ll just have to wait and struggle harder for your business to work.
The long story short of what we are trying to tell you is that education is a must if you want to work in a multinational company or if you want to run a business of your own. It’s totally important, and you cannot miss it no matter what.
Now, if you want more convincing reasons to focus on your education then here are some of them that might justify our stance to you.
1] You’ll Save Money
First of all, you’ll be saving a lot of money if you focus on your education and on top of everything if you are running your own business. For example, if you’ve got a degree in accounting and finance and if you are trying to build your own business empire, then you won’t have to hire an HR or an accountant separately.
It’s a startup, and you have the ability and education to work as an accountant for your company, yourself. In other words, when you are educated, you know how to deal with different things yourself rather than hiring someone separately and paying him. It’s a great way to save some money.
Even if you opt for online courses, you meet people and socialize with them. This socialization or this networking is imperative for your business. Believe it or not, the connections you make at this stage will pay off one day, and you will witness the benefits later in life.
When you meet different people that share the same interests as you do and when you interact with them, you get to learn a lot of new things, and some people even come in handy for your startup. The point is that networking is necessary for your business, and that’s something you can do when you reach out to different people, yourself.
3] You Should Always Have A Plan B
As said earlier, it’s not necessary that your startup will work for you. You never know how much time it’s going to take for you to start earning the benefits out of your business, and you never know when you fail. This is the reason why you must have a plan B.
You can’t just expect things to work your way all the time. It’s obvious that sometimes, things are inevitable, and you should be prepared to face the challenges.
Now, focusing on educating will bring you new opportunities, and above everything, it will be your plan B. In case your business isn’t running well, you can always look for a job in a good company using your degree/academic qualification.
These are some of the reasons that explain why and how is education imperative for running a business. We hope that you now know that yes, you need to focus on your education no matter how skillful you think you are and no matter how good your entrepreneurship skills are.
It’s always going to be important for you to complete your education and then think about running a business. This will be extremely useful in the long run.