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Thinking About Skipping College to Start a Business?

Matthew Ferguson

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Thinking About Skipping College to Start a Business?

There are ways to start a business and reach your financial goals without a degree. In order to do so, you’ll need to take action immediately and learn as you go because things are always changing.

The traditional route for entrepreneurs has been a process that goes something like getting a degree, getting a job, building a network, saving some money, and then finally taking the leap of faith to start your business.

Not to call anyone out but that route no longer makes sense because, over the past two decades, corporations have rigged the business world so that the longer you wait to start your own business, the less likely you are to succeed.

That being said, it’s easier to take risks when you are young because you have less to lose. It makes sense to chase your entrepreneurial dreams early. Don’t wait. It will only get harder as you get older and get used to the security of a steady paycheck. Young entrepreneurs should launch their businesses immediately, rather than waiting until they’ve got a degree, experience, network, and money for the following reasons.

The college has become significantly more expensive.

How many times have you heard about recent college graduates who can’t get a good job in their field but are stuck with tens of thousands of dollars in student loans? And how many times have you heard successful entrepreneurs say, “Good thing I graduated from college”? I’ll give you a hint. Zero. Why? Because at the end of the day, results are results.

Young entrepreneurs should be avoiding student loan debt completely. Money spent on college should go into starting your business instead, but only if you’ve got drive, creativity, motivation, passion and the ability to get to work.

College has become irrelevant for entrepreneurs.

If you know you’re going to be an entrepreneur, college is a waste of time. Business colleges are so out of touch with the modern world as few teach one of the most important skills for any entrepreneur. That skill being sales. Yes, sales.

The world has changed. Higher education has become irrelevant and it has gotten to the point where it is actually damaging people. As time goes on, formal education will become less important and more alternatives will come into play.

Investors don’t care about where you went to college or if you ever did.

Investors don’t care about your college experience. Nor, do they care your work experience much more. Investors want to back people who’ve successfully started their own businesses or somebody who’s gained the valuable experience of starting a business that didn’t succeed. Most of all, they want to back people with a vision, and the numbers to prove their business because at the end of the day, numbers don’t lie but resumes do.

But remember, dropping out of college without a good reason is just as stupid as staying in school without one.

 

 

 

 

 

Founder & CEO at Matthewz Capital (www.matthewzcapital.com).

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