Topic: Benefit from Higher Education? - page 15. (Read 2116 times)

Of course, you can start your own business without education, but your success rate will not be higher than that of educated or highly educated people. I see people say there are many people who own businesses but don't have a degree, they don't have a degree doesn't mean they have no education. Look at the billionaires of today, many of them don't have college degrees, but they are very well educated. And how many uneducated people can succeed in business? If you notice, people with high salaries and stable jobs are all educated, and people in government all have degrees.

Knowledge in the form of theories in higher education makes us more familiar with all things that we haven't even entered or lived yet. like learning from the experiences of other entrepreneurs summarized in a curriculum. Of course we haven't experienced what is written in the theory, but the theory has at least helped us to get to know the terms and strategies that have been produced through test studies which are also from the field.

so that when we later go into the field or practice directly in the field, we will not feel foreign to all aspects that will be faced in the field. because we already know through a theory that has been studied.

so that when in the field we only need to better understand what has been learned. which originally only knows then after being practiced it will make things we know we can understand. knowing and understanding are two different things. Understanding is something we can get through practice and direct process. and Knowing is something we can get even from reading a book or from hearing from others.

Highly educated people have a high level of success in building entrepreneurship because they have first been provided with the knowledge they have obtained from the results of their studies in tertiary institutions. So that when we get into a business and we already know the ins and outs of the business from a theory that has been studied, when we go into practice it will be easy for us to adapt because we only have to understand what we already know.

Appreciate your optimism. Just hope that the budget allocation will last up to 15 years. In fact, policies are not constant, especially when there are changes in leaders and certain situations, for example chaotic politics.
However, developed countries are created from several factors other than the quality of human resources or high per capita income.

This makes sense, we have a chance to engage in entrepreneurship without education, but we do not know how successful it will be, and by the way, with higher education, we also do not know this.

But on the other hand, without higher education, we definitely will not be able to get a high-paying job. At the very least, this is important because it can be a fallback. I also recently talked to someone who thinks being a top manager is the best option because you will have a high salary, but there will be very low risks, since you will be an employee.

Before answering your question let me clear what actually the meaning of an entrepreneur is? He/she is the one who comes with innovative business ideas either they are SaaS or big business model. Entrepreneur is the one who manages the risks and financial conditions to make there business successful one.

So, coming to your question i must say that education does not goes waste. either you are an educated entrepreneur or not. But if you get educated in your field and sit in the company of more intelligent and optimistic fellow. No doubt, you will groom more. So, let's take an example of my self. I'm a content writer, my work is to rank other's businesses and website on internet. That simple my work is. But I have to come up with great technical ideas to rank them. So how can i get to learn more according to the new updates of Google, Bing etc. I have to follow some mentors and read many article before writing one for my clients. So overall, education do matters because it will broaden the circle of your creativity. Well if the context of your scenario is, a person who is entrepreneur and taking the education of law then i must also say entrepreneur can be anyone. either its the student of law, computer sciences, electrical or mechanical engineer. How? because everything in the world is connected and dependent on each others skill. Like if you want to run a business of café from physical shop to making it online with features like, how many people ordered café, late and tea. what was the age of all of them. how many people came back again and again. and to whom we should give discounts. etc. this all needs an expert of web developer, Content Writer, Ai specialist, Graphic Designer etc. Simply i can say pick any crypto related platform and at the bottom you will find multiple team members with different role. that simple.
No doubt, education is not necessary for us to become an entrepreneur. why? because my uncle is uneducated and he runs a business of dairy farm, shop, show room of cars and building another business plus he is the farmer too. Bingo. i sometimes amazed of his efforts that he makes. it takes to much efforts and hard working to become a entrepreneur. a lazy person like me can not compete with the efforts that my uncle has put to set his business.

I won't say it won't help or not but it's not the sole thing for it. What formal education does to people is to expose them to curiosity for those who like challenging what they don't know but want to know them. If one keeps a closed mindset, formal education won't help them much, whether in entrepreneurship or other facets of life. For instance, I got exposed to business as a teenager before proceeding to high institution. Formal education is more of theory while real life is practical. If acquiring entrepreneurship skills or learning is what's needed to sustain a business, then those who teach it in schools should be the world's richest individuals. Sadly, it's not so. If you want to go into business, begin to channel your mind and thinking towards that. Follow those who are into business online and watch what they do and their lectures on YouTube. Most of them give business nuggets and strategies out for free.

The cost of education in each country is certainly different. If there is a country that can finance its population to get primary to secondary education for free, it allows citizens to learn a lot in schools. And if every country the internet connection is connected smoothly, it will enable everyone to study online and no longer have to come to school. They can seek knowledge from the internet. And this will make young entrepreneurs among the younger generations more advanced than the previous generation. And starting from there, scientific developments will also develop along with the times.

I agree, there is definitely a lot you can learn at college, but when it comes to creating a successful business most of the time the only way to learn about this is by actually trying to create one, additionally a great deal of the education you receive in college has nothing to do with creating a business or even about how to market your skills, which explains why so many people after they get a college degree have so many problems to find a decent job.

Currently education is the most important need after consumption, in my country the education budget is the largest so that it can become a developed country in another 15 years from now, education from the primary level to a total of about 15 years is provided free of charge by the state, and since about 20 years the program now slowly many changes are happening, the country looks more disciplined and there is an increase in per capita income so I am optimistic that in 15 years my country will become a developed country.

education cannot be ruled out, education must still be number one.
but "not only formal education, non-formal also should not be ruled out"
because to start something let alone entrepreneurship we have to be behind first, so we don't get lost and don't experience losses.
because I have the view that everything that is educational in this world is positive, it is very valuable.

As long as you exert a lot of effort and at the same time doing research to learn you could be successful. It is just if you have a degree it is simpler than without but it doesn't mean that you'll now be successful that is why others fail because of lacking of determination on it and they quit. Just dont be discouraged if you dont have education as once your business will be successful you will now have funds to attend business to improve your knowledge

Don't think that education is a waste of time, it will help you greatly in the future. Depending on your situation and the job you want to do in the future, you should decide to continue your higher education or stop. Those who do not have a degree but own a business may say they are smarter than the average person or their family is already rich, we should not compare ourselves to them because not everyone will do that.

Your father gives you a choice, not to advise you not to go to higher education, because no matter what your life is like, you will be responsible for yourself, your father cannot protect you for the rest of your life. Evaluate yourself to see where your ability is and do not set yourself too high, otherwise you will regret it when you get old.

Yes, education always taught the foundation of everything you want to learn in specific course/program but don't expect and assumed it will make you rich because you learn those things.
That's how experience will come and will always taught you different things, building your connections to those people who have same interest will help too.
Example, communication skills is a huge help too which is needed for anyone who want to entrepreneurship, this is not really taught in schools but will taught you hints and basic knowledge. But experience will taught you different on actual life. That's why don't underestimate schools for teaching things.

you could have some good example at how many of new projects that emerge which have devs coming from good educational background basically got their degrees from ivy league could always scores massive project success in general.
when people in general have no idea about you, they'd first see your identity to give them their first impression, later your skill. but if you don't have degree you're gonna be judged as unqualified, it's just how it is, degree is very essential in your life, even though you might not like it, but it sure helps a lot to have one.

Basically a lot of theory is also not very helpful for the process in the field because in essence the conditions when running are always many things that are unexpected and different from the theory you have.
But on the other hand I still support and agree that higher education has a considerable influence because there are indeed some knowledge that can always be learned and of course it's not just about theory because at least with education we are clearly more able to have some good opportunities compared to others. did not have the opportunity to get an education first.

Having a background on business not only helps you understand multiple theories but it also touches on the fundamentals of entrepreneurship. A lot of people overlook this stage but it is significantly important in learning all the methods of business before you actually start one. Not to mention, education will also provide you a real-life experience on business since there are some subjects that requires you to sell "x" number of items in order to pass it.

I do understand that there are some people who skip college and directly proceed to business. Though I do not judge these people, but having formal education and a degree on business will greatly impact and affect your entrepreneur experience as a whole.

And putting it in line with having a business, potential partners will come to you if you've got an amazing educational background for which they might think of you as investable individual and that's how networks work.

Being educated or getting a higher degree will help you start out but then when you're already there, you'll realize that it's got nothing. But, don't ignore on how it's helpful to give yourself some credentials and starting reputation for your clients, customers and business partners(if there is) to see.

There is essentially nothing to add here. Higher education isn't worthless. There are so many things coming with it that it often pays off even besides the degree. You get to know a scientific community, some brilliant minds that you might one day work with together, professors who can open up business networks to you, skills to organize your days and nights, working towards a goal for years thereby learning to sacrifice short-term pleasures. There is so much that higher education is good for, but it is by no means a must. There are lots of people being successful without a degree, but looking at the statistics it is as @serjent05 said, most people who are successful entrepreneurs in most cases also have higher educational degrees or at least attended university for quite some time at some point in their lives.

This might be a hard way to find success in your business but its really possible, having no higher education should not prevent you from making big dreams and achieving it, most probably this is where you exert more effort just to achieve your goals. Having a higher education can also be a big help especially if you know how to use it. Again, your success will always depend on your determination and not just about your educational background so don’t get limited by people around you.

You got a point there. When you put it like that, I have to agree to that then. Almost 60-70% of the world's population are in higher study. 20% not studying. 5% dropouts and the rest 5% are self learned people IMO. So if you are on the last 5% of the population then you are in luck. Otherwise, you have no choice but to study in order to get a degree.

All the numbers are made up and just to understand the concept. Don't take it seriously. So yeah I guess it vary from person to person and their goals.