Benefit from Higher Education? - page 18.

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Quote from: juhobtc on March 02, 2023, 06:10:58 AM

I wonder if higher education will help for entrepreneurship?
I am more interested in how much theory will help in this, because during a long study we do not get practice, this will be possible only when we start doing business, until that moment we will not be able to know how much it will help us.

This can help us if we need a license, but in some cases it can be obtained without a higher education.

Statistically, 95% of entrepreneurs have a bachelor's degree or higher and I wonder, for those of you who are involved in entrepreneurship, how useful was higher education for you?

Higher education is not a criteria to become a successful entrepreneur. Education might expose one to different business principles and theories that can be applied in business. Higher education can also be a medium of learning from the business experience of some people which might be beneficial in starting and running business.

But the most important education for entrepreneur is practice and experience. Learning through apprenticeship, training and development is what every entrepreneur needs more. Businesses will be well runned if business owners acquire practical knowledge and not just theories.

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Quote from: juhobtc on March 02, 2023, 06:10:58 AM

Statistically, 95% of entrepreneurs have a bachelor's degree or higher and I wonder, for those of you who are involved in entrepreneurship, how useful was higher education for you?

It is unlikely that this ratio is correct. Business owners and projects belong to different classes of society, including those with higher degrees and even those who were not fortunate enough to complete their studies or obtain higher degrees.
Personally, I consider that higher degrees are not in all cases useful for launching a business project, and by examining business owners who hold degrees, we will discover that their business field is completely different from their university specialization.

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Quote from: Synchronice on March 02, 2023, 06:46:38 AM

Quote from: juhobtc on March 02, 2023, 06:10:58 AM

I wonder if higher education will help for entrepreneurship?
I am more interested in how much theory will help in this, because during a long study we do not get practice, this will be possible only when we start doing business, until that moment we will not be able to know how much it will help us.

This can help us if we need a license, but in some cases it can be obtained without a higher education.

Statistically, 95% of entrepreneurs have a bachelor's degree or higher and I wonder, for those of you who are involved in entrepreneurship, how useful was higher education for you?

If your aim is to earn money and have a luxury life, then Higher Education and especially Business Studies can't help you. Have you seen any lecturer in top universities running a big business, riding Ferrari and earning tons of money? Definitely, not.
Usually, people who finish good universities make a good connections too because again, usually rich and educated or highly educated and intelligent people go in top universities. So, yeah, it's a good way to grow your network. Alongside networking, it gives some people possibility to permanently move in western countries because when you finish university, you have some timeframe to work with your profession and then try to get permanent residence.

I'm realizing that in order to become rich, we should do what's profitable at the moment or will be long-term. Have a look at Conor McGregor, Jake Paul, Chris Bumstead, Messi, Kardashians, Drake, have a look at every rich person and you'll understand that MBA can't help you. There is much more behind financial success.

University lecturers don't know how to make and manage business. If anyone thinks that they can prove me wrong, then show me rich and successful lecturer, otherwise don't reply me!

Comparing "Conor McGregor, Jake Paul, Chris Bumstead, Messi, Kardashians, Drake" to the kind of entrepreneurs that OP is asking about is really nonsense. Seriously, if I were asked for 1000 examples for successful entrepreneurs of the category OP is asking about, none of your examples would I mention. Cheesy

I also have to contradict you in that professors don't know how to make and manage a business. I do know professors who drive a Porsche and live in a mansion. They are themselves running businesses sometimes or they are highly paid advisors to successful companies.

A degree does help because it teaches you to persistently pursue an end goal for a longer period of time, frequently having to solve complex problems and to efficiently coordinate and distribute your time and intellectual capacity.

It is also sometimes the case that people who get higher education come across a topic during their research tasks that they identify as a potential area for future opportunities.

Saying there are no benefits and you can't get rich when going for higher education makes absolutely no sense.

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Actually I could remember my university time, we learnt entrepreneur in the school and its one of our academic curriculum, so through the study of entrepreneurship we're able to know the scope of business and Trading as well, so education is the foundation of whatever we find ourselves doing successfully, with the knowledge of intpreneurship we know the important of business and the basic functions of business and the scope behind it.

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Quote from: juhobtc on March 02, 2023, 06:10:58 AM

I wonder if higher education will help for entrepreneurship?

Elon Musk commented on this in 2020.

Quote

Elon Musk on the problem with corporate America: ‘Too many MBAs’

Tesla and SpaceX founder Elon Musk says the biggest problem with corporate America today is that too many business school graduates are running the show.

“I think that there might be too many MBAs running companies,” Musk said Tuesday at the WSJ CEO Summit.

This “MBA-ization of America,” isn’t great, Musk said, especially when it comes to product innovation. Big corporate CEOs often get caught up in the numbers and lose sight of their mission, which is to create “awesome” products or services, according to Musk.

“There should be more focus on the product or service itself, less time on board meetings, less time on financials.”

“A company has no value in itself. It only has value to the degree that is [an] effective allocator of resources to create business services that are of a greater value than the costs of the inputs,” Musk said.

This thing they call “profit,” Musk added, “should just mean over time that the value of the output is worth more than the inputs.”

Musk said the biggest mistake he has made as a leader of both Tesla and SpaceX was spending too much time in meetings looking at PowerPoints and spreadsheets, instead of being out on the factory floor.

“When I go spend time on the factory floor or really using the cars or thinking about the rockets...that’s where things have gone better,” Musk said at the WSJ summit.

He finds that if he is engrossed in the details of the issues, it boosts morale and his team is “more energized.”

Musk urged CEOs to “get out there on the goddamn front line and show them that you care, and that you’re not just in some plush office somewhere.”

Musk recently became the second richest person in the world as Tesla’s stock price and market cap have grown over the last several months. He is currently worth an estimated $157 billion, according to Bloomberg’s Billionaire Index.

https://www.cnbc.com/2020/12/09/elon-musk-on-the-problem-with-corporate-america-too-many-mbas-.html

It seems MBAs are an acknowledged fast track to becoming a corporate executive or CEO. Its acknowledged as the talent pool from which corporate america recruits the majority of its leaders.

Although Elon Musk appears to think its an issue. He believes many MBAs do not understand many of the critical details relavant to businesses they're in. Which somewhat does make sense considering many CEOs negotiate for $300,000 annual salaries, when they're running a business with negative income and high debt. Which has been known to lead to the business bankrupting.

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Personally, I think someone could very well own and manage a business without having a high school diploma and do it successfully too. I’ve met some people that despite having a higher level of education, they’re still very skillful in their business and they’re doing well.
It all comes down to being skillful and good at your job cause a higher education can’t literally instill skills inside of you.

A higher education would boost up your qualifications and there is nothing to it if you’ve got some sort of education. While a higher education isn’t necessarily a must have when venturing into entrepreneurship, it is still very important to acquire some sort of education and furthermore, knowledge.

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Doesn't that depend on your education field? I mean if you study philosophy and then do masters and even a doctorate, that doesn't mean that you will be any good at entrepreneurship, that literally has no relevance at all, and I am guessing that the best thing to do is study "business" in that case, and then, of course, it could help with you the higher your education gets, and if you study something like economics or anything of that sorts, then I would guess that it would be a bit related too. So its not the "level" of your education but the field of your education that dictates your future a bit.

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Quote from: juhobtc on March 02, 2023, 06:10:58 AM

~

Higher education is just usually something that could give you promotion anyway, but for entrepreneurship, it is almost not really that beneficial and in fact that many entrepreneurs are completely pursuing their own success in separate of their education. The education to some countries these days are just sticking to theories and it kinda hurts that there's little to less application that could be done.

You could be a successful entrepreneur without having a degree. In my field, there are even a lot of self taught devs that are still finding success.

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Those without higher education think they have to succeed otherwise they'd be doomed. While those people with higher education always have a fallback if they ever fail. That's how useful that is. They can always have a plan B.

There is only one way to go for those without higher education because they don't have a fallback. Entrepreneurship without higher education means striving hard to win because thier critics are like vultures laughing if they fail. But it must be rewarding once they win.

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Quote from: juhobtc on March 02, 2023, 06:10:58 AM

I wonder if higher education will help for entrepreneurship?
I am more interested in how much theory will help in this, because during a long study we do not get practice, this will be possible only when we start doing business, until that moment we will not be able to know how much it will help us.

This can help us if we need a license, but in some cases it can be obtained without a higher education.

Statistically, 95% of entrepreneurs have a bachelor's degree or higher and I wonder,

If it's for entrepreneurship, you get the theoretical ideas from pursuing higher education. But in actuality, where you'll learn more about entrepreneurship is through having your own business and start up.

That will be the actual training for those that want to get into entrepreneurship and learn more with it.

Quote from: juhobtc on March 02, 2023, 06:10:58 AM

for those of you who are involved in entrepreneurship, how useful was higher education for you?

I'm sure that it's useful for most of them because it's like having a mentor and understanding the experiences of the actual entrepreneurs through sharing what they've been through.

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To become a higher education entrepreneur, you don't need higher education because after all, it is a skill that is used to run a business, because we have seen how a successful entrepreneur without higher education, they just work hard and improve what is needed in the business they run.

But I still won't blame the lack of education no matter how important it is about the theory taught in universities, they usually have some expertise in their respective fields but what we tend to see is only big companies with big salaries.

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Education isn't only to help you learn about the degree or major you're interested, but you will learn a lot about soft skill which is often related with public speaking, relation and how to work as a team. A successful entrepreneur isn't an one man show, when you're start your own business you can work alone, but when it's become bigger, you're forced to create a team, otherwise your business will always stuck.

Also not all people can become an entrepreneur, that's why they're enter into college to increase the possibility they can work and get paid with higher money that uneducated person.

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It will help since knowledge is power. For sure, those entrepreneurs you know are that there are a couple of them who start their stack without having a degree and are able to boom their business, but later on, since they need more knowledge and strategy as entrepreneurs, they need to go to business school to learn more about how they can improve their business because there are soft walls when you hit targets in business and they want to break them, like they can't leave $10 million in revenue because their strategy is not working now.

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Quote from: juhobtc on March 02, 2023, 06:10:58 AM

I wonder if higher education will help for entrepreneurship?
I am more interested in how much theory will help in this, because during a long study we do not get practice, this will be possible only when we start doing business, until that moment we will not be able to know how much it will help us.

This can help us if we need a license, but in some cases it can be obtained without a higher education.

Statistically, 95% of entrepreneurs have a bachelor's degree or higher and I wonder, for those of you who are involved in entrepreneurship, how useful was higher education for you?

If you don’t have initial resources such as inherited wealth and connection then it will be hard for you to compete in the entrepreneurship market because you don’t have knowledge on how to market on top of that you don’t have money to begin with. High education will give you credentials so that your customer will trust you on what your business.

Nowadays most of the entrepreneurs always have higher education compared before so it be hard for you to compete with them if you will start from scratch without any credentials established. The secret to success on business is to have a very good network of connection for a better market reach of your business.

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The higher the level of education, the more specific theory will usually be studied, but again, that's just standard knowledge in all fields that can become obsolete one day. The rest is depending on how to adapt to real challenges, development, evaluation, improvement, and so on. Challenges will be different every time, you must still welcome new non-academic knowledge from various sources which sometimes actually provide more solutions.

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Quote from: Hispo on March 02, 2023, 07:46:52 AM

I believe that in order to get into entrepreneurship having high education is not necessary, actually there has been several examples of people who abandoned college to pursue their own dreams and start their company, it comes to mind the founder of Facebook and the founder of the popular video game platform Steam.

To start a business, you do not need to have a high level of education, just have an idea and high determination. But don't compare with the geniuses in the world, they drop out of school, but they are born geniuses, they have ideas, ambitions and if they don't stop learning midway. I'm sure they will be the top bachelors at prestigious schools.

Many people here say that education is useless, but I really want to know which of us has become rich or billionaire without a degree or education?

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Quote from: juhobtc on March 02, 2023, 06:10:58 AM

I wonder if higher education will help for entrepreneurship?

It will help, consider education as a way of standardizing your business to a higher level of patronage,it also helps you think about what advanced means is next to take in pushing the business forward for higher profitability and sustainability, education as will help guide and prevent against running down a business into bankruptcy by devicing new means and approachs that could push the enterprise forward and running.

Quote from: juhobtc on March 02, 2023, 06:10:58 AM

I am more interested in how much theory will help in this, because during a long study we do not get practice, this will be possible only when we start doing business, until that moment we will not be able to know how much it will help us.

We go for the theory at first which is the conscious learning we are being taught in school and then backed it up with the pratical experience by doing it the real life, we have both formal and informal education in learning and the two must be achieved for a successful enterprise.

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I believe that in order to get into entrepreneurship having high education is not necessary, actually there has been several examples of people who abandoned college to pursue their own dreams and start their company, it comes to mind the founder of Facebook and the founder of the popular video game platform Steam.

However, I also think that if the college degree has something to do with the company you want to start, then the education can be useful to have a good start. If you want to enter a market that you actually studied (as a boss rather than a employee) then you may have an advantage over other people who will have to begin without that knowledge you posses. That is, of course, my personal point of view. Wink

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Quote from: juhobtc on March 02, 2023, 06:10:58 AM

I wonder if higher education will help for entrepreneurship?
I am more interested in how much theory will help in this, because during a long study we do not get practice, this will be possible only when we start doing business, until that moment we will not be able to know how much it will help us.

This can help us if we need a license, but in some cases it can be obtained without a higher education.

Statistically, 95% of entrepreneurs have a bachelor's degree or higher and I wonder, for those of you who are involved in entrepreneurship, how useful was higher education for you?

Don't think about business is all about money to spend as capital then here you go you became an entrepreneur. Because in reality if you don't have enough knowledge which can be learned on higher education to many people will fool you and that will lead to destruction of your business.

And if you think higher education is a waste if time then think about it since your teacher will teach you all about necessary tools,theories and other more that can help you to define many things about entrepreneurship. Although other more can be learned thru experience but its really a huge advantage for you if you have diploma coming from your higher education since discrimination will be lessen and people will not look at you as smart individual.

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Quote from: juhobtc on March 02, 2023, 06:10:58 AM

I wonder if higher education will help for entrepreneurship?
I am more interested in how much theory will help in this, because during a long study we do not get practice, this will be possible only when we start doing business, until that moment we will not be able to know how much it will help us.

This can help us if we need a license, but in some cases it can be obtained without a higher education.

Statistically, 95% of entrepreneurs have a bachelor's degree or higher and I wonder, for those of you who are involved in entrepreneurship, how useful was higher education for you?

If your aim is to earn money and have a luxury life, then Higher Education and especially Business Studies can't help you. Have you seen any lecturer in top universities running a big business, riding Ferrari and earning tons of money? Definitely, not.
Usually, people who finish good universities make a good connections too because again, usually rich and educated or highly educated and intelligent people go in top universities. So, yeah, it's a good way to grow your network. Alongside networking, it gives some people possibility to permanently move in western countries because when you finish university, you have some timeframe to work with your profession and then try to get permanent residence.

I'm realizing that in order to become rich, we should do what's profitable at the moment or will be long-term. Have a look at Conor McGregor, Jake Paul, Chris Bumstead, Messi, Kardashians, Drake, have a look at every rich person and you'll understand that MBA can't help you. There is much more behind financial success.

University lecturers don't know how to make and manage business. If anyone thinks that they can prove me wrong, then show me rich and successful lecturer, otherwise don't reply me!

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