Tuesday, March 6, 2012

Should young entrepreneurs attend college?

    I have come across many young people who are really passionate about starting up a business or already have a business while there are in college but they don't want to "feel like" attending classes because they believe that classes are wastage of time. Moreover, they also give examples of entrepreneurs like Steve Jobs, Michael Dell, Bill Gates and most recently Mark Zuckerberg that all of them were college drop outs, but, these are 5 to 6 of them who were exceptional leaders and they created giant companies but, we often overlook thousands of them who dropped out from college, failed in business and landed nowhere. They don't even have jobs now because they didn't bother to get a degree from college, and they truly regret their decision of skipping college to start up.

    There are people who have valid reason to not attend college and yet they create significant ventures are regarded with respect and become examples, but there are many who have all the leisure to attend college but they treat "entrepreneurship" as an excuse to not attend college land up nowhere most of the time. I know many entrepreneurs who never attended college yet they are making healthy money, but if you sit with them some time, you will be surprised on their words, "it wasn't a choice that time, my parents couldn't afford college for me" says Mr Vicky Saraf who runs a successful chain of clothing line. 

    College education in today's time is very essential because honestly we don't take out time apart from college to update our knowledge on whats the latest in the block, college gives us the opportunity to learn and gives us immense confidence to sit with whoever and wherever and most importantly it gives us a stand in the community so that we can negotiate strongly. College in my personal experience gave me learning experience and the ability to implement these ideas into my business and the results have been quiet fair. 

     For example: I need to give a business plan presentation to VCs to seek fund for my business, now if i didn't have college education, i would have given a fair presentation, but my professors have given us exceptional knowledge and now i know that a business plan is of 4 types: Mini Plan; Working Plan; Presentation Plan; Electronic Plan and i can present the VC my same idea in more than one ways as per the situation. College education will boost the morale of you as an individual even when you aren't wearing that CEO tag. Moreover there has been only 1 Facebook, 1 Dell, 1 Microsoft and 1 Apple

Cheers,
Akash Poddar
akashpoddar@live.com