In this article, we are going to discuss all Entrepreneurship versus Education. We will put light on the facts about which is better and which is important. We will also tell you about all the pros and cons of the education and entrepreneurship.
Before saying any word on both we have to know about both education and entrepreneurship. What is entrepreneurship?
Before saying any word on both we have to know about both education and entrepreneurship. What is entrepreneurship? Well, it is defined as the willingness and the tendency to create, organize and manage a business along with all its risks in order to make a profit.
The simplest example of entrepreneurship is developing and running a Business.
The other biggest question related to this topic we need to understand is what is education? According to the dictionary, it is defined as the process of giving systematic instructions especially, at a school or a university.
Let’s get an understanding beyond definition and distinguish the relationship between them. As Steve Jobs described his decision of dropping out from college, at the Stanford University fills terror in the minds of the parents who have always thought that the bright future of their children is in having a college degree.
As the famous Steve Jobs says “dropping out of college was the best decision I ever made”. But nobody could blame those parents because at that time according to a survey of U.S bureau of labor statistics report that someone with a college degree would be able to earn twice as a person with an ordinary high school diploma. Presumably, it still holds true even today.
Presumably, it still holds true even today.
I have been thinking about the impulse to leave the college that many students experience, especially the ones who are bitten by the entrepreneurial bug.
When you are young and your mind is overflowed with new ideas it is really tempting to just cut to the chase where the hero finds a highly successful startup. Sometimes the risk pays off but the data analysis tells a different story. According to the information, the companies which are started b more highly educated founders tend to generate more revenue.
“Education is the means of entrepreneurship but not the end of it”. Entrepreneurship is mainly about investing in a business, playing a role in management, developing new skills to generate revenue, working as in employment and developing a new concept.
All the solo and the combined activities collectively are in entrepreneurship. It defines that education is essential, but not an adequate factor in entrepreneurship. Many booming businesses like the computer industry also need education with new ideas.
However, there is no formal education needed to start a Business and many people have found huge success in entrepreneurship. On the contrary, many people also claim that the time they spend in their college was the best time of their lives.
There is a lot to learn, so much to do, a list of endless activities and so many new friends to make when you are a part of a campus. it is an exquisite time because you do not have any kind of responsibilities such as mortgage and a family which would weigh you down but you also experience to live independently and mostly how you want.
Earning a college degree can also elevate your worth in your work life. Most companies would not hire a person who does not have a college degree. Having a college degree adds legitimacy and prestige to your resume.
You can Create a Business page on Facebook to let people know about you. Now here is all the information you need to know about Entrepreneurship Vs Education.
Entrepreneurial activities are believed to be the tools to boost up the economic growth and also solve many problems like unemployment.
According to a study, there is an increased number of graduate unemployment cases in the world and entrepreneurship could be a solution to this problem. Therefore we have to make new entrepreneurs even before they are graduated. I think the most important thing to remember in these types of situations is the choice does not always have to be just black or white it should lie in between.
I condemn the extremes in both fields. As per my perspective, the middle ground should be preferred. Middle ground means the one that honors both education and entrepreneurship.
I thin both education and the industry can come to the middle ground by honoring the educated and support the entrepreneurial spirit.
In this way, we can promote both education and entrepreneurship because it is not just to have a college degree for starting a business but it preferred because studying the business gives you a better understanding of the situation from which you will deal in the business as an entrepreneur.
I hope this article will help you in the best way possible. I am sure you will love this article.