Our education system is broken. There are countless entrepreneurs attempting to refine, disrupt and improve the broken model with online education, skill-based bootcamps and skill-based courses.
Take this piece with a grain of salt. There are entrepreneurs and employees in this world. Not everyone is cut out for either side. If you’re an entrepreneur, you’ll understand the value of this column. If not, you should probably get back to taking notes on what year the siamese cat made it’s way into our homes.
Here’s a list of reasons why it’s better to start a business than receive a piece of paper:
1. Networking
Successfully starting a business requires an increased network. Brendan explains, “I’ve met tons of new people, which does wonders to opening up doors, meeting new people and learning from them.”
2. Compounding laws
Experience. Money. Business. Starting at an earlier age provides the compounding value any business owner needs. The sooner you start, the more these variables will compound.
3. Practical experience
Practical experience trumps theory-based learning. Ashley says, “You can learn the most from building a business than reading about it.”
4. Autonomy
Starting and building a business allows you to control your destiny. Set your own hours, make however much or little money you want and live life on your terms. Or get up at 7 a.m. for a physics class that conditions you to work for someone else for the rest of your life. Your call.
5. Deferred degree
Both siblings say, “College can wait. Building a company can't if there’s a good market/need in some space.” I dropped out of college for this exact reason. I had an opportunity that couldn’t wait, and decided to pursue it with all I had.
6. Limited risk
Both Eapens agree that “Limited risk to start a business while you’re young can be a key differentiator.” Starting when you don’t have a family, when you’re single or when you’re living at home can help you get the company off the ground without the stress of bills and outside responsibility. It’s a bootstrapper's ideal scenario.
Culled from Entrepreneur