In today’s world, entrepreneurship is perhaps the most exciting thing one can do to earn financial freedom. However, establishing a successful business is not making instant coffee. It takes a lot of time, dedication, hard work, and hours of fruitful strategies and analysis to make a foundation successful in the long run. To embark on the entrepreneurial journey earlier, many budding individuals try to skip their college and sometimes even school to create a business.
It may be true that you do not always need a college degree to create a business. But it is also not the right choice to skip your degree and classes since you are willing to establish your business. To pursue entrepreneurship, one must focus on honing soft skills that include management, communication, leadership, and many others.
Let’s take a better look at the pros and cons of skipping college for a business and whether it is a valid choice to proceed with:
Pros and Cons of Skipping College Before Starting a Business
Like every other life choice, you need to consider both, the downsides and also the upsides of skipping college degrees before you start your journey of creating your own business.
PROS
1. No Student Loan = No Debts
Education has become quite costly and students these days struggle hard to get admission to colleges. That is most students get an educational loan to support their learning process. The loan needs to be cleared after completion of the course through the job they get. But those who have a business mind do not proceed with a regular job. Besides, starting a business requires a lot of capital in the initial phase which might require a business loan. With so much debt in the market, it can create a difficult financial situation.
2. Head Start Before Startup
While you are studying in college, you might get an entrepreneurial idea that has better scope in the market. You might even get the resources but it is not easy to establish and manage a business when you have the pressure of a degree with attendance and good marks. Skipping college might get you in the right window of time to churn success out of your idea.
CONS
1. Skipping College = Learning Less
Degree courses in colleges are designed in a way that allows students to hone their skills in various aspects. The course structures are designed in a way that a student can get jobs easily in that particular subject or domain. There are also technical courses and specialized courses which help to pursue a successful career in different industries.
2. Chances of Missing out on Certification
There are various industries where you at least need a college degree to enter and participate in various business activities. College can help to get information technology (IT) certificates, training and development certificates, and many others that work a proof of the student’s capabilities and field of specialization. Certification is also a great way to garner trust from others and so, it can help you later in your business.
3. Losing on Networking Opportunities
Networking resourcing is the key to business success and without a good network, you cannot generate leads or create a business contact list that helps your business to grow. College offers a fruitful opportunity to network and grow and the alumni network can be very resourceful.
Final Thoughts
Apart from the pressure of student loans, college is not really an obstacle on your path to business. So, make sure to complete your studies and then pursue your business which ensures more success.
