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“SHOULD SMALL BUSINESS OWNERS GO TO UNIVERSITY”

We all know that entrepreneurs are a special breed. Entrepreneurs are their own bosses—they work hard, are incredibly self-motivated, and will do whatever it takes to make sure their business succeeds.

One question that prospective entrepreneurs might have is whether or not it is worthwhile to attend university before starting a business?

Next, we will discuss the pros and cons of going to university as an entrepreneur.

INTRODUCTION

Studying at university will provide you access to a large network of professional connections. These connections will be important because they have similar interests and some degree of interest in helping you succeed, being from the same university.

In fact, these connections and relationships that you’ll foster in university may inspire and motivate you to start your own business. There’s a reason that several businesses claim their start in dorm rooms—you can meet future business partners at university.

Lastly, and perhaps most importantly, university is the perfect place to experiment with any business idea you might have. You can receive feedback from experienced business minds, instead of having your fi rst test be launching your business in the real world.

PROS OF UNIVERSITY

University takes a long time. In fact, studies have found that most undergraduate students study for longer than 4 years.

If you plan on starting your own business, devoting time and energy to university can drain your energy and motivation to start a business afterwards.

If you already have a good idea of what you want to do with a business, and have seen even small levels of success, then it might be worth skipping university altogether and diving into the world of small business ownership.

CONS OF UNIVERSITY

Simply put, studying business at a university can be good for those who are young and have no prior experiences to lean on.

However, if you do have work and business experience, or a clear vision of what you want to do, university might be a waste of time.

SO WHAT SHOULD YOU DO?