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Why college and not starting your business ?

Why is college important for business? What college is best for my career?
Go to college for business or entrepreneurship?
What class do I take in college for business?

career college business management entrepreneurship business-management
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Jerome’s Answer

Do both! You can start a business while going to school. A business license and a website will cost you less than $200 per year to get up and running.

You can use school to fine tune your business plan and get advice. Rather than talking about theoretical concepts, you can ask advice for your actual enterprise.

Even if you come up short, $200 for practical experience is a drop in the bucket.
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Malar’s Answer

Heading off to college can be a fantastic sidekick to your business journey. Believe it or not, college can be a treasure trove of knowledge that can help you expand your business. It can also be a place to connect with potential customers - just look at how Facebook started! Plus, as a student, you'll have access to a wealth of resources that can boost your business. Think of college as your personal training ground, where you can learn and gain experience in the areas you want your business to thrive in. It's like putting money into your business's future. Best of luck!
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Nicolas’s Answer

College is important for business because nine out of every ten businesses will not move forward. Out of the 10 percent that move forward, another nine out of ten will fail. An MBA is promising, and you will take classes like accounting, human relations, business economics, ethics, and human resources. Once you've figured out what college to go to, a complete list of courses will be provided for you and you can choose electives, which are courses that are in your interest but not necessarily required for the curriculum. Figure out what business is in fact needed for proper production to the economy. Or figure out how to improve something. For example, I have an idea for insurance companies to notify their consumers of when their car insurance expires via automated system. If I worked for my insurance company, "State Farm", I would present this idea and request the funds to either give out automated messages or mail through a tracking system that doesn't rely on their consumers to make the request.

Nicolas recommends the following next steps:

Do not start a business with no savings
Do not invest without properly saving first
Know that with an MBA you are almost promised to be with a company in good rank
Know that a lot of businesses you might work for can offer opportunities to start up companies
Know what services are needed or how to improve something and build
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Paul’s Answer

Hey Raven,

You don't necessarily need a business degree to kick-start your own business, but it can certainly be a plus. College can equip you with valuable skills that can be applied in various roles, potentially giving you an edge in the business arena. So, don't worry if you don't have a degree, your passion and dedication are what truly matter.
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Justin’s Answer

Hi Raven, I agree w/ everything else here, but a couple more things to think about: 1.) at a high level, starting a business is risky in that most businesses don't make it in the long run. Of course, even if it fails, you'll learn a ton, which is valuable for your next adventure. But I bring it up because a college degree from a non-profit university/college has a pretty low risk ROI, (as long as it's not uber-expensive, which I know some are). 2.) In addition to the knowledge you'll gain at college, there are many networking opportunities that come along with that - places to meet peers, professionals, mentors, etc. This is valuable when getting started, and it can be done outside of college, but there's a process in place with schools that help connect you.
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Keyston’s Answer

You know, while many folks might lean toward college, I took a different path due to my own experiences. College does bring valuable skills and connections, but let me tell you, entrepreneurship can open doors too. It's all about self-motivation, determination, and learning on the go. Instead of asking what college is best for a career, consider how your passions align with your business idea – that's where true success lies. If you're thinking about classes, sure, business-related courses can help, but hands-on experience and networking matter just as much. Trust me, your journey is yours to shape – college isn't the only route to success.
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A. Michelle’s Answer

It doesn’t have to be an “either or” scenario, meaning you could start a business and attend college at the same time. If you have a promising business plan and financing or have the potential to join an existing enterprise, you could move forward and take classes to address skills or knowledge gaps. Going to college before launching a business also could be valuable as it will teach you critical business functions, such as accounting and marketing, and soft skills, while enabling you to build your network. Attending college also would help you access internships and job shadowing opportunities you wouldn’t be able yo access as a non-student.
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Rebecca’s Answer

Hi Raven, I am glad to hear that you would like to become an entrepreneur. I don’t think there is any conflict of going to a college and starting your business. In fact the knowledge you learnt in the college can help your business development.
Below are my suggestions:
1. Think about industry you would like to start your business. Eg something you have interest, have strength
2. Do some analysis on the industries, eg competition status, entry criteria, any alternative/ substitute, etc
3. Study the relevant courses and management courses in the college
4. Work in the industry for some time to understand the business model and establish people network
5. Start the business online first if possible
Hope this helps! Good Luck!
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