Benefit from Higher Education?

[Marvell1]

Statistically, 95% of entrepreneurs have a bachelor's degree or higher and I wonder, for those of you who are involved in entrepreneurship, how useful was higher education for you?

It is unlikely that this ratio is correct.  Business owners and projects belong to different classes of society, including those with higher degrees and even those who were not fortunate enough to complete their studies or obtain higher degrees. 
Personally, I consider that higher degrees are not in all cases useful for launching a business project, and by examining business owners who hold degrees, we will discover that their business field is completely different from their university specialization.

Higher education isn’t a yard stick for business to grow but people in businesses today tend towards recruiting educated fellows into there businesses or themselves going back to school to seek the knowledge even when they look successful in the business. This act is done because the world is evolving everyday with new technologies and only professionals could help in bring new innovations into the businesses.

This is true, I used to work for a boss who didn't have a college degree, but they built a business of their own. But the people who work for them are university degree holders, they would never hire someone with no degree or no experience. Although he did not graduate from university, when the company grew, he also sent his wife to study abroad to run the company on his behalf. According to the law, his wife is the chairman of the company's board of directors, but I know all company activities, and he is behind the direction.

[1715606476]

1715606476

[1715606476]

1715606476

[Hypnosis00]

If you aim to earn the highest position in a company and a good salary, higher education is an advantage. But in some other areas where it only requires skills, it doesn't matter as long as we have experience. In fact, even running a business could be possible because not all we get from education but also from experience. Becoming successful in life is not all about education but also about skill and attitude. Many of my friends during my college days are smart but you know what, some of them are jobless. And this will tell us that achieving higher education is not the ticket to success but it was us who did the right ways to achieve our goal in life.

[lovesmayfamilis]

I think it all depends on the country. It's not the first time I've heard here on the forum that in Nigerian countries, even after graduating, thousands of young people are out of work. Therefore, it is difficult to condemn the OP, since most likely he sees the situation in a slightly different way.
But in itself, higher education has always put a person on a higher level in society. In my country, it is almost impossible to get a well-paid job if a person does not have a diploma.
Any step in business will depend on how literate a person is; otherwise, ignorance of certain rules leads him to a situation in which he either incurs losses himself or fails people who rely on him.

[MoonOfLife]

I think it all depends on the country. It's not the first time I've heard here on the forum that in Nigerian countries, even after graduating, thousands of young people are out of work. Therefore, it is difficult to condemn the OP, since most likely he sees the situation in a slightly different way.
But in itself, higher education has always put a person on a higher level in society. In my country, it is almost impossible to get a well-paid job if a person does not have a diploma.
Any step in business will depend on how literate a person is; otherwise, ignorance of certain rules leads him to a situation in which he either incurs losses himself or fails people who rely on him.

Many people think that education is useless just because there are thousands of unemployed students out there. But I can assure you, if they are business owners, they will only hire people with degrees and experience. No one wants to hire people without a degree to work for them. Students today are unemployed because they face too much competition, and they always think that having a degree means they are better than others. But you need to know that, to get a university degree nowadays is not too difficult. If they graduate from prestigious universities such as Harvard, Oxford, Cambridge... but are unemployed, it is alarming.

[MusaPk]

I think it all depends on the country. It's not the first time I've heard here on the forum that in Nigerian countries, even after graduating, thousands of young people are out of work. Therefore, it is difficult to condemn the OP, since most likely he sees the situation in a slightly different way.
But in itself, higher education has always put a person on a higher level in society. In my country, it is almost impossible to get a well-paid job if a person does not have a diploma.
Any step in business will depend on how literate a person is; otherwise, ignorance of certain rules leads him to a situation in which he either incurs losses himself or fails people who rely on him.

These days there is an narrative spread by motivational speakers that higher education and schools are just wastage of time and money. Better learn and skill and start earning straight away. Many youngsters have destroyed there lives by following this false narrative.
Education has its own worth. Things we learn while we are at college or university are not possible while we are at home or following an online course. The knowledge obtained via higher studies defiantly help both freelancers and entrepreneurs.

[Dickiy]

If you look at it from my point of view, in this case there are two types of paths that can be touched but it depends on the person himself, for example there is a person who does business even without higher education and he gains popularity and good business progress in the financial world so that he is easier to get space to work in the business world because many people already know him and sometimes there are some people who go through higher education first to finalize their mindset and knowledge before plunging into the business world.
But as far as I understand, in this case, first getting experience in the business world because it will lead to faster success and we can take higher education to get a degree which might be counted in assessing business leaders.

[maydna]

I don't think everyone with a bachelor's degree can get a good job with a high salary. Those who attend secondary school or even drop out can own well-known companies and provide income above average workers.

And all of that depends on how one's business is at work. If he decides to become an entrepreneur, he must be able to find a business model that suits him and can focus on growing his business. And if he wants to work in an office with a high salary, he must have additional abilities that other employees don't have to increase his chances of being accepted.

Every people can learn knowledge, but intention and enthusiasm are determined by someone who wants to develop to achieve his desired success.

[ringgo96]

nowadays many we find successful entrepreneurs but they do not have higher education but the experience they get is already so great that all the opportunities that exist they can face well, but higher education is also very beneficial for every entrepreneur in their respective business fields And the knowledge they get can reach the highest point, if we dare to do a business then without higher education we can face all things so  It all depends on our beliefs in running a business, and most importantly we have a vision and mission in running a business so that everything we want can be achieved.

[Renampun]

...
Statistically, 95% of entrepreneurs have a bachelor's degree or higher and I wonder, for those of you who are involved in entrepreneurship, how useful was higher education for you?

I'm also running a small business and as far as I'm concerned, higher education (I'm a graduate in economics) has really helped me in seeing momentum. besides that, I have colleagues (ex-college) who also have businesses, and we often exchange thoughts and complaints.
there are also several times I meet with clients and they are very interested in what I have to offer/sell because I am a scholar. one of our lecturers once said the reason he was highly educated he says "for me, higher education does not guarantee 100% success but the road to success will be easier with higher education".

[coolcoinz]

For me it was pretty useless. OK, not completely. I have a masters degree and all it taught me was how to do research, how to rephrase stuff, to make lists of important points and use it in my own thesis. You might think it to be very basic knowledge, but kids finish high school these days and have no idea how to do it. They can't do creative writing, write summaries and reviews. The level of written and spoken language among the millennials is at bare minimum.

Would I send my kids to college? Yes, I would, just so they try it and maybe learn some new skills. It didn't help me much, but maybe it will help them. If they choose to drop out, it will be their choice and I'll be able to say I did everything I could to give them a good start.

[juhobtc]

This is true, I used to work for a boss who didn't have a college degree, but they built a business of their own. But the people who work for them are university degree holders, they would never hire someone with no degree or no experience. Although he did not graduate from university, when the company grew, he also sent his wife to study abroad to run the company on his behalf. According to the law, his wife is the chairman of the company's board of directors, but I know all company activities, and he is behind the direction.

My father works for a man who doesn't have a higher education, but he runs a big company. By the way, I never heard advice from my father that I study and get a higher education, he always said that I have to make my own choice, because this is my life and only I can determine my future.

I understand that higher education will not hurt anyone, I only care that it will become a waste of time when I could develop something of my own and earn money. After all, this is 4 - 5 years of my life, it seems to me that this is too long a period of time that cannot be returned.

As an option, it can be a correspondence study, maybe it will not take so much time and as a result there will be a diploma, but the quality of knowledge can be lower.

[panganib999]

I wonder if higher education will help for entrepreneurship?
I am more interested in how much theory will help in this, because during a long study we do not get practice, this will be possible only when we start doing business, until that moment we will not be able to know how much it will help us.

This can help us if we need a license, but in some cases it can be obtained without a higher education.

Statistically, 95% of entrepreneurs have a bachelor's degree or higher and I wonder, for those of you who are involved in entrepreneurship, how useful was higher education for you?

having formal education doesn't necessarily equate with becoming a good entrepreneur because the craft is mostly action-based and not knowledge-based, although it does help to have knowledge of the ins and outs of business that most curriculums on higher education provide especially in programs that are directly related to setting up business. So do you have to earn a degree to learn how to set up and maintain a business? Not really, but does it help? Yes especially if the degree comes with you learning substantial knowledge in the art of setting said business. Do not mistake degree and educational attainment for knowledge and success, it does help take things to the fast lane but it's not necessary to succeed, especially in entrepreneurship.

[Dragonfund]

I wonder if higher education will help for entrepreneurship?
I am more interested in how much theory will help in this, because during a long study we do not get practice, this will be possible only when we start doing business, until that moment we will not be able to know how much it will help us.

This can help us if we need a license, but in some cases it can be obtained without a higher education.

Statistically, 95% of entrepreneurs have a bachelor's degree or higher and I wonder, for those of you who are involved in entrepreneurship, how useful was higher education for you?

More education is not necessary, in my opinion, to be a successful entrepreneur; people who have higher education frequently fail miserably in their businesses. Funding and experience, in my opinion, are crucial to being a successful entrepreneur since they allow you to get around many challenges. Going to school and enrolling in an entrepreneur course will teach you everything you need to know on paper, but once you enter the real world, things quickly change. Nevertheless, I believe that education will benefit you in some situations, particularly when it comes to networking and making connections with people who are more successful than you.

[Yatsan]

It simply opens up bigger opportunity; monetary and connections I guess. Monetary because entrepreneurship won't be something big if you won't have the capital so atleast if you would be able to have a degree it would be easier on your end to accumulate fund and to feed your market interest. Connections on the other hand speaks for professionals on the same field wherein you would be able to have contacts with them which could help establishing your idea.

There are indeed successful entrepreneurs who did not go to college but still managed to have a big name in the field of entrepreneurship but why would you be doing the same thing if you have the option to be even greater or atleast have a better way out of it? It would be a gamble just doing the same thing because opportunities won't be the same for everyone.

[Rockstarguy]

I wonder if higher education will help for entrepreneurship?
I am more interested in how much theory will help in this, because during a long study we do not get practice, this will be possible only when we start doing business, until that moment we will not be able to know how much it will help us.

This can help us if we need a license, but in some cases it can be obtained without a higher education.

Statistically, 95% of entrepreneurs have a bachelor's degree or higher and I wonder, for those of you who are involved in entrepreneurship, how useful was higher education for you?

Education always play an important role with whatever we find ourselves doing in life, it is not a bad idea if you feel as an entrepreneurs you want to acquire some educational degree. I agree with you that in as much one has a business that is bringing in money it is still good to have education to back it up. Education transforms man in the way of understanding things and how to have a good relationship with people.

[milewilda]

I wonder if higher education will help for entrepreneurship?
I am more interested in how much theory will help in this, because during a long study we do not get practice, this will be possible only when we start doing business, until that moment we will not be able to know how much it will help us.

This can help us if we need a license, but in some cases it can be obtained without a higher education.

Statistically, 95% of entrepreneurs have a bachelor's degree or higher and I wonder, for those of you who are involved in entrepreneurship, how useful was higher education for you?

Education always play an important role with whatever we find ourselves doing in life, it is not a bad idea if you feel as an entrepreneurs you want to acquire some educational degree. I agree with you that in as much one has a business that is bringing in money it is still good to have education to back it up. Education transforms man in the way of understanding things and how to have a good relationship with people.

This do really gives us that solid foundation not only for job seeking but rather just an individual on which having that intellect or knowledge could really give out advantage for whatever things that we do tend to do.
This is why it is really that a wrong mindset if ever you do really think that you shouldnt really that make yourself that too focus on acquiring a degree or finishing up your studies just because you are aiming for another path.It is really just that something we do really need on surviving and able to find out things which we do see that it could really benefit us out.Comparing into those who hadnt able to get a degree or
having proper education then we do really have that advantage.

[lionheart78]

It was said that:

Those who get an education have higher incomes, have more opportunities in their lives, and tend to be healthier. Societies benefit as well. Societies with high rates of education completion have lower crime, better overall health, and civic involvement.

There is an endless list of benefits from education, to list some here are the examples:

Healthier Lifestyle

People with better education tend to live longer and have healthier lifestyles. According to research, people with higher education have a one-third lower risk of heart disease. Degree holders are also less likely to smoke and more likely to get regular exercise.

Personal Development of Skills such as:

More Productivity
Better Communication
Critical Thinking Skills
Identification of Skills
Greater Sense of Discipline

In terms of securing earnings:
More Employment is a Benefit of Education
Career Entry and Advancement

College degrees prepare students for a career, or for advancement within their current field. Higher education gives the training and skills necessary for success in a specific area. In addition, many positions require a degree for entry. Some may not even look at a resume where the applicant has no degree.

With more citizen getting finishing higher education means economic growth for a country since there is a higher income benefits, people can participate to economic activity of a country.

When an entire society is educated, productivity increases, average income increases, and unemployment decreases. This leads to the economic growth and stability of a society as a whole. It starts with education.

Environmental Benefits

Climate change is a large part of the conversation today, and society needs to work together to find ways to reduce impact on the earth. Educated individuals that enter the workforce will put their knowledge of climate change into company policies, leading to increased sustainability.

Societal Benefits

A society that is well educated feels a higher sense of unity and trust within the community. Educated societies lift up the weak and bring a feeling of togetherness among all parts.

Higher education also promotes:
equality and empowerment
Good Citizenship and Civic Involvement
Reduces Crime
Reduces Gender-Based Violence
Reduces Child Marriage
Reduces Maternal Death Rates

Maternal death rates drop significantly in societies with high education rates. Women with no education at all are 2.7 times as likely to die during birth as women with 12 years of education. Women with one to six years of education are twice as likely to suffer maternal mortality. This is because educated mothers are more likely to use health services, even in low socioeconomic settings. Lack of education is also a stressor for women during childbirth. The more stressors a woman has during pregnancy, the higher the likelihood for negative outcomes.

In summary, the benefits of Higher education according to the article[1] are:

Career Preparation
Broader Practical Benefits
Personal Development
Pursuing a Passion and Desired Field
Cognitive and Communication Skills
Social Experiences

You can read more information about the given list on the link below


[1] https://www.uopeople.edu/blog/benefits-of-education-are-societal-and-personal/

[tjtonmoy]

Having a degree isn't a waste of time, IMO.  It will only become a waste if we do not apply what we have learned.

Having a degree is a waste of time. You need to study to get knowledge and apply them in situations in order to gain experience. You can get that kind of knowledge all by yourself. Not only that, but you don't need to study in any college or anything. The education system is broken already. The doesn't specifically teach you only one thing that you are good at. But includes all kind of shit that has nothing to do with day to day life. Practice makes you perfect, no? If you keep doing one thing your entire life, then you will become a master at it. You just need a curious mind.

[virasisog]

Having a degree isn't a waste of time, IMO.  It will only become a waste if we do not apply what we have learned.

Having a degree is a waste of time. You need to study to get knowledge and apply them in situations in order to gain experience. You can get that kind of knowledge all by yourself. Not only that, but you don't need to study in any college or anything. The education system is broken already. The doesn't specifically teach you only one thing that you are good at. But includes all kind of shit that has nothing to do with day to day life. Practice makes you perfect, no? If you keep doing one thing your entire life, then you will become a master at it. You just need a curious mind.

There are indeed successful people who don't have a higher degree but we should never disregard the fact that when we are starting to build a business or starting to look for a career higher people also check on our educational background. Through our degree, more opportunities are being offered. We will also have an advantage when it comes to starting up a business since we are more prepared in all aspects as well as financial management. If there are successful entrepreneurs without a degree, we should not disregard or look down on people who have tried hard to achieve the best education that they could have.

[Fortify]

I wonder if higher education will help for entrepreneurship?
I am more interested in how much theory will help in this, because during a long study we do not get practice, this will be possible only when we start doing business, until that moment we will not be able to know how much it will help us.

This can help us if we need a license, but in some cases it can be obtained without a higher education.

Statistically, 95% of entrepreneurs have a bachelor's degree or higher and I wonder, for those of you who are involved in entrepreneurship, how useful was higher education for you?

Could you perhaps link to the statistics that you're using to come up with that 95% figure? Because I'd expect it to be a lot lower, also, how are you even defining an entrepreneur? Is it someone who sets their own business up, does that include a plumber? a carpenter? an electrician? I'm not sure they're what people think about when hearing that word but it can often apply to a business owner. I don't think it is necessary at all to have that in order to excel at being an entrepreneur, it might just help a bit to aid your perseverance and wider business knowledge. Any additional education will generally help people become a more intelligent and rounded person, not to mention the social networks that are built from participating in colleges and universities.