A college education has always been important, but the romanticism around self-made entrepreneurs has taken over.
There's some issues to talk about. First off, campuses aren't creating young business owners at a fast rate, in fact most households under the age of 30 don't seem interested according to Forbes.com.
So, what’s the problem? Entrepreneurs just don’t think school is as important as hands-on learning.
“The numbers are stark. Entrepreneurship classes and programs in colleges around the U.S. have quadrupled in the past 25 years. Meanwhile, rates of private-business ownership for households under 30 have <i>declined</i> more than 60 percent during the same period. So, the more we teach entrepreneurship, the fewer young people actually start businesses. This has profound implications." according to Forbes.com.
“Why be studying it when you could be doing it?”
Young tech wizards such as Mark Zuckerberg of Facebook, Jack Dorsey of Twitter and Evan Spiegel of Snapchat have changed the game of getting wealth, status and power in their early 20s.
While most people are still in college or graduate school, these tech gurus started companies in their dorm rooms.
The days of waiting until your 40s to become a millionaire or in the case of the aforementioned techies above, a billionaire are over.
Why Schools Don't Work For Entrepreneurs
Notorious "C student" entrepreneurs such as Gary Vaynerchuk made a fortune in online ventures. This included ads on Instagram and YouTube.
In its place, many entrepreneurs find it profitable to learn on their own terms. To replace a formal education, entrepreneurs are getting information online. There is a tutorial for anything and everything on YouTube for free. Khan Academy is one of the many resources available to guide students through tough subjects.
The Value of Online Learning
What’s the catch? There is none — most of these websites are free and require only an investment of time and energy. The question is, will people be interested enough to put what they are learning into practice?
If young entrepreneurs can utilize the tools at their disposal and actually learn by doing, they can bypass the need for a traditional education and become successful within their own ventures, even if they aren’t "A students".
Just take it from George Bush, who said in his commencement speech at Southern Methodist University: “To those of you who are graduating this afternoon with high honors, awards and distinctions, I say, ‘Well done.' And as I like to tell the "C students" you too, can be president” — or in this case, an entrepreneur.