Through my connection to him, we were able to negotiate lower prices on all our cleaning supplies and materials.”Ĭarpenter also said that interacting with people of different cultures on campus has benefited him tremendously. Another very close college friend’s family owns and operates hotel chains across the country. “ college roommate went on to get his master’s in accounting, receive the award for most outstanding grad student, and work at PwC, one of the most prestigious accounting firms in the world,” Carpenter said. Justin Carpenter, founder and CEO of the house cleaning platform Modern Maids, said he made important, one-of-a-kind business connections during his time at Baylor University. “Only when entrepreneurs are focused and approach education with a true purpose can they make the most of it.” You can benefit from meeting people in college “Today, entrepreneurs must do serious research on the school and program before making an investment,” Jakutis said. Your experience and connections could help you be the disruptor you want to be. In that case, you could study at a nationally renowned engineering school with an emphasis on hands-on lab opportunities and industry-wide networking. For example, let’s say you envision developing some sort of disruptive semiconductor technology.

Jakutis’ perspective suggests that entrepreneurs could benefit from a college education if they know exactly what they want from their careers. To go to college to simply explore or test the waters without a real plan might now be a luxury of the past.” “These days, college is more expensive than ever, so it’s not an investment to make casually. “Entrepreneurs can 100% benefit from college, but getting a great result requires one main thing: focus,” said Jakutis, an alumnus of Lancaster University Management School in the U.K. Matas Jakutis, chief marketing officer at ForceField Digital and a self-described “serial e-com entrepreneur,” said college is worthwhile if you know what you’ll get out of it. You can benefit from college if you plan wisely To help you decide whether college is worth your time and money, we interviewed entrepreneurs who do and don’t believe college is key to entrepreneurial success. This finding raises a question: Is college necessary for entrepreneurial success? It’s a fair enough question when college costs up to $43,775 per year and there’s a $1.7 trillion student loan crisis. This article is for aspiring entrepreneurs who are deciding whether it’s worth it to start or continue a college education.ĭid you know that the percentage of entrepreneurs who hold a college degree is roughly equal to the percentage of those who don’t? In 2020, the nonprofit Ewing Marion Kauffman Foundation found that just over half of U.S.You should also determine whether your entrepreneurial idea would be high-earning and afford you the time to juggle a startup and an education. You should consider whether your entrepreneurial idea will require investor funding and hard skills.Entrepreneurs may find success without college if they already have ample resources and connections or a clear opportunity in front of them.Entrepreneurs may benefit from the networking, cultural exposure and critical thinking lessons that college provides, especially if they go in with a plan.

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