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The Financial Freedom Foundation (F3) is a non-profit organization that teaches people how to create more passive income than their living expenses, so that they can quit living for a job and start dedicating their time and talents to giving back.
Personal financial independence is necessary in order to free up your time. However, financial independence is not the end goal, but rather an initial step, just the beginning step.
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Question by Cam5X5: Really should I get a education or go straight into getting a entrepreneur?
I have the dollars, support and abilities to be a hopefully successful entrepreneur…
Nonetheless my question is, ought to I have a education in case it doesn’t go properly? In case I need to have to go appear for another job?
I mean how does one put “entrepreneur” on a resumes for jobs if it does not go properly…. you cannot…
unless you ran a effective organization with all the legal forms and sold it.
Or must I just dive straight into becoming a entrepreneur, threat what small I have.
I’m young… I can still recover right after becoming unsuccessful?
I dunno.
Greatest answer:
Answer by marquise
do what you assume is greatest for you.
Like me for example, i’m going to take Theatre in college.
I know i truly can’t get that considerably jobs with that.
but i do not care, its my passion, i’m young.
so if acting does not work out, i can go back to school for one thing else.
Give your answer to this question beneath!
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Comments are closed.
MooneySuzuki36 Dec 6 2011 - 9:55 pm
You know most entrepreneurs have an education and you definitely need something to fall back on. I would get a 4yr college degree then become an entrepreneur. 4 yrs is not as long as you think. This kind of business is all about risk and you need a back-up plan if you get shot down.
Grand Rapids Dec 6 2011 - 10:28 pm
It looks like you’re keen to take the entrepreneurial route but don’t want to sacrifice the benefits of an education. Personally, I would put half my time, money and energy into getting a part-time education and the rest of the time in setting up an entrepreneurial venture.
It doesn’t have to be an either/or situation. I started my freelance work along with my degree studies and am glad I took that path. Don’t think about about being unsuccessful, or stuff like that. Chart out a business plan and go forth with a positive perspective. I wish you all the best, both with your business and education.
Frodo Dec 6 2011 - 10:55 pm
This really depends on what your business idea IS. If it’s a technology startup, then you’re going to need a business plan, a management team, and maybe some investor help (which means you need to present in front of angel investors or other groups).
About 85% of startups fail. This isn’t to discourage you, but it is because a lot of people have great ideas but don’t know how to organize the ideas and bridge the gap between getting the first innovative consumers and the vast majority of consumers.
You say you have the support and skills to be an entrepreneur, so I assume you also have the direction and a good idea. Entrepreneurial businesses are usually born from finding a problem and then a solution to that problem. There are many many successful young entrepreneurs who found a solution to a problem they saw that many people had and created a business for it. Yes, it’s better to do it while you’re young, and if you have an idea, go for it!
However, I think education is still important. It’s much better to be informed. I would sign up for a business or entrepreneurship program to get a basic overview of how you can strategize and market your business.
While you’re in school, you can also work on your business plan and getting a team together or some help to make the business. In our entrepreneurship program, they mentored us through the process of building a business plan around an idea. You can gain more resources (professors, investment groups) through the college or university program and you can get a knowledge boost too.
You can always put your entrepreneurial business plan writing experience, presentation experience, and management experience on a resume.
Once again, it depends on your business idea and how much you’ve planned it. An education can help you figure out your strategy towards success, and your experience will put it to the test!