Starting your business while still a college student is definitely exciting. When you hit the ground running, and it turns into a success, you get financial freedom and real-world experience. At this point, some student entrepreneurs start thinking about dropping out of school.
Although it might seem appealing to dedicate all your time to growing your business, quitting college is not always a good idea. Here are five reasons why.
Table of Contents
Learn Soft Skills Needed to Succeed
Many people think that college only makes you book-smart and gives you hard skills, but it’s not entirely true. Aside from building your knowledge, you also improve your soft skills. These are things like teamwork, communication, decision making, leadership, and many more.
Every new college task challenges you to exercise these skills and improve. For example, you pick up how to manage your schedule and observe deadlines. When you have difficulties completing a task, you learn to delegate it by seeking online homework by DoMyEssay team or asking your peers for help. When you give a presentation, you become more confident at public speaking and boost your critical thinking and problem-solving as you prepare for it.
All soft skills you learn as a student are transferable. You can use them to grow your business further and make it successful in the long run.
Don’t Miss Networking Opportunities
College gives you a friendly and encouraging space to meet people. You can find like-minded friends among your peers who might become your business partners. You could also encounter your future clients and discover more opportunities to grow your company.
As a student, you also get a chance to learn from experts and receive valuable mentorship. You could get some practical recommendations from your professor. This gives you in-depth knowledge about the industry and resources that could be used for professional advancement.
Colleges and universities also create extra opportunities for students to learn. They invite guest lecturers to share business insights, hold seminars, and organize workshops. All these events are your chance to build and maintain positive relationships with professionals and potential clients.
Balancing College and Business Is Possible
College is a huge commitment. You have to write countless essays, do readings, work on projects, and engage in extracurriculars. It requires a significant investment of your time and effort.
Naturally, running a business at the same time is an extra challenge. College Atlas lists the difficulties of balancing college, business, and family as one of the top reasons why students quit school. And it’s not surprising. To be able to fit so many things into your schedule, you need strong time management skills and discipline.
The good news is that these skills are easy to master. You need to learn to schedule your day wisely and prioritize tasks. Besides, it’s nice to have a graduate essay writing service at hand to help you deal with college papers when deadlines get too tight. Although it’s not work or study-related, you should also take good care of yourself. Give yourself time to relax, sleep well, and exercise. Self-care is key to reducing the stress of managing multiple tasks and preventing burnout.
Statistically, College Graduates Are More Successful Financially
When students think about dropping out of college, they are often inspired by people like Bill Gates, Michael Dell, Jack Dorsey, Mark Zuckerberg, and Steve Jobs. Yes, these people reached stellar success in their businesses. However, these stories are exceptions, not the rule.
Let’s take a look at statistics. According to the Education Data Initiative, college dropouts earn 48.4% less than those with a bachelor’s degree. They are also more likely to be unemployed. So even though success stories of college dropouts are convenient to point out, statistics are not on their side.
Train Your Mindset
Earning higher education is a demanding process. To finish your degree, you need to overcome numerous obstacles, deal with frustration, and make important decisions. And this is the best part because difficulties encourage you to grow and embrace challenges instead of avoiding them.
Learning inspires you to develop a growth mindset. You complete a task, see success, and get motivated to do more and aim big. Higher education changes your way of thinking. You can use it in any area of life, including business.
When college gets hard, but you make a decision to keep going, you build your patience, consistency, and perseverance. At some point, your business might experience difficulties too, and these qualities are key in the face of challenges.
Final Thoughts
Of course, a college degree is neither a necessity nor a requirement to run your business. However, higher education is not only about learning hard skills. College gives you valuable experiences and opportunities to grow as a person, work on your soft skills, and become more mature. You get a chance to collaborate with others and network, which might help you develop your business. So unless you have a pretty good reason to drop out, stay in school and finish your degree. It is worthwhile!
