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What's Better for You: College or Starting a Business
   • What's Better for You College or Starting ...  

An age-old question with no obvious answer. College or entrepreneurship? It depends on where you want to be in five, 10, or 20 years, but the cost of school and the danger of launching a business might make the decision difficult. Luckily, there are several internet resources to assist you in deciding. Who knows.
5 Choice Factors Affecting Your Decision.
College and business are big decisions, and these five variables may help you make a better choice.
1) What's your ideal job? School can help you succeed in an apprenticeship-taught field. If you want to start a business, the school may be for someone else.
2) What are Your strengths and weaknesses? If entrepreneurship fascinates you, but you're better at people than stuff, there may be better options than this. If you need better maths skills, going to college may be wiser than establishing a business.
3)What's your budget?
If you don't have any money saved and need funding, attending college may be easier than risking your new venture's success.
4) Goals? Long-term or short-term? Future self-employment?
5)Risk tolerance? If starting something new scares you, go back to school.
Starting a business may suit risk-takers. If you want employment stability, go to school.
Tuition
College is costly. Four-year public university tuition averages $22,730. That excludes books, school transportation, housing, food, etc., and that excludes your time's opportunity cost. Start a business instead? Crowdfunding sites like Kickstarter let people with excellent ideas but need more money to establish their enterprises. Kickstarter is great for startup funding. Tens of thousands of Kickstarter campaigns and even more on Indiegogo and Crowdrise have succeeded.
College degrees can offer various career doors. Many Fortune 500 organizations require a four-year degree, and 85% of CEOs claimed they would only hire college graduates. Even if you don't want to work for a huge company, consider getting your degree, which could open future doors.
Even so, many entrepreneurs have succeeded without college. Starting a firm with no post-high school education is riskier than entering the job after college, but it's possible. Does my degree matter now? Yes, apply. If not, explore your choices before choosing.

Apprenticeships.


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