Today’s article borders around why staying in college might not be the best idea if you have an entrepreneurial mindset and how to make the best out of the time that you have. Going to college is something mandatory for most people. You have probably heard multiple times in your life that you should enrol in University for some sort of educational qualifications.
Not only that, you’ve been told that your academic life is extremely important for your success. Although it is hard to let the concept of college go, for some people, especially for someone with an entrepreneurial mindset, it might not be the best choice.
If you read all of the other articles on this blog, you will know that becoming an entrepreneur is one of the greatest ways to have more financial freedom. This happens because you have the privilege of working for yourself. Being so, you make your own rules, and the amount of money that you make can be quite flexible.
Not only that, this money that you are making is yours. You are no longer working to make someone else’s business success. You are working for yourself, and doing something you love. Because of this, becoming an entrepreneur has become a dream for many people, and in some other blog posts on here, we have tried to help people to transition from being a 9/5 employee to a full-time entrepreneur.
If that is also your end goal, attending college might end up in your way. Being so, you can easily find yourself in a complicated situation where you don’t know what to do. Hopefully, this article provides some insight into how you can make this complicated decision.
1. Why are you in college?
The first question that you might want to ask yourself is “why am I in college?”. It turns out that a lot of people consider university a standard step that must be taken. Being so, they are almost in autopilot mode, and they don’t even consider the idea of not going. This happens because your parents and family told you over and over about the importance of college, which most likely, revolved around the fact that it is essential to make money.
You must have realized, however, that this is precisely what an entrepreneur is also seeking. So, if your only purpose of attending college is to increase your chances of having a comfortable life, then maybe reconsidering your options is essential. The main key factor here seems to be the time.
The amount of time spent on college could be precious time invested in creating your business. Meanwhile, once you leave college, you will have to start from scratch, and it might take years until you begin to make more money.
2. The Money aspect of college
Another important thing that you must take into consideration is the fact that colleges are not free. At least the majority of them. You will need to pay, and usually, this means a really massive amount of money.
Student debt is one of the primary problems of young adults, and a significant part of the money that they make after college ends up being taken away because of how much they spent to enrol in a university. This makes college become an investment, which might not always pay off.
There is also instability when it comes to being an entrepreneur; don’t get me wrong. However, believe it not, most business, especially when you are just starting, actually, require way fewer investments than a full college major.
Intelligence is using the right resources to achieve the right goals, not just being a box full of information that plays no role in your quality of life.
Starting your independent financial life with huge student debt might be incredibly discouraging and put you many steps behind. Being so, in this case, and if your intentions to attend college are purely to create a base to make money later, it might not be worth it.
We are careful, however, when we say that college might not be worth it. Education is essential and necessary, but only when it serves a purpose in your life. The knowledge that you will never use ends up going to waste.
3. Why Do You Want to Drop Out?
While reading this article, you might have found that this is the solution for you. You never wanted to enrol in University anyway, so the obvious decision here is to drop out. However, remember what we said in the previous topic, intelligence is about choosing the right resources to achieve goals.
If you are not genuinely willing to become an entrepreneur, dropping out of college might be the worst decision. Especially if you know that deep down, you are just using the idea of being a business person as an excuse to drop out of something that you don’t like.
Being so, an important question that you might ask yourself when deciding if you want to drop out of college is the famous “why”. Why do you want to do that? What will you do with your free time? Are you going to spend this time wisely preparing for your business? Or are you going just to let the days pass?
Remember that time is one of the most critical factors here. Dropping out of college might give you more time to focus on your business so you can grow something for yourself and become successful, which is the goal of college anyway. However, if this new free time that you have are not being used to focus on your business, then you are just wasting all of this time.
Being so, you must ask yourself these questions very carefully and be completely honest yourself.
Key Take Away
According to this article published by the Irish Times, dropping out of university is a risky move, and you must make sure that it will be worth it. The main factor here is knowing why you are in university in the first place. And if the reason is to have financial freedom, then you might as well focus on your own business, which serves the same purpose.
It all comes down to having the determination to make things work for yourself. If you are genuinely committed, you find success in your business with or without attending college.
Wrapping Up
Did my content help you? What part of this article resonated most with you and why? Have you been considering dropping out of college? Did you already drop out? How has dropping out of college impacted your life? Share your ideas, tips, thoughts and experience below in the comments.
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