As Malcolm said, “Education is the passport to the future, for tomorrow belongs to those who prepare for it today.” People think that education is not required while being an entrepreneur or do a start-up. They believe that an idea is enough to become big or maybe a viral content that can help reach the top. But the question is that how that success is retained. Education truly is the key. Here are my six reasons why:
1. Education gives confidence
You could have strong entrepreneurial skills and be a natural-born salesperson but if you do not have proper education, you will always be stuck up. You are stuck up with the figures, accounting, Government formalities and even your tax aspects. In a tough situation, education gives you confidence. It tells you that if you could do in your study times, you can easily do now.
Business means courage and decision making capacity in risky situations. The brain develops an automatic calculative ability for all types of figures. Education gives the right resources and knowledge of excelling
2. Education expands your network and resources.
Build your resources by being a sponge and absorbing everything. Listen. Read. Research. Ask questions. Analyse. When someone recommends a resource, check it out. Never say no to any suggestions or advice without doing your homework and analysing it out for yourself and your business.
Build your network by taking courses and attending workshops, webinars, networking events, trade shows, and conferences. You’ll meet a whole lot of people who have been where you are now and many who have already passed your stage. These people can share their experiences and knowledge with you.
3. Education sharpens your financial intelligence.
Some of my favourite stars, musicians, and businessman watched their fortunes sink like Titanic because they didn’t do their homework or surround themselves with the right people. Financial intelligence is non-negotiable and the only way to get it is by educating yourself.
Financial intelligence is not just the manipulation of figures but it also means taking the right decisions at the right moment. Forecasting the trends can give you the way.
4. Education gives you access to mentors.
I always say that life is a series of mentors. My first mentor was my mom. I learned my work ethic from her. She was one of the few people who believed in me and supported me. Many mentors have come into my life since then.
So, where do you find them? Everywhere. A mentor doesn’t need to be a celebrity or untouchable person. In fact, you may find mentors in places you’d least expect. You may be stuck in a work you hate, but while you’re leaving away, seek out management, an executive team and co-workers who can teach you a thing or two, or answer your questions.
Talk to the teachers, teaching assistants and senior students you admire. Attend workshops, trade shows, and conferences, and strike up a conversation with coaches and other attendees. You’ll find that most people really do want to help you and are glad to answer your questions.
5. Education protects your assets, including your biggest one – you.
As an entrepreneur, you’re your own brand. You’re irreplaceable. That makes you an asset. And all assets need protection. Be sure to put a plan in place that protects your good name. It’s best to seek professional advice here. Educate yourself and then find an attorney who specializes in asset protection. Tailor a plan that benefits and protects you. Trust me, not doing homework will cost you in the long run.
6. Education helps you channel your energy.
One of the main reasons you are an entrepreneur is because you are bursting with energy and ideas. You’re constantly on the move, your wheels are always turning, and you don’t know the meaning of “a day off.” That caffeinated intensity will get you far, but you should learn how to navigate every ounce of that powerful gift to your advantage. Channel that energy into something useful: take a class, read a book, or watch a YouTube video on entrepreneurship.
Get macro as well as micro. Take a step back, take a breath, and look at the big picture. Find the resources and people who can help you think differently and more intelligently; about what you are doing. Let them in! This will help you transform your energy in the most useful way so you can take the next steps toward achieving your goals.
So always remember, for a successful entrepreneur, You must always be in the learning process from student life to work-life.