College Or Entrepreneurship?
Baltimore Sun:
Dear Joyce: My grandson, 18, says he wants to become an entrepreneur. OK, but he refuses to enroll in a college, arguing that it’s a “waste of time.” To top that, when I suggested he get a job for a couple of years and then rethink his decision, he said: “Forget it — I can do better on my own.”
His plan is to become an entrepreneur designing Web pages and to fill in slow-business time by day-trading stocks. His parents aren’t in the picture; he assumes I’ll support his ill-thought-out venture. I’m on a fixed income. Ideas? — M.Z.
Day-trading stocks is gambling; does he feel lucky every day?
Just as commercial lenders require a business plan before parting with a penny, so should you. Where will his design customers come from? How will he access capital to expand a thriving business or shore up a failing venture? What has he done to prove his skills and business acumen?
What’s going on? Every generation has its share of young people in a hurry to walk in shoes that earlier generations aren’t ready to step out of. Today’s economy adds another motivation to cut career corners. Continue reading this post.
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It’s a great idea to become an entrepreneur at early age. But it’s worth to lay the idea on the strong skill and experience foundation.