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Why Entrepreneurs Should Go Back to School

Discussion in 'General Business and Entrepreneurship' started by EF-Roger, Sep 14, 2015.

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  1. EF-Roger

    EF-Roger Member

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    Kids aren’t the only ones who went back to school this month. Entrepreneurs, too, are heading back to the classroom and are reaping many benefits from breaking out their pencils and notebooks. Kyle Jensen, director of entrepreneurship programs at the Yale School of Management, says he’s seen many entrepreneurs return to school after starting a business in order to gain the formal education they may have been missing. Even the most experienced entrepreneurs can benefit from classroom learning.

    Create a well-rounded entrepreneur.
    Returning to school, Jensen says, can not only contribute to entrepreneurs’ understanding of their particular business, but also to the craft of entrepreneurship. “They come back to school with all the dots and our job is to connect those dots with theory,” he says. The entrepreneur leaves the classroom with a better ability to generalize past their own experience and they gain valuable insights they can then use to grow their business and boost their potential.

    Mike Campbell, CEO of Iron Lot, a heavy-equipment sales and export company, decided to go back to school last fall, seven years after starting the company, to obtain his bachelor’s degree in entrepreneurship from Liberty Online University. “Formal education is a tremendous resource for an entrepreneur,” he says. “Not only does it increase one’s practical knowledge, it sharpens and inspires ideas.”

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