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How A Higher Education Helps Entrepreneurs | Tutor City SG

Higher Education is Not a Lost Cause: How it Builds the Entrepreneurial Mindset

In recent years, there’s been some speculation about the true necessity of having a higher education. An ongoing social dialogue has opened up around whether the pressure we put on high-school graduates to study further is really needed; and some fair points have been made.

There are several solid career paths that those entering the job market can take that don’t require a college degree.

Marketing, sales, financial consultation, design, and data entry are all great examples of professions that can be pursued on robust experience alone.

But it would be a mistake to believe that higher education has become redundant.

There are still many consistent advantages to be gained through receiving a higher education, and one of them might take you by surprise—entrepreneurship skills. In this article, we’ll go through some of the ways having a higher education builds an entrepreneurial mindset.


Development Of Critical Thinking Skills
In addition to receiving a degree in your desired field, one of the most notable advantages of a higher education is the fact that it develops your critical thinking skills.

While high school environments are great for gaining knowledge in focused areas, a higher education implores students to think more critically about the subjects they study.

Being an entrepreneur requires a high level of critical thinking. Regardless of the industry you pursue, the ability to think clearly, and at times, abstractly, around the challenges you face will only make you a more strategic and driven entrepreneur.

Promotes Productivity

The process of earning a specialized degree is long and arduous. But well worth the effort; and the productivity skills you gain.

Many entrepreneurs end up having to do a lot of multitasking (especially in the early days of business), and that skill can be instrumental to success.


Enhanced Self-Confidence

They say that nothing good in life is easy, and the same is certainly true about starting your own business. Having a higher education can boost your sense of self-confidence, and make you a more secure and self-assured person.

If you want to be an entrepreneur, having a robust belief in your ability to do well and succeed is going to be imperative. Obtaining a higher education isn’t easy, and the reward of accomplishing it can help you see how much you’re capable of when you put your mind to it.


Creates Networking Opportunities

Regular entrepreneurs don’t have the luxury of working in a long-established company with reams of prime contacts and connections. But when you have a higher education, you may have the opportunity to meet and establish relationships with other professionals in your field.

This makes the tertiary education environment paramount to entrepreneurship in terms of building a base network and establishing yourself as a frontrunner in your chosen industry.

Improves Communication Skills

Pursuing a higher education brings with it the gift of learning how to communicate both verbally and through the written word.

Through essays, emails, collaborative projects, speeches, and thesis writing, there is ample opportunity to expand communication skills.

Entrepreneurs end up having to do a lot of communicating and collaborating with the people around them. From vendors to employees to customers, there’s often a lot of direct contact that needs to happen directly from the source. Having strong communication skills is one of the most important qualities of a successful entrepreneur.

Without the structure of a pre-existing company to work through, many fruitful business outcomes will rely on your ability to connect with them on a personal level.


Higher Potential For Earning

Even if you’re paving your way as an entrepreneur, having a degree will almost always help you present as more professional and capable of delivering good work.

This can make you a more enticing business partner, hire, or collaborator with other professionals, increasing your earning potential and making your career more financially stable.

Entrepreneurs without a degree can struggle to find the right opportunity to showcase their talent, while those with a higher education may find it easier to gain recognition. This is especially true for more technical or specialized business exploits.


Prepares You For A Specialized Career

Years of gaining a higher education will teach you about the value of committing to a single skill or career path. That can be a powerful experience in the sense that it prepares you for the grueling years of hard work that will go into starting a business idea from scratch.

Entrepreneurs work harder than most professionals because they have to build their profession from the ground up, from concept to labor to profit. They need to master everything from business plans to marketing to knowing how to make an invoice and manage finances.

When you already have the experience of studying a specialized skill, this kind of dedication can feel more manageable.


Gives You Time To Consider Your Ideal Career

A large number of people end up pursuing careers they didn't study for.

And that’s absolutely fine too.

While it might be frustrating to realize mid-degree that you’re actually passionate about something else entirely, having that experience can show you where you’re really meant to be in life.

For some people, the process of gaining a higher education isn’t necessarily about the degree.

It's about discovering your strengths, weaknesses, passions, motivations, and what you really want out of life.

As an entrepreneur, this process can be exceedingly beneficial.

Because entrepreneurship can be so challenging, most of the people who succeed within it are people who have a really clear vision of their future plans and ambitions.

The more you understand what drives you forward, the easier it becomes to achieve your professional goals.


Final Thoughts

There are lots of different ways to succeed in this world, and obtaining a higher education is only one of them. But that being said, if becoming your own boss is something that appeals to you, pursuing a higher education is one of the most strategic things you can do.

From developing better critical thinking skills to putting yourself in a better position for networking with potential collaborators, there are endless advantages to achieving a higher education.

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About Author

Tutor City's blog focuses on balancing informative and relevant content, never at the expense of providing an enriching read. 

We want our readers to expand their horizons by learning more and find meaning to what they learn.

Resident author - Mr Wee Ben Sen, has a wealth of experience in crafting articles to provide valuable insights in the field of private education.

Ben Sen has also been running Tutor City, a leading home tuition agency in Singapore since 2010.