If you are considering starting your own business one day, you may be asking yourself if it’s something you are truly capable of doing. It’s quite common to ask yourself is whether you will need a formal education in order for your business startup to succeed?
The short answer is that you don’t, as many people have built a successful business without qualifications, but that doesn’t mean you wouldn’t benefit from formal business education. There are many benefits to both, and here’s just a few examples.
Benefits of Business Education before Startup
There are so many benefits to learning about the benefits of business education before starting up on your own. From business admin courses to MBA’s, there is a whole list of options for educating yourself further before taking the startup leap.
Expands your Network before Startup
One of the biggest benefits of taking a course before building your startup is that you will find yourself meeting a lot of like minded people along the way, giving you an index of connections to learn from or even work with in the future.
Learn from the Mistakes of Others during their Startup
It’s natural for you to make mistakes when forming a startup. However, by getting an education on business plans, marketing and managing your finances, you are likely to make fewer mistakes than those who haven’t.
Get the Learning Bug to Boost your Startup
If you have a fair bit of education already, you may want to take on new courses in order to help further your skills before the startup. By doing so, your startup could have a bit of an advantage. However, some may feel that what they know is enough to get started, but that comes down to personal preference.
Benefits of a Startup with no Prior Education
Though a formal education in business has helped many, there are others out there who swear by learning from real world experience instead. Here’s a few benefits of jumping in the deep end of the startup world.
Get ahead of the Startup Game
One benefit of getting stuck into the world of business straight away is that you are able to learn things and gain experiences faster than those who choose to sit and talk about starting a business. Real world learning offers first hand experience as you have to solve problems in the moment, with genuine consequences and risk. Learning from your own mistakes as opposed to someone else’s gives you the benefit of being one step ahead as you know what not to do.
Invest in a Business Startup, not a Qualification
Getting an education in business before a startup can be rather costly, especially if it’s a post-graduate education for an MBA. These can cost between ten and fifteen thousand pounds on top of what you have already paid for your university education prior. Many find that investing their money into the startup and learning as they go is much more cost effective and something they will benefit from in the long run.
At the end of the day, it’s entirely up to you what you choose to do in order to get your startup moving, but it’s important that when you are ready to set up your business, you have a trustworthy accountancy to help you stay financially afloat. If you’re based in or around Stockport, feel ready to begin you startup and are looking to keep your budget reeled in, talk to one of the experts at Steven Glicher today to see how we can help your put your business plan in place.