Is a university education crucial for founders?
Dr Vikas Nand Kumar Batheja, co-founder and director of Capital College in Dubai
Bill Gates, Steve Jobs and Mark Zuckerberg stand out as remarkably successful entrepreneurs who all dropped out of university. To them, their higher education was an unnecessary distraction. But several studies show that the vast majority of successful entrepreneurs follow a more traditional path - university, corporate experience and then entrepreneurship. In this oped, Dr Vikas Nand Kumar Batheja, the co-founder and director of Capital College in Dubai explains why a university degree is important for entrepreneurs.
Entrepreneurship is a unique profession in the world of modern business. Research suggests that only 10 per cent of entrepreneurs succeed while the rest fail due to different limitations such as low financial aid, poor marketing, economic situation and many more. These factors tend to pull aspiring entrepreneurs down and create more pressure to survive in a competitive market. Even people who have an impressive business background can still fall short if they do not have a strong academic foundation.