Some may believe that the only way to become successful in life is to have a college degree. That this will somehow guarantee success, but that isn't true. In many countries that educate every high school graduating senior, their economies aren't doing much better than ours right now, and their unemployment rates have skyrocketed. One of the issues is that people who graduate from college think they are worth more money because they think they are smarter - at least that's what they've been told by academia. They may or may not be smarter, who is to say?
Showing someone a college degree is a nice starting point, but that doesn't mean you can think, reason, or adapt on your feet. Many companies just need someone to fill the spot, they have procedures, rules, and they can hire any human who will sit there and listen and do the job. Folks that have gone to college are good at taking orders, doing what is told, and completing what they start. Surely that's a good thing. Being economically enslaved helps corporations, employers, and even the government hire workers for lower wages, not higher wages after they go to college.
What if they decide to start their own business? Well, if you have tons of personal debt, you will not be able to get a business loan, and the minimum amount of money you need to make per month you might not be able to achieve before you reach a return on investment based on the capital you seek to start your company.
There was an interesting article in the Wall Street Journal on August 23, 2013 titled; "Student Loan Load Kills Startup Dreams," by Ruth Simon which noted; "The Rising mountain of student debt, recently closing in on $1.2 trillion, is forcing some entrepreneurs to abandon startup dreams," and "Recipients of graduate and professional degrees who borrow average more than $55,000 in debt at graduation, including under graduate loans, but not parent loans."
Now then, I have another comment, perhaps you might consider it unfair, but I don't at all;
If someone racks up huge student loan debt, thinking that it will make them smarter, and they will be more qualified to run a company, and if they make such a lousy personal choice in their individual lives, then why would you want to risk your capital in their startup company in the first place?
Obviously they don't know how to leverage their money to maximize advantage, after all they paid way too much for their education, do you see that point?
Who is to say they won't run the business into the ground, and borrow money they can't pay back?
I dare to ask that question. What's your answer?
Lance Winslow has launched a new provocative series of eBooks on the Future of Education. Lance Winslow is a retired Founder of a Nationwide Franchise Chain, and now runs the Online Think Tank; http://www.worldthinktank.net
Article Source: http://EzineArticles.com/?expert=Lance_Winslow
Article Source: http://EzineArticles.com/7954485
Showing someone a college degree is a nice starting point, but that doesn't mean you can think, reason, or adapt on your feet. Many companies just need someone to fill the spot, they have procedures, rules, and they can hire any human who will sit there and listen and do the job. Folks that have gone to college are good at taking orders, doing what is told, and completing what they start. Surely that's a good thing. Being economically enslaved helps corporations, employers, and even the government hire workers for lower wages, not higher wages after they go to college.
What if they decide to start their own business? Well, if you have tons of personal debt, you will not be able to get a business loan, and the minimum amount of money you need to make per month you might not be able to achieve before you reach a return on investment based on the capital you seek to start your company.
There was an interesting article in the Wall Street Journal on August 23, 2013 titled; "Student Loan Load Kills Startup Dreams," by Ruth Simon which noted; "The Rising mountain of student debt, recently closing in on $1.2 trillion, is forcing some entrepreneurs to abandon startup dreams," and "Recipients of graduate and professional degrees who borrow average more than $55,000 in debt at graduation, including under graduate loans, but not parent loans."
Now then, I have another comment, perhaps you might consider it unfair, but I don't at all;
If someone racks up huge student loan debt, thinking that it will make them smarter, and they will be more qualified to run a company, and if they make such a lousy personal choice in their individual lives, then why would you want to risk your capital in their startup company in the first place?
Obviously they don't know how to leverage their money to maximize advantage, after all they paid way too much for their education, do you see that point?
Who is to say they won't run the business into the ground, and borrow money they can't pay back?
I dare to ask that question. What's your answer?
Lance Winslow has launched a new provocative series of eBooks on the Future of Education. Lance Winslow is a retired Founder of a Nationwide Franchise Chain, and now runs the Online Think Tank; http://www.worldthinktank.net
Article Source: http://EzineArticles.com/?expert=Lance_Winslow
Article Source: http://EzineArticles.com/7954485
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