As right stated by
Nelson Mandela “Education is the most powerful weapon which you can use
to change the world. Any experience that has a formative effect on the
way one thinks, feels, or acts may be considered educational. Education
is the factor that influences owner mangers entrepreneurial success.
For the success and growth of any
business, communication skills, team working , having a business mind,
innovation and a positive attitude are the most important ones. These
skills needs to be taught via formal education where the young people
are prepared to face challenges in a virtual situation, where they are
formally shown how to speak to people in a better manner, how to tackle
business obstacles and coming up with innovative strategies for the
business to survive and grow in the competitive environment. A lot of
information is available on the topics which may not directly provide
solution to our business problems, it is the education that formally
points out to the resources and to the ways such resources can be
helpful to tackle the current situation facing business.
The diversity of the educational level
of the 10,000 Small Businesses is a hallmark of the program, and
business growth is achieved by business owners with all types of
educational backgrounds. With the exception of having less than a high
school degree (60% grow revenues at six months) and a high school degree
(75% grew revenues at six months), all the rest of the educational
levels’ revenue growth rates are similar across educational attainment
levels, with more variation seen in the creation of jobs. At the six
month point, the educational attainment categories with the most job
creators are Associate Degrees (52%) and Some College/No Degree (49%).
Entrepreneur’s ages have also been a
popular point of discussion in the media, with focal points often either
millennials or those considered older. While our numbers of
participating business owners in some of these age categories are still
small, intriguing themes are emerging. Our youngest business owners
(those under 44) who grow the revenues are the most likely to increase
their growth between the six and 18 month follow-ups. Also, when looking
at what happened by 18 months after program completion, the number of
businesses with younger owners that grew by more than 100% nearly
doubled.
The purpose of education is to replace
an empty mind with an open one. Education grooms young potential youth
to be the future face of business with innovation and continual growth.