Before becoming a network marketer, I had never questioned the school system and its curriculum. But since becoming immersed in the industry I have taken note of what successful people in the industry have to say on the subject, and one thing that many seem to agree on is how schools are failing the younger generation.
To some extent at least…
Self-made millionaire Gary Vaynerchuk told Larry King that the school system was “built for workers” where you are “taught to play within the lines, and there’s nothing being taught that maps to the entrepreneurial market”.
Successful entrepreneur, investor and best selling author Robert Kiyosaki believes the school system is “preparing kids for the industrial age. Our school system is 50 years behind”
Kiyosaki agrees that school systems teach kids how to be a lawyer, an accountant, or a teacher but severely lack in financial education.
He says “Schools are training people to be employees, to work for the rich.”
Richard Branson believes that “In this country, we still hold an outdated view of education and expect everyone to take the traditional path at school”
“Students are individuals, yet school curriculum’s encourage conformity.”
And to prove the point that the school system does not play an essential part in the development of entrepreneurs, here is a list of some of the most successful drop-outs:
- David Karp – Tumblr
- Richard Branson – Virgin
Francois Pinault – Gucci, Stella McCartney, Alexander McQueen, Yves Saint Laurent and Christie’s Auction House
- James H Clark – Netscape
- Joe Lewis – Tavistock Group
- Michael Dell – Dell Computers
- John Mackey – Whole Foods
- Steve Jobs – Apple
- Matt Mullenweg – WordPress
- Mark Zuckerberg – Facebook
- Daniel Ek – Spotify (co-founder)
- Arash Ferdowsi – DropBox (co-founder)
So, Should People Drop Out Of School/College?
School and colleges today provide a great foundation for those looking to pursue a career within many academic and professional fields, so I would never encourage any child to ‘drop-out’. They can also be great for those who aren’t certain about what career path to choose as they provide opportunities to experiment with and explore a variety of subjects and interests.
The current system IS however severely lacking when it comes to supporting future entrepreneurs as there are VERY limited personal finance and business development courses.
I have recently however been introduced to a free project for schools in England and Wales called the Fiver Challenge, which I think is a fantastic idea; where children aged 5-11 are given £5 to start up a mini business and these pupils have 1 month to create a product or service they can then sell or deliver at a profit and engage with their local community.
So all is not lost, and there are at least some who are encouraging the development of young entrepreneurs.
I would love to hear your opinions on any of the topics mentioned here, so feel free to leave me a comment below.