TED Conversations

Brant Scheifler

Founder & Chief Encourager, Whiteboard Entrepreneur.com

This conversation is closed.

Does formal education play a significant role in the success of entrepreneurs and the outcomes of their business activities?

The foreground of such debate is perhaps seen in this debate: Are leaders born or made? With multiple TED (and Tedx) talks discussing entrepreneurship, I was curious what the community thought about the role that education plays in the success of the entrepreneur. (*please don't just say, it depends.)

Topics: Entrepreneurs
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Closing Statement from Brant Scheifler

Thanks all for your thoughts and comments. It's clear that most commentators don't view education as being vital to the success of the entrepreneur. In fact, many feel it can be a hindrance. With that said, many pointed out that education is what you make of it and that it can be utilized as a tool, even if that tool is context/perspective. Thanks again for sharing your thoughts!

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    Mar 12 2012: I think formal education plays the same roll in everyones life no matter where you end up. Education gives you the tools to be a grownup. Most entrepeneurs are born with a personality that allows them to take enormous risks for a chance of an enormous outcome. Many of them go bankrupt several times before they have long lasting success. For most of us the stresswould be fatal. How often do you hear stories about how some one who is now a millionaire started their buisness by quiting their job and mortgaging their house to finance an idea that sounded rediculous at the time?
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      Mar 13 2012: I believe there is something commonly shared by way of a personality trait in entrepreneurs, or at least it's a shared quality. I know there are plenty of studies out there on this, can anyone reference a link?

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