“Education’s purpose is to replace an empty mind with an open one.” – Malcolm Forbes

In the debate over the role of formal education in entrepreneurship, here’s the thing:

Education can never promise success.  That’s the wrong argument.  Education can only provide different perspectives and frameworks for which to solve problems.  It’s the problem solvers that provide value to the culture.

There’s a case to be made for investing $100,000 in your first business rather than a private school education. Still, you will learn more through failure in the real world.  The MBA is worth it if you walk away with frameworks to guide your thinking and reduce the amount of failure you go through.  All the case studies and  best selling authors can do talk talk about their research/experience and their conclusions.  How you apply the wisdom is completely up to you.

Failure is likely anyway.  You can’t blame your education.  Your degree, at best, can help prepare you for dealing with the failure so you learn from it.

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