There has been a very interesting conversation in the Brelsford house lately about start-ups. Dad (that’s me) is involved in a Big Data start-up in addition to owning SMB Nation (run day-to-day by the amazing Jenny).
My wife is old school cul-de-sac suburban Chicago-style and is on a life journey of acknowledgement and acceptance of entrepreneurship. In a future life, may she come back as a small business start-up owner. My youngest son, Harry Jr., more closely fits the demographic and intent of a recent Seattle Times article titled “Young entrepreneurs dive in to start their own businesses, despite the high failure rate” published Sunday, May 15, 2016.
The point is this. In both our dining room and the article, there is a legitimate conversation to funding a young person to create a start-up and get life experience in addition to (or instead of) paying for college. My position is that I think a young person should look at start-up alternatives that INCLUDE education. For example, what about a Gap Year where my son might work in a start-up? Or how about getting the first two years of basic college courses online (from an accredited source of course) while working in or directing a start-up by day. A decade hence, I think Harry Jr. would be richer for the experience. But I am firm that getting a bachelors and masters is a mandatory requirement on my shift. Education is both a tool and a ticket. Period.
Anyways, enough editorializing. The Seattle Times article is a must read and can be found here.