I saw this clip of Alan Patricof and started wondering how the increase in entrepreneurship will influence the job market and hiring in the future. Historically… well a century ago… building a business was the norm for most people to earn a living. Granted the businesses were different, but earning a living was a family affair or that of a small group of people building a small company (a blacksmith for example). That isn’t to say that higher education didn’t exist, it just wasn’t the norm for most people. It wasn’t really required as anyone could build a great business and those that built great businesses were known as good people to work with. People learned from their most infuential failures and carefully refined their business models based on learning from these failures.
I wondered as Alan talked about all of the incubators and the startup fever that has taken over the nation (for the second time in 20 years) if entrepreneurship was more valuable than a degree. As a father and someone who believes that higher education is beneficial, I struggle with this thought. I know I would be proud of my boys if they built successful or failed startups, but would they do this instead of obtaining a degree?
What do you think?