 |
| Image source: thebusinesseducationinsider.com |
The world of business is both amazing and perplexing. While well-educated tycoons mostly dominate it, the business world has also been shaped significantly by entrepreneurs who have not even finished college. But regardless of whether they have an impressive academic background or are college dropouts, they will still have some areas where they struggle to be a master of. That is why business education becomes crucial as it enables entrepreneurs of all types to fill in what was originally not there.
Knowledge is primarily what formal education provides to business professionals. For a person to do his job excellently, prior knowledge on what to do and not to do is essential. On hand knowledge can also give the person a sense of preparedness for the upcoming tasks. With preparedness comes confidence to do the job well.
In this age of information and high technology, acquiring knowledge has become much easier than it was several decades ago. Sufficient know-how in certain fields has become a necessary capital asset. Education is also a gauge on how qualified a person is for specific roles. It is held as an important indicator by most employers of the person’s abilities. Lastly, entrepreneurs who undergo formal education will be able to benefit from the networking opportunities that it can offer. Coffee tables or lunches in seminars and conferences are great places to expand one’s network. Networks provide a sturdy support base that helps businesses succeed over the long term.
 |
| Image source: whartonmagazine.com |
Patrick Dwyer of Merrill Lynch believes that education is a key to building strong skills that are crucial to many aspects of life: personal values, business, social relationships. For more insights, follow this Facebook page.
