Pros and cons of being an entrepreneur in High School?


2

Would you recommend dropping out of High School to pursue creating a tech startup?

What are some pros and cons of starting your own company in general?

Entrepreneurs Entrepreneurship High School

asked Feb 27 '14 at 01:14
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Ronald Moffet
20 points

1 Answer


3

While there are many outlier stories you've probably heard about high school / college drop outs making it big, here are some reasons why not to drop out:

  • The experience shapes you for the good. It's not just about studying.
  • You'll meet and connect with people who have the same interests as you. You might even find a co-founder.
  • Helps with Plan B (temporary job) if your startup fails.

There is no reason why you can't start your own business while you're in high school and college. If you're able to get huge traction, then you can weigh your options better. Dropping out solely to start a business is not a good idea.

Most entrepreneurs you'll meet here on Bright Journey likely started their first business while they were in school. And most will tell you that the first business failed. You'll learn a lot from that experience.

Here are some pros/cons of starting your own business:

Pros:

  • Control: You pick what want to do that makes the most of your skills.
  • Flexibility: You can schedule your hours around commitments, including spending time with family.
  • You're building an asset. Your income is directly related to the success of your business. Sky is the limit.
  • Freedom: You can work wherever you want, whenever you want, however you want. It's feels more like play, than work.

Cons:

  • Loneliness: It can be scary to be completely responsible for the success or failure of your business.
  • No regular paycheck: You give up the immediate security of a regular salary. If your business suffers, you take a personal financial hit.

TLDR; Start a business while continuing high school.

answered Feb 27 '14 at 02:06
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Nishank Khanna
4,253 points

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