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3 Reasons Why Business Owners Should Go Back To School

As an entrepreneur, there is no substitute for the experience you get working day-in and day-out to run your business. However, an increasingly tech-centric economy is encouraging business owners to get back into the classroom to update their skills and bring their companies to the next level.

And why not? With a rapidly changing educational landscape, it’s never been easier for working professionals to go back to school—although “school” may look very different from the hallowed halls you remember.

More adult learners are opting out of the traditional higher ed. experience to enroll in for-profit institutions like tech boot camps or massive open online courses (MOOCs). Not only are these alternatives more affordable, but they also take a more pragmatic, real-time, and self-paced approach to learning—tailored to an entrepreneur’s busy lifestyle.

Whether you are seeking the immediate return of learning how to build a website or seeking long-term solutions to jump-start your business, here are 3 reasons why continuing your education may be right for you.

1.  Stay engaged with an ever-changing business landscape.

We’ve all met them— that boss who doesn’t know how to use the printer or refuses to send an email. No matter how intelligent or effective these individuals might be, employees and clients are bound to become frustrated with a business leader who doesn’t have basic technical competencies. Don’t be that guy (or gal) who views technical advances as a threat. Times are a-changin’ whether or not you’re on board.

As an business owner, it’s your responsibility to use the latest and most effective technology and tactics to run your company. Refusing to stay up-to-date puts you and your business at risk of becoming outdated or ineffective. Old habits die hard, but so will your business if you don’t keep up with industry advances.

2. Fill gaps in your background and experiences.

Try as you might, it’s impossible to know everything. Even the most experienced business owners have knowledge gaps in areas like sales or finance. Getting an honest appraisal of your strengths and weaknesses can help you understand areas for improvement, and taking a class will help you fill these gaps sooner rather than later. Not only will you gain a better understanding of your business as a whole, but you’ll be able to spot redundancies or inefficiencies that pose a threat.

3. Diversify and grow your business.

Whether you’re looking to shift your business model, introduce a new product or service, or make an important new hire—there’s no need to fly blind. Taking a class can give you the expertise you need to make key business decisions and lead your company to success.

Learning as an entrepreneur will help you stay up-to-date with changes in your industry, fill the gaps on your resume, and inform important decisions that can make or break your business. Not to mention that learning something new is a great way to network with other business owners. With so many education options suitable for a busy schedule, continuing your education has never been more accessible to an entrepreneur.

 

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Emily Pope

Contributor at Fundera
Emily Kate Pope is a freelance writer and content producer at General Assembly, an educational institution dedicated to creating a global community of individuals empowered to pursue work they love.