Formal Education may not Guarantee Entrepreneurial Success

As I have already told you in many of my previous articles that, Education System is no longer effective to ensure any kind of Financial Success. Great Entrepreneurs like Bill Gates, Michael Dell, Dhirubhai Ambani & Steve Jobs are High School or College Drop outs and still they developed successful Empire.

These are just the examples of few Billionaire Entrepreneurs. In Real world, there lot more. Let us discuss the example of one such Entrepreneur – Parakram Jadeja from Rajkot.

In 1986, Jadeja who was studying in Std. 12, asked his father for Rs.25,000 to participate in an under 19 cricket tournament. But his father, a municipal employee, was not in a position to raise money. Though Jadeja felt bad, he knew something had to be done.

He knew from that day that, the Education system won’t make him Rich & Financially Free. In fact, if he continue the education system, one day he will become an employee like his dad living paycheck to paycheck. Jadeja did not want to live below his means from paycheck to paycheck like his dad.

So Finally he decided to quit studies and become an Entrepreneur. 2 years later, Jadeja launched Jyoti Enterprises and started making lathe machine components (Rajkot was a lathe manufacturing hub). In 1992, he realized that computer assisted lathe machines will be the future. And from that day, the Company went from strength to strength and today has clients like M&M, Kirloskar, TVS…etc…

Experts say that, Formal Education has nothing to do with your Entrepreneurial Success. In fact, if you want to be a successful Entrepreneur, you have to leave the Education System.

American Educator Helen Keller is credited with the saying that, “College is not the place to go for ideas.”