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University Or Business? - Business - Nairaland

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Poll: Getting a university degree or starting a business: which is better?

University degree: 72% (52 votes)
Starting a business: 27% (20 votes)
This poll has ended

University Or Business / Best Nigerian Bank For Corporate Or Business Account / Starting A Business After University Or Getting A Job. Which One Is Better? (2) (3) (4)

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University Or Business? by eddy2009(m): 7:58pm On Oct 15, 2007
UNIVERSITY OR BUSINESS, WHICH IS BETTER?

Once upon a time, in a far away from the atlantic ocean, There live two brothers Paul and Peter who are twin. Paul was brighter of the two and hence excelling in the academics but Peter was more business-like and has eyes in genuine business and could easily add up sum with ease and therefore decided to go into business with the option of a part-time course in the long run. So Peter got admission into one of the federal University for a 4years course. After series of strikes, student unrest and politics, he finally graduated after 51/2 years, he waited another 6mths to proceed for the NYSC. He came back and has spent 31/2 years searching for his ideal Job. In all, he has spent 9yrs to get a suitable white-collar Job to no avail. for your information, he read a very good science –related course and came out with 2.2.

Paul on the other hand, was able to repay the initial capital in his legal business and has since been sailing with success ,expanding and recruiting more hands to cope. He is now in his 2nd level in a business course here in LASU. He got married the year his other twin graduated and has a baby girl while his twin is still searching for job, last night, Peter called his brother and said” O boy, I come dey regret why I go school. It will also interest you to know that Paul will soon complete his building project somewhere in Ikotun here in Lagos, he already has a small car, all through his LEGAL BUSINESS.

Although, I still disagree with Peter because I believe Education is the greatest asset anyone could achieve in life but imagine spending 9 years and still not getting your dream job. It is rather frustrating, abi? Meanwhile, Paul has made Peter one of his Managers at Idumota, still allowing him the option of looking for his ideal Job. Peter kept regretting why he went to school and that is the end of the Story.

Folks, do you agree with him? Common, let Debate on this because am going to publish the outcome in the dailies here in Nigeria. Do have fun. It is well with Nigeria……

Eddy
edward_onoshama@yahoo.com
Re: University Or Business? by kayceeyank: 10:08am On Oct 16, 2007
This is an interesting topic,I don't know if you will agree with me that no matter how big or successful Paul's business is without education is nothing.Education does not only consist of learning of your discipline but to have Universal knowledge.Peter on the other hand,being in University does not make one to be static,i think during the strike he can do somethings better to his life.Going to University sometimes helps to discover yourself and more
But i still believe there are some info or knowledge that cannot be obtain outside University .
Knowledge is Power
Re: University Or Business? by iceman75(m): 10:08am On Oct 16, 2007
eddy, i thank u cos' we all had it in mind.
I experienced almost the same situation. Education is the best legacy but the Naija don change the way we reason.
If u've got all the PHD and u cant provide necessary necessities, i wonder.
i think all parents should try and incline their kids towards productive thinking and not just sitting at home during holidays.
If 75% of our graduates end up doing something thats completely different from what they had in mind, what does this signal to aspiring kids.
i studied mechanical engineering, finished with 2.1 but couldn't get a job, ended up working for someone that built his conglomerate and later did part-time in conputer science just to be known as a GRADUATE. i'm still under him, who win? lets not compare with the western world or we fit mad. God help us.
Re: University Or Business? by Etin(f): 10:12am On Oct 16, 2007
Everyone has different abilities and education might be the only options for some and others could go either way and still make. It would appear to me that Peter would have excelled even if he went to school full time and graduated he would have been one of those enterprising students who had a business on the side. Paul on the other hand sounds like he is waiting for things to be handed to him, with such an enterprising brother why did he wait three years why didn't he just learn the ropes with his brother? My stand is that Paul is better off on the path he has taken as he doesn't appear to have the drive that is required to do business and most likely would have sucked at it.

University education is to broaden the mind in view of you being able to apply your mind to productive venture. If after a University education you still have to wait for three years expecting to be fed, then the University system has actually failed him as it looks like he has not been prepared for the real world.
Re: University Or Business? by Nobody: 10:37am On Oct 16, 2007
I believe nigerians as a whole have placed too much on formal tertiary education as a cure all for everything. people seem to assume that a university education will automatically confer common sense, decency, sophistication etal on the recipient.(yes i know-  off topic)

what is the purpose of an education?

at a minimum, to give you skills that will enable you to support yourself. the key word here is support.

in nigeria, though, people seem to be more interested in education for the 'status' it confers upon them.(a result of the issues raised in my first statement) why else do our politicians chase after honorary doctorate degrees that ultimately mean nothing? why do several of my former classmates ( i read engineering) rush to append 'engineer' to their names ( when they haven't been registered by coren?)



if high paying jobs were locally available without tertiary education as a requirement,  would nigerians be that intersted in school( which is what is happening in the west; some many teens/tweens are inclined towards entertainement  careers rather than schooling- if mtv is to be believed)

if you are certain that you already have  the skills required to be successful, then you do not need an university education per se. that , ultimately is what so many of us fail to realise about the successful drop outs of the west. Most of them dropped out by their own choice to start a business.

if however, you have made up your mind that you intend to spend a significant number of your adult years as an employee, then you need a university education - for the simple reason that degrees are the currency HR departments understand.

its kind of funny- i don't know what adenuga read, but I'm sure he didn't finish with a 2.1 or  a first, however, most glo ads demand  that prospective employess have 2.1s.
Re: University Or Business? by ibis: 10:38am On Oct 16, 2007
no matter how successful you have been in business, there is always this sort of "void"
its always there that you lack formal education. this void makes people in this category aspire
to marry educated wives/ send their children to the best schools. this they feel is their pride and boast about
these spouses/kids accomplishments to feel up their own void.

i look at it this way. education can give money but business can never give you education.
Re: University Or Business? by vigasimple(m): 10:39am On Oct 16, 2007
Academic education is one thing which some don't have the intellectual challenges for.

Trades/technical are other things- this is why technical colleges, polythecnics are established. So if you want to learn being a mechanic, a plumber, a builder you can even learn it and get a formal cerificate unlike learning from roadside mechanic. But you all will agree with me that most people do well even when they don't have formal education.

A lot of roadside mechanic are also competent after years of learing so there is nothing losts.

If anyone geniuenly have the abililty to follow formal eduacton they should, even if they think they don't they should try. There are a lot of benefits and mosts guy without formal education will not be able to see.

However, whatever degree/professorship you may have, try and get off your high heels/horses and have an enterpreneur mind/attitude, without geniue wealth, your PHD will not pay your bills and put food on your family table. Period.

So, in a nutshell I will advise whoever have educational inclination to spend some part time learning business/trade/wealth creation.

Whoever has enterprenuer inclination to spend part time learning formal education. That is the future. Without a formal education, it is a mental thing people feel inferior and made to feel inferior if your friends started to blow some big grammer or use some languages only
learn by people with formal education.

What this translate to is that both Peter and paul (like majority of Nigerians) are not carrying out periodical assessement of situations and the country Nigeria has messed up the educational system and devalue it and sometimes Graduates has put too much weight on a formal education and see it as an end in itself, if only I can have 1st class or 2:1 in this course I am made for life. nope, it is only one of the means to an end , not the end by itself.

We should all be studying enterprenuship or wealth creation/investment even if you are studing Chemistry or sciences.
Re: University Or Business? by PrinceT2: 10:50am On Oct 16, 2007
Eddy,Thanks for the topic.What makes Paul to excel is due to the fact that he discovered himself in time.While Peter never discovered himself.University and business goes hand in hand cos for you to excel more in your business there is need for formal and informal education.There is need for everyone to discover himself or herself in time to excel in life.
Re: University Or Business? by RichyBlacK(m): 10:54am On Oct 16, 2007
eddy2009:

UNIVERSITY OR BUSINESS, WHICH IS BETTER?

Once upon a time, in a far away from the atlantic ocean, There live two brothers Paul and Peter who are twin. [b]Paul was brighter of the two and hence excelling in the academics but Peter was more business-like and has eyes in genuine business [/b]and could easily add up sum with ease and therefore decided to go into business with the option of a part-time course in the long run. So Peter got admission into one of the federal University for a 4years course. After series of strikes, student unrest and politics, he finally graduated after 51/2 years, he waited another 6mths to proceed for the NYSC. He came back and has spent 31/2 years searching for his ideal Job. In all, he has spent 9yrs to get a suitable white-collar Job to no avail. for your information, he read a very good science –related course and came out with 2.2.

[b]Paul on the other hand, was able to repay the initial capital in his legal business and has since been sailing with success ,[/b]expanding and recruiting more hands to cope. He is now in his 2nd level in a business course here in LASU. He got married the year his other twin graduated and has a baby girl while his twin is still searching for job, last night, Peter called his brother and said” O boy, I come dey regret why I go school. It will also interest you to know that Paul will soon complete his building project somewhere in Ikotun here in Lagos, he already has a small car, all through his LEGAL BUSINESS.

Although, I still disagree with Peter because I believe Education is the greatest asset anyone could achieve in life but imagine spending 9 years and still not getting your dream job. It is rather frustrating, abi? Meanwhile, Paul has made Peter one of his Managers at Idumota, still allowing him the option of looking for his ideal Job. Peter kept regretting why he went to school and that is the end of the Story.

Folks, do you agree with him? Common, let Debate on this because am going to publish the outcome in the dailies here in Nigeria. Do have fun. It is well with Nigeria……

Eddy
edward_onoshama@yahoo.com


@eddy2009,
Can you modify the post to be more consistent? You interchanged Peter and Paul several times.
Re: University Or Business? by Nobody: 11:02am On Oct 16, 2007
yes i believe in what vigasimple said, It is good to be educated but what of in a situation that you are in a condition where you are not able to withstand the rigorousity of being educated. it is a shame that Nigerians have put too much hype  on education. wheareas in the western countries that started this hype, it is not taken as such. ''sometimes i use to feel that education was introduced to stop some people of getting to their presumed goal in life.

firstly we have to look at what being educated really means to us, i see educated as a means to an end and not actually the end itself, and i believe that why most of us go into education or a trade is to get a better living in the future. which can be achieved in other ways. and i believe those people that use education as a steriotype are people with low ego or self esteem.

what really matters is what and how you are fearing with what you have, i believe people like richard branson will never have been where they are right now if they have persisted in trying to get well educated.even when their doctors have pronounced them unfit to go along with reading.

mind you we are seeing the ouflow of newreed nigerians who have taken up what we can call their God given talent and they are really doing great with it.


thank you
Re: University Or Business? by Etin(f): 11:03am On Oct 16, 2007
Prince T:

Eddy,Thanks for the topic.What makes Paul to excel is due to the fact that he discovered himself in time.While [b]Peter never discovered himself.[/b]University and business goes hand in hand because for you to excel more in your business there is need for formal and informal education.There is need for everyone to discover himself or herself in time to excel in life.

Spot on
Re: University Or Business? by iceman75(m): 12:24pm On Oct 16, 2007
personally, i think the economy has a huge impact in our reasoning. do u know that in some places, graduates are regarded with esteem. if necessities are not expensive some people would want to live a quiet and noble life but that is impossible in Naija.
Consider this, would u rather be an illiterate rich man or an educated poor man.
Education gives u a bit of pride and broadens (or should broaden) ur ideas & iq, be it either formal or informal. the thing is for a sustainable economy we need professionals with managerial, technological and accounting skills, that is where formal education is inevitable.
Re: University Or Business? by Maxidoe(m): 12:36pm On Oct 16, 2007
Hello nairaland,please someone in the house help,how can i post a topic on nairaland,you can send me a mail at harryakon@hotmail.com,thanks in anticipation of a quick and positive response.
Re: University Or Business? by ow11(m): 1:08pm On Oct 16, 2007
iceman75:

personally, i think the economy has a huge impact in our reasoning. do u know that in some places, graduates are regarded with esteem. if necessities are not expensive some people would want to live a quiet and noble life but that is impossible in Naija.
Consider this, would u rather be an illiterate rich man or an educated poor man.
Education gives u a bit of pride and broadens (or should broaden) your ideas & iq, be it either formal or informal. the thing is for a sustainable economy we need professionals with managerial, technological and accounting skills, that is where formal education is inevitable.

I don't regard a graduate with esteem! is it the ones that paid their way through school or intimidated people for extra marks or open their legs for scores or have long necks bc of too much stretching during exams?

A secondary school leaver isn't Illiterate! our society hinges progress on degree acquired that is why there is gross cheating during exams and cultism because our schools are awashed with non entities who shouldn't be there. In organised societies, a basic education is necessary, then u can find your feet. if u love studying u go to the university else u find a job or start a business of your choice ( this includes musicians,sportsmen/women and even programmers)

Most of the jobs Nigerians do abroad are for sec. sch leavers and are basic knowledge. for example i don't think u need a degree to operate as a bank cashier. A simple 3- 6 month training in the bank should enable any good ss3 student handle such dealings.
Re: University Or Business? by funmeme(f): 1:19pm On Oct 16, 2007
DESTINY!

if Peter had done the same thing with Paul, he might fail at the end so that had nothing to do with Education i belief in one thing, it is not how far but how well.

Education is very very important. our prayer should just be that God should help ur to discover ourelf in life.
Re: University Or Business? by getwealthy(m): 1:26pm On Oct 16, 2007
Starting a business makes more sense to me presently compared to University Education, though I was not thinking this  way 4 years ago.

I prefer to be what is called an Illiterate in the Nigeria context " " and be wealthy so far I know how to get my information, think over it, plan, believe, take action and pray in the service or pursuit of solving others people problem


I believe no body can teach you how to create wealth or be educated. All it takes to achieve both are in you we only go to school to receive instruction or specialised knowledge and what you do with it after then is left to you and as for creating wealthy, take more risk learn from common sense and be determined to make it with also alot of persistence and optimism.

Readers are leaders it doesn't matter who is reading.   "Andy Ochumba"    08020394888
Re: University Or Business? by toba1909(m): 1:47pm On Oct 16, 2007
To me both have their impacts,Education leads to success and also a Business leads to success if properly managed. I think in starting a business,a little bit of education is needed in planning and viewing the foresight of the business. Education is good cause it expose you to all aspect of life, really there are a lot of difficulties faced during and after the course of being a student, but Education to me superceed anything.
In addition, we can't all go to school. Only God determines one's destiny. Lets not play with our Education,rest is sweet after labour.
Re: University Or Business? by hedgesfun(m): 2:26pm On Oct 16, 2007
Hello all Nairalanders Long time no see, I know this topic to be a very interesting one and I will like to just contribute my own quota to this here.
I know that the Nigerian mentality has actually changed the orientation our people has in this country but I must tell you that these things are things of the mind.
Naturally you don't have to believe that you mus look for job when you graduate as we have millions of even the wester people that still goes to school everyday and never have the mind of looking for job even after graduation thus I will not support that Business is better than University Education.
I am an undergraduate presently and I know for sure that I will never look for a job upon my graduation some of you may think I am from a well to do family well I tell you no I know what I had went trough in my life thus that is surely out of it I am currently trading forex and ding some other online business legitimately and to the Glory of GOD I am making it little by little the problem we have is just that we believe everything we do is all that is to life.
Many students believe that education is the best thing in life and thus will not be ready to open their mind to any other things in life except their schooling also some that are in business believe business and money is the only thing that is to life and thus are not ready to open their mind to any other thing that is why we have tyrants ruling us that is what gives people like an ordinary hairdresser(The Maddam) to playing upon the intelligence on milloins of Nigerians.
My Endpoint??
OPEN YOUR MIND AND KNOW WHAT IS GOING ON AROUND YOU GRADUATE ARE NOT SUPPOSE TO BE JOB SEEKER BUT JOB CREATOR THAT IS IT.

IF YOU WANT A FREE COMPREHENSIVE MANUAL ON HOW TO TRADE FOREX THEN PLEASE SEND ME UR EMAIL I WOULD HAVE LOVE TO UPLOAD IT HERE BUT ITS MORE THAN 200KB THE ATTACHMENT CAN HOLD YOU CAN CONTACT ME ON MY EMAIL: hedgesfun@gmail.com
ALSO IF YOU WANT SOME HELP ON E-BUSINESS, THEN YOU CAN CALL OR EMAIL ME 08037151485 I AM ALWAYS WILLING TO HELP GOD BLESS NIGERIA.
PEACE.
Re: University Or Business? by kolette(f): 2:57pm On Oct 16, 2007
ibis:



education can give money but business can never give you education.

I quite agree with you ibis, because if you want to find out or take statistics of most successful businessmen & women, you'll discover that they're educated. If Peter now ventures into any business he will definitely strive better. If education wasn't important, why did Paul take up a course in the university even after all his achievements?

Be wise, get yourselves a formal education and many other things can be added unto thee. grin
Re: University Or Business? by Seun(m): 3:58pm On Oct 16, 2007
if you want to find out or take statistics of most successful businessmen & women, you'll discover that they're educated.
The richest people in the world are educated, but many (if not most) of them don't have University degrees.
If you attend a good secondary school and pass your Maths and English exams well, aren't you educated?
Re: University Or Business? by pgm(m): 4:04pm On Oct 16, 2007
i can't agree more with the opinion of some peeps here.
Some misguided and sometimes insecure dudes think that without a university education one is

incomplete as a person. Till this very moment I'm yet to see a single thing I gained  in the university (knowledge, exposure and all) which i couldn't

have obtained without it if only I meant to. I mean i could have read informative and educative books as much as i did the handouts given us by the

lecturers.  I don't have to go to a university to be able to read and understand a newspaper nor do i need it in order to think analytically and/or logically,

nor to express myself coherently. And what's the nonsense about being unable to understand "big big grammar." Apart from the fact that the use of the

word grammar is wrong here, suffice it to say that good diction, articulacy, coherence, fluency and what have you in a language such as English

has just about nothing to do with the university but rather your efforts, determination, talents, inclinations, environment etc.



History is replete with instances where people excelled in various disciplines without the "benefit" of university education.

We also have people who failed, as it were, even with all that university education had to offer them. There are exceptions to all these. Wot Í'm saying is

that people find fulfillment and success with or without university education!








Lecturers r ppl who perform the magic of doing the easiest of things while appearing to do something very very very hard and indispensable[color=#990000][/color]
Re: University Or Business? by tkb417(m): 5:56pm On Oct 16, 2007
You dont have to get a degree before you can say ure educated.
If you're looking to making money and probably trading, then after your secondary edu, you can start off your biz and later on attend some courses to sharpen any rough edge.

The reasons why some of us are getting all the degrees might not cos of money per se. Ive always wanted to be business consultant, and always wanted to sit atop a multinational one day. I need all the business skills i can get to get der and i can only get dat in the classrooms and through learning on the job. the motivation is the dream i have, the money may come later.

So, what your dreams are will drive what you think is best. Both will be a fantastic combo. Get your degrees and get a biz sideways
Re: University Or Business? by presido1: 6:27pm On Oct 16, 2007
Education and business are good but in my opinion one must come before the other. If i were to choose which one should come first i will choose education cos that will give you a solid ground venturing into business. Peter might be lucky to excel in his business ventures but beleive me if it happens to be that he had that basic education his levels at the moment will definitely not be the same compared to when he has that basic knowledge about business.

Its true that in the western world bank cashiers are not graduates but they will not like to start as a cashier and retire as a cashier and to climb that carrier ladder he/she needs to attain some courses that is related to what he/she is doing. By so doing he is being educated on that field.

Those western drop outs as we call them that are multi billionires today will not employ a fellow drop out as his accountant or any key position in his empire rather he will look for qualified hands. They even give scholarships to bright students so that they will end up working for them after graduation.

Those how said that the Pen is mightier than the Sword were not joking.
Tony Blair cannot make a speach with saying EDUCATION EDUCATION EDUCATION why?cos he knows the importance.
Re: University Or Business? by velmaN(f): 8:18pm On Oct 16, 2007
This topic is very interesting and also an eye opener, because it make me think about what i will stress to the next generation, business or college first?
    If i was asked this question about 4 years ago i would have said college of course, but now, hummm, i know better. Let me ask you all 2 rhetorical questions: 1. Why did you go to school (earn a degree)?  2. Why venturing into business? 
I think we all do for some of these reasons and many more
a. To make money and to have money (no be the same o)
b. To have or maintain an important status in the society
c.  Ka ma se akobata fegbe(sorry couldn't figure that out in English)
d.  To be a force to be reckoned with in the society
e. To have a good life. etc
  Which ever route we wanna take to get all we want from life, hey, go ahead. Why we want whatever we want in life is the most important.
  After all said and done, being who we are and what we are (nigerians), some college degree will be good, not only in Nigeria o, every where (i think).
        Abeg if na part-time classes, evening classes, weekend classes make we do one. Even on line classes dey sef for rich fellas wey no fit sit don for inside class. remember it is not how far, but how well.

Ciao, see you on top.
Re: University Or Business? by subice(m): 10:10pm On Oct 16, 2007
I personally think education should come first. However, if you have an original business idea, then one should go for it and do the studying part time on the side. The education would give you a greater perspective and wider point of view to help improve your business later. People would point to the likes of Bill Gates but in those days, there were lots of things to be discovered and invented. Unless you're coming out with something of such impact, then make damn sure you get that degree certificate!
Re: University Or Business? by pheesayor(m): 12:20am On Oct 17, 2007
lack of entrepreneural studies in universities is what is killing graduates. I dont think one should search for a job for so long, if you know ur potential and know how to turn it into cash then there wont be problems. I'm a computer science undergraduate, gone half way already and dont know how to make money out of it.
Edcuation is the key, cos education will make a bigger business
Re: University Or Business? by MP007(m): 12:53am On Oct 17, 2007
duh! common sense, going to a university of course, u can always start a business at any point in time, who posted this sghjt
Re: University Or Business? by speedo(m): 6:14am On Oct 17, 2007
MP007:

duh! common sense, going to a university of course, u can always start a business at any point in time, who posted this sghjt
[/quot
MP007 link=topic=86132.msg1590504#msg1590504 date=1192578823:

duh! common sense, going to a university of course, u can always start a business at any point in time, who posted this sghjt

Question:Mr common sense,does bill gates have a university degree?
Re: University Or Business? by Nobody: 9:06am On Oct 17, 2007
speedo:

Question:Mr common sense,does bill gates have a university degree?


Pls ask him o cheesy
Re: University Or Business? by ow11(m): 9:09am On Oct 17, 2007
presido1:


Those how said that the Pen is mightier than the Sword were not joking.
Tony Blair cannot make a speach with saying EDUCATION EDUCATION EDUCATION why?because he knows the importance.

he was talking about basic education ''primary and secondary''. education is not a BSc! a well informed sec sch leaver is educated enough to be successful. most of the rich men today don't have degrees. they are educated enough to know what to do and employ specialists to run their business.

Even if u have a Phd in Economics, and have ur own business u would still need a specialist in other fields to make it run smoothly. So i don't think going to a university will add much to ur life if u plan to be a businessman. only those with dreams of being specialists should go.

people shouldn't conclude that education is attending a university. very soon peeps will start saying education is obtaining a Phd!
Re: University Or Business? by Nobody: 9:15am On Oct 17, 2007
what i believe is that an individual should know what he is able to do well. Its not everyone that can be a succuessful business man/woman. If you know you have a talent in dancing, singing, acting etc- develop yourself on those areas and you will make it, if its business you go for it. If you are like me that cant do anyone, then go to the classroom and study hard for your degree and pray seriously to make it in life.

Afterall the essence of business or degree is to become successful in life, abi?
Re: University Or Business? by Nobody: 9:24am On Oct 17, 2007
@ow11, you should know that in our Nigeria of Today, if you dont have a BSc then you wont be regarded as an educated fellow. As far as they are concerned that fellow is an illiterate. (Which is very bad tho)

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