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    3 Replies Latest reply on Jul 28, 2014 7:14 PM by proegg

    Don’t go back to school!  Start a business - You know you want to.

    proegg Adventurer

      Thousands of students have learned the unpleasant lesson that the college degrees they paid for do not always guarantee a steady job, or a job at all. “In response, many have opted for grad school to give their status, pay, and job security a bump,” says David Koeppel of Fortune magazine.


      We all know people who went back to school after graduating. Are they now better off? Was this wise? Let us delve further. 


      If you had to spend another $100k + for another degree, would this put you in debt? Maybe it will or maybe it won’t. If it won’t, will the extra degree guarantee a better job, or a job at all? Maybe it will or maybe it won’t? If it does, consider yourself lucky, you’re one of the few, the minority.


      The truth is, spending money on another degree won’t guarantee a better job, or job at all! One thing it will guarantee is, more debt. And on the flip side, you may miss out on real world experience. Damon D’Amore, founder of, says “And at the end of the day, a lot of college graduates want to do be a part of the new innovation economy.  For those who don’t have a technical background but still want to be entrepreneurs, there are a lot of great options to find and run a business.”


      So, save the money and do something else. Here’s an idea! Why not invest in something tangible? A business is a good start, or even better, a franchise. Why a franchise?


      By starting a business but investing in a franchise, you minimize “start up” risk. A franchise helps to alleviate some of the pains when starting a business by providing you all necessary training and support. New, low cost franchise opportunities like ‘Professor Egghead” make it hard not to consider franchise opportunities. “To invest $30-$40k for something tangible and become your own boss versus spending $100-$200k for an MBA with no guarantee, is an easy decision”, say’s Rick Wetzel, founder of Wetzel’s pretzels.


      Gary Tuch, co-founder of Professor Egghead Science Academy, a children’s franchise that promotes STEM education says, “We’re not only offering business opportunities, we’re offering positive opportunities for those that want to promote STEM education to future innovators, entrepreneurs, and leaders. Our business has a feel good aspect to it, and that’s important for today’s generation looking to also make a difference in society.”


      From graduate students to adults, franchising is for all ages. According to the Bureau of Labor Statistics, fewer then half US adults are now working full time. For many reasons including an unstable economy, adults over 40 are now heading back to the college campus as well. According to the National Center for Educations Statistics, in 2000 there were 857,000 undergraduates 40 and older, by 2010, they numbered 1.3 million.


      “With no guarantee of a reward of a great job and student loan debt that can be $40,000-$50,000 or more, is the payoff worth the investment?” Asks Sheryl Nance – Nash, a contributor for Forbes.


      Investing in a Franchise or starting your own business is not for everyone, but if you’re going back to school, think twice, consider all your options.

        • Re: Don’t go back to school!  Start a business - You know you want to.
          jaynorth Tracker

          Well its true that degree doesn't help anyone to get thorough view of the market. But yes working to gain market experience is a better idea. That is why many students or freshers opt for internship, through which one get to see the actual trend of market & channelize themselves with their experiences to bettering off their businesses.

          • Re: Don’t go back to school!  Start a business - You know you want to.
            Moderator Rebecca Guide

            Thank you for sharing this informative article, proegg!  You definitely have made some salient points for alternatives to the college grad who is having trouble finding the right career path, and hoping an advanced degree might make a difference.  I also agree with jaynorth that working to gain market experience is a great idea. There is no better place to start than being your own boss,  whether that be starting your own small business with a unique niche or investing in a proven concept such as a franchise.  In your opinion, what franchises do you think have the greatest potential for recent graduates that might be interested?  I am looking forward to hearing the replies from our members on this subject.  




              • Re: Don’t go back to school!  Start a business - You know you want to.
                proegg Adventurer

                Hi Rebecca,


                Great question!


                In general, restaurant chains come to mind when people think about franchising. However, there are many different industries for potential franchise entrepreneurs to investigate. Everything from dog walking to hotel chain opportunities are available to those who are qualified.


                In particular, home based, low cost franchisees - like Professor Egghead Science Academy - can be great we recent grads. The main reason is considered to be an easy way to start a business as they may provide a low barrier for entry into entrepreneurship. While this franchise offers science and engineering programs from kids, there are ton of other home based businesses in the tech, food and beverage, education, service, health care industries.


                Point being is a recent grad can look for a home based franchise to get started. Franchises that require you to buy and build out a storefront can be very expensive and time consuming.


                I hope that helps!