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entrepreneurship after 18 or after getting a degree(If i have a great idea) ?

I am 18 and a half , i have a real good Idea which is even appreciated by some of my friends to whom i presented or talked about my Idea.

I have planned everything about it except marketing strategy.
And i also dont have good communication skills but my Idea can earn real good!!

I can hire a manager who has to deal with the target audience and other works related to my program , and i can get help from marketing consultants for marketing.

BUT if in case if flops what will happen to my career ?
and if gets a success i will never really need to get a degree

currently i was planning to get a degree in Hospitality management

whats should i do ? degree or entrepreneurship ?
Thank you

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About Richard Butler

Richard Butler has been marketing online since 1993. As well as having generated "affiliate" income, he also provides "done for you" solutions for small business owners & entrepreneurs: and has his only Web Hosting solution: He has also used his online skills in his Real Estate Investing business, where he is well known as the "video marketing" expert.

4 Responses to “entrepreneurship after 18 or after getting a degree(If i have a great idea) ?”

  1. Luke December 24, 2013 at 3:06 pm #

    You can always apply to university after the age of 18, if you try with your idea and it doesn’t work out then you’ll always be able to university still; if anything it’ll be good life experience. I’m interested to know how you’re planning on funding this ect. My major is in Economics so if you want me to go run over your proposed business plan I’m more than willing to; you don’t have to disclose the information of your idea at all, I’m just willing to help. Drop your email or something if you’re interested!

  2. Bill December 24, 2013 at 4:05 pm #

    99% of “Good Ideas” never become successful so don’t put all of you hopes on this one project. Real Entrepreneurs fail more times than succeed so don’t get discouraged if your first idea fails. Don’t go into great debt trying to make it work. Good Luck

  3. Spudbucket December 24, 2013 at 4:42 pm #

    This is where you fail before you begin.

    “I have planned everything about it except marketing strategy.
    And i also dont have good communication skills but my Idea can earn real good!!”

    Asking your friends what they think is not a good indicator of the potential market of a product or idea. Without proper market research no-one, not even a seasoned businessman, can predict that an “idea will sell good”.

    Have you any idea how much it will cost to have someone do the market research for you? Good market research is done over a period of at least 3 months, not 3 days. Can you afford to pay someone’s wages for 5 days a week for 3 months? What happens if they tell you the idea isn’t going to work? Do you accept their advice or waste your time and money on a possibly unscrupulous researcher who will take your money and watch the idea flop any way? Because they will see you coming.

    No investor is going to be interested in your idea until the market research has been done and the results produced in writing, with supporting statistics and relevant information, so it’s no good thinking along those lines either.

    I`m not trying to knock the wind out from under your wings, simply pointing out the pitfalls of the direction you seem to want to take this.

    If you want to be an entrepreneur, take a degree in Business & Marketing.

  4. xxgq December 24, 2013 at 5:39 pm #

    If you have a great idea and do not have a great amount of money you better become an expert at marketing. Great ideas with out marketing fail everyday.

    I would encourage you to get some education and work on a business on the side, some of the greatest business ideas started from a great young adult working hard at a job, or in school and spending his spare time marketing and building his idea.
    If your business grows you can always put your education aside and work your business. If your business fails and you have to start over in education it will be harder to start again.

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