Some young people are contemplating bypassing college altogether and simply going straight to starting a business. After all, that's What Bill Gates and Mark Zuckerberg did before building their Microsoft and Facebook empires, respectively. However, there are a few things to consider before engaging in business transactions as an entrepreneur in California without finishing college.
The average college student graduates with more than $30,000 in loans. In the same way, starting a business requires taking out loans. Either way, a person will likely have to be prepared to get into some debt in order to achieve their university or entrepreneurial goals. Some jobs, such as those of lawyers, obviously require post-secondary education, so skipping college is not an option for people pursuing these positions. However, an aspiring baker may do better to take out a business loan rather than a student loan.