CEO Today Magazine March 2018 Edition

FROM DROPOUT TO BILLIONAIRE IS GRADUATING ESSENTIAL? In today’s world, it is a widely held opinion that graduating from university holds immeasurable importance – but there are many alternate methods, going as far as dropping out to focus on entrepreneurial pursuits which have led to cases of great success. We heard from five entrepreneurs and those in positions of leadership who shed light on their view of differing educational backgrounds and their impact. First on the topic are Simon Crowther, Director of Flood Protection Solutions Ltd. and Joseph Valente, CEO of ImpraGas, who have been both featured in Forbes’ 30 Under 30 list. Speaking from their different perspectives, Simon Crowther begins: “Over the past five years, being an entrepreneur has become fashionable, and coupled with universities having tough press with the fee increases; starting a business has never been more attractive for students. Starting a business is an incredibly exciting time, you are your own boss and can follow your passion. I set up my business Flood Protection Solutions Ltd in October 2012, having started a Civil Engineering degree in the month prior. I ran the business part time alongside university, and after graduation, went into the business full time. I realise that this is very unusual, but university is incredibly valuable, both for academic and personal development reasons. I am very proud that I completed my degree, and for me, dropping out was never an option. Individuals could complete their degree, and then launch their business if doing both is not viable. Within any industry, credibility is key to success. In flood defence, credibility is essential because flooding is unpredictable and very hard to manage. As a young entrepreneur, getting the credibility and respect required is very difficult. I found that my degree was a huge help to improving my credibility and has allowed me to expand the business into other areas, including flood consultancy. Without my degree I am sure I would not be invited to speak at as many conferences or be as well respected. My degree has certainly helped with the business growth, and as such I am a supporter of attending university. Whilst I appreciate that university is not for everyone, it is still possible to set up a business after University, with extra credibility under your belt. According to Bloomberg, 8 out of 10 entrepreneurs who set up in business fail in the first 18 months. If you are not part of the fortunate 20%, you will still be more employable with a degree than without.” SIMON CROWTHER