Should I drop out of college and use the money to fund my business?
I am currently enrolled as a freshman at a university in Louisville. I have a business plan for a mall-based retail shop. There are two other investors; they would both put up approximately 25% each. I would put up 50%. (One would be a silent partner, while the other would be active.) If I were to put my studies on hold after the spring semester, the money from my educational fund, in addition to some money from a trust fund, would be enough to cover anticipated costs. When I've talked to business owners, the response has been mixed. Those who graduated from college say it's absolutely essential. Those who dropped out or didn't go say that a college diploma doesn't mean much when you're working for yourself. The other investors (one of whom graduated college, while the other dropped out of culinary school) say that because the business is my idea and I would be majority owner, it's up to me. However, the active partner has alluded to the fact that he wouldn't mind getting the business up and running as soon as possible...I could always return to school if the business failed. Opinions?