[Ray Of Light]

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The reality is that different people have different skills and market demand for those skills.

For example, if a person is talented enough to be a successful professional then it's probably optimal for that person to complete his studies.

However, for someone that is not smart or capable to succeed in a traditional environment, and can't obtain a relatively high paying professional position, then starting his own business might be optimal.

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So in your opinion, jobs are likely the most optimal decision for people who are smart; and businesses are optimal for people who are not smart? That reads to me like a backhanded swipe at the intellegance of anyone choosing a business over a conventional job...

In 2002, 64 percent of the owners of respondent firms had at least some college education at the time they started or acquired ownership in their business; 23 percent had a bachelor's degree; and 17 percent had a graduate degree. A bachelor's degree was the highest college degree completed by over 20 percent of all owners of both employer firms and nonemployer firms.

Among business owners with a graduate degree, nearly 56 percent of the majority interest owners of employer firms held a Master's, Doctorate or Professional Degree, compared to 72 percent of the majority interest owners of nonemployer firms.

Just under 1-in-4 of all owners of employer firms had a high school education or less, compared to 28 percent of the owners of nonemployer firms... U.S Census Bureau 2002

... What you have done is confuse book smarts with leadership skills. For you see, starting a business and making it successful has nothing to do with someones books smarts (therefore whether they have a lot of traditional learning or very little tradtitional education has little or no bearing on whether or not a business career is an ideal career choice for them). You don't need to be knowledgable about a business product/model to sell it profitably... thats what you hire your employees for.

Running a successful business is about having leadership skills, rock solid confidence in your business model, having a well tuned social IQ and finally having enough gamble in your heart to be able to take calculated risks for big long term rewards.

Of course some businesses fail... everything in life, personal or profesional, is a risk... why should starting a business be any different? The risk of failure will always be one of the risks you take when you take up the game of entreprunership... however the rewards far outweigh it.