The September 2014 issue of Inc. magazine showcases the nation's 500 fastest-growing companies and features an interview with Wendy Torrance, director of entrepreneurship at the Kauffman Foundation, about why entrepreneurs need to continue learning to continue growing their businesses.
Torrance — who leads the Kauffman Founders School, the Foundation's online educational resource for entrepreneurs — says that for most entrepreneurs, building and sustaining a business involves constant learning.
Read an excerpt from the interview below.
Should Founders Go Back to School?
Q: Why bother with school? Inc. 500 company owners run successful businesses.
A: Well, even the most successful business founders have knowledge gaps in areas such as sales or finance. Those gaps can hinder the growth of their business.
It also helps to know something about marketing, for example, if you're looking for a chief marketing officer. That's where the classroom can help.
Noam Wasserman of the Harvard Business School likes to point out that a good teacher or mentor can help you learn things you don't know you need, but that you may need in the future. That's lost on some people.
Read the entire interview at Inc.com