Would you go to college if you were doing this?
I know some guy in my school who's 17 and he's making about $45k from an online business. If you were him, would you go to college? It DOES NOT have the potential to grow much.
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it's not all about the size you know
.. yeah, I'd go and keep up the business in college.
Yeah, aside from the social and business advantages of a degree, I like the actual pursuit of intellect. This kid can study whatever they want!
Used to have a similar business, made more top line but w/ greater opex. Lasted for a short 3 years (soph-senior year of high school) and then crashed. Hard.
Thing about the internet is that it's in a constant flux. You're at the mercy of Google, Yahoo, or whateverthefuck blog is linking you. Once that stops, the money stops and you're back to delivering pizzas. For this reason alone (even if you're getting straight C's while running your business), it's beneficial to go to college.
Unless you make Instagram or something - then yeah, ball out.
The problem with college is that it's filled with children. I was absolutely shocked at the type of immature, spoiled shits I had to deal with in my classes and that even managed to permeate my social circles once I made it past high school. Many kids go to college to extend high school for 4 years.
Someone with the brains and nuts to start his own business and run it effectively would be hard pressed to start undergrad and actually gain something from the first 1.5-2 years. That said, if he could put up with it, he should go. I would - it's worth the intellectual gain.
depends on the business. If its risky, go to college.
if not, and it has growth opportunities, you'll be 300k ahead of your friends when they graduate.
Depends on two inputs: 1.) the complexity of the online business and 2.) the college he would be going to. If his business is some elegantly coded application, he's got the right programming track record (can actually add value to a team), and he's only passing up a mid-tier school at best, I would strongly consider joining a decent startup that has already raised a couple venture rounds. College will always be there if he wants to go back later.
On the other hand, if it's just some very well-scaled advertising loophole (ie. an unsophisticated site) and/or he's passing up a top-tier school, then I would probably just try to keep the business up as a side venture while pursuing a degree.
Its nothing special. Its just a survey site he runs. Whenever the members do a survey, the advertisers/cpa's pay him a certain amount. He pays the members 80% of this and keep the rest for himself.
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