Building Capital vs. Mind

[jb15]

Out of the income an entrepreneur has, how much should be devoted to educational materials (books, etc) and how much should be devoted to savings/capital?

Of course there's nothing more important than developing your most important asset: your mind. But on the other hand, you've got to have capital to start your venture.

50-50? 30-70? What have you found to work for you?

[DigitalPalette]

What leads you to believe that the knowledge you can absorb or comprehend has any correlation to the amount of your funds spent on it?

I think after a certain threshold its all going to be about the same. Say you pick two average sixth graders who scored the exact same on the exact same test and spent $50 on ones education and then $50000 on the others. That is like saying the $50 one is going to automatically develop less because of the money amont spent on them.

[daveb1]

I think most entrepreneur's will just invest everything they have in whatever projects they are enthralled by and learn on the fly. Most entrepreneurs I think you find are hands on more then sit in a classroom. Building businesses takes risk and lots of field work something hard to extract from education. In the field of business real world experiences holds a tremendous amount of clout unless you are lucky enough to find a generous and highly skilled mentor willing to train you in a craft or connect you with the right business extensions/outlets.