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There are two types of entrepreneurs. The first type is the entrepreneur who does not have a formal business education. People in this type tend to run the business based on instinct and personal experience over many years in business. Usually the mindset of this entrepreneur type is less advanced (if you do not want to say retarded), because of their knowledge of the business is very limited. Because of that, their business usually stays on a local level, and only useful to support his family. They are not minded to run a business in order to remain a lasting, timeless brand even though they are dead.

The second type of entrepreneur is an entrepreneur who ever attended business education. People in this type not only using their instinct and personal experience to run business; they also applied business knowledge he had learned in school. Their mindset is developed, they have to understand and know all aspects of business operations support, so that their expectation is global business. Even if not capable going to the global level, at least they implement business planning patterns that lead to global market levels.

Their developed mindset in this second type of entrepreneur is because they are trained to constantly analyze the business case when they are in the class. When they was a student, they've made a lot of interesting business-themed essay writing. Because they are often to analyze and open literature, then by itself habits will carry over when they run their business.

Indeed, not everyone in the first type have successful business at the local level only. Many examples of people who are not have formal education to be able to grow their business globally. But the numbers of people like this are very small, and the luck factor tends to be more audible than his effort factor. Smart businessman will always take a little time for formal business education in order to develop their mindset. Besides, he can know the trend of business operations at all times.