The Value of an Education - is it a startup asset?

Q: I’m working on my business plan and loan documents. Someone told me I can list the value of my education as an asset in my personal financial statement. How do I do this?
A: While your education certainly has value to you in your practice, this number can’t be calculated.

What’s the “value” of an education? Is it the equal of the student loan balance, or is it the lifetime earning power of the individual? It really can’t be quantified, and bankers/lenders need to be able to put numbers to everything in order to process a loan request.

Attempting to list your education as an “asset” signals your ignorance of basic business concepts and may cause your lender to look less favorably on your business acumen.

For more information on financing your startup, read Planning for Practice Success (available on Amazon and on my website (www.dcpracticesuccess.com).