First of all, Personal experience is essential for obtaining indelible knowledge. For instance, in an early age the teacher would teach about animals. Is it gives sufficient knowledge for children? No, it does not. When teachers will take them in to the zoo and explain about those animals, they never forget that information. This is one type of personal experience. Which knowledge have gotten by personal experience, it will be never loss.
Second, the relationship among the people as well as friendship values is not taught by teachers in the classroom. Those relationships have known only by personal experience. Further, the young age person do not realise about money value. The same person should know about money value while he starts earning of money.
Finally, sometimes a new technology and new things were discovered by personal experience but not classroom knowledge. For instance, today’s popular phone was discovered by Alexander graham bell. It was discovered by accidently but not part of an educational research. Today, various popular technologies and things also discovered from their real life.
In conclusion, the illiterate persons also can maintain different business successfully using their personal life experience. Unfortunately, an erudite people also will fail in business because lake of experience. So I strongly believe that “Not all learning takes place in the classroom." Because, if we have only classroom knowledge; today, we do not have any TV, computers, and other technologies. We surely obtain more knowledge from personal life than classroom knowledge.