This is one of the few areas of life where even a person with minimal formal education can win. David Geffen ( Geffen Records ), David Karp ( Tumblr ), Jerry Yang ( Yahoo ), Michael Dell ( Dell Computers ), and Kevin Rose ( Digg ) are examples of successful people who have become business geniuses without a degree.
The reality is that the most important lessons about the business must be learned outside of school. The secrets you need to succeed come through experience and those currently moving towards their goals… But it still doesn’t hurt to learn about the 10 best business schools in the world.
You can achieve greatness in the business world not based on what you know, but on what you do. The world is constantly changing and what worked yesterday will not work today. If you want to innovate, you must be prepared to break the rules and explore a whole new area.
One of the problems with the knowledge you get in business school is that when you graduate it will be outdated. Business schools are also criticized for the fact that many teachers in educational institutions do not have enough experience in the real world of business.
The truth is that successful work in the business for two years, most likely, will teach you more than two years spent in the MBA.
Keep in mind that you don’t have to get your hands dirty to get the most important lessons in business school. Plus, you study today’s successful entrepreneurs so you can understand what made them successful. Here are 8 Secrets You Won’t Learn in Business Schools.
1. It’s Okay To Release An Imperfect Product To The Market
Sounds dangerous enough, but launching a flawed product can be a smart move in today’s world. This is especially true for software products with which any delay can undermine the reputation in the market.
Customers have become more bug-tolerant in the first version of the product, and they are willing to forgive everything in order to get a chance to become a first user.
Launching early not only means you start making money earlier, but you also get customers to test the product for free – you can use feedback to create something big.
2. Use Morning Rituals To Increase Productivity
What you do before you go to work can have a huge impact on the rest of your day. Starting your day off on the wrong foot can ruin everything.
Morning rituals allow you to take control of the day in the morning, and a few minutes of effort can lead to hours of productivity. Examples of morning rituals include meditation, yoga, and aerobics.
It’s also important to start the day with a nutritious breakfast. This activity is just as important as anything you do on your way to the office because if you don’t have good mental and physical health, you will be less efficient.
3. Connections Can Be More Important Than Qualifications
It may sound unfair, but knowing the right people can open more doors than qualifications. It’s human nature – people prefer to work with those they know well, rather than strangers.
If you can build relationships with successful people in your industry, these people will provide advice, support, and knowledge in your area of interest. Of course, you don’t need to use people, you need to be friendly and invest time and energy in friendships. You should also be prepared to help people in your social circle.
4. Failure Is A Part Of The Path
One fear that employers and potential investors may have if you’re a new face from business school is that you don’t have enough experience with failure. It is very important to demonstrate the ability to manage the situation when things go wrong.
To achieve great goals, you usually have to overcome many setbacks along the way. If you don’t have the perseverance to keep moving forward when life becomes volatile, then you are unlikely to shine and will be able to achieve your goals.
5. Developing A Business Plan Should Not Be A Priority
Top entrepreneurs including Bill Gates and Steve Jobs have managed to build companies without the help of a business plan. There are certain advantages to this documentation – the business plan provides an action plan, and when available, it is usually easier to get an investment.
The business school drummed into students the importance of having this document, which takes a lot of time and energy to create. If you have an important reason for writing it, write. You might be able to spend time more productively elsewhere by focusing on your new business.
6. Succeed In The Business Environment Through Adaption
The business world is dynamic and constantly changing, and you need to adapt in order to survive. There are no hard and fast rules in this environment, and if you insist on what is “ right, ” you are more likely to be swept away by your competitors.
Even if you have found a winning formula that propels a business to great success, you must be prepared to adapt that formula to a changing environment. Sun Microsystems, Sears, Motorola, and Kodak are examples of powerful companies that have fallen out of favor and are suffering the consequences.
7. Be Willing To Do Things Other People Are Not Ready To Do
Why do many people fail to achieve their dreams? Due to the unwillingness to invest the necessary efforts to achieve the set goals. You have to be prepared to live outside of your comfort zone, most people are simply not ready for this.
It means a willingness to do whatever it takes to make your goals a reality. To be successful, you need to work harder than others, and you will most likely have to sacrifice your personal life.
8. Listen To Your Intuition
Steve Jobs is just one example of a successful entrepreneur who relied on intuition. There will be times when you are faced with a choice, but the right path to take is still unclear. In such cases, the intuition that can guide is the best solution.
There may be a case when everyone else wants to go one way, but your heart tells you that this will be the wrong decision. It takes courage to follow your intuition, but the rewards can be great.
The ability to listen to intuition needs to be developed, and it is important to be able to distinguish between the inner voice and the inner ego