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Why Can’t Formal Education System Turn Out Incredible Entrepreneurs?

Why Can’t Formal Education System Turn Out Incredible Entrepreneurs?

Formal Education Does Not Reward For Putting Square Pegs In Round Holes

One thing that Oprah Winfrey, Mark Zuckerberg, Bill Gates and Steve Jobs do not have in common is majoring in Entrepreneurism.  Perhaps if they did they all would have stuck around school a bit longer but unfortunately as hard as they tried they were not exactly known for their college GPAs.

Today this motley crew are famous billionaires but in their school days they had one other thing in common–they were all college dropouts.  While all exceptionally bright individuals they each felt like it wasn’t a good fit and that they could do better.  They each knew that something wasn’t quite right about school then had their “ah ha” moment and then the rest is history.

That “ah ha” moment is the creative spark that that transcends the formal education system and separates the dispassionate from the disruptors.  The dispassionate are the well intentioned individuals who are promised the age-old “work hard, get good grades, and you’ll be a success.”  While many follow this traditional path it’s not for everyone.  The disruptors are the ones that stick out from the crowd, the ones that go against the grain.

The paradox of the situation is that while the formal education system does provide a solid foundation to increase your chances of career success it mainly teaches you how to play by the rules versus questioning the rules.  The entrepreneur is the one who not only questions the rules, he breaks, reinvents and then breaks the rules again.

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In fact it was Jobs who famously said at the Stanford Class of 2005 commencement:

“Here’s to the crazy ones, the misfits, the rebels, the troublemakers, the round pegs in the square holes… the ones who see things differently — they’re not fond of rules… You can quote them, disagree with them, glorify or vilify them, but the only thing you can’t do is ignore them because they change things… they push the human race forward, and while some may see them as the crazy ones, we see genius, because the ones who are crazy enough to think that they can change the world, are the ones who do.”

The Numbers Are Against You

According to the Department of Education only 6 percent more Americans with college degrees are employed than those without a degree. In its most recent survey on college pricing the College Board reports that a “moderate” college budget for an in-state public college for the most recent academic year averaged $23,410 while a “moderate” budget at a private college averaged $46,272.  In other words the average American should expect to pay over $46,000 for a 6 percent more likelihood of getting a job offer.

In the Real World Failing Is Winning

The ability to be okay with failure is frowned upon in the formal education system.  Failure equals bad grades equals slim job prospects.  An entrepreneur mindset however is quite a different breed where failure is not only tolerated but its the norm.  The secret to failing is to learn from your mistake and pivot into a better solution the next time.  Entrepreneurs aren’t graded my multiple choice standardized tests or essays but the ability to come up and execute on a product or service that people actually want.

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Unlike the formal education system there is no one right or wrong answer.  In fact sometimes there are no correct answers forcing you to rethink your business which is known as pivoting.  Pivoting is the opportunity to regroup and come up with a better way of doing things.  Its the growth mindset that there is no right or wrong answer but an abundance of opportunity to try something new.

Great entrepreneurs like Thomas Edison knew this well.  As an inventor, Edison made 1,000 unsuccessful attempts at inventing the light bulb. When a reporter asked, “How did it feel to fail 1,000 times?” Edison replied, “I didn’t fail 1,000 times. The light bulb was an invention with 1,000 steps.”

Success In School Is Not A Predictor of Future Accomplishment

Being top of your class doesn’t mean that you will be an successful entrepreneur.  It only means that you learned to how to play by the rules and think inside the box better than your peers.  Meanwhile drop-outs like Zuckerberg and Jobs are failing every other day but then again their goal was not a 4.0 GPA–it was a successful and profitable business.

Human imagination is not something that can be caged or bounded by the formal education system yet many students leave school with a scarcity mindset.  This mindset tells them to get as big of a slice as possible from the finite pie of success.  What many don’t learn in school is the concept of abundance where success not just one big pie but an ever expanding pie.

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In other words instead of twenty people fighting for ten slices its twenty people collaborating together to figure out ideas to grow the market instead of trying to horde the market.  Steve Jobs didn’t try to build a better PC, he decided to build a better experience.  An experience that led to the iPod, iPhone and the iPad.  Steve baked a new pie.

How to Bust Out of the Formal System and Become An Idea Machine

In summary the formal education system is like a primordial mix of amazing life possibilities that are trapped in a lab.  The budding entrepreneur doesn’t need to learn how to cram information but rather how to combine information in new and creative ways.  The best way to do this is to become an idea machine.

An idea machine is a concept where you come up with ten different ideas a day, every day of the week.  If you’re a writer then write a list of ten ideas for a blog post, or if you’re in the landscaping business write a list of ten ideas that you could offer to new homeowners as a service to prepare for winter.  Next to each of these list items write what the next step is going to be to execute on that idea.  Not the entire solution just the very next step.

This will get your creative juices flowing to the point where you not only have creative entrepreneurial ideas but you also are forcing yourself to think outside of the box and even providing the first baby-step into action on that item.

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Entrepreneurship isn’t about theory or great ideas–its about execution, failing, drying your tears, failing some more then trying it over and over again until you succeed.  Go ahead, think outside of the box and become an idea machine that breaks the mold.

Featured photo credit: albumarium.com via albumarium.com

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Last Updated on January 14, 2019

The Key to Finding Job Satisfaction and Having a Successful Career

The Key to Finding Job Satisfaction and Having a Successful Career

Regardless of whether you hold an entry-level administration role or regularly travel to the ends of the Earth as a hot-shot senior executive, you can still find yourself harboring an emptiness… a feeling that something is missing. A popular assumption that experiencing job satisfaction and a successful career should be underpinned by a well-rounded suite of tangible benefits, no longer holds true for many of us.

We’d never deny health care benefits, appropriate and fair remuneration, bonuses and travel perks in a job package. However, even if served to us on a silver platter, those features can only satiate us to a certain point.

You might wonder what governs entrepreneurs and start-up business owners to quit their lucrative jobs, essentially look the gift horse in the mouth and kiss such benefits goodbye! There can be an irresistible pull to mastermind a business with products and/or services that serve the greater good of community wider than that constituting their daily existence.

Even with research showing entrepreneurship to pose greater threats to their mental and physical health, this unique breed of individuals choose to go against the grain in chasing their dreams of being their own boss. Why? Why would anyone risk this type of career suicide?

Whether you’re an employee, have recently taken the leap to being a business owner or been in business for a while, the commonality is a congenital condition we all share as human beings; to feel a sense of purpose, value and contribution to our community. Despite it being harder to find this for ourselves in today’s world, these approaches will help you achieve ultimate satisfaction through the twists, turns and joyrides that are essential features of shaping a successful career.

1. Search for Opportunities That Feed Your Passion, Not Temporary Excitement

Even though well-intended, the ‘feel good now’ compass that career coaches and consultants often recommend you use to create career satisfaction can actually do you more harm than good. Excitement is transient. It doesn’t last. Passion is the compass you need.

Passion and excitement are two different things. The resounding career legacy that still draws you to turn up on the job regardless of the sunshine or storm that awaits you…that’s passion. It’s like a mental and/or emotional itch you can’t shrug off. Staying attuned to that calling will breed success for you sooner or later. Patience is key.

You’re also likely to have more than one key passion. Beware of getting caught in the notion you have to find your one true purpose. In fact, run immediately from any coach who tells you there is only one. There isn’t.

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Your passion is a journey that can take multiple forms so forget thinking there is the single dream job out there that will give you satisfaction in every way you can imagine. It simply doesn’t exist.

Consider embracing different roles and projects to help you fuel your passion or fuel your pursuits in finding it. Job satisfaction and your career success will be all the more sweeter from a wider range of enriching experiences.

2. Don’t Position Job and Career Satisfaction Assessments as Pivotal Guides to Your Success

Despite their popular use for vocational guidance, assessment tools such as Gallup’s Clifton Strengths and the Myers Briggs Type Indicator have come under fire[1] as being limited to the amount of true value and direction they can offer partakers.[2] These and many other guidance assessment tools (e.g. VIA Character Strengths , DISC ) are self-report questionnaires that don’t have normative population data against which to compare your results.

Simply remember these tools help you develop a stronger sense of what you identify as strengths and weaknesses within yourself, not in comparison with other people. They will still add insight around what sorts of career opportunities, tasks and projects are going to light your fire, what ones are going to extinguish it and what will prod and keep the coals steadily smoldering.

3. Be Clear on Your Personal Values, Ethics and Principles and Choose Relationships That Support You Honoring Them

Teamwork, collaboration, open communication and trust are commonplace for any flourishing work environment. However, whether or not your personal values can be honored in your work can make or break your job satisfaction.

How committed do you want to be to an organization that expects an average of 10 unpaid overtime hours every week under the guise of ‘reasonable overtime’? Are you willing to accept their construing this expectation as ‘strong commitment’ at the expense of your partner and children waiting at home for you? What are your boundaries concerning when you clock on to their time and when you clock off to yours?

Being very in tune with what your personal values, principles and ethics are will bid you well in the job satisfaction stakes. Spending time to reflect on experiences and working relationships you’ve had – the good, the bad and the ugly – will help you make well-informed searches and grounded decisions that will propel your career success.

Finding and nurturing relationships with associates and colleagues who share similar values doesn’t just make your day-to-day pursuits more enjoyable. You become fortunate to work with like-minded people who will support, understand and appreciate you like a second family.

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Being able to honor your personal values in your work means you will still be able to sleep at night when you have to tread where others fear to, and make extremely difficult decisions others would never ever dream of having to make as you forge success in your career.

4. Be Clear on Your Own Definition of What Having a Successful Career Means for You

It’s tempting to get caught up in the ideals and projections of success expressed by those we love, admire and respect. Underneath, we all want on some level to belong to a successful club of some sort.

With research reporting how much money we feel we need to be truly happy,[3] many of us try to subscribe to the notion that having the car of our dreams or taking a European holiday annually will not bring us happiness. The truth, however, for many of us is these tangible rewards are congratulatory reminders of our persistent efforts to chase our career pursuits.

If those are things you aspire to, don’t let anyone steal your desire and want to feel deserving of these things, that those are some parameters by which you define your career success.

Despite consistently being the top revenue earner for two years running, you may not wish to become the sales manager. You may not wish to step out into running your own business even though you consistently excel as an employee, delighting clients and repeatedly receiving glowing testimonials.

Your definition of career success might be enjoying the predictability of a regular workplace routine. You get to leave – without feeling guilty – at the same time each day, love the people you work with and get to spend a good, uninterrupted amount of work-stress free quality time with your family. That picture is also blissful job satisfaction and complete career success.

5. Identify the Sorts of Challenges and Problems You Want to Learn to Overcome

Standard advice you might receive from a career coach might be to look for opportunities where you get to capitalize on exercising your strengths and career-related activities you enjoy.

However, to become a success at anything involves improvement. To excel at anything often involves stepping outside boundaries and comfort zones where others wouldn’t. This means dedicating focus and attention to things you’re not so good at and things you don’t like.

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Here’s where working with a coach can be particularly helpful. Map out the experiences that were unsavory in your working history. Were there challenges you opted out of, projects you failed at or toxic relationships that blasted your sense of purpose and self-worth into oblivion? It’s within these experiences that you might just find the most valuable lessons and guiding lights for your trajectory to achieve greater job satisfaction.

If your natural leadership style is to be a collaborator, finding opportunities that require you to apply a more dictatorial style might be needed. Discussing a secondment or short-term project where you get to develop and test your skills can be a step further in earning contention to lead a larger project down the track.

With several of the company’s boldest personality types penciled to roll out the operation, you’ll not only develop skills that earn your right to throw your hat in the ring; those key players have an opportunity to see your competence. You can then work on building relationships with those stakeholders before you need to hit the ground running should you win the lead.

Greater job satisfaction comes with planning and choosing the lessons and opportunities you want to learn, not desperately flailing, floundering and hoping for the best.

6. Keep Reviewing Your Goal Posts and Be Amenable to Change

The word ‘career’ is indicative of a longer-term pathway of change, growth and development. The journey is dynamic.

You will accumulate new skills and let those you no longer need, become rusty. Your intrigue will be stimulated by new experiences, knowledge and people you meet. Your thinking will continue to expand, not shrink. As a result, your goalposts are likely to change.

A major part of enjoying a successful career is not just setting goals effectively, but regularly reviewing and readjusting them where necessary. However, moving the posts or the target still needs to take place by applying the same processes by which you originally created them. The strength of your emotional connection to those revised goals needs to be the same, if not stronger.

By asking yourself the following questions, you can assure your developmental and growth trajectory is still on course:

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  • Would working toward these goals still allow me to honor my personal values, principles and ethics at the same capacity if not greater?
  • Do the activities I need to undertake to meet these goals honor my highest priorities?
  • Does this feel right for me and those who are nearest and dearest to me?
  • Is this aligned with my passion?
  • Is chasing this goal a right step for me to take now or is this a detour or distraction which could delay my greater plan?

Each of your career goals should have different review periods. Whatever you do, stick to the review schedule you set. It will not only keep you focused but help you see your progress (or lack thereof) and allow you to timely re-chart your course before you get too far down the track. You don’t want to waste time haphazardly heading in the wrong direction.

7. Be Prepared to Let Go

It can be unfathomable to us as to why others risk leaping into the unknown when everything truly appears fine and dandy in the career realm. The company provided stability, recognition, financial success, interesting projects and the promise of a promotion…what was wrong? Why now jump sideways to run a café or train in another field altogether?

Nothing may have been wrong at all. It was all going right. It was just the end of a chapter. Perhaps the yearning for the next step is actually taking a different trajectory entirely. You may want to simply experience a different rhythm. Perhaps it’s time to pursue a different passion.

If you have leaped from employee-land to freelancing or have made the reverse-jump (or you know someone who has), you will have quickly grown a different appreciation for pros and cons each work lifestyle brings. Working for yourself can bring the greater realization of your creativity, whether or not it can be monetized to earn you a living.

When your customers are buying you or a product you designed and fashioned, there is a direct level of appreciation and gratitude that can elevate your confidence in the way you have never experienced as an employee, regardless of your rank.

Similarly, there are times where we need to recognize our business ventures were adventures, not long-term life-changing empires. There are times we need to recognize that time is what provides the clearest limitation of how long we persist for in such pursuits.

We have to recognize the absence of enough financial, mental, emotional and physical breadcrumbs that tells us we’re no longer meant to push in that direction. At least, not for the present time.

The Bottom Line

Above all, keep the momentum. As long as you remain committed to pursuing work opportunities that allow you to honor your highest priorities, the truth of who you are and what you stand for, achieving ultimate job satisfaction and a successful career will never be too far away.

More Resources to Help Advance Your Career

Featured photo credit: Csaba Balazs via unsplash.com

Reference

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