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The Ultimate Guide To What To Do Once You Graduate College

The Ultimate Guide To What To Do Once You Graduate College

You graduated college? This is it. Congratulations! Now what?

Graduating college is a major milestone for many young adults because it represents the final leap into adulthood, but what’s next after college?

This is a question that many recent graduates ask themselves and struggle to find the answer. Should you start work or do more school? Should you get a job or travel the world for a bit? Should you stay in your local city or move away? Should you start a business?

Society has a prescription for young adults when it comes to figuring out what they want to do in life:  Go to college, get a high-paying job with competitive salary and benefits, climb the ladder, buy a house, retire at 65.

The only problem with this is that it doesn’t guarantee true happiness and fulfillment.

Your early 20s are a time to experiment, to get to know more about yourself, and to figure out the kind of person you want to become.

It’s ok if you don’t know what the next step is. What’s not ok is choosing a path that you feel pressed into because of what society expects of you. If you are not sure of what to do next, then this is a perfect time to develop an intentional experimentation mindset where every experiment takes you closer to your true purpose and interests. Intentional experimentation is all about experimenting with a variety of opportunities. These experiments help you know more about yourself and find the right fit.

If you are struggling with figuring out your next step after college, here are a few options that you might want to consider:

Graduate School

This is a very personal decision and there’s no definitive right or wrong answer.

Graduate school is for you if:

  • You are clear on the field of study you want to pursue and have the time to commit to it.

  • Your employer pays for it.

  • You have joint undergrad and graduate school programs.

  • You have at least 2 years of work experience in your chosen field.

Graduate school is not for you if:

  • You are not clear on your field of study.

  • You don’t have the time to commit to a graduate program.

  • You want to get more experience under your curriculum to increase your admission chances and have a better learning experience.

  • You have other financial priorities.

  • You are exhausted and need a break from academic settings.

  • You just want to avoid the real world and prolong your “student” status.

  • You are being pressured by family, friends, or society.

What to do if you decide you want to apply to graduate school?

  • Before you apply, decide your professional goals and determine what you should study.

  • Research institutions and programs of study. Talk to experts in your chosen field of study and those who are attending the school and programs that interest you. Find out about admission requirements, tests, deadlines, financial aid, etc.

  • Visit potential schools, if possible.

  • Register and prepare for admission tests.

  • Look into scholarships, fellowships, or loan programs that can help finance graduate school.

  • If you are studying abroad, you might need to have your transcripts translated.

  • Draft your statement of purpose and application essays.

  • Request letters of recommendation.

  • Don’t submit your application unless you have prepared in advanced, done proper research, and have compiled all required documentation.

Searching for Jobs or Internship

It’s important to keep in mind that while getting a job or internship helps in building your resume and acquiring new skills, it can also have negative consequences if not done properly. It’s not about getting just any job or internship but about matching your skills, interests, and passions to meaningful opportunities.

Searching for jobs or internships is for you if:

  • You want to get work experience in your chosen field.

  • You are clear on the career path you want to pursue and want to experiment with different job opportunities.

  • You are not comfortable with going on your own and starting your own business.

  • You want to be independent and start earning your own money.

  • You want to improve your curriculum for graduate school.

Searching for jobs or internships is not for you if:

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  • You want to take time off to explore and get to know more about yourself.

  • You want to start a business.

  • You are not interested in joining the workforce anytime soon.

  • You don’t know what work ethic means.

What to do if you decide to search for jobs or internships?

  • Use your school’s career services office.

  • Join a professional development or industry specific group.

  • Create and optimize a LinkedIn profile.

  • Showcase your skills with an online portfolio.

  • Check out career fairs.

Traveling

Traveling is one of those things that if done right, it can completely change your life exposing you to new opportunities that might have not been in your perspective before. A lot of adults wish they had traveled when they were younger before entering the workforce. That’s because once work starts, in most places you only get 2-weeks out of the year to travel and that’s not enough time if you really want to travel and explore different cultures.

Traveling could be for you if:

  • You are not sure of the path you want to take in your personal and professional life and want to take some time off to travel and get to know more about yourself.

  • You want to take some time to volunteer and help others less privileged than you.

  • You have minimum financial obligations.

Traveling is not for you if:

What to do if you decide you want to travel?

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  • Talk to your family and explain that you want to take some time off to travel and explore the world. Even if they don’t agree with the idea, at least they will know what’s going on and not freak out because you’re not following the traditional path.

  • Decide where you want to go and for how long.

  • Determine your budget.

  • If you don’t have a budget, figure out ways you can generate some cash. Working abroad, freelancing, crowdfunding, volunteering, family, etc.

  • Book your transportation months in advance for cheaper tickets.

  • Find a place to crash. It could be a friend’s couch, hostels, and if your budget allows, hotels.

Immersing yourself in another place and culture is a learning experience that will totally change your perspective about life and it will last longer than any car or any piece of furniture you may purchase in your lifetime. It’s an investment in the life experience that your future self can only benefit from. Make the most of it and let it change you.

Starting a Business

If you are 100% sure you want to start a business and become an entrepreneur, this is the time to do it. There are many businesses you can start, particularly with the internet. It will be a very bumpy ride with ups and downs but you will learn a lot about sales, marketing, leadership, operations, branding, and most importantly, you will learn how to fail and get back up again (many times).

Starting a business is for you if:

  • You don’t want to get a job and work for someone else being told what to do.

  • You understand it’s a learning experience and you will fail many times.

  • You prefer to invest your time and money into real world experiences developing your ideas rather than traveling or graduate school.

  • You are ok with taking risks and stepping outside of your comfort zone.

Starting a business is not for you if:

  • You can’t handle the stress of starting and running a business.

  • You feel more comfortable getting a job and working for someone else.

  • You cannot commit to it 100% of your time.

  • You are not comfortable with validating your ideas and asking for money.

What to do if you decide you want to start a business:

  • Validate your idea(s) as quickly as possible with friends, family, and immediate network. If you can get at least three paying customers, you are on to something.

  • Come up with a catchy company name and concentrate your efforts on sales, marketing, leadership, and personal development.

  • Take care of your health no matter what.

  • Assemble your team.

  • Seek advice from mentors, develop a business plan, and seek funding.

  • Enjoy the ride!

Moving Back With Your Parents

While moving back with your parents might not be a right fit for everyone, it definitely has its advantages considering the steep costs of living on your own. Living at home can be a once-in-a-lifetime opportunity to learn more about yourself and build a stronger relationship with your parents.

Moving back with your parents is for you if:

  • You are not sure of the career path you want to follow and need some time to explore and get to know yourself better.

  • You are not ready to live on your own and pay expensive rent. The last thing you want to do is being stuck in a city and job you dislike just to afford rent.

  • You have no internships, job, or travel plans lined up.

  • Your parents are ok with you moving back home.

Moving back with your parents is not for you if:

  • You are absolutely sure about the place you want to live in and the type of career you want to pursue.

  • You don’t want to play by your parents’ rules.

  • You have a bad relationship with your parents.

  • You have job opportunities lined up and are too independent to move back home.

What to do if you decide you want to move back with your parents?

  • Set a time frame for how long you are planning on living there and the main purpose of moving back home. Do you just need a place to stay before you start graduate school? Do you need somewhere to live at until you can save enough money and move out on your own? Be very clear on this and check back with your parents once this timeframe is up.

  • Set expectations about money and things to do around the house. Talking about money and house chores might feel awkward but it’s important to remember that being clear on how things are going to work while you live at home makes the experience much more symbiotic. Are you going to pay for rent, food, and living expenses? Are your parents going to cover you 100%? How can you help around the house with some yard work or fix-it projects?

  • Don’t forget to build your own life. Just because you are at your parents’ waiting until you can move out on your own, doesn’t mean your life is on pause. Volunteer, date, explore new things, and do your best to continue learning and growing instead of just waiting for your first opportunity to move on to somewhere else.

Whether you decide you want to travel, start a business, get a job, do more school, learn new skills, or just take some time off, the most important thing you can do is to have a clear why. Ask yourself: “Why am i doing this?” The answer to this question will not only allow you to get to know yourself better but it will also give purpose to whatever it is you decide to do.

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Last Updated on May 15, 2019

10 Most Successful Entrepreneurs and What We Can Learn from Them

10 Most Successful Entrepreneurs and What We Can Learn from Them

Apart from making crucial decisions for their own businesses, entrepreneurs innovate and grow their ideas. Albeit there being no cookie-cutter answer that fits everyone’s experiences, taking a look at some of the most successful entrepreneurs today, you might spot some similar traits and characteristics.

Starting and nurturing a business entails a great amount of hard work and commitment. However, for aspiring entrepreneurs who are prepared to dedicate themselves to their vision, here are 10 most successful entrepreneurs you can learn from:

1. Melanie Perkins: Know Your Worth and Keep Trying

    Melanie Perkins founded Canva, a Sydney-based business valued at $1Billion having successfully raised a number of rounds of successful funding and boasting more than 10 Million users in 179 countries.[1]

    She told BBC that one of the biggest challenges she faced getting into the business was talking about her company’s accomplishments when she first got to Silicon Valley. She attributed this difficulty to a cultural difference where Australians tend to ‘talk down’ their achievements and this would slow down her fundraising progress for a few years.

    Despite hundreds of rejections, Melanie emerged three years later with a much clearer strategy and stronger investor pitch that prompted a series of fundraising rounds netting the company $82Million of funding in total.[2]

    2. Bill Gates: Keep Learning and Exploring

      If you don’t know Bill Gates, you likely know the company he founded – Microsoft.

      Bill Gates’ story is a prime example of nurturing an idea that might seem out of this world but make sense in the future. One of the most successful entrepreneurs in history did not complete his degree at Harvard University to pursue a vision that the technology would soon become the future.

      He told a white lie to Altair, saying that he had made a computer program for them, therefore pushing himself to create a system that would change modern history.

      “The most important speed issue is convincing everyone that the company’s survival depends on moving as fast as possible.”

      Gates’ success is built on self-improvement and the seeds of an idea.

      3. Elon Musk: Never Stop Innovating

        Traditional thinking suggests that in order to become a successful entrepreneur, one must focus in a single field or industry.

        Elon Musk, however, breaks that rule.

        Today, the multifaceted tech entrepreneur, investor, and engineer advocates for the diversification of skills and businesses by delving into various fields of interest.

        When done right, skills in a single domain can be carried over then applied into contrasting industries to create something new the world might need. Musk owes his accomplishments to a constant thirst for knowledge.

        Having birthed Tesla and a myriad of products across the arenas of aeronautics and software design, Musk continues to evolve as an entrepreneur and plans to innovate for the long haul.

        4. Richard Branson: Develop People First

          British entrepreneur Richard Branson founded Virgin Records in the early 1970s. Virgin Records has since grown into the Virgin Group, today responsible for over 400 companies.

          The billionaire is strongly particular about working with a team that shares his core values and aspirations.

          Branson believes that managing a business can become taxing, thus he acknowledges his employees for putting in the effort that they have.

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          A good leader knows how to raise morale for positive productivity. Utilising emotional intelligence and compassion is a game changer in seeing results within a team.

          Branson’s supports the idea of nurturing a positive work environment, with the belief that credentials must go hand-in-hand with an enthusiasm for work.

          5. Jeff Bezos: A Relentless Focus on Customer Satisfaction

            Having founded Amazon, Jeff Bezos is known to be one of America’s most successful entrepreneurs. The e-commerce pioneer fixates himself on angry customers with the belief that a business’s loopholes are found in the experiences of unsatisfied customers.

            For the 8th year in a row, customers have ranked Amazon as the number one in customer service (according to the American Customer Satisfaction Index).

            While numerous companies ignore unhappy customers, Bezos found success in learning from reviews and surveys. By focusing on customer service, Amazon shows they care, both for their customers and for rising above their competitors.

            While praise and recognition are signs that a business is accelerating, criticism is an opportunity to improve a product or a service.

            6. Mark Zuckerberg: Start Small, Think Big

              Valued at over 55 billion dollars today, Mark Zuckerberg built the first version of what would become a social networking giant in his Harvard University dorm room. As one of the world’s youngest entrepreneurs, Zuckerberg undoubtedly took countless calculated risks to get his brilliant idea to its current status with 2.38 billion active monthly users.

              “The biggest risk is not taking any risk.”

              He’s always daring to explore with a fearless mindset.

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              The young tech entrepreneur never shied away from innovating outside of the box. Soon after Facebook became a hit to users and advertisers, big corporations took interest in buying Facebook from Zuckerberg.

              However, he took the risk and decided to stay with his creation. Turning down billions of dollars offered by Yahoo CEO, Terry Semel, he envisioned turning his brainchild into something much bigger than what it already was then.

              7. Steve Jobs: Live Your Own Dreams

                Steve Jobs lived a rocky path all his life and an aspect of which is a tumultuous career.

                The founder of Apple endorsed his beliefs on the temporality of life and limitations of time. He preached about the importance of working on the very legacies people wish to leave behind, an achievement he’s undoubtedly etched into the the archives of human history.

                Never one to hide under someone’s shadow, Jobs did not live by anybody else’s principles so he formed his own. He tirelessly dedicated himself to building a unique brand of products that became the benchmark for contemporary technology.

                After his highs and lows through his brief battle with cancer, Jobs concludes with yet another lesson to takeaway from his remarkable life. “No matter how much money you have, even the richest man can’t buy time.”

                8. Warren Buffett: Balance is Essential to Success

                  Despite being the third wealthiest person in the world, Warrant Buffett sported a frugal lifestyle for most of his life.

                  After buying a house in Omaha, Nebraska for just above 31,000 dollars, he has lived there since 1958. As a leading investor and a founder at Berkshire Hathaway, Buffett believes in setting aside an amount to save and spend only on necessities.

                  With a long term goal as a top priority in mind always, treating oneself can be sustainable once in a while. He advices to save money by deciding first and foremost what aspects to scrimp on and what aspects to splurge on to ensure a happy and balanced lifestyle.

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                  9. Jack Ma: Never Give up

                    On every journey to success, everybody stumbles and arrives at roadblocks. Some more than most, like Jack Ma, who survived countless rejections and failures only to get back up and brave every storm.

                    Ma is the founder of multinational technology conglomerate Alibaba Group. Despite being rejected to Harvard after every one of his 10 applications, Ma was never defeated.

                    His grit and tenacity is a fine testament to the fact that grades do not determine a future. While qualifications on paper are important, the development of skills and an attitude is just as helpful in making a recipe for success.

                    Despite finding himself in the verge of bankruptcy in the 1990s, Jack Ma possessed the resilience to put one foot in front of the other until he finally made it. “It’s important to have patience,” he says.

                    10. Tan Min Liang: Passion Can Pay Off

                      Tan Min Liang is the founder of the leading high-performance gaming hardware, Razer. Always on the look out for new opportunities to connect and scale his business, Tan has been bold in making many of his life’s decisions.

                      Having deviated from a traditional path set by a family that consists of doctors and lawyers, Tan was to find his life’s work and passion while gaming with his older brother.

                      The idea was simple: there were so many games out there to play, however, there were hardly any gaming equipment to match this.

                      So he dropped out of law and began going a different direction, into creating solutions in the gaming industry. At the start of 2019, Tan wrote to tech luminary Elon Musk to which Musk’s reply suggested of a joint venture between two of the most successful entrepreneurs today.

                      Final Thoughts

                      In today’s cutthroat world, the road to becoming a successful entrepreneur is a long and arduous process trailed with ups and downs. A valuable lesson that a good hand of entrepreneurs would love to convey to aspiring entrepreneurs is to keep the spirit of innovation and to explore uncharted waters.

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                      Learning from experience and failure is one direction to a desired end goal. Exhibiting the same dedication and grit so many entrepreneurs have through their unexpected careers – today’s budding visionaries ought to hang on their dreams and leave room for improvement along the way.

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                      Featured photo credit: Patrick Tomasso via unsplash.com

                      Reference

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