A business school teaches you many critical
skills: broader worldview, strategic thinking, better time management,
self-discipline, problem-solving, amongst many others. It trains you to
understand theories and models and how to apply them to real-life problems. But
no matter how expansive your curriculum, it does not teach you much about
entrepreneurial success. When it comes to entrepreneurship, it is better
learned than taught. Perhaps this is why we have self-made billionaires who
dropped out of college.
While we all learn our own lessons through our
own experiences, here are 5 important lessons that no business school will
Being ambitious is rewarding and challenging.
When you start small, it’s difficult to imagine the path that leads to becoming
the next Apple or Amazon. But you try. Being a small business owner isn’t easy.
You get too caught up in the daily battles, budget sheets, and market research
to take time out and think about the bigger picture. Peter Thiel’s must-read
book Zero to One addresses this concept in detail.
Peter Thiel argues that to change the world
and to shape the future, we need to think bigger. We need to go from nothing to
something, from zero to one. This is
where disruptive innovation happens. We need ideas that disrupt industries,
create new possibilities and change behavior.
All this sounds motivating, but where do you start?
Because of their size, small businesses are primed for growth. They are not too big for bureaucracy but are big enough to experiment, break rules and innovate.
So, how do you do that? These five steps can