According to the United States Census Bureau, over 4 million people enroll in graduate school after college with the number rising each year. The Graduate Management Admission Council states that college graduates who continue into business school can expect a salary increase and 61 percent of graduates receive job offers immediately after graduation. Unfortunately, a lot of the necessary skills to create and run a successful business are not taught in the classroom.
“A typical MBA program is about two years and the intent is to give you a good understanding of business concepts,” says Gary Barnes, successful entrepreneur, business coach and international speaker. “However, a lot of people graduate and move into the business world without the basic knowledge of the in and outs of how to run a successful business.”
As someone who has successfully built three businesses from the ground up, Gary Barnes now shares his success with others. Here are 5 things you didn’t learn in business school:
- Success is not instantaneous. While some companies like Facebook and Amazon.com took off at the beginning, the majority of businesses take a while before being successful. Don’t be discouraged if you don’t immediately pull a profit.
- Be flexible. The world is constantly shifting as new products arise and social media expands. Be able to adapt with the world and change your vision if necessary.
- Start small and grow. While it’s tempting to reach out to global markets, concentrate on a single market and build a foundation first. After developing a solid base, expanding will be easier.
- Disagreements are good! Different opinions between coworkers and employees can help fuel creative, original ideas.
- Don’t be afraid to delegate. A common mistake of new entrepreneurs is the inability to trust other employees to handle some of the elements of the business. Relinquish the reins a little and allow others to help before you are overwhelmed.
Gary Barnes offers high-performance business & sales coaching and business boot camps. Those attending the boot camps will focus on such areas as learning to find their creativity, following their passion, being fulfilled, and succeeding at building wealth in business. For more information, visit www.garybarnesinternational.com.