Everybody makes mistakes. It’s a natural part of our lives. And an essential part of learning. Failure is an experience that you can use to improve yourself and your methods. But we don’t have to make all the mistakes ourselves. In the age of technology, we are fortunate enough to have access to all the data we ever need. And so, we can take a look at how others fail and avoid these sorts of issues ourselves.
The most straightforward example of this would be YouTube videos of people getting hurt. But that’s not the sorts of mistakes we are going to be talking about today. Our topic is far more specific than that. It covers business students and the most common sorts of problems they might run into right after graduation. Read on to find out what might await in the future and how to avoid it with finesse.
Going all in
After hanging back for several years, some students may become a bit overeager to get into action. And understandably so. Everyone wants their first business to become a multi-million dollar asset from the get-go. Unfortunately, it’s that drive that can push you towards making rash decisions. Businesses aren’t built in a day, they are grown step by step over the course of many years.
This is especially dangerous when you decide you need to act while still dealing with college. The extra duties can quickly overwhelm you unless you carefully plan your schedule. If you need some extra time you could always find an essay service to help you with some of the college assignments. But the best solution to this is to carefully consider if you really can handle the extra workload before you’ve decided to take on it.
So instead of investing all you have in your pipe-dreams, you will be much better off taking it slow. Account for your skills and budget. Create something small. When and if it takes off – you can expand and improve it or start something more ambitious from scratch. Not too ambitious, though. Remember that slow and steady wins the race. You can not completely eliminate all risks when building a business. But you shouldn’t take them needlessly either.
There is a big difference between taking a risky experimental approach and being reckless for the sake of it. It’s true that the most successful projects come from taking risks and innovating. But even such an approach should be supported by logical reasoning. Make sure you are actually trying to achieve something instead of firing wildly into the darkness.
On the other side of the extreme, there is procrastination – the enemy of all progress. After you get your diploma you are faced with a perfect moment to act. But just as authors blank out staring at an empty sheet of paper – so do many students trying to decide what to do. This sort of effect doesn’t only appear due to laziness. The reasons for seizing at the bring of opportunity can vary greatly:
- Fear of failure
- Looking for a perfect job
- Inability to move on from the old routine
- Doubts about the career choice
This sudden realization that you just can’t do anything isn’t really all that rare. Anyone can get it. And even if you know for a fact what you should do after you get the well-earned diploma – you still might suddenly come to a screeching halt. Second-guessing yourself is normal. Especially in such an important period of your life.
Unfortunately, there is no clever solution to a problem like this. If you find yourself in this sort of scenario – all you can really do is take a leap of faith. The more you think of it the harder it will be. Deliberating all the pros and cons only serves as a distraction. Start acting. It doesn’t really matter what you do. Let the momentum of decisive action carry you onwards.
Some manage to not fall into the previous two traps. They muster enough confidence to get things done and they do it carefully. And yet things still don’t work out for them. The most common reason for that would be overconfidence business degree may give you. And once you make that misstep it can be very hard to get back on track towards a successful career.
The years you’ve spent in college obtaining an MBA are not completely meaningless. However, you should understand that the formal education system can’t fully keep up with the reality of the global market. What you got out of your studies is a rough foundation of skills that you’ll have to build upon rather than a complete and thorough training that you can confidently apply to real-world situations.
And that discrepancy can sometimes be hard to understand and accept. In order to create and maintain a successful business, you have to keep an open mind. Learning didn’t stop when you graduated college. It has only just begun. And it will be some time before you can transition your theoretical knowledge into practical skills. So be careful with your career decisions, don’t neglect good advice, and accept constructive criticism.
As college ends – the new page of your life begins. It can be pretty intimidating. But you should always remember that it is completely fine to make mistakes. You shouldn’t chastise yourself for failing. As long as you get a lesson out of the experience and keep going – you are doing really well. Don’t compare yourself to others. Pick your own pace and stick with it.
One of the most important things that can help you make this transition to adult life is your friends and family. You may be living alone and you might not see your school and college buddies all that often anymore. But you should do your best to maintain your bond with all those people and actively work on building new friendships. Those around you can provide all the support and advice you will ever need.