4 things they don’t teach you in business school (but you really should know before starting your own company)

Text books on different subjects
Formal education definitely has its place, but there are also important lessons to be learned from life experience, says Chris Niarchos.

There’s a lot to be said for a formal education, but there are also some lessons you won’t learn from books. Here are four things you probably won’t hear about in a classroom, but will help you navigate your way through the business world. 

Overnight success is at best rare – and in truth, largely a myth – so learning to take one day at a time and keep your eyes on the prize is a must.

Business is often about taking one step forward and two steps back, and being prepared for that scenario is the best way overcome inevitable challenges.

Keep in mind that this is a marathon, not a sprint, and be aware of when slowing down might be the best strategy.

2. Self-belief is sacred

It’s easy to be brought down when you’re having a bad run, and it’s important to have the ability to pull yourself back up.

Self-belief is a key part of staying positive and motivated, so be your own support system rather than a voice of negativity.

Cut yourself some slack when things go wrong, and you’ll recover from setbacks faster.

3. Appreciate what you already have

Don’t have your mind set so hard on a long-term goal that you lose sight of what is already in front of you.

People have a tendency to focus on what they are lacking, but it’s wiser to look for the opportunity in what you already have.

Not only will you have the chance to grow, you’ll be happier doing it.

4. Trust your gut

It’s tempting to base everything around facts, numbers and advice, but sometimes going with your gut is the best strategy.

At times we get caught up trying to prove ourselves to other people, and our decisions reflect that.

But in the end, you need to be comfortable with the decisions you make for your business, so if your intuition is telling you something different, don’t be afraid to listen.

 

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