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7 Confessions Of A College Dropout

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What people won’t tell you about leaving school to start your own business or follow your passion.

“You are either going to be a huge failure or become the next Mark Zuckerberg” — My Writing 114 Professor

Yeah, that was actually said by a professor during my freshman year at Boston University. I never understood why I would have to live on one end of this extreme spectrum. I stayed in school despite a deep desire to leave and never look back.

College was obviously not for me. I wasn’t committed to spending four years working on group projects and random essays for the opportunity to get a job where I could spend the next 40 years of my life working 40 hours a week doing 40 things I hate to do.

I would always work on my business during class, throw together essays the night before they were due and sprint through study guides faster than Usain Bolt on my walk to class.

So I dropped out of college. Twice.

I didn’t become Mark Zuckerberg, and I’m not a failure. I run a reasonably successful business that allows me to live a life I love and have the freedom to explore my passions.

I don’t want to recommend everyone to drop out of college, but I want to share some of the things I have learned throughout my journey of doing so.

Exploring Boston a few months after dropping out of Boston University.

Confession #1: Nobody Cares

I have never randomly been asked why I left school. 90% of the people I interact with don’t even realize I didn’t graduate. People are so caught up in their own lives that they rarely think about yours, and if they do, it’s not for more than a couple minutes or until the next time their phone vibrates in their pocket.

Confession #2: You Never Think About It

I carried the burden of being a “dropout” for about 3 days. Then, I kind of forgot about it. I am only writing this post because someone reminded me that I had left college and wanted to hear why. Similar to how my college degree wouldn’t define who I am as a person, neither did dropping out. It was the best decision I could make for myself, and after it was made, I just kept moving towards my goals.

Confession #3: A Lot of People Didn’t Go To College

I have been blessed to come across the path of hundreds of financially (and emotionally/spiritually/physically) successful people in the past 4 years. It’s almost a 50–50 split on who finished college versus who didn’t. Of all the non-graduates I have spoken with about the topic, NONE OF THEM regret their decision to not complete their degree.

Confession #4: Your Value Isn’t Defined By A Degree

Simply put, value is value. The amount of money you earn is directly correlated to the economic value you provide in the world. While it might be hard to comprehend that your Archeology 101 class doesn’t help you add real value to the economy (unless you are an archeologist), you don’t need most of the education you receive in college. Create your own value, create your own wealth.

I wanted to pursue my passion for photography.

Confession #5: $5,000 A Month Isn’t Hard To Make

The average salary for a recent college graduate is $51,000 per year. This breaks down to only $4,250 every month and $26.50 per hour. It may seem like a lot of money to a 22-year-old but I would make the argument that making $5,000 is a lot simpler than people think. You can even Steal My Business Idea and get started today.

Confession #6: Explore Your Options

Contrary to popular belief, you don’t need to have your life “figured out” at 22. Most people have 8–10 years before needing to worry about kids, a mortgage, or even a real financial plan. Don’t take that as permission to go broke and not plan on your future but understand that you have some time to pursue something you love or are interested in. Don’t be stupid, but be a little stupid.

Confession #7: Networking Is Key

And I don’t mean going to the career fair at your school. Find people who you look up to and reach out to them directly. Provide value and ask questions. Building relationships based on real connections is far superior to following the shallow “give & take” approach. Long time friends and connections will bring you opportunities so you can break free from your fear of leaving the “safe bet” of college.


What are your thoughts?

I would love to hear your stories, questions, and feedback.


Meet Samuel Thompson

Samuel Thompson is the founder and CEO of Social Equinox, a digital brand growth and development studio based in San Diego, CA. He recently launched a powerful mentorship community supporting up-and-coming entrepreneurs to unlock their financial and personal potential.

Samuel Thompson is a college drop-out turned Top 100 Growth Expert. As the Founder & CEO of Social Equinox, his goal is to disrupt how young entrepreneurs learn, connect, and grow. Sam worked with Fortune 500 brands, award-winning start-ups, and some of the biggest influencers before shifting his focus to providing affordable and impactful education for the next generation of creators and entrepreneurs.

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Advice

9 Productivity Boosting Tools For The College Entrepreneur

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Photo By Matt Raglan on Unsplash

While everyone else is looking for the next marketing hack or “ultimate” sales script, there are a few elite college entrepreneurs who focused in the “boring” stuff…

SYSTEMS, PROCESSES & PRODUCTIVITY.

I get it. These might not be the sexiest things to talk (or write) about on the internet, but they helped me grow my personal business and will help you do the same if you are lucky enough to understand how valuable systems are to building a successful business.

I have used all of these tools over the past few years as I ran an app development agency, grew my Instagram to over 130k followers, scaled an online community platform to over 28,000 members and worked with massive digital campaigns for Fortune 500 brands.

Productivity was the game changer.

This isn’t the most interesting topic, but if you are looking to radically improve your productivity and thus grow your business then here are the tools you need to make it happen.


The God Father Of Productivity

Shift

I honestly don’t understand how this isn’t the most popular productivity app on the market. If you download Shift and stop reading now I will be happy. This app has changed my life to the point that I have everyone on my team buy it to make sure they stay organized. It aggregates all of your tools into one desktop and lets you easily access everything you need within 2 clicks.

There are over 100 apps (including almost all the tools that I mention in this article) you can integrate directly to create a true command center.

Communications

Everyone has heard the anecdote “your network is your net worth”. This couldn’t be more true for college entrepreneurs. Building relationships right now will have massive benefits throughout the rest of your career as an entrepreneur. Here are the best tools to facilitate those relationships.

Zoom Pro

Stop dealing with those awkward “40 minute limit” messages. This will create more fluid meetings and upgraded your level of professionalism. If you use Zoom frequently, this is a MUST HAVE.

Calendly

Take back control of your calendar and stop wasting time trying to figure out times to talk to your network. It creates a personal scheduling link, automatically checks your calendar and provides meeting times based on your availability.

Create various events (15 min, 30 min, etc) and send out links to whomever you are planning to speak with. I even have a private link for my girlfriend to schedule times throughout the work day for lunch or watching an episode of The Buried Life.

Slack

The gold standard of business communications. I love Slack because I am able to put all of my team members, clients and students in one communication platform. I log into Slack three times a day for 30 minutes and answer messages, then I close it down and turn off notifications so I can stay focused on my deep work.

Loom

My personal favorite for delegating tasks and sharing insights with my students/clients quickly. Instead of typing long emails and spending hours explaining topics, simply pop open Loom and screen record whatever you are sharing.

Ideation & Planning

These are my go-to apps when I have an “ah-ha” moment and want to dive into the details. I use these as my brain dumping ground and organize my thoughts into to actual cohesive plans.

Miro

A fantastic white-boarding tool that I use for mind maps, email sequence planning and just pure brainstorming. Miro also lets you collaborate live with your team so you can all contribute virtually.

Notion

One of the cleanest note-taking apps I have used. I used to be a huge advocate for Evernote but have since shifted to Notion as my primary note taking app. Specifically because you can link notes within each other and create mini dashboards with resources you need to access quickly.

Project Management

These tools will help you stay on top of your data and tasks. Simple to use and make sure you are staying on the right path without losing track of the details.

AirTable

An insanely powerful data management tool. Think Excel/Google Sheets on Barry Bonds level steroids. I love the customizability (I hope that’s a real word) AirTable offers. They have great templates that can help you manage your content creation, personal CRM and even your finances.

Monday.com

My absolute favorite task manager EVER. I track everything in Monday from my personal routines to my team’s project deliverables. It allows you to stay on top of everything in your business in a simple dashboard so nothing falls through the cracks.


How About You?

These platforms are part of my day-to-day routines and have tremendously helped me grow my business and feel 10x more productive as an entrepreneur.

With that being said, I am always looking to hear more about the tools you use as well as your thoughts on the ones I mentioned above.

Drop a comment with your favorite productivity tools below so we can learn together.


Samuel Thompson is a leading authority on digital growth and has supported Fortune 500 companies, award-winning start-ups, and prominent influencers scale their growth online. His passion is helping provide affordable support to the next generation of entrepreneurs and creators unlock their potential and build a life they truly love. Connect with him on Instagram @samuel.thompson to learn more about the opportunity to work directly with Sam and his team of digital experts.

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Hot Tips on Being a Young Entrepreneur

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4 Basic Ways of thinking To Jump Start The Young Entrepreneur

One good thing about being young is the opportunity of exploring beyond your boundaries with a good excuse because you are young. And this is what makes young entrepreneurship fun, ideal and worthwhile.

A big advantage that teenagers have is fewer responsibilities and more time to waste. Unlike adults who are stretching their 24-hour life thinking on how to make a living. Although the risk would be immense with a lack of experience and knowledge, a teenager can start with what he knows about being young.

New entrepreneurs aging 16-21 are showing more vitality and perseverance to engage in profitable market industry. Growing adolescent minds develop as fast as mobile companies introduce a new breed of mobile phones. An ideal teenager can earn as much as $50 a day. Now, are you paying attention?

Think Young

The majority of our population is composed of teenagers with a curious mind. Introducing a new line of clothing that looks like a blast from the past would not catch their attention. When you think of putting up a business intended for the youth like yourself, it should coincide with their heart’s desires. Look at the path where they trod.

Photo by Bruno Nascimento on Unsplash

Extract it From Reality

Practical people always go for what they need instead of buying what they want. Recognize the difference? Something you want wouldnít turn out as something you need. You would want apple juice to quench your thirst but all you need is water. Yet something you need would always be something you want. Pacify the masses with whatís essential.

But don’t settle to what is traditional and basic. Instead, add up to whatís already there. Invent. Awake your innovative mind. Improvise. Water would always be water. But when you mix minerals and electrolytes, wham! an energy drink is born.

Photo by Joshua Sortino on Unsplash

Be a Techie

Information before is wired up to a tube. But now, it flies with the wind. Computer technology is becoming a must among everyone. It has successfully improved the lifestyle of business establishments, big or small. If you try to dig into the internet, billions of advertisements flood your screen. Why not clicking on one of them? You never know when it might interest you.

Photo by Marvin Meyer on Unsplash

Count Your Savings

A penny for your thoughts? Nah, keep your thoughts, I’ll keep my penny. Putting up a business is a tough deal especially when you don’t have the appropriate amount of money to fund it. But where would a kid like you get it when your piggy bank has been used up? If you’re 13, talk convincingly to your parents or your close relatives and try to make them understand that you are old enough to run your own business and donít let them think that you’ll just use the money for a video game.

If you’re 16, you could borrow it from your friends or significant someone. The moment you turn 18, more opportunities to borrow money or capital would come through. Business firms allowing enthusiasts to accumulate a certain kind of amount plus interest. Lending companies as we call them. With determination, you could see your money rolling.

Fine a cure for teenage immaturity. Engage yourself with what you’re made of. Don’t be satisfied sitting at one corner reading your notes. Being small doesn’t mean you have to aim and act small. Live to conquer. Start with something.

Photo by Damir Spanic on Unsplash

Connect with Terry Marc on Instagram

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The True Definition of Entrepreneur

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Is There Really A Definition For The Word Entrepreneur?

When you encounter a new word, what do you usually do? Do you ignore it, or do you try to look up its definition in the dictionary? For smart individuals, they will surely look up for the new word’s meaning. If you’re engaged in business undertakings, perhaps you want to define an entrepreneur. Are you an entrepreneur?

There is a specific definition of an entrepreneur. According to most dictionaries, an entrepreneur is a businessperson who finances or initiates emerging commercial enterprises. He or she is the person who provides for the capital of the business. However, giving capital alone is not enough to be called an entrepreneur. How is that?

It’s because some individuals prefer to invest in a particular business venture, but that person will let someone else handle all the business activities.

Any person who finances a business venture and runs it can be called an entrepreneur. According to some economists, an entrepreneur is someone who develops a fresh and new product, a new way of producing something, or an innovative market. Usually, entrepreneurs start with a small business, and if it proves to be successful, the company will slowly expand.

So why put up small businesses? You see, small businesses require a smaller amount of capital while larger ones demand colossal money. Not many entrepreneurs nowadays are willing to take the risk of putting up big companies without proper research and studies.

Some say that being an entrepreneur starts right after a child is born. The child already possesses the qualities from the moment of birth. The individual is already a thinker and schemer of things. These individuals will want to reach the impossible. So if you’re a born entrepreneur, you must develop your skills and qualities so that you can use them shortly for your success.

Putting up a new enterprise may sound very hard, but for the entrepreneur, nothing is impossible to achieve. Innovation, creativity, leadership, being a risk-taker, and having the right inner drive or passion are some of the keys to being a successful entrepreneur. If you possess these things, nothing can stop you from being one of the biggest names in the marketplace.

There are thousands of opportunities that you can find from emerging communications, culture, and science and technology. All you need to do is identify these business opportunities and turn them into a real business enterprise. However, choosing an excellent business opportunity requires careful study and market research. Even if entrepreneurs are known to be risk-takers, they still have to make sure that they are entering a good business.

If you want to know more about the definitions of an entrepreneur, you can effortlessly search for the meaning of the word in popular search engines like Google and Yahoo. By using the power of the internet, you can find a lot of definitions for you to understand the word much better. There are many resources to find online; all it takes is diligent research.

Being an entrepreneur is an exciting and challenging task. If you have the guts, the capital, the true inner passion, appropriate qualities, and skills, don’t hesitate to introduce something new to the market.

Besides, most customers like new stuff. So what are you waiting for? Study the market and see if you can enter it and become a new entrepreneur.

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