Small Business Q&A: Achievements Outweigh Education and ExperienceWritten by Tim Knox
Q: When it comes to succeeding in business, which do you think is more important: education or experience? -- Regina M.A: Regina, have you seen television show, Fear Factor? If you haven't seen it you've probably heard about it. Fear Factor is show where they put contestants through all sorts of pseudo-death defying feats like bungee jumping off a bridge over a pool of crocodiles and driving a car through a wall of fire (you know, stuff we did for fun in high school). The contestant who overcomes their personal fear factor wins cash and prizes (usually at cost of their dignity, but I digress). The highlight of Fear Factor is eating competition. That's when contestants are invited to partake of all sorts of culinary fare. Yummy stuff like monkey brains, all manner of live bugs and spiders, moose intestines, old fruitcake (the horror!), and my personal favorite, live giant worms. At this point competition becomes not so much who can overcome their fear actor, but who has lowest gag reflex. Your question makes me feel a little like those contestants, Regina, because no matter how I answer I am opening a can of giant worms that I will undoubtedly be forced to eat later. My highly educated peers will argue that education is much more important than experience, while my highly experienced peers will argue that experience is more important. Either way, it's worms ala carte for me. Oh well, I've eaten more than my share of crow over years. How much worse can worms be? It's important to understand that success of an entrepreneur is not measured by how much education he or she has or how many years of experience are under his or her belt. An entrepreneur's success is measured by achievements, not words on a resume. By definition, an entrepreneur is a risk-taking businessperson: someone who sets up and finances new commercial enterprises to make a profit. Entrepreneurs start businesses. The smart ones then hire MBAs to run them. Let's start with education. Is a Bachelor's degree or better required to succeed in business? Of course not. An MBA from Harvard might give you a leg up in a job interview, but it certainly doesn't guarantee that you will succeed in business. Nor does it automatically mean that you will be a better business person than someone who didn't finish high school. Knowledge is a good thing - if you know what to do with it. Perhaps it is academic environment itself that turns mere mortal nerds into budding entrepreneurs. The late '90s proved that college students with no experience beyond organizing a frat keg party could start businesses that would exceed all expectations.
| | Managerial Survival KeyWritten by Robert A. Kelly
Please feel free to publish this article and resource box in your ezine, newsletter, offline publication or website. A copy would be appreciated at bobkelly@TNI.net. Word count is 835 including guidelines and resource box. Robert A. Kelly © 2003. Managerial Survival Key For business, non-profit or association managers like yourself, survival pretty much depends on whether you achieve, or fail to achieve your department, division or subsidiary objectives. Which strongly suggests that, if you haven’t already done so, you may wish to employ a set of tools that will help you persuade your most important outside audiences to your way of thinking, then move them to take actions that lead to your success. The tools comprise fundamental premise of public relations: people act on their own perception of facts before them, which leads to predictable behaviors about which something can be done. When we create, change or reinforce that opinion by reaching, persuading and moving-to-desired-action very people whose behaviors affect organization most, public relations mission is accomplished. And promise those tools hold for managers are behaviors like new prospects and more existing buyers, repeat purchasors, highly qualified job seekers, new capital contributions, increased membership referrals or more proposals for strategic alliances. But there is work to do. You need information about those key external audiences. What do they know about your unit and its operations? How familiar are they, if at all, with your services or products? Have they ever worked with any of your people? Was experience positive? Tell public relations folks assigned to your department, division or subsidiary that you want answers to those questions. And for simple reason that how those important outside audiences perceive your operation usually leads to behaviors that can help or hinder you in achieving your objectives. Work with them on a list of your key external audiences whose actions most affect your operations. Put those groups in priority order and let’s have a go at #1. Remember that success of your new public relations effort depends heavily on how well you gather these key audience perceptions. Here, you have a choice. You and your PR staff can interact with members of that target audience, which seems appropriate since your PR folks are already in perception and behavior business. Or, if a substantial budget is available to you, you can hire professional survey counsel to do work for you.
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