Why getting the highest qualifications doesn't guarantee you a promotion or success in your business? Look no further than the top innovators and bosses of the most valuable companies in the world for case studies.
Famous case studies
Steve Jobs - dropped out of Reed College despite its expensive school fees because he was "bored" with attending the countless number of courses there.
Bill Gates - did not have a definite study plan while a student at Harvard and spent a lot of time using the school's computers. He wanted to start his own computer software company and had talked this decision over with his parents, who were supportive of him.
Mark Zuckerberg - according to The Facebook Effect, Zuckerberg “took five minutes to decide” that he would drop out of Harvard. He was half-way through.
Michael Dell - was a freshman pre-med student at the University of Texas who
dropped out of college at 19 to run the company that would become Dell Inc.
Sheldon Adelson - is another billionaire lacking a degree but possessing plenty of hustle. Adelson enrolled at City College of New York but didn’t finish, probably because he was too busy with other ventures.
Dirty secret #1 - Experience and skills vs qualifications and technical skills
When it comes to starting a business or positions at top levels in an organisation, experience and skills always triumph over intellectual/technical skills and academic qualifications.
Have you ever took notice and asked yourself:
- Why some people are stuck in the same job and position for years?
- Why is it that people with less job experience can climb the ladder faster than others with more job experience?
- Or why are bosses who were once school dropouts are managing the highest academics and smartest graduates and still earn far more than them?
Dirty secret #2 - Being able to manage people and relationships is key
The top people who earn the most in any industry are usually the ones who know how to manage people! Its that simple really!
You may think that's totally unfair! But just ask yourself why people who know how to manage others are more highly valued than those with technical skills?
But why is managing people important?
The reason may come as a surprise:
1) These people are the minority - throw a stone blindly and you can easily find someone with technical abilities - but you won't easily find someone who can adapt to make things work and manage people; its a skill that isn't taught in schools.
2) They are the cornerstone of any business/company - without them everything falls apart leading to company losses and everyone else in the company can kiss their high-paying jobs goodbye!
Disadvantages of not being confident
By the way, did you know there are downsides to not being a people's person?
Yes thats right, its the "eat or be eaten" mentality out there in the real working world. Here are some problems that may arise if you suck at handling people:
- Work longer hours and harder without ever being recognised or appreciated; while your boss/manager gets most of the credit and recognition
- Have no "voice" in matters concerning you and your work
- Watch others younger and less experienced juniors get promoted faster while you are stuck in your pathetic job position
- Work till old and retire without ever being able to enjoy financial freedom and to do the things you always wanted to
- Other possible challenges
Start building your people skills and value experience over qualifications, especially when it comes down to making such related decisions that will affect your career path and ultimately your destiny.