Agent Entrepreneurs Dec 2015 | Page 6

Why ar ewenot f ixing it ? he ever made? The most interesting part of the story is that after he dropped out of school, he stuck around campus and occasionally visited classes that interested him. He didn?t care about getting the ?credit? for the class, he was interested in learning the subject matter. Bil l Gat es Did you know that Bill Gates, the co-founder of software giant Microsoft and ranked the richest person in the world for a number of years, dropped out of Harvard in his junior year after reading an article about the Altair microcomputer in Popular Electronics magazine? He and his friend Paul Allen formed Micro Soft (later changed to Microsoft) to write software for the Altair. teachers. The problem is NOT the lack of funding. The problem with education is what we are choosing NOT to teach students ? or not allowing our youth to learn. Let them explore areas that interest them. The irony is that our kids have told us the solution but we are choosing not to listen because our education system has been a proven model for generations; therefore, we must have this blinded trust with it. Sir Richard Branson Sir Richard Branson is a self-made billionaire businessman. He founded Virgin Atlantic Airways, Virgin Records, Virgin Mobile, and most recently, a space tourism company to provide suborbital trips into space for anyone who can afford them. Sufferi ng from dyslexia, Branson was a poor student, so he quit school at age 16 and moved to London, where he began his first successful entrepreneurial activity, publishing Student magazine. John D. Rockef el l er I am sure you?ve heard of John D. Rockefeller. Well, two months before his high school graduation, history's first recorded billionaire dropped out to take business courses at Folsom Mercantile College. He founded the Standard Oil Company in 1870, made his billions before the company was broken up by the government for being a monopoly, and spent his last 40 years giving away his riches, primarily to causes related to health and education. Ironically, this high school dropout helped millions get a good education. Walt Disney, Albert Einstein, Thomas Edison, Oprah Winfrey, Tom Hanks, Ray Kroc (founder of the McDonald?s franchise), Mark Zuckerberg (founder of Facebook). The list goes on and on. The problem with education is NOT the 6 In a recent Gallup Poll of students in grades 5 through 12, nearly 8 in 10 students (77% ) said they want to be their own boss, and 45% said they plan to start their own business. Yet schools offer almost no education on these topics ? which is why so many of the greatest entrepreneurs in our country dropped out of school. My goal is to share my knowledge as an entrepreneur with my kids, to empower them with the skill set to be able to create their own job at will. If one of them chooses to become a scientist or a brain surgeon, then yes, I will help her find a way to attend college. But if either of my kids has an idea about a product or service that solves a problem or helps people, I will help her flesh out that idea, figure out how to implement an action plan, and I may even invest in her business, even if I believe it is a risky investment, because I know that whether the business succeeds or fails, the entrepreneurial education she gains in the process is a valuable lesson they don?t teach in college. You only learn it by getting your hands dirty doing it with real life consequences at stake. As a Realtor, I see the lack of entrepreneurial education everywhere I look. There are more than 1 million real estate agents in the U.S. 1 in every 200 people in Idaho, where I live, is a Realtor. Most agents don?t survive a year or two in business. Others who have been in business for decades still struggle to make a steady living. The core problem is not the lack of education opportunities in our industry, it?s the lack of the right kind of education. In my office, I make it a priority to share with my agents how to run a business. We study other successful entrepreneurs and we bounce ideas off each other. From that practice we have not only discovered a better method of selling homes that helps ensure our clients net more money when they sell their home, but we also create happier work/ life environments in the process. We are agent entrepreneurs, while most Realtors are just salesman. The training they get is limited to how to get the next sale. The training WE focus on is how to outperform the rest of the market. There is a big difference. Maybe if our education system was reconstructed to focus more on the trades and entrepreneurial skills, the job crisis we have in the U.S. right now wouldn?t exist. Maybe there wouldn?t be so many struggling real estate agents out there if they were taught in school how to think and operate like entrepreneurs. Maybe we should stop thinking about what is wrong with education and just start fixing the things we know don?t work. I?m starting with my kids at home and the agents in my office ? but I believe we all need to think bigger. - Mike Tuner P.S. I know this is a sensitive subject, but I believe open discussion about it will only help bring more awareness and understanding to tough issues such as this.