Statistics have it that just like in music, less than 1% of people who start out in life by dropping out of school eventually make it to million dollar status in life. What research and motivational books doesnt explain so far is the reason why this is so.

Many young men and women after reading books and biographies of rich men all around the world decide who quit school to become billionaires are motivated to drop their school bags too. Many they continue in this less troden path until they become blatant failures in life without knowing why.


Using Nigeria as a case study, I would mention some of the major less mentioned reasons why most people who drop out of school never made it:

1. They drop into loneliness: What many people dont know is that about 98% of the people who dropped to become billionaires did it in pairs - they had close friends who dropped out with them and started the journey together with them.


a. Bill gates fouder of microsoft had Paul allen
b.Mark Zuckerberg founder of facebook had Dustin Moskovits, Eduardo Saverin, Chris Huges, Sean Parker
c. Steve Jobs founder of apple had Steve Wozniak
d. Sergie Brin founder of Google had Larry Pages
And so on. Many Nigerians who drop out of school, attempt to start out alone - this is usually disastrous though a few number of people have succeeded that way.


Here are the few number of people who have succeeded alone:
a. Matt Muttenweg founder of wordpress
b. Seun Osewa founder of Nairaland.


2. They drop into confusion: Not knowing what to do in life to make a living is a big problem. Most people who drop out of school drop into complete confusion because they had no plan before dropping out. The whole path to the future become a complete maze. They never planed what to do after school. Contrary to this approach, billionaires who dropped out of school were already pretty certain on what to be after school. Founder of virgin atlantic airways already owned a newspaper coy by the time he was droping out of school.


3. They drop out of laziness: Most people who fail in life woefully after droping out of school actually dropped out of school as a result of sheer laziness. They couldnt just study hard enough to pass so take the usual excuse that most billionaires around the world dropped out of school to become billionaires. Funny enough, most billionaires who dropped out of school were actually workaholics by the time they were dropping out of school. Bill Gates already landed a software production contract with IBM before he said goodbye. Mark Zuckerberg had already built 'TheFacebook' before he called it quits.


"When I called my mum and told her i was dropping out of school, she laughed and said she knew I was never going to finish school when she saw the way I worked" -Mark Zuckerberg founder of facebook.


So why quit school if you can still continue.


4. They drop into thorny grounds: Most billionaires who dropped out of school had a soft landing. They had rich or average parents who provided some sort of key support for them after they dropped out. Bill Gates had a well to do magistrate as his father and a mother who helped him secure the big contract at IBM. Mark Zuckerberg's parents supported him with $85,000 loan when he started. Aliku Dangote, had a rich uncle who helped set him up in business and supported him through the early stages.
(check my other writeups)
There are few exceptions to this though, people like steve jobs the founder of apple and Atiku Abubakar, one time vice president of Nigeria actually started from the bottom. But there is something else to look at - they had a condusive economic climate. Things usually go as planned. Softwares and softwares dont get pirated as much. Its easier in their respective countries to find 1 million people who can easily buy your product online for $1 just to test it.


Its far easier to find investors there because of enlightenment. Generally, most people who made it landed on soft grounds.


5. They drop out of school and out of learning: Most people who fail after dropping out of school actually dropped out of school and out of studying. The truth is that no one can succeed without self education. Learning new tricks of the trade, under standing the stock market, studying econmics and accounting and so on. Quote me anyday, Self education is priceless.


6. They drop into a non profitable business or idea: Before dropping out of school, most people who did, actually had a profitable business that was already making some sort of income or gaining traction. Nairaland had 300 members in its first month. Facebook was already the talk of the town with over 20000 members before Mark Zuckerberg quit. Wordpress was already the blogging CMS with a community.


Most people who loose in life after quitting school actually never had a working idea before quiting, they quit then try to work it out - wrong.


So if you are planing to quit school or know any one who is planning to quit using my one simple self-examination question "do i already have a profitable business that will suffer if i continue school?" . If your answer is know, my good friend, its not yet time to quit school. Try to keep running the business while pushing forwared in your academics. Strike a balance between business and study hours and keep moving.


Here is my one simple line advice for anyone who intends to drop out of school. "Dont drop out of school until it is absolutely impossible to continue" Or "dont drop out of school before your monthly business income surpasses your school fees".

EDITOR's SOURCE

false news.
Aimed at damaging d'banj's reputation.
May have been sponsored by don jasky

50 cents does it - its not arrogant.
Wayne does it - its not arrogant.
This dude does it - it becomes arrogant!

With the right idea at the right time in mobile apps for smartphones.

Kevin Systrom won the start-up sweepstakes this week when Facebook Inc. said it would pay $1 billion in cash and stock for his photo-sharing app maker, which has a loyal following of 30 million users but never made a dime.

Facebook Chief Executive Mark Zuckerberg called Systrom to personally negotiate the deal for the social media giant, which is expected to fetch a valuation of $100 billion as soon as next month when it begins selling shares to the public. Zuckerberg promised Systrom that Instagram, which has just 13 employees, could operate as an independent company.
It was an unusual concession, but it was also the third time that Zuckerberg had tried to woo Systrom. The first time they crossed paths was in 2004, when Systrom was a Stanford undergrad building a photo-sharing service. Facebook was working on its own photo-sharing feature and asked Systrom to join the company. Systrom wrestled with the decision but turned down the job offer.

Years later, when Instagram caught fire as a free photo-sharing app on mobile devices, Facebook tried to buy the company. Again, Systrom said no.
Systrom, who owns 40% of Instagram and serves as its chief executive, declined to comment Tuesday, citing the quiet period leading up to Facebook's initial public stock offering.
In an interview with The Times last year, Systrom said he was determined to create a "social tool for social life on the go." He never once doubted that he was building a $1-billion company that could withstand scorching competition from Facebook and others.
"We want to change the way people communicate and share in the real world," Systrom said.
Though still in its infancy, Instagram already posed a competitive threat to Facebook, whose future depends on getting people to share more — and look at more ads — on their smartphones. Analysts said Facebook couldn't pass up the chance to buy Instagram.
On Friday, Instagram closed a $50-million funding round led by Sequoia Capital, which valued the company at $500 million. On Monday, Facebook announced its deal to buy the San Francisco company for twice that amount, doubling Instagram's value in 72 hours.

It was the biggest acquisition Facebook had ever made, and it made Systrom instantly rich.
"In Silicon Valley, there's still too much money chasing too few ideas. If your idea is brilliant and your timing is right, you can become a multimillionaire overnight," Silicon Valley futurist Paul Saffo said.
Systrom, who is likely to play a major role in Facebook's push into mobile devices, grew up outside of Boston, playing with computers, developing his own computer games and taking photographs. He got his first digital camera when he went to summer camp and took a Photoshop class.
"It was the coolest thing ever," he said. "You could mess with photos, change the colors and make cool stuff."
He enrolled at Stanford. He still thought of photography as a hobby, even after he was approached by Zuckerberg and Adam D'Angelo, then Facebook's chief technology officer.

SOURCE:
http://braintem.com/dwitches/view/214/meet-kevin-systrom:-the-28-year-old-who-made-$400-million-in-18-months!.html

Braintem.com has many many more of such great stories worth checking out