There are few things I enjoy more than learning and applying what I have learned. There are days, I contemplate going back to school to get my MBA. However, when I knock some sense into myself, I realize that going back to school is incredibly expensive. More importantly, this form of learning hasn’t proven successful to me in the past.
Since I never plan on working for anyone that requires an MBA, it makes more sense to go out and get the education in my own. This method is much cheaper and a better use of my time.
My Plan of Attack – Step # 1 – Defining End Result
The idea to create you own MBA equivalent, isn’t anything new. There are many books and websites on the topic.
When I began to brainstorm how I would go about this, I started by asking myself why? I came up with the following two reasons:
- I want to apply what I have learned, to make Gen Y Wealth profitable enough to reach my Target Monthly Income.
- I want to help grow my family business. I come from a long line of business owners. My great grandpa started an insurance company in 1905, that’s still around today. My dad now runs the insurance company, a long with a few other businesses. As of right now, he plans on passing each business down to myself and my siblings. When that time comes, I want to actively grow each business.
Step # 2 – Naming Irreplaceable Skills Sets
- Business Management
- Finance & Accounting
- Research and Analysis
- Decision Making
- Behavioral Change
- Public Speaking
- Critical Thinking
- Marketing & PR
With two years of focused learning, I believe I can develop the above skills, to be in the top 2-3% of comprehension for each.
Step # 3 – Developing the Learning Materials
So far, I knew the end result I wanted to achieve and the skills to get there. The next step is outlining the course work.
After some careful consideration, I wanted a combination of reading, listening, video, and doing. I came up with the following:
- Read every book on the PMBA Reading List
- Read every book recommended by Steve Blank, not on the PMBA list
- Read the Y-Combinator Start Up Library
- Read all 50 articles on Jim Collin’s Site
- Read each Warren Buffet Shareholder Letter
- Read the the best of Marc Andreessen’s Blog
- Read the entire archives of Paul Graham’s Essays
- Read the entire archives of MBA Monday at A VC
- Read 25 Harvard Case Studies
- Watch 20 Must See TED Talks
- Take 12 Successful Entrepreneurs/Business Owners to Lunch
- Give 12 Speeches at Toastmasters
- Attend 1 Annual Berkshire and Hathaway Shareholder’s Meeting in Omaha, Nebraska
- Write an eBook on what I learned and give it away for free
- Live out of the United States for 30 consecutive days
Step # 4 – The End Date
All that was left was to give my goal an end date. How does, October 1, 2012 sound? I will update you, each month in my monthly reviews.
If you want to create a similar learning experience, just follow the steps I just discussed.
- Ask yourself why
- Define the skill sets you need
- Develop the learning materials
- Set an end date
Photo by: SBA73