Does Bill Gates college dropout example present any hopes, dreams or lessons for anyone who is feeling like dropping out of college this year? What are the statistics of college dropout success?
In a study carried out on over 11,000 US leaders, it was found that 94% of them attended college. While a remarkable 50% of them attended elite schools.
There are approximately 325 million people living in the US of these over 214 million are working adults.
I am curious as to how many of the remaining 213,988,260 consider themselves unsuccessful.
I know that scientifically speaking the 11,000 people that were surveyed represents a good quadrant of the population.
However, is it sufficient to prove that college dropouts are generally not successful?
When you compare it to the other 213 million working adults the number of 11,000 does not seem to represent a fair average in the grand scheme of things.
Should success be measured against one person's accomplishments? Should we use the "Bill Gates college dropout" example as the ultimate pinnacle from which everyone else should be measured?
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Bill Gates College Dropout
Let's spend some time looking at the story of Bill Gates as a college dropout. He entered Harvard in 1973 and two years later he dropped out of college.
Together with his childhood friend Paul Allen he set up Microsoft.
He went on to say that staying in school is a good thing. The only reason why he dropped out of college is that he did not want to miss the personal computer revolution.
In an article in 2017, Bill Gates said that the 45.2% dropout rate is tragic.
"Without more graduates, our country will face a shortage of skilled workers and fewer low-income families will get the opportunity to lift themselves out of poverty,"
He is not the only successful person who is a school or college dropout. Here are 10 other well-known entrepreneurs who are college dropouts that continue to defy the odds.
As you can see the founders of Apple, Uber, Whole Foods, Dell and Twitter are all college dropouts.
So maybe let's look at another example of someone else who is a college dropout and became successful.
Steve Jobs College Dropout
Steve Jobs dropped out of college at the tender age of 19.
He went on in 1976 to build his first commercial product in his parent's garage together with his co-founder Steve Wozniak. The product that they built was called the Apple 1.
He did take a calligraphy course in college which he credited as the inspiration for beautiful typography on the Mac.
As I am sat here writing this article on a Mac all I can say is thanks to the both Steve's.
In a speech at a Stanford commencement address, Steve Jobs advised the graduands to "do what you love. Have the courage to follow your heart and intuition. They somehow already know what you truly want to become."
Jobs went on to be the co-founder of Pixar after a falling out at Apple in 1985. He later reconciled with Apple in 1996 where he went on to make Apple a success.
What we can learn from this story is that although college did not make Steve Jobs who he was it contributed to his success in some small way.
College Dropout + High School Dropout Alternative Paths
I would encourage anyone who is considering dropping out of high school or college to stay there for as long as you possibly can. There are some key skills that can be acquired at these institutions.
The truth is I have two degrees and I am thankful for them as I learned a lot of what I did not like in college. In fact, when I was at college I had no idea what I wanted to do.
I finally found my passion but there was not a college course for it at the time I attended college.
If you are not sure what your passion is yet then that is okay as you have lots of time to decide.
The surprising fact is that you need to do what you love in order to be in that happy place where you are fulfilling your purpose and even serving the world with your talent.
Many people believe that college is hard. I can tell you for a fact that finding your passion and purpose in life is even more difficult than college itself.
Some people are lucky in that they have it all figured out as a teenager. Others don't find it until late into their 40s, 50s and 60s.
How to Find Your Passion + Purpose
Most people have a small, very faint idea of what lights their fire but they are not sure about the specifics.
For example, I knew I was interested in technology for many years but as to exactly what in technology I did not know.
It was not until 10 years passed before I knew I had a genuine interest in digital marketing. I know what you are thinking, digital marketing is so broad.
The short answer is I am still on that journey. It is so exciting to finally understand my passion and I invite you to do the same.
Here are some things that you can do to help you on that journey.
- Find a mentor
- Join free webinars
- Join a 'starting a business' program
- Sign up for a short course
- Attend a conference
- Start a blog
These are the things that helped me narrow my focus. I now have 3-4 mentors in different areas of the digital marketing spectrum and I am hoping to hire another 3-4.
The vast majority of skills that I acquired for digital marketing I learned outside of college and informally via webinars and courses.
How to Find a Mentor?
If you are at the stage where you have no idea how to go about finding a mentor then have no fear I can guide you in this area as well.
I spent several years looking for a mentor and the reality is they were all right under my nose.
Everyone's path to success is different so in most cases, a single mentor will not necessarily be sufficient at the start of your journey.
The first step in finding the right mentor for this part of your journey is knowing what you are passionate about right now at this very moment.
What would you like to get training about first? What are you most curious about today, this week, this month? If you are interested in learning something chances are you will go on the journey.
For example, when I first started I wanted to learn how to create my own website. If you know anything about digital marketing that is probably something that is not necessary.
However, I just wanted to learn to create my own website so much that I just had to get it done.
It was only after creating the first website that I realised that I was more interested in the marketing aspect.
Where to Find a Mentor?
The best places to find a mentor is online. I did try several sites like themuse.com before I finally found my first good mentor.
I can also recommend a few of my favourite coaches to you. Here is a shortlist for you to choose from:
Writing - if you would like to become a writer but you have no idea where to start then I would recommend that you check out Elna Cain's course here.
Want to start a blog? Then you can take advantage of the start a blog in 10 days challenge here.
Interested in driving traffic to your blog from Pinterest? Take advantage of this Pinterest for beginners course here.
Are you more interested in becoming a paid marketer on Facebook? Then check out this free webinar here that will change your life in 12 months or less.
If you are a new Mother and you would like to become a stay at home Mom then take a look at this cool course here that teaches you how to become a VA.
None of the courses requires that you have a high school certificate or a college degree.
However, they do offer the opportunity for anyone with a passion for learning to implement what they teach in order to become successful.
5 Key Bill Gates College Dropout Lessons
If you look at the example of Bill Gates and Steve Jobs none of them was given their success on a silver platter. It took them many years of hard work to become successful.
Here are 5 key lessons that you can learn from them:
- If you drop out of college find an alternative path
- You can 10X your success with a business partner
- Waiting for success to show up at your front door just will not happen
- Get to know who you are and what makes you tick
- Always be learning
There are many paths that lead to success it is up to you to develop yourself personally by finding a coach and investing in yourself.
My Favourite Motivational Resources
If you need to motivate yourself to start your journey or even continue on that path to success, here are seven books that I would recommend that offer alternative paths to success.
- The Traveler's Gift by Andy Andrews
- Four Hour Work Week by Tim Ferris
- It's Rising Time by Kim Kiyosaki
- The One Thing by Gary Keller
- Purpose Driven Life by Rick Warren
- The Little Book of Thinking Big by Richard Newton
- The Promise of a Pencil by Adam Braun
It is important to not let society dictate the path you should take to become successful. Everyone should not need to gain the life they have always dreamed of by having a college degree.
There are hundreds of alternative ways to legally become the person you are meant to be and fulfil your purpose here on earth.
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