Tracy Nutt - Stay in School

Course Videos

25 Nov 201901:03

Summary

TLDRThe speaker emphasizes the importance of staying in school by sharing their personal experience. They returned to education later in life to acquire necessary business skills, realizing it would have been easier had they pursued it earlier. The speaker reflects on the long journey of night school, the sacrifices made, and the missed opportunities with family. They highlight the relative short duration of formal education compared to a career span, questioning the rush to leave school and advocating for completing education to better prepare for future endeavors.

Takeaways

🏫 The speaker emphasizes the importance of staying in school, reflecting on their personal experience.
👨‍💼 The speaker lacked the necessary skills to run businesses, which they realized after starting their own.
👨‍👩‍👧‍👦 Despite being married with two children, the speaker chose to go back to school to acquire a degree.
🌙 The speaker attended night school, which was a challenging and time-consuming process.
🔄 The process of obtaining a degree took ten years, impacting the speaker's personal life and family time.
🚀 The speaker believes that if they had stayed in school initially, they could have progressed faster in their business ventures.
🏢 The speaker regrets rushing to leave school and not acquiring the necessary skills earlier.
💡 The speaker suggests that the time spent in school is relatively short compared to a career, questioning the rush to finish education quickly.
🔢 The speaker highlights the potential benefits of a longer educational period, such as better preparation for future career challenges.
👨‍🎓 The speaker's experience serves as a cautionary tale, advising others to consider the long-term benefits of staying in school.

Q & A

Why did the speaker decide to go back to school?
-The speaker realized they lacked the necessary skill set to effectively run their businesses.
What challenges did the speaker face while attending night school?
-The speaker had to balance attending night school with being married, running two businesses, and raising two children.
How long did it take the speaker to complete their degree through night school?
-It took the speaker ten full years to complete their degree through night school.
What sacrifices did the speaker make while pursuing their degree?
-The speaker missed out on some evening activities with their family and had to forgo other things to attend night school.
Why does the speaker believe they were in a hurry to leave school initially?
-The speaker reflects on their past and questions why they were in such a hurry to leave school, suggesting they did not fully understand the value of education at the time.
What impact did the speaker's decision to go back to school have on their business?
-The speaker believes that if they had stayed in school and acquired the necessary skills earlier, they could have progressed further in their businesses more quickly.
How does the speaker compare the duration of education to the working life?
-The speaker points out that people spend 20-25 years in school compared to 35 years at work, implying that there is less urgency to rush through education.
What advice does the speaker give regarding staying in school?
-The speaker advises staying in school to acquire the necessary skills and knowledge that can prepare one for future endeavors, such as running a business.
How does the speaker's experience highlight the importance of continuous learning?
-The speaker's experience underscores the value of continuous learning and acquiring new skills to adapt to and excel in one's professional life.
What is the speaker's perspective on the timing of education in relation to career and life goals?
-The speaker suggests that education should not be rushed and that it is better to invest time in learning while young to reap the benefits in one's career and life.
How does the speaker's personal journey reflect a common dilemma faced by many adults?
-The speaker's journey reflects the dilemma many adults face of returning to education later in life to acquire skills they did not get earlier, often while managing other responsibilities.

Outlines

00:00

📚 The Importance of Education for Business Success

The speaker emphasizes the significance of staying in school due to their personal experience of returning to education later in life. They initially lacked the necessary skills to manage businesses effectively, which led them to attend night school while juggling family and work responsibilities. The speaker regrets leaving school early and believes that having the right education from the start would have made their business journey smoother and more efficient. They highlight the long-term commitment to education, comparing the 20-25 years spent in school to the 35 years in the workforce, questioning the rush to leave school and advocating for the value of a solid educational foundation.

Mindmap

Keywords

💡Stay in school

The phrase 'stay in school' is an encouragement for individuals to remain in the educational system to complete their education. In the context of the video, it is the speaker's advice based on personal experience, emphasizing the importance of acquiring necessary skills through education before venturing into business. The speaker regrets leaving school early and suggests that staying in school could have better prepared them for their entrepreneurial endeavors.

💡Skill set

A 'skill set' refers to a collection of abilities and knowledge that an individual possesses and can apply to various tasks or professions. In the video, the speaker acknowledges the lack of a necessary skill set for running businesses, which led them to go back to school to acquire the required competencies. The term is central to the narrative as it illustrates the gap between the speaker's initial capabilities and the demands of their entrepreneurial pursuits.

💡Businesses

The term 'businesses' denotes commercial, industrial, or professional entities engaged in providing goods or services with the aim of making a profit. In the script, the speaker mentions having two businesses, which were the primary motivation for them to return to school to gain the skills needed to manage and grow these enterprises more effectively.

💡Night school

Night school is an educational program typically held in the evenings to accommodate students who work or have other daytime commitments. The speaker attended night school to earn their degree while balancing family and business responsibilities. This concept is significant in the video as it represents the speaker's dedication to education despite the challenges of managing multiple aspects of their life.

💡Degree

A 'degree' is an academic qualification awarded by an institution of higher learning upon the completion of a course of study. In the video, the speaker pursued a degree through night school to fill the skill gaps they identified in their business management. The degree symbolizes the formal education and credentials the speaker sought to enhance their professional capabilities.

💡Slogging

To 'slog' means to work hard and persistently, often under difficult conditions. The speaker describes their ten-year journey in night school as 'slogging it out,' indicating the effort and perseverance required to balance education with family and business responsibilities. This term captures the struggle and commitment involved in the speaker's educational pursuit.

💡Family

The term 'family' refers to a group of individuals related by blood, marriage, or adoption, who often live together and share common values and goals. In the script, the speaker mentions having a family with two children, highlighting the personal sacrifices made in terms of time and attention while they were pursuing their education.

💡Progress

Progress refers to the act of moving forward or improving in a particular area. The speaker believes that had they stayed in school and acquired the necessary skills earlier, they would have made faster progress in their businesses. The concept of progress is central to the video's message, suggesting that education can be a catalyst for personal and professional advancement.

💡Hurry

The term 'hurry' implies a sense of urgency or haste. The speaker reflects on their earlier impatience to leave school, questioning the rush and suggesting that taking the time to acquire an education could have been more beneficial in the long run. The concept of 'hurry' is used to contrast the speaker's past mindset with the wisdom gained through experience.

💡Years

In the context of the video, 'years' is used to denote the duration of time spent in different stages of life, such as education and work. The speaker compares the 20-25 years spent in school to the 35 years in the workforce, emphasizing that the time spent in school is a relatively smaller portion of one's life and not something to rush through.

💡Workforce

The 'workforce' refers to the total number of people employed or seeking employment in a particular country or industry. The speaker uses the term to highlight the longer duration typically spent working compared to the time spent in education, suggesting that the investment in education is worthwhile given the longer-term professional benefits.

Highlights

The importance of staying in school for acquiring necessary skills for business.

Personal experience of going back to school to gain skills for business management.

Challenges faced with balancing family life, business, and education.

The realization that obtaining an education earlier could have eased the business journey.

The time investment of ten years in night school to get a degree.

Sacrifices made by missing out on family events due to night school commitments.

Reflection on the rush to leave school and the potential benefits of staying longer.

The comparison between the duration of formal education and working life.

The notion that school provides foundational skills for future business success.

The idea that education could have accelerated business growth.

The impact of education on personal and professional development.

The long-term benefits of education versus the short-term gains of early entry into business.

The value of patience and the potential pitfalls of rushing through education.

The role of hindsight in understanding the importance of education for business.

The suggestion that staying in school could lead to quicker business progression.

The life lesson learned from the experience of returning to education as an adult.

The broader message about the significance of education in one's personal and professional life.