I am always ready to learn although I do not always like being taught.
A friend (let’s call him E), told me about a conversation he had with a wealthy veterinarian.
E: how did you become so successful in your field?
Vet: between the hours of 4 to 7am many people go to the gym. I spend that time reading and training my mind.
Reading is an activity but what should be the ultimate result is mental training.
Some athletes train up to 4 hours a day in order to play their best for 90 minutes. Many entrepreneurs play(work) 12 hours a day with no training and yet expect to receive the best from their businesses.
Whether you should get an MBA, MSC or read a book a day is not the focus. The focus should be on getting the best mental training available to make you the most valuable person in your field. This could be through studying the best books on the topic that interests you the most or getting an apprenticeship. Whatever we do as entrepreneurs, it’s important that we train our minds. It’s the responsible thing to do as value creators.
Answer this question: if you weren’t the owner of your business, would your biggest competitor hire you to run his or business?
As going to the gym is training for the body, studying the principles of business is training for the mind.
To end with a quote from Abraham Lincoln,
Upon the subject of education, not presuming to dictate any plan or system respecting it, I can only say that I view it as the most important subject which we as a people can be engaged in. That every man may receive at least, a moderate education, and thereby be enabled to read the histories of his own and other countries, by which he may duly appreciate the value of our free institutions, appears to be an object of vital importance, even on this account alone, to say nothing of the advantages and satisfaction to be derived from all being able to read the scriptures and other works, both of a religious and moral nature, for themselves. For my part, I desire to see the time when education, and by its means, morality, sobriety, enterprise and industry, shall become much more general than at present, and should be gratified to have it in my power to contribute something to the advancement of any measure which might have a tendency to accelerate the happy period.
–March 9, 1832
Which forms of mental training work best for you? Reading? Apprenticeship/Internships?
A good book on training the mind is Releasing The Creative Power Of The Mind