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 founder 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 (read my write up on starting the right business). 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.

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 conducive economic climate. Things usually go as planned. Software and software don't 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".
- Source: Brainterm http://brain tem.org/twists/view/124335

Lol. Tell that to the ibo boys in Idumota, Alaba etc, the hausa abokis who have their own businesses, land and cattle and compare their numbers with the amount of unemployed graduates including graduates that can't fill their NYSC forms and the ones that can't compose a simple essay. Don't forget the graduates that have been employed by these drop outs and then you can come back and delete this thread

hahn:
Lol. Tell that to the ibo boys in Idumota, Alaba etc, the hausa abokis who have their own businesses, land and cattle and compare their numbers with the amount of unemployed graduates including graduates that can't fill their NYSC forms and the ones that can't compose a simple essay. Don't forget the graduates that have been employed by these drop outs and then you can come back and delete this thread

True talk, always get correct articles from Brain tem .org

hahn:
Lol. Tell that to the ibo boys in Idumota, Alaba etc, the hausa abokis who have their own businesses, land and cattle and compare their numbers with the amount of unemployed graduates including graduates that can't fill their NYSC forms and the ones that can't compose a simple essay. Don't forget the graduates that have been employed by these drop outs and then you can come back and delete this thread

No one is saying you shouldn't drop out,,,,,,,all the writer said is ''get a life before you do!!''

Have a friend who dropped out in 500l,,roamed the streets for about a year,,,he's back in school now, at 28years! He'd have made a better decision had he seen this writeup; I guess.

unofficial:


No one is saying you shouldn't drop out,,,,,,,all the writer said is ''get a life before you do!!''

Have a friend who dropped out in 500l,,roamed the streets for about a year,,,he's back in school now, at 28years! He'd have made a better decision had he seen this writeup; I guess.

The op is actually right. Unless one is totally convinced that he needs to drop out or in some cases has to drop out due to financial reasons, one might not succeed. Success, irrespective of your educational background, is governed by certain principles. If you're not focused, determined or desciplined while you're in school, you'll not succeed even after dropping out.

I just had to speak on behalf of people who don't have the luxury of going to school in the first instance. Coincidentally, most of the ibo boys and abokis that started their own businesses had to learn the trade for years, some even up to 7 years before they are able to go out on their own. That is also education. I believe the op mixed up schooling and education. In most cases, you have to be determined to educate yourself and learn constantly in order to achieve your goals.

hahn:


The op is actually right. Unless one is totally convinced that he needs to drop out or in some cases has to drop out due to financial reasons, one might not succeed. Success, irrespective of your educational background, is governed by certain principles. If you're not focused, determined or desciplined while you're in school, you'll not succeed even after dropping out.

I just had to speak on behalf of people who don't have the luxury of going to school in the first instance. Coincidentally, most of the ibo boys and abokis that started their own businesses had to learn the trade for years, some even up to 7 years before they are able to go out on their own. That is also education. I believe the op mixed up schooling and education. In most cases, you have to be determined to educate yourself and learn constantly in order to achieve your goals.

true word

BIG LIE!!!

TRASHY TALK!

Majority of Nigerian dropouts make it most.

I don't start listing them out for you, go back and do your research.



* USES THREAD TO CLEAN SWEAT FROM FACE*

But there are thousands of graduates who don't make it in life too

eph12:
But there are thousands of graduates who don't make it in life too

of course, that one dey

Whether u went to school or not, have a plan. Infact have plan A and B and if possible C! In Nigeria, u can never be sure of what the future holds. Graduate or no graduate, u must network and know people that matter, cos here its about who you know.

LaurelP:
Whether u went to school or not, have a plan. Infact have plan A and B and if possible C! In Nigeria, u can never be sure of what the future holds. Graduate or no graduate, u must network and know people that matter, cos here its about who you know.

exactly

Good writeup I love it keep it up.

good4all:
Good writeup I love it keep it up.

But mods wont send it to front page

LaurelP:
Whether u went to school or not, have a plan. Infact have plan A and B and if possible C! In Nigeria, u can never be sure of what the future holds. Graduate or no graduate, u must network and know people that matter, cos here its about who you know.

A plan, thats already proven itself by working a little atleast.

acidtalk:
BIG LIE!!!

TRASHY TALK!

Majority of Nigerian dropouts make it most.

I don't start listing them out for you, go back and do your research.

but did u even read the post?

Nice write up at Op.

If one lacks focus,determination or a 'can do' mind set whether or not he stays in school,he would remain as he is.

beau49:
Nice write up at Op.

If one lacks focus,determination or a 'can do' mind set whether or not he stays in school,he would remain as he is.

you are right. a 'can do' mind set

Follow your time passion..

If you aren't cut for education, then drop it.

you are right

Conclusion. Dropping out of school should only be for people who know what they want to do with their life. If you re not sure yet please stay in school.

KillerBeauty:
Conclusion. Dropping out of school should only be for people who know what they want to do with their life. If you re not sure yet please stay in school.

exactly

But I kinda wish I dropped out though.

Hmmm...perusing...
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#MakeNaNoForgetTheSpiritualFactorOoo!

Yp

i had to dig out this post for all to see

Seun:

If this is true and he has no carry-overs or other problems then I don't see why he should drop out. The degree is very useful and he'll regret not having it, though it won't stop him from being successful in business. I didn't drop out of uni to pursue Nairaland, I dropped out because I had issues that made it hard for me to cope, and those issues were not solved because we didn't understand them. By the time I started pursuing business, I would have had to start again from square one, so I decided to use those 5 - 6 years for business instead.

Bill Gates took a break from university because he discovered a once-in-a-lifetime business opportunity that he could not afford to miss. If Microsoft hadn't become such a phenomenal success, he would have returned to school. So maybe your friend should just take a 1 year break to face his business. I believe there's a provision for that if he notifies the school authorities in advance instead of just leaving. If after 1 year of business, he still doesn't feel the need to go back to spend just one more year to get his degree, then you can reluctantly support him.

here is the link to that thread https://www.nairaland.com/1966971/#27458081