Studying abroad is a popular and honored tradition for many students as they go through college. If you had the opportunity to do so, you likely reveled in the opportunity to immerse yourself in a new culture. But while you were busy learning about new cultures, you were also learning some valuable insight about business. You just might not have realized it. Here are three lessons you learned about being successful in business while you were studying abroad.
Jump in with both feet
When you find yourself studying in a foreign country, you don’t have the luxury of taking it slow. You’re living in a new land, completely immersed in the new culture. You now have to completely rely on your language and culture lessons because this is no longer just practice.
When you start a new business, you need to apply the same principles. You need to jump in with both feet and completely apply yourself to your new business and new industry. If you try to cut corners or resist investing the time and energy needed for the business, it’s going to be substantially more difficult to succeed.
Be assertive about learning
When you first arrive in a foreign country, the next six months or year feels incredibly long, but it’s actually quite short. Before you know it, you’re back on a plane coming home. You have only a matter of months to absorb all you can about your temporary country. This means meeting the people, trying the food, seeing the sites, and learning the language. You need to be assertive about learning to maximize your opportunities.
When you start a new business, you need to dedicate yourself to learning as well. Once your business officially opens, you only have so much time financially before you need to start having customers. Before you open your doors, you should have a very good understanding of everything there is to know about your customers, how to market to them, and what your appeal will be to reach them.
Surround yourself with helpful people
When you arrive in a new country to study abroad, you’re likely to experience some degree of culture shock. There will be a period, however brief, when you feel overwhelmed by the differences in how things are done in the new country versus your home country. One of the best ways to cope with these problems is to surround yourself with people who can help you. In a school program, this might be fellow students going through the same emotions as you. If language becomes a struggle, professors can offer some additional tutoring to help you communicate as well. Finding these key people who want to help you is enormously beneficial.
In business, you’ll also face difficult moments. There are going to be times when you feel overwhelmed with your ambitions and will wonder if success is possible or worth the effort you’re putting into the company. You also need to surround yourself with helpful people who can support you. These people can serve as your sounding board, helping you bounce ideas around while also offering guidance when you feel like giving up.
Running a business is a challenging proposition for anyone. If you studied abroad, however, you learned some valuable lessons about success that you might not have even realized. As you begin to prepare for the future of your business, consider the lessons you learned and see how they might be applied to moving your new enterprise forward.