The other day I was reading an article about what they don’t teach you at business school. What caught my eye was the photo of that guy on the new  tv show “lie to me”, which I happen to find an intriguing show. On occasion you see these articles. It seems these points are not just for business, they are life rules that should be taught, in any school.

1. Dealing with people. Isn’t this one of the bigger challenges in life for most?
2. Right or wrong? Right or wrong is a debatable subject, as what may be right for you, might not be for me. Fairness is it, or win-win, though mentioning that you want to do a win-win with someone, most roll their eyes. Actions speak louder than words, no? Prove it.
3. Having a life. How easy is it to get caught up in your business and forget or ignore other parts of your life. Probably because you love doing it. Other articles also talk about work-life balance. Can that really exist these days? Life is moving so fast. I don’t think the work-life (volunteering-….) balance as people were used to in the past, for most of us is an option anymore, so many things going on. What is needed is a different  type of balance. Also make sure one doesn’t go to extremes, and a family that helps works as as well. This can be another topic to discuss.
4. Managing risk. As an entrepreneur, business owner you take many risk, you have too if you want to survive, grow the business. How do you live with that, or sleep at night? Trouble making payroll? A critical order to a customer on time? How to incorporate risk in your life? One thing will help I believe: understand the downside of the major risks you are taking.By the way, another great topic for a book: do you really need to grow a business constantly? We’re so used to expand and grow, but is that [always] needed?
5. When to hold and fold. This would not just apply to business but many other aspects of life. There are not really magic formulas for stopping or going, though we certainly can come up with a few principles. Maybe that is part of your initial business summary goals? A tough one though, as you just know that success is always just around the corner.

Here is the link to the article.