# Secret of Highly Succesfull Graduates

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by Reid Hoffman THE 3 SECRETS  OF HIGHL Y SU CCESSFUL GRADUATES

Transcript of # Secret of Highly Succesfull Graduates

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by Reid Hoffman

THE 3 SECRETS   OF

HIG HLY SU CCES SFUL

G R A D U A T E S

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My name is

Reid Hoffman

and I’m anentrepreneur 

and investor.

Hi!

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I cofounded LinkedIn in 2003 with

the mission of connecting the world’s

professionals to make them morePRODUCTIVE and SUCCESSFUL.

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I’ve heard the CAREER CONCERNS 

of students around the world...

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...from the millions of STUDENTS on LinkedIn...

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BRIAN CHESKY 

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...to the student leaders who read

my book THE START-UP OF YOU.

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http://slidepdf.com/reader/full/-secret-of-highly-succesfull-graduates 8/113And I’ve noticed a COMMON career concern...

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http://slidepdf.com/reader/full/-secret-of-highly-succesfull-graduates 9/113THEY DON’T FEEL READY.

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College is supposed to prepare you

for SURVIVING and THRIVING 

in the world of work.

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But the world of work has CHANGED.

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Stable career paths are DISAPPEARING.

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COMPETITION can come from anywhere.

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And the world

continues to

CHANGE at a

relentless pace.

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I want you to know THAT’S OKAY .

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That UNCERTAINTY you feel right nowabout your future—it won’t ever go away.

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In an ever-changing world, managingyour career is a LIFELONG PROCESS.

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When I graduated from undergrad...

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I thought I knew what I wanted to do.

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I was WRONG.

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I could NOT 

have predicted

my career path.

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It even took me 15 YEARS to realize

what I was doing had a name...

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E N T R E P R E N E U R S H I P

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Along the way, I've developed an eyefor the patterns of SUCCESS and FAILURE.

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And there are at least THREE THINGS 

that successful professionals eventuallyfigure out about their careers.

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 You WON’T

find themin any of your textbooks.

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And your school DOESN’T teach them.

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And I’m sure you’d rather NOT 

wait 15 years to discover them.

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I want to share them with you today.

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1. Competition

2. Networks

3. Risk

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"How do I bring my DIFFERENT

INTERESTS together into a career?"

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"What should I do if 

I DON’T KNOW what I like?"

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"How do I choose between

so many DIFFERENT PASSIONS?"

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All of these are variations of 

the CLASSIC CAREER QUESTION...

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"What should I DO

with my life?"

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But these are the

 WRONG questions to ask.

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Among other things,

these questionsfocus the attention on

 YOU 

instead of the most important factor...

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E V E R Y O N E E L S E

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Many people WANT

your dream job.

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For anything desirable, there's COMPETITION.

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To beat the competition,you need to develop a

COMPETITIVE

 ADVANTAGE 

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But what is a

made of?

COMPETITIVE

 ADVANTAGE 

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 ASSETS

 ASPIRATIONS

MARKET REALITIES

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 Your  ASSETS are what you

have going for you now.

h

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 Your  ASPIRATIONS are where you

might like to go in the future.

d h

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And theMARKET REALITIES

are what people willactually pay you for.

Th b h i

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The best career has you pursuing

worthy ASPIRATIONS, using your  ASSETS,

while navigating the MARKET REALITIES.

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Another CLASSIC QUESTION 

you may struggle with...

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"How do I make aPOSITIVE DIFFERENCE

in the world?"

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 You may think that you,

as a RECENT GRADUATE with

LIMITED WORK EXPERIENCE,don’t have much to offer.

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In fact, your 

EXISTING ASSETS

have value, too.

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 You’ll be surprised

how valuable your existing skills and

connections are

to those whoDON’T HAVE THEM.

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Just ask others: “HOW CAN I HELP?”

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 You'll learn to understandwhat OTHER PEOPLE’S NEEDS are.

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Fulfill needs. Solve problems.And you CHANGE THE WORLD.

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1. Competition

2. Networks

3. Risk

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In college, you had dorms,

student organizations,

classes...

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Building relationships was EASY .

But in the real world you have to learn

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But in the real world, you have to learn

to PROACTIVELY build your network.

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Relationships matter because every job

boils down to interacting with PEOPLE.

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PEOPLE control

resources, opportunities, and information.

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Opportunities do DO NOT FLOAT like clouds in the sky.

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They're attached to PEOPLE.

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If you're looking for anOPPORTUNITY , you're really

looking for a PERSON.

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The people you spend time with shape

 WHO YOU ARE and WHO YOU BECOME.

Th f h lf

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The fastest way to change yourself 

is to hang out with people who are

 ALREADY THE WAY YOU WANT TO BE.

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The best way to meet new people is

via THE PEOPLE YOU ALREADY KNOW.

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 You may not think you know THE RIGHT PEOPLE.

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 Your existing network is

BIGGER 

than you think.

If ’ d l

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If you’re connected to a couple

hundred people on LinkedIn,

you’re actually at the center of a network 

MORE THAN 2 MILLION PEOPLE STRONG.

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In other words,

it’s likely that

SOMEONE YOU

 ALREADY KNOW

knows someone

who could help you.

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This is the

POWERof the extended network.

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1. Competition

2. Networks

3. Risk

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Our education system penalizes

students for MAKING MISTAKES.

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But in the real world, you don't know

what the best plan is until you

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And making mistakes

is part of thatLEARNING PROCESS.

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Learn byDOING

.

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Not sure if you can break into thepharmaceutical industry?

S d h

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Spend six months interning

at Pfizer making connections

and SEE WHAT HAPPENS.

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Curious whether 

MARKETING

or PRODUCT DEVELOPMENT

is a better fit than

what you currently do?

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If you work in a company where those

functions exist, offer to HELP OUT for free.

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That’s exactly WHAT I DID at Apple,my first job after grad school.

Whatever the situation

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Whatever the situation,

 ACTIONS, not plans,

generate useful lessons.

ACTIONS h l

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 ACTIONS help you

discover where you

want to go and

how to get there.

In college the MOST SUCCESSFUL STUDENTS

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In college, the MOST SUCCESSFUL STUDENTS 

make the FEWEST MISTAKES.

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But the MOST SUCCESSFUL PROFESSIONALS

learn to take INTELLIGENT RISKS.

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 You may assume that you

get career stability byMINIMIZING RISK .

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Ironically, in a changing world,

PLAYING IT SAFE is one of theriskiest things you can do.

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Rather than avoid risk,

TAKE INTELLIGENT RISKS.

It will give you a competitive edge.

l d d

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For example, do not dismiss

 jobs thatPAY LESS IN CASH

butoffer TREMENDOUS LEARNING.

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Prioritize plans that offer the best chance

atLEARNING

about yourself and the world.

D t di i th

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Do not dismiss a career path

 just because you keep hearing

HOW RISKY  IT IS.

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It probably isn’t as risky as most believe,which means there’s LESS COMPETITION 

for landing the opportunity.

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In these opportunities,

the WORST-CASE SCENARIO

tends to be survivable.

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When the worst case

means getting fired,

losing a little bit of time or money,

or experiencing

some discomfort,IT IS A RISK YOU SHOULD

BE WILLING TO TAKE.

If the worst-case scenario is the serious

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tarnishing of your reputation, loss of all your 

economic assets, or something otherwisecareer-ending, DON’T ACCEPT THAT RISK .

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There will always be

UNCERTAINTY  

about career opportunities

and risks.

The best opportunities are frequently the

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pp q y

ones with the MOST QUESTION MARKS.

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When it’s not clear how something will play out,

many people AVOID IT ALTOGETHER.

Take intelligent risks and you will find

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Take intelligent risks and you will find

THE OPPORTUNITIES THAT OTHERS MISS.

So, CONGRATULATIONS on the hard work

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So, CONGRATULATIONS on the hard work

you’ve put into your education thus far,

but your learning has just begun.

G d ti i th d f l i

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Graduation is NOT the end of learning.

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We are all WORKS-IN-PROGRESS.

Each day presents an opportunity to

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y p pp yLEARN MORE , DO MORE , BE MORE

in our lives and careers.

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In the world of work,

EVERY DAY IS EXAM DAY .

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If you’re not GROWING,

you’re CONTRACTING.

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If you’re not moving FORWARD,you’re moving BACKWARD.

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Develop your

COMPETITIVEADVANTAGE.

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Build yourNETWORK.

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And take

INTELLIGENTRISKS.

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If not now, when?

TO LEARN MORE