Gap Year Pitch Framework
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A framework for convincing parents to support taking a gap year for entrepreneurship instead of immediately going to college.
Core Strategy: Ask for a Gap Year, Not a Permanent Decision
- Request a 12-month period to focus on your business rather than asking to skip college entirely
- Position it as a "gap year" - a temporary experiment with a clear timeline
- Emphasize you're not asking them to financially support you, just their emotional support
- Promise to reassess at the end of the year with the option to attend college afterward
Key Elements of the Pitch
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Show the financial reality
- Compare your current business earnings to average college graduate salaries
- Demonstrate how your business is already outperforming what you'd make after graduation
- Use concrete examples from sites like quietlightbrokerage.com to show business valuations
- Highlight the potential growth trajectory based on your current performance
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Frame it as an educational opportunity
- Emphasize that you're already learning valuable business skills firsthand
- Position entrepreneurship as an alternative form of education
- Explain that college is about learning, and you're already learning about business directly
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Address their concerns
- Acknowledge their traditional perspective on education
- Offer a compromise with a clear timeline
- Provide reassurance that college remains an option after the gap year
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Appeal to their support
- Ask for their blessing and emotional support
- Emphasize that you want them to believe in you and your dreams
- Connect your entrepreneurial ambitions to making positive change in the world
The Closing Argument
- If the business succeeds: You've gained a year of growth and valuable experience
- If it doesn't work out: No harm done - you'll attend college as originally planned
- Either way: You'll learn tremendously and be better positioned for future success
Success Rate
- This approach has approximately a 50-70% success rate with parents
- Even if they initially refuse, demonstrating success may change their minds over time
24:49 - 27:03
Full video: 01:08:16SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.