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The 10 Expert Guidelines of GMAT Preparation

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Kevin Rocci August 26, 2014

Everyone studies differently, so make sure you tailor your study plan for the GMAT with these 10 expert guidelines and strategies.

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Entrepreneurs fostering new ventures outside of well-developed entrepreneurial ecosystems like Silicon Valley face significant challenges. These markets are unlike Silicon Valley, and they will likely remain so. That doesn't mean they can't nurture and sustain new businesses. In transitioning markets that lack abundant private sector financing, creative approaches from government officials, donors, and business leaders can fill the void to support entrepreneurial activity. Northeast Ohio (where Cleveland and Case Western Reserve University are located) has become a laboratory for such innovative solutions. During our time together in this course, we will explore some of these creative approaches to promoting regional entrepreneurship. Northeast Ohio has seen a massive infusion of government and donor resources for over ten years. In that time, Northeast Ohio has promoted regional development (including job creation and follow-on funding) through alternative methods of financing startups. It has not been easy. The region has made progress, but it remains to be seen whether it has struck upon an enduring formula. A dynamic entrepreneurial ecosystem takes many years, even decades, to develop. Government policymakers and donors typically seek quicker returns on their support programs, which makes long-term support for entrepreneurship challenging. This course includes case studies and first-person testimonials from entrepreneurs who have launched products and services ranging from medical devices to LED lights to whiskey. You will learn how these entrepreneurs discovered and procured resources from various programs and intermediary organizations. You will hear from business people still in the process of developing their companies as well as those whose ventures have flourished. Our focus will extend beyond Cleveland to selected markets around the world, including Greece, Vietnam, Tunisia, Argentina, Rwanda and China. You will learn about international incentives and other supports available to developing startups and small businesses across the globe. This course examines how different communities around the world approach implementing strategies and methods to support businesses. I will ask you to reflect on how to apply the principles we learn to growing entrepreneurship where you live. The social interactive features of the online platform will enable students from around the world to share ideas and learn from one another. Most MOOCs rebroadcast professors’ lectures; this course is different. Don’t expect to see me standing in front of the camera, talking and lecturing every module. Instead, the lectures will be relatively short in length. They have more of the feel of an engaging documentary than a static classroom setting. ## __What type of person takes the *Beyond Silicon Valley* course?__ - Active and aspiring businesspeople in communities looking to initiate new startup ecosystems or bolster existing ones - Current and prospective entrepreneurs who want to learn about funding sources, risk management, and the lifecycle of startups - Professionals who work in government agencies, nongovernmental organizations, philanthropic institutions, and various private funds that fund startups - Anyone curious about how to create and grow startup ecosystems outside the major tech hubs - The principles Beyond Silicon Valley teaches have been drawn from and applied to startups worldwide, from small villages to megalopolises. You'll study success stories spanning the globe from Vietnam to Kosovo to Botswana. ## __What will you learn in *Beyond Silicon Valley*?__ - How and where startups can find funding to get their businesses off the ground - What role government can play in encouraging startups and a healthy startup ecosystem - How anchor institutions such as universities and healthcare systems participate in startup ecosystems - How nongovernmental organizations support startups - How to raise funds from venture capitalists, angel investors, and accelerators - How to navigate challenging periods in the startup lifecycle - The importance of mentoring in successful startups

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GMAT preparation can be a labyrinth of materials, strategies, questions, tips, and time.

To better navigate the cornucopia of convolution, here are 10 guidelines taken from the collective knowledge of teachers and experts at Magoosh.

Study smart and study hard!

Answer a Lot of Practice Questions

From our experience, the more questions a student answers, the higher they scores on the actual test. A student who answers more than 1,000 questions will have a greater score increase than a student who only answers 500 practice questions. Further, a student who answers 2,000 questions will improve more than the student who answers only 1,000 questions.

But it’s not just about numbers. That’s only the beginning.

Spend More Time Analyzing Answers

Not only do you need breadth—answering a lot of questions—but you also need depth. Take the time to dig into explanations and solutions.

As our GMAT expert, Mike, likes to say: “The mark of an excellent student is never making the same mistake twice." The best students spend more time in solutions and explanations than actually answering the questions. They verify that they answered a question correctly and for the right reasons. They take the time to see why they missed a question, and they keep track of these errors as they practice by keeping an error log.

Don’t Write in Your Books

Along the lines of the first guideline, plan on answering questions more than once during your studies. Attempting the same questions more than once is a great way to gauge your progress and reinforce your skills. Repetition is an important part of learning, so make a point of leaving the questions clean and unmarked when solving so you can return to them.

Also this will help you to develop your note taking ability. You won’t be able to mark up the test when you take it, so it’s a good habit to start now—copy down the important information and solve.

Take Practice Tests

Mock tests are the key to any successful GMAT attempt! Make sure to take as many as you can. Create an environment that mirrors the testing environment as much as possible. Get away from distractions. Use a strange and foreign computer. You need to practice your pacing strategies and build stamina for the test and the only way to do this is with practice.

Use a Whiteboard for Solving Questions

Practice taking notes and solving problems on a whiteboard with dry erase markers. You won’t have paper and pencil on test day, so it’s better to practice on something that is more like what you will have on the test. Again, we are trying to get comfortable with the testing environment ahead of time so there are no surprises on test day.

Love the Test

I can’t emphasize this point enough. Students who can embrace the test as a puzzle to be solved have a better chance at taming the test. Students who hate it will never reach their full potential. You need to approach the test with curiosity and interest in order to break into the highest percentile scores. Only by loving the test will you be confident and relaxed enough to reach the 90th percentile.

Study Wisely

Study sessions should be filled with short breaks. Studying in 45 to 60 minute blocks with five to 10 minute breaks in between will make study sessions more efficient and effective. Putting in 8-hour power sessions will not help and won’t facilitate learning.

Your mind needs time to rest and to incorporate new knowledge into long term memory. To do this, you have to take breaks and return to concepts after you‘ve seen them.

Don’t Focus on Estimated Scores

Study and make progress without obsessing about your score on a prior practice test—regardless of whether the results were good or bad. These are predicted, estimated scores, and ultimately, are flawed. Remember that none of them are the actual test, with actual test questions, and the actual scoring algorithm.

Attaching a lot of significance to these scores will distract you from your main purpose: preparing for the test.

Study with Others

If you can form a study group with others, you will find it easier to study on a regular basis, and you will be surrounded by people all going through the same experience.

Check Meetup for study groups in your area. Or start your own meetup. Also, head to Facebook and join a GMAT group. Reach out to people and see if they will Skype with you once a week so that you can check in on each other and ask questions.

Know Your Strengths and Weaknesses

With limited time, you need to know what to study and how to improve. If you find the verbal questions difficult, you need to be reading reputable, academic-like material every day. If you find the math more difficult, you need to work on your number sense by doing more mental math.

You need to tailor your study plan to meet your needs! Take ownership of your studying! 😀