It isn't exactly that the second year is "easier" than first. (Though it probably is, insofar as I no longer have to contort my brain into accounting-speak.) Second year is equally busy; the difference is that you chose everything piled on your plate.
One of the things I did last year, that I'm excited to do again, is Project Echo. A business plan competition for high school students, Project Echo introduces young people to every step of the process of creating a viable business. Each student team is assigned a group of MBA mentors. We advise them on how to build their business plan and help them prepare for the final competition, when each team presents their plan to a panel of judges from the community.
Last year I had the opportunity to review many of the student business plans, and to watch a number of student groups present their ideas. It was amazing to see how far the teams had come during the months of competition, from an unformed concept to a detailed, well-informed and realizable business plan. Many of the teams have already successfully put their ideas into practice!
When it came time to decide whether to sign up for Project Echo this year, I did hesitate. So much to do, etc. But ultimately I had to recognize that Project Echo gave back everything we put into it last year and more. Gaining early experience with business and entrepreneurship will be tremendously valuable for the participating students. Plus, it was a lot of fun.