How Entrepreneurs Can Make the Most of Business School
Despite the sizable commitment an MBA requires in terms of time and money, there are positive steps you can take to guide a business education toward launching a start up.
What's the Latest Development?
Some argue that getting an MBA is a mistake if you want to start a business. They say the process kills creativity, wastes time and imposes a huge financial burden. Whether that is right or wrong, spock.com co-founder Jay Bhatti offers some tips on how to use the MBA process wisely to help start your own business. "Only get an MBA from a top-5 school," he says. "An MBA is expensive and time consuming. It's just not worth the opportunity cost going to a school that does not have access to the best professors, highest quality students, or influential alumni."
What's the Big Idea?
Of course, there are exceptions to that rule, not the least of which is that fact that the leaders of Facebook, Microsoft, Oracle do not even have a college degree. But if you are in an MBA, you should (1) take advantage of as many 'tech treks' as possible, visiting places like Silicon Valley, New York, Japan, or other tech hot-spots; (2) base all your elective classes around a start up idea, applying your best business concept even if you do not have that killer idea yet; (3) save money during your MBA experience so you can begin launching your start up as soon as you graduate.
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