Comments on: Do M.B.A.s Make Better Entrepreneurs? http://ybpguide.com/2007/03/31/do-mbas-make-better-entrepreneurs/ Young Black Professional Guide Thu, 18 Mar 2010 15:27:12 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Anwar Hussain Bangsh http://ybpguide.com/2007/03/31/do-mbas-make-better-entrepreneurs/comment-page-1/#comment-5358 Anwar Hussain Bangsh Wed, 14 Jan 2009 07:06:57 +0000 http://www.ybpguide.com/2007/03/31/do-mbas-make-better-entrepreneurs/#comment-5358 Hello Dear<br> Can i have contact with you on cell phone or by email to get further information from you about busienss and how to develp it how to know about strenthes and weeknesses.<br>i wish i can have contat with you soon my email address and contact numbers are below. <br><a href="mailto:cityof_knowledge@yaho.com" rel="nofollow">cityof_knowledge@yaho.com</a><br>Mobile No: 92-301-8026331 Hello Dear
Can i have contact with you on cell phone or by email to get further information from you about busienss and how to develp it how to know about strenthes and weeknesses.
i wish i can have contat with you soon my email address and contact numbers are below.
cityof_knowledge@yaho.com
Mobile No: 92-301-8026331

]]> By: O.O. http://ybpguide.com/2007/03/31/do-mbas-make-better-entrepreneurs/comment-page-1/#comment-1119 O.O. Sat, 12 May 2007 15:41:57 +0000 http://www.ybpguide.com/2007/03/31/do-mbas-make-better-entrepreneurs/#comment-1119 The entrepreneurial spirit can't be taught, but the skills resouces and networks gained in an MBA program create a slight buffer against many pitfals that may arise. I think of my brother and I. My brother, a entrepreneur - www.s4tconsulting.com - does not have an advanced degree and actually was not the greatest undergraduate student either. BUT he is one of the most savvy business people I've ever worked with. As for myself, I believe I have the spirit also, but I just received an MBA degree. I felt that it would make more credible in certain circles of international development which is the industry I would eventually like to start a business in. That said, the Entrepreneurial Spirit you cannot recreate, but the skills and networks of an MBA are definitely priceless. So whether you have an MBA or not trial by fire is the only true teacher. The idea is that an MBA will help you bypass some of those fires. The entrepreneurial spirit can’t be taught, but the skills resouces and networks gained in an MBA program create a slight buffer against many pitfals that may arise. I think of my brother and I. My brother, a entrepreneur – http://www.s4tconsulting.com – does not have an advanced degree and actually was not the greatest undergraduate student either. BUT he is one of the most savvy business people I’ve ever worked with. As for myself, I believe I have the spirit also, but I just received an MBA degree. I felt that it would make more credible in certain circles of international development which is the industry I would eventually like to start a business in.

That said, the Entrepreneurial Spirit you cannot recreate, but the skills and networks of an MBA are definitely priceless. So whether you have an MBA or not trial by fire is the only true teacher. The idea is that an MBA will help you bypass some of those fires.

]]> By: David McQueen http://ybpguide.com/2007/03/31/do-mbas-make-better-entrepreneurs/comment-page-1/#comment-828 David McQueen Thu, 12 Apr 2007 13:41:26 +0000 http://www.ybpguide.com/2007/03/31/do-mbas-make-better-entrepreneurs/#comment-828 N. Thomas I supppose we will have to agree to disagree but I have met a number of the most successful entrepreneurs in the UK including Duncan Ballantyne, Peter Jones, Richard Branson, Alexander Amosu and Alan Sugar. all of them successfull millionaries and execs and none of them employing MBAs. Then I think of Warren Buffett, Steven Jobs, Bill Gates and then there are Brin and Page of Google. Only the latter actually finished university. Not to mention Earl Graves, Robert Johnson, Oprah Winfrey and George Fraser. All entrepreneurs who I model and look up to and didnt have to spend £80k on a course designed more for corporations. On my road to a million I know where my focus will be. Bless you on your journey also. N. Thomas

I supppose we will have to agree to disagree but I have met a number of the most successful entrepreneurs in the UK including Duncan Ballantyne, Peter Jones, Richard Branson, Alexander Amosu and Alan Sugar. all of them successfull millionaries and execs and none of them employing MBAs. Then I think of Warren Buffett, Steven Jobs, Bill Gates and then there are Brin and Page of Google. Only the latter actually finished university.

Not to mention Earl Graves, Robert Johnson, Oprah Winfrey and George Fraser. All entrepreneurs who I model and look up to and didnt have to spend £80k on a course designed more for corporations.

On my road to a million I know where my focus will be. Bless you on your journey also.

]]> By: African American (Black) Opinion Blog » Young Black Professionals: The Advanced Degree Chasers http://ybpguide.com/2007/03/31/do-mbas-make-better-entrepreneurs/comment-page-1/#comment-822 African American (Black) Opinion Blog » Young Black Professionals: The Advanced Degree Chasers Thu, 12 Apr 2007 12:32:08 +0000 http://www.ybpguide.com/2007/03/31/do-mbas-make-better-entrepreneurs/#comment-822 [...] an advanced degree can increase your income by $20K. We’ve recently posted on whether having an M.B.A. makes you a better entrepreneur and the arguments were poignant on both sides of the discussion. The truth is, whether you think [...] [...] an advanced degree can increase your income by $20K. We’ve recently posted on whether having an M.B.A. makes you a better entrepreneur and the arguments were poignant on both sides of the discussion. The truth is, whether you think [...]

]]> By: YBP Guide — YBPs: The Advanced Degree Chasers http://ybpguide.com/2007/03/31/do-mbas-make-better-entrepreneurs/comment-page-1/#comment-821 YBP Guide — YBPs: The Advanced Degree Chasers Thu, 12 Apr 2007 12:31:51 +0000 http://www.ybpguide.com/2007/03/31/do-mbas-make-better-entrepreneurs/#comment-821 [...] advanced degree can increase your income by $20K. We’ve recently posted on whether having an M.B.A. makes you a better entrepreneur and the arguments were poignant on both sides of the discussion. The truth is, whether you think [...] [...] advanced degree can increase your income by $20K. We’ve recently posted on whether having an M.B.A. makes you a better entrepreneur and the arguments were poignant on both sides of the discussion. The truth is, whether you think [...]

]]> By: Bigrayvin http://ybpguide.com/2007/03/31/do-mbas-make-better-entrepreneurs/comment-page-1/#comment-752 Bigrayvin Fri, 06 Apr 2007 15:25:41 +0000 http://www.ybpguide.com/2007/03/31/do-mbas-make-better-entrepreneurs/#comment-752 I think M.B.A.'s can only improve how a Entrepreneur succeeds. Can it help predict miss opportunities, misfortune, and misstakes. No! It can help you better prepare yourself to succeed out of that 95% failure rate. Overall a M.B.A. should be looked at as a tool in the entrepreneurship box of resources that they can pull from. I mean imagine going into a business and not knowing where to start. Without a M.B.A. this can set you back a year or two possibly. Think about the team: The saying goes there are tons of good ideas ,but there are not tons of good teams. A M.B.A. can teach the entrepreneur to create a great team first before going live with the business. Also, the resources, networks, and connections that are made when getting a M.B.A. are priceless . I think M.B.A.’s can only improve how a Entrepreneur succeeds. Can it help predict miss opportunities, misfortune, and misstakes. No! It can help you better prepare yourself to succeed out of that 95% failure rate. Overall a M.B.A. should be looked at as a tool in the entrepreneurship box of resources that they can pull from. I mean imagine going into a business and not knowing where to start. Without a M.B.A. this can set you back a year or two possibly. Think about the team: The saying goes there are tons of good ideas ,but there are not tons of good teams. A M.B.A. can teach the entrepreneur to create a great team first before going live with the business.
Also, the resources, networks, and connections that are made when getting a M.B.A. are priceless .

]]> By: N. Thomas http://ybpguide.com/2007/03/31/do-mbas-make-better-entrepreneurs/comment-page-1/#comment-709 N. Thomas Sun, 01 Apr 2007 22:13:56 +0000 http://www.ybpguide.com/2007/03/31/do-mbas-make-better-entrepreneurs/#comment-709 I disagree with David 100%. An entrepreneur can always benefit from learning how to better market, finance and reduce the risk of starting a business with an MBA. Thanks to Enron, we now have to sign our names on the bottom line for our business' accounting/finances. Would you want to do that without a thorough understanding of the numbers? MBAs also gain a priceless network of people to call on in the future (v-capitalists and angels). During my stint in b-school, my adjunct professors (e-preneurs and professors) taught me HOW to evaluate risk such that I don't lose my shirt in the process of starting/maintaining my business. I also learned a great deal about innovation and how to evaluate my ideas to determine if there was a market for it. Kimberly, going it alone is neither the goal nor the smart way to start a business. B-school teaches you not to "go it alone," but how to choose the right people to get on board. I was an entrepreneur coming into b-school and I am one now. I also know people who learned what was needed to BECOME successful entrepreneurs that started businesses straight out of b-school. I agree that "stumbling" is important as well to learn how much sweat equity is needed to get a business up and running. Just not at the expense of learning deeply your craft and how to sustain it without eventually giving all control to someone... with an MBA. I disagree with David 100%. An entrepreneur can always benefit from learning how to better market, finance and reduce the risk of starting a business with an MBA. Thanks to Enron, we now have to sign our names on the bottom line for our business’ accounting/finances. Would you want to do that without a thorough understanding of the numbers? MBAs also gain a priceless network of people to call on in the future (v-capitalists and angels). During my stint in b-school, my adjunct professors (e-preneurs and professors) taught me HOW to evaluate risk such that I don’t lose my shirt in the process of starting/maintaining my business. I also learned a great deal about innovation and how to evaluate my ideas to determine if there was a market for it.

Kimberly, going it alone is neither the goal nor the smart way to start a business. B-school teaches you not to “go it alone,” but how to choose the right people to get on board.

I was an entrepreneur coming into b-school and I am one now. I also know people who learned what was needed to BECOME successful entrepreneurs that started businesses straight out of b-school. I agree that “stumbling” is important as well to learn how much sweat equity is needed to get a business up and running. Just not at the expense of learning deeply your craft and how to sustain it without eventually giving all control to someone…

with an MBA.

]]> By: YBP Guide — weekly roundup: 3/31 http://ybpguide.com/2007/03/31/do-mbas-make-better-entrepreneurs/comment-page-1/#comment-704 YBP Guide — weekly roundup: 3/31 Sun, 01 Apr 2007 14:14:07 +0000 http://www.ybpguide.com/2007/03/31/do-mbas-make-better-entrepreneurs/#comment-704 [...] ← Do M.B.A.s Make Better Entrepreneurs? [...] [...] ← Do M.B.A.s Make Better Entrepreneurs? [...]

]]> By: Tambra http://ybpguide.com/2007/03/31/do-mbas-make-better-entrepreneurs/comment-page-1/#comment-689 Tambra Sun, 01 Apr 2007 06:08:02 +0000 http://www.ybpguide.com/2007/03/31/do-mbas-make-better-entrepreneurs/#comment-689 Though a MBA doesn't equip you to address the 100% realities of being an entrepreneur, it does provide you a network, a level of confidence, knowledge of resources and real life projects/cases to analyze for you to lessen the potential of falling in similar scenarios. I truly valued the entrepreneurial management course at Boston University. I had a great faculty member who was an entrepreneur--actually a venture capitalist in IT. We worked directly with his clients--CEOs of well established IT companies and presented our solutions to their business challenges. I was the only African American in that class of 45-plus students. I definitely felt I had a unique learning opportunity. From that experience it added value in my graduate education along with giving me the confidence and leverage to pursue business-related positions though I am trained in health communications with prevention campaign focus. Now I am starting a social venture and lessons learned from my faculty member lies within me to this day such as with any venture you must think exit strategy in mind: sell or scale and many other lessons. Though a MBA doesn’t equip you to address the 100% realities of being an entrepreneur, it does provide you a network, a level of confidence, knowledge of resources and real life projects/cases to analyze for you to lessen the potential of falling in similar scenarios. I truly valued the entrepreneurial management course at Boston University. I had a great faculty member who was an entrepreneur–actually a venture capitalist in IT. We worked directly with his clients–CEOs of well established IT companies and presented our solutions to their business challenges.

I was the only African American in that class of 45-plus students. I definitely felt I had a unique learning opportunity. From that experience it added value in my graduate education along with giving me the confidence and leverage to pursue business-related positions though I am trained in health communications with prevention campaign focus. Now I am starting a social venture and lessons learned from my faculty member lies within me to this day such as with any venture you must think exit strategy in mind: sell or scale and many other lessons.

]]> By: Kimberly Michelle http://ybpguide.com/2007/03/31/do-mbas-make-better-entrepreneurs/comment-page-1/#comment-687 Kimberly Michelle Sat, 31 Mar 2007 19:18:21 +0000 http://www.ybpguide.com/2007/03/31/do-mbas-make-better-entrepreneurs/#comment-687 I agree with both of you 100%, especially about the parallel with law school. Nothing in law school teaches you how to "go it alone" and I imagine the same is true for business school. As for being an entrepreneur, either you have it or you don't. I agree with both of you 100%, especially about the parallel with law school. Nothing in law school teaches you how to “go it alone” and I imagine the same is true for business school. As for being an entrepreneur, either you have it or you don’t.

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