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At Harvard, Wharton, Columbia, MBA startup fever takes hold - Fortune

At Harvard, Wharton, Columbia, MBA startup fever takes hold - Fortune | Pitch it! | Scoop.it

http://snip.ly/eLfg

Across the U.S., business schools are ramping up entrepreneurship programming, as students pursue dreams of lucrative innovation, and startup glory.

The Graduate Management Admission Council’s recently released 2014 Alumni Perspectives Report reveals a significant rise in the number of business school graduates launching new businesses. From a survey of self-employed alumni who graduated from 1959 to 2013, GMAC has found that 45% of 2010-2013 grads started businesses directly after finishing B-school, while 80% of self-employed alumni from years past worked several years for an employer before embarking on entrepreneurial ventures. Read more at:http://snip.ly/eLfg


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  James E. Spence, Jr, Founder & CEO
At Bread Boutique

Marc Kneepkens's insight:

The 'culture' of entrepreneurship and creating startups is benefitting the business schools.

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5 Things About Owning A Start-Up They Don't Teach In Business School

5 Things About Owning A Start-Up They Don't Teach In Business School | Pitch it! | Scoop.it

In college, I did everything I thought would prepare me for owning my own business. I majored in Business Administration and minored in Entrepreneurship, both suitable options for reaching my goal. But when starting my company at the ripe age of 24, I soon realized the reality was far from what I'd imagined within those classroom walls. Don't get me wrong, business school was undeniably worth it and has been incredibly helpful, but there are some things a curriculum cannot teach! I did learn business basics (through hours of reading textbooks and case studies), how to work constructively with others (through tedious group projects), and had my fair share of practical internship experience (which at the time I did to boost my resume and now realize how much they've helped in the long run). However, through the pages of overly highlighted text, inevitable group project drama, and unpaid internships, I wasn't prepared for the non-academic hurdles of how to actually run my own company.

Without any guides on how to mentally handle my new start-up, I dove right in head-first and found myself "doggy-paddling" my way through, trying to keep my head above water. Fast forward nearly two years and I've learned invaluable lessons that have given me a more comprehensive understanding of how to manage a business. For fellow eager entrepreneurs, the following are 5 tips I've learned that I wish were taught to me in business school:I would be lying if I told you that owning your own business is easy, but the truth is it's also not as hard as you might think.


To read the full article, click on the title...


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Marc Kneepkens's insight:

Nothing fancy, all common sense, very good points. I would add, 'Don't give up'.


If you're beyond bootstrapping and desperately need funding, look at some options on www.Business-Funding-Insider.com

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