What They Don’t Teach in Business School about Entrepreneurship

Part of 2010 Conference on Entrepreneurship. Description: A group of entrepreneurs talk about what they learned in the trenches that they never could have le…
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17 thoughts on “What They Don’t Teach in Business School about Entrepreneurship

  1. There is a degree of LUCK when an entrepreneur is successful; however, those cases are far and few between. People who don’t succeed are more likely to blame the lack of luck than the fact their plan was not good enough. Let’s face it, just because one wants to be successful does not make it so. Having the correct focus, work ethic AND product or service is an absolute key in being successful. Luck is overrated and a cop out for those who simply don’t have what it takes to be a success.

  2. Not all strategies and marketing secrets are taught in school even by successful businessmen. It is like, their secret recipe they only keep within themselves. Most of them only provide a generic answer that even you knows about it although some of them were also able to provide helpful insights.

  3. I am from the school of hard knocks. I am graduating from a community college and I come from one of the most impoverished places in the United States; South Dakota. From what these entrepreneurs have explained the job of a CEO is to “sell and raise money”. I would argue that that these Graduate programs of Business are insufficient. How can an elite academy be effective in coaching economic development on the Cheyenne River Sioux Tribe?

  4. Please, make a suggestion on how to stop borrowing money…… You can’t because it’s an inevitable part of our current monetary system. With no debt, there is no money. Interest guarantees that debts cannot be paid off in full because there is never enough money in supply to fill the demand. I suppose we could change from a monetary system to a resource based economy, but that wouldn’t serve the ones with money like our current system does so that’s unlikely to happen.

  5. I will no pick the presentation apart as it seems that many others have. I think this is a very interesting topic and the content was amazing, thanks for posting this. – Nick

  6. You need to look again at your finance course concerning leverage. Bank are not in debt because they don’t teach in schools how to balance checkbook… Leverage (and thus very high ration D/E) : you amplify your gain with a minimum amount of capital which is one of the main idea of leverage.

  7. They won’t tell you this because they are in business to make money. Same reason they offer educations knowing that fields of study are getting outdated, or there’s too many graduates and its driving the wages down so low that its hurting salaries. Same reason they offer you expensive classes that you’ll never need in those fields but force you to pay tuition to complete the courses. Thanks for sharing.

  8. Serbanmike you are spot on. Americans need to STOP borrowing money! Most dont realize the Federal Reserve is really a foreign banking cartel. Its only assumed its part of the USA. Americans have been used by the banking industry and a government that is not even part of their country. Its private bank owners. THIS is why we are in debt as a country, because these bank owners are not interested in the USA, only their profits into private hands. THIS is why people have to stop borrowing.

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