I don’t think entrepreneurship can be taught.
In fact, the list of entrepreneurs who dropped out of school reads like a who’s who of company builders: Bill Gates, Richard Branson, Larry Ellison, Paul Allen (Microsoft), Sean Parker (Napster, Facebook), Walt Disney, Mary Kay Ash (Mary K), Coco Chanel (Chanel), Barry Diller, Simon Cowell, Michael Dell, Henry Ford and Steve Jobs are just a few of the Spicoli-esque educated.
I think not only is getting an MBA a waste of money and two years of your life; it may also, in fact, reduce your chances of building a successful business. Here are four reasons why:
1. MBA programs teach causal reasoning
One of the most compelling pieces of evidence that an MBA is a poor investment for aspiring company builders comes, ironically, from one of the institutions that would benefit most if aspiring entrepreneurs got a degree in business. Prof. Saras Sarasvathy, a researcher at the University of Virginia’s Darden School of Business recently completed a study in which she compared 45 super-entrepreneurs (all had at least 15 years’ experience, had started at least four companies and had taken one public) with a group of equally successful big-company CEOs. One of her key findings was the difference between how entrepreneurs and big-company execs approach planning for the future.
To read the full, original article click on this link: 4 Reasons an MBA Is Bad for Entrepreneurs | BNET
Author: John Warrillow
