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Any aspiring entrepreneurs on here?

 
#1 Any aspiring entrepreneurs on here?
25/11/2008 11:58

anontrepreneur

Anyone else have the long term career goal of being an entrepreneur?

I am very keen to leave consulting and do this. I have no academic background in business so contemplating MBA but feel it would be a lot of expense and the money could be put to better use growing a business. Thoughts?

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#2 RE: Any aspiring entrepreneurs on here?
25/11/2008 12:22

me me me to anontrepreneur (#1)

Don't waste the money on an MBA - if you need the business knowledge, read books! Nothing compares to practical experience anyway.

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#3 RE: Any aspiring entrepreneurs on here?
25/11/2008 13:05

Dragon to me me me (#2)

What (broadly) is your business idea and what are your capabilities (I presume these are primarily technical in nature) to contribute towards its realisation?

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#4 RE: Any aspiring entrepreneurs on here?
25/11/2008 13:29

Casio to Dragon (#3)

No academic background in business? Isn't a career in consulting about the most academic (and possibly least practical?) business background in existence?

I constantly think about doing my own thing - I'm pretty certain I could easily generate my salary off my own back.

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#5 RE: Any aspiring entrepreneurs on here?
25/11/2008 13:34

Twix to anontrepreneur (#1)

Yes but holding out for a business partner who i feel would complement my skill set.. Maybe that's you?

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#6 RE: Any aspiring entrepreneurs on here?
25/11/2008 13:37

anontrepreneur to Casio (#4)

Well I'm a supply chain consultant so I've learned about that side of business but that's only one of a number of different aspects of running your own business.

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#7 RE: Any aspiring entrepreneurs on here?
03/12/2008 17:12

DD to anontrepreneur (#6)

Hi anontrepreneur,

Have you got any business plan ?

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#8 RE: Any aspiring entrepreneurs on here?
03/12/2008 21:12

Howard to DD (#7)

Guys please don't bash academics. I think MBA would be very valuable particularly from a top-tier organization. You learn the business theories, meet a whole bunch of smart classmates, develop a strong network etc.

All of that can help you become a successful entrepreneur. Sure you don't need a top-tier education to be successful, but it's a tool that can help you get where you want to be. I don't know if this statistic exists but I think this may very well be true - that the % of successful entrepreneurs with relevant degrees is greater than the % of successful entrepreneurs without degrees.

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#9 RE: Any aspiring entrepreneurs on here?
04/12/2008 09:31

anon to Howard (#8)

I can see where you're coming from but if you have about 50k in the bank pre-mba and are considering startng your own business it's a far less risky proposition than doing it post-mba when you'll probably have about 50k of debt!

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#10 RE: Any aspiring entrepreneurs on here?
04/12/2008 09:48

anon to anon (#9)

oh man, £50k to do an MBA.... anyone wanna buy a bridge??

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#11 RE: Any aspiring entrepreneurs on here?
04/12/2008 12:47

anon to anon (#10)

What do you mean?

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#12 RE: Any aspiring entrepreneurs on here?
04/12/2008 13:16

BS to anon (#11)

Yep, I left consulting 6 months ago to start my own business (not consulting related!). Already projecting to make more in the next 6 months than I made in a year of consulting – and that was in a manager role. It’s not hard so long as you're bright and driven. I already had my masters but don't think that has anything to do with my success so I wouldn't recommend using that as an excuse not to start now. Good luck - I can assure you it’s much more fun and prosperous on the other side!!

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#13 RE: Any aspiring entrepreneurs on here?
04/12/2008 14:03

VCap to BS (#12)

Projections don't pay the bills! :p

Fair play to you BS, what are you doing? I wish I had the gonads to do my own thing!

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