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Pursue a MBA or Buy a Business?

May 06, 2016 posted by James C

8

Currently debating on which is a better investment!! Would love some help.

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Reply from Courtney

Added on May 27, 2016 17:23

I'm currently reading "Find Your Extraordinary" by Jessica Dilullo Herrin (currently CEO & Founder of Stella & Dot Family Brands). While a student at Stanford Business School she and a partner developed a business plan and received funding however furthering the business from a plan into action would require both individuals to drop out of Stanford in order to pursue it. So, they went to the dean of the business school and asked him if they could return to the program if their start-up failed... His answer "If it fails, you're not the type of people we want here."... luckily not everyone at the school felt that way. When Jessica called one of her professors to let him know they had received funding for their business plan and thus was dropping out to go do it, he said "Well, then you certainly pass my class!" She went on to start up what is known today as WeddingChannel.com The point being... will receiving a MBA make you successful? Or will investing in a smart business concept earn you success? Sometimes the cart does come before the horse. Good Luck! Courtney

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Reply from Courtney

Added on May 27, 2016 17:30

PS... she never went on to earn her MBA ;)

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Reply from Mel C

Added on Jun 27, 2016 11:20

Buying an existing business equals experience plus shorter ROI!!

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Reply from James C

Added on Jun 16, 2016 19:00

Great! Thanks for the replies Courtney.