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53 Comments
- blitzer, on 11/06/2007, -18/+43If you are going to college to become an entrepreneur.. you aren't one.
- schleppy, on 11/06/2007, -5/+14Totally untrue. Having just graduated from Suffolk University's entrepreneurship program this past spring, I cannot begin to list the positive things I took from the program. Prior to enrolling I had a couple business ideas that I was sure would be a success. If I had not gone through the program I would have wasted god knows how many hours (and dollars) trying to turn a fundamentally flawed business plan into something real. With the skills I've taken from the program, and the connections, I'm now in a MUCH better place to execute a business plan.
Graduating from high school knowing NOTHING about business and trying to start one will (more often than not) lead to total failure. Entrepreneurship programs teach the budding entrepreneur all the necessary fundamentals of the business world, along with business plan creation, how (and where) to get funding, and most importantly you get to build your business network through your professors. The network piece is totally invaluable, and well worth the price of admission. - jmscotty, on 11/06/2007, -4/+11That’s the dumbest statement I have ever heard. You might hear of many successful entrepreneurs that skipped college, but believe me, the venture capitalists of the world look for the educated background or else they will eventually put someone in your place that does. At some point in the business growth, understanding the economics of cash flow and fundamental marketing principles becme huge factors for success. I am not saying you MUST be educated, I am just saying that it increases your odds tremendously.
- schleppy, on 11/12/2007, -0/+5I absolutely agree with this statement, but I never said anything about starting a businesses out of HS being a waste.
One thing we learned over and over again in the program is that you will gain more from your failures than most other things. That is why we spent a lot of time studying failed businesses, and figuring out how the failure could have been prevented. Learning about what to avoid greatly increases your chances of success. - mcnasby, on 11/05/2007, -0/+5Don't worry schleppy, it doesn't take a genius to realize that 98.25% of the people on digg are total *****. Experience is experience no matter how you get it.
- jmpeagle, on 11/05/2007, -2/+5true, although these schools probably make it easier for one to get funding.
- albiniak, on 11/05/2007, -3/+6if you make near sighted comments like this blitz's.. you're unhappy with life.
- schleppy, on 11/05/2007, -2/+5Clearly you guys didn't understand what I wrote...
- robbh66, on 11/05/2007, -1/+3Just about all it's know for.
- pr0biotik, on 11/06/2007, -1/+3Entrepreneurship degrees aren't about making people into entrepreneurs.
HTH. - Dysarthria, on 11/05/2007, -5/+7You nailed that one shut blitz, great comment.
- emjaymj, on 11/06/2007, -0/+2Stupid comment. You obviously haven't looked hard at any good programs. There are many facets of entrepreneurship a good program can prepare you for. There is a LOT more to getting a solid business up and running than most people think. Sure, a school can't give you that innovative spark that is so important for entrepreneurs, but they can help you better evaluate your own ideas and give you all the other knowledge necessary to start a business. I believe Babson College's program, for example, requires you to successfully start and run your own business.
Of course, nobody likes to hear this, because everybody is convinced that one day they'll start their own business and make millions. - Nation, on 11/05/2007, -0/+2You were doing great, but that last sentence you left out a word or two.
You MUST be educated, however that education does not have to come from a place of "higher learning" (formal college) .... it could come through experience or through mentorship or many other places; or even a combination. - mcnasby, on 11/05/2007, -1/+3My school is ranked #8 and after four years the only business from the entrepreneurship program that really got off the ground was Stuzo.com ...a book trading website (I know, one of thousands). Needless to say, after a year or so the business tanked. The overall business program at Temple is phenomenal, so if they're using that as a benchmark the rankings make sense. However, if they are using the success rate of the businesses coming out of the school, these rankings are incredibly misleading.
- Motodog, on 11/05/2007, -2/+4Having started business out of HS, and failed, I can tell you it wasn't a waste at all. I learned more from that hard knock way than any professor could teach. Grow from your failures.
- TrojanGuy, on 11/05/2007, -0/+1Woo hoo USC!
- Kazbaeden, on 11/05/2007, -0/+1No, they're right. Notre Dame is its own city with its own zip code and its own post office. If you want to send a letter to notre dame, you send it to
Building
Notre Dame, IN, 46556 - Scyth3, on 11/05/2007, -5/+6I will sell blitzer for a mere $5. Any takers?
- atk124, on 11/05/2007, -0/+1Like all other ranking systems, this is just a list of numbers.
- inactive, on 11/05/2007, -1/+2Buried for "Heck" among other reasons. If you're bothered by hell, you're already screwed in the business world.
- inactive, on 11/05/2007, -0/+1Sorry? How so? What year did you graduate?
- Bossakungen, on 11/05/2007, -0/+1Some quality information there. http://www.aeani.com/view_article.php?id=36
- Kazbaeden, on 11/05/2007, -0/+1Anyone who says "If you are going to college to become an entrepreneur.. you aren't one." or "entrepreneur and education are oxymorons" is completely out of touch with what an entrepreneur is and does.
Now, it's granted that in some situations going to school for entrepreneurship isn't the greatest path. If you want to capitalize on some unique skill or talent you have, like cooking or playing an instrument, it's probably best to just get out there and do it.
But when you have an idea that needs 4 million dollars to just produce a proof of concept, and another 40 million to break even you're going to need to go to venture capitalists or angel investors and they're going to want to know two things:
1) What's the pain
2) Who's behind it.
The first part is that great idea and you don't need to go to school for that.
It's the second part that needs schooling. These days with venture funding it's a chicken and egg scenario: you can't get the money unless you've already proven to a VC that you can start and manage a business, but you can't start and manage a business without the money. They want to know the background and experience of the people involved, and if you can't deliver, they won't deliver.
So how do you solve this paradox? You go to school. By doing this you gain not only the theory behind business, but the best school will also give you the experience through business plan competitions, simulations, mentoring, networking, etc. Mentoring is probably the biggest reason to go to school, because the best programs hire people who VCs WOULD give 40 mil to. When you go up to a VC and you pitch your company, and they ask "who's involved" if you're able to drop some big names like that you're well on your way to getting that funding. - abcdefghij, on 11/05/2007, -0/+1it's not oxy moron, and College Entrepreneurship Program is not an oxymoron either.
- cawpin, on 11/05/2007, -0/+1I'm guessing that whoever wrote this list is a complete moron. I'm basing this off the fact that they can't even locate the school's on their list. Notre Dame: Notre Dame, IN.....um, no. Notre Dame is in South Bend.
- itsameericle, on 11/05/2007, -0/+1http://www.businessweek.com/smallbiz/special_repor ...
See how many of these kids are from Babson. - broeks, on 11/05/2007, -0/+1Maybe you are being sarcastic somehow, but South Bend is in Indiana (IN)
- Syni, on 11/05/2007, -0/+1Hm, my school didn't make it up there (graduated with a BA in entrepreneurship from Johnson & Wales University... think Emeril, no I don't cook), but I wonder how all the grads from those "top" schools are doing. Probably a good half of them are still working for the man. In response to those touting the "college" and "entrepreneur" oxymoron, definitely agree. Learned more out of my first year running my business than I could have ever learned in four years going to a place that taught people how to open restaurants.
- webyatri, on 11/05/2007, -2/+2I have a few friends who did part time babson mba. They are still doing the same job when they were doing the MBA or looked for and found another job. Some entrepreneurship program they have!!
- tyzent, on 11/05/2007, -1/+1nice to see drexel do well in something from the princeton review after they called us the ugliest college in the country. too bad i'm not in an entrepreneurship program, but hey two schools from my city made it :)
- schleppy, on 11/05/2007, -1/+1I hear ya...
- itsameericle, on 11/05/2007, -1/+1Firehed,
It's not our fault that you're a screw up.
Sincerely,
A Success - solid12345, on 11/05/2007, -0/+0Who cares, I just want to find a school and get a job where I get paid to play videogames, the TV said I could.
- dmang09, on 11/05/2007, -0/+0be a car salesman for 2 weeks? are you kidding me? believe it or not to run a start up organization you need to be knowledgeable in basically all areas of running a business, from financing to marketing. being a salesman will teach you how to sell your product, which is of course essential, but i think your strategy will leave you living under a bridge somewhere.
- yenta4shop, on 09/05/2008, -0/+0http://www.yenta4shop.co.uk/
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http://astore.amazon.com/vuarnet.sunglasses.online ... - harishl, on 11/05/2007, -0/+0I find it interesting that UMD made this list and UPenn Wharton didn't. Additionally, I enjoy the name of #20 ("Balls State").
- Firehed, on 11/05/2007, -1/+1Went there for a year before dropping out. Their program is absolutely worthless, and their marketing for the school is entirely misleading. I'd highly suggest avoiding it.
- microfibersofa, on 05/18/2008, -0/+0http://astore.amazon.com/escort.radar.detector.sal ...
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http://astore.amazon.com/horizon.treadmill.store-2 ... - paolodm, on 11/06/2007, -1/+1That's faulty logic.
- inactive, on 11/05/2007, -1/+1Entrepreneur magazine's annual rankings does it really mean anything besides paying alot of money for a piece of paper. Show me the who's who's of Entrepreneur.
Learn about Credit
http://www.credit-collection-agency.com - stressfree7, on 02/06/2008, -0/+0Yeah it's true. you can't teach some subjects and becoming a busienss owner is one of tem.
http://www.stressfreetrading.com - zbk128, on 11/06/2007, -0/+0It might be. However, we can speak English.
- Sinay, on 11/05/2007, -4/+2Harvard dropouts do better than all graduates of all of these schools combined when it comes to entrepreneurship. Just add up the money and jobs that Bill Gates (I hate him so much) and face book guy have created. Come on you can come up with better criteria.
- Motodog, on 11/06/2007, -5/+3College Entrepreneurship Program. Isn't that an oxy moron? Be a car salesman for 2 weeks, you'll learn more from that and you don't have to pay anyone.
- inactive, on 11/05/2007, -4/+2Babson? really...
- Firehed, on 11/05/2007, -4/+1I'm so sorry. (former undergrad student)
- greeninoregon, on 11/05/2007, -5/+1That's exactly what I was thinking. Anyone that made tons of cash starting in their basement or something. Not that you can't go to a school like that and still have it help you in the business field, but it's like going to a "creativity school" to make you creative. That's just not how it works.
- orca94, on 11/05/2007, -5/+1I'd agree with you with the modification that if you go to college to do an entrepreneurship major then you're likely not a entrepreneur.
- asiegrist, on 06/20/2009, -5/+1So schleppy, show us your thriving business. Let's see what you've done with all that good college information. Oh, you don't have a business yet? That's what I thought.
- inactive, on 11/06/2007, -7/+3Heck yes! Babson! (Current undergrad student)
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