So we’ve been known to throw cold water on the idea of using bschool to launch a business.
Yet the schools are putting more and more focus on this, and it’s certainly a shift in work and society, in that more and more of us will need to be entrepreneurial in how we manage our careers.
(Consider the source: EssaySnark has done the startup thing. Not just the one you’re currently looking at, but several before this too.)
We love startups. We think entrepreneurs are great. We don’t want to turn you off of this if your heart is set on it.
And, we know that many future MBAs may not be quite ready to start a business on Day One after graduation, but they will be at some point in the future.
So how about this?
One very viable and completely realistic path-forward is to commit to JOINING a student-run startup during school – but in a support role.
You don’t really need (or want) to be the Head Honcho Founder right now, do you?
Not if your risk profile is on the conservative side.
Instead, why not explore the possibility of helping out with some other student’s passion project. There’s always a way to figure out some terms. It does not have to be a lifelong commitment. There are plenty of courses and clubs in bschool to meet up with students who need help. You could either volunteer your time completely for free, in exchange for the valuable experience you’d gain. Or, if your skills are that in demand, then maybe you could work out a small equity stake (very small, likely). You could define the timeframe within which you’d be involved. You could negotiate.
This might be exactly the type of exposure you need to know once and for all whether entrepreneurship is for you. Or if it’s not! That can be a valuable lesson to learn, too.
The adcoms could be very receptive to this – though if you go this route in your essays, don’t get too bogged down in it. You would still, for most schools, need to discuss the details of what you plan to do AFTER bschool. What we’re mentioning here is something you would be doing DURING bschool. Still very relevant and useful, but not typically the main question that the schools want to have answered.
Anyway, food for thought.
Want more food for thought – or better yet, ammunition to prepare you for how to pitch these ambitious goals you’ve got in mind to the adcom? Check out our Career Goals Research Starting Point for Entrepreneurship — as the title indicates, it’s a way to start the research into what’s required of an entrepreneur who’s using bschool as an incubator in pitching that idea to the admissions committee.