Masters in Entrepreneurship

A few years ago, I had a colleague who was going to grad school in the evenings. I assumed she was working on her MBA because people still believe that an MBA is the recipe for success (how 20th century).

To my astonishment, she told me that she was studying entrepreneurship.

Studying. Entrepreneurship. In school? And paying tens of thousands of dollars to do so. To this day, I am baffled.

I’m not trying to discourage any grad students or prospective grad students. However, I will say this: I do not ever intend to go to grad school. Ever.

I don’t want to be an employee for the wealthy. I want to be wealthy.

A Masters degree in entrepreneurship is an oxymoron—It’s like buying stocks with monopoly money. You can sit around and theorize all you want, but a want-trepreneur becomes an entrepreneur when he makes something happen, when he takes calculated risk, when he succeeds, and when he fails.

I’d like to share an excerpt from “The Business of the 21st Century” by Robert Kiyosaki:

Your job as an entrepreneur is to get your customers to buy your products. If you [can’t] get your customers to give you money by buying your products…you’re out of business.

Most [MBA students] are looking for the magic formula, the secret recipe, the quick business plan to riches. This doesn’t seem to be the answer their instructors are hoping I’ll give, either, because I notice them squirming when I say this stuff. Why? Because while they teach entrepreneurship, most of them are not themselves entrepreneurs, which is why they have a steady teaching job with a steady paycheck and are hoping for tenure.

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