Smarty Pants MBA Missed Memo re Startup 101-Must Watch

December 13, 2017

You have your MBA and Now Interviewing for First Job or Going Straight to Startup 101 Mode..

For those in management roles who have been asked to mentor freshly-minted MBA types and find yourself overwhelmed by the new young folks who know it all, but often know nothing in terms of real world business, you’ll appreciate below video clip. In fact, you might point them to this blog post and require them to view the entire clip and then write a 400 word report profiling what they learned from it.

If on the other hand, you are the rising star protege being mentored at your first job, or if you’ve decided to forgo the traditional career and believe that your recent graduate degree from that top business school gives you the creds to pass go and directly to creating a startup tech company or a consumer products company, you need to watch the below. Especially if you have never actually worked in each of a typical company’s various departments (e.g. loading dock, back office, HR, sales, customer service, marketing, finance or compliance). Pull up a chair, grab a fork and have some humble pie while you watch the clip below.

You don’t need to know in advance that someone by the name of Rodney Dangerfield has more graduate degrees to his credit than you could count with your algorithm-powered calculator app. You don’t need to go back to school, but…You do need to know that building and operating a company, whether fintech, martech, adtech or launching a cryptocurrency ICO, leading a business enterprise that has received startup funding from investors and employing a staff is not something that you can learn from a text book.

You do need to know that your MBA entitles you to nothing, your Phd in computer programming does not make you a CEO, and the only entitlements that come with advanced degrees within context of running a company or creating a startup is the obligation to pay off student loans as you are trying to figure out how to make a profit and provide a return to your investors.

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