What’s one thing about building a business you won’t learn in business school?
Not one thing; almost everything.
The Dean of a local graduate business school and a former EVP of a huge global conglomerate, said to me, a Senior Lecturer there with his blessings, that “very little of value, very few new or useful thoughts, have ever come from a business school.”
Needing the meager cash that he paid me, I bit my tongue and wondered to myself why we were here. He quickly told me.
“I said very little, not anything, although I am tempted to do so. The few faculty here with business experience teach a bit about “the real world” before we thrust our students into it to sink or swim. We also give them two valuable pieces of paper — a diploma that says that they attended classes and are entitled to a higher income and respect, and a transcript that gives our clients, the folks who hire our graduates, a glimpse into how smart our grads might be. That glimpse can tell how much our grads will need to be trained before they can add value to the hirer’s firm.”
“Hmmm”, I intoned while stroking my chin in a vain effort to look scholarly. “I thought all this time that I was teaching them to be articulate … how to think, write, and speak in the real world.” He nodded and we went to lunch.
So, if you want to know how to start and build a business, ask the person who has. You’d be amazed how eager those persons are to talk about their accomplishments, including me. Or read business books written by those same persons … not by academics.