Find all School-related info fast with the new School-Specific MBA Forum

It is currently 24 Oct 2014, 12:36

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

Any entrepreneurs in the making?

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
1 KUDOS received
VP
VP
User avatar
Joined: 14 Feb 2005
Posts: 1001
Location: New York
Followers: 5

Kudos [?]: 16 [1] , given: 0

Any entrepreneurs in the making? [#permalink] New post 13 Jun 2008, 06:40
1
This post received
KUDOS
IB/MC/PE/Buzz jobs apart!

Any one out there planning to start his/her entrepreneurial venture out of Bschool?

I am sure there are few who are not joining the race.....so who is it ?

Buzz back
Director
Director
User avatar
Joined: 24 Apr 2007
Posts: 589
Followers: 3

Kudos [?]: 17 [0], given: 0

Re: Any entrepreneurs in the making? [#permalink] New post 13 Jun 2008, 06:51
I have a couple of ideas. They aren't the sexiest, since they aren't social networking or consumer driven media or some other Web 2.0 (bleh) buzzword. They're more IT/network engineering focused since that is what my background is in, and I can see needs in that area better than in others. However, I can't write code to save my life, so I can't see how I would be able to get going without a significant amount of money to pay for hardware and software development.
VP
VP
User avatar
Joined: 14 Feb 2005
Posts: 1001
Location: New York
Followers: 5

Kudos [?]: 16 [0], given: 0

Re: Any entrepreneurs in the making? [#permalink] New post 13 Jun 2008, 06:57
bherronp wrote:
I have a couple of ideas. They aren't the sexiest, since they aren't social networking or consumer driven media or some other Web 2.0 (bleh) buzzword. They're more IT/network engineering focused since that is what my background is in, and I can see needs in that area better than in others. However, I can't write code to save my life, so I can't see how I would be able to get going without a significant amount of money to pay for hardware and software development.

post-mba goal? what career track you planning to pursue at school?
SVP
SVP
User avatar
Joined: 30 Apr 2008
Posts: 1893
Location: Oklahoma City
Schools: Hard Knocks
Followers: 30

Kudos [?]: 440 [0], given: 32

Re: Any entrepreneurs in the making? [#permalink] New post 13 Jun 2008, 07:36
A friend of mine has talked to me about starting a record label. He's got one person lined up to use his name, but I'm not sure when it will all happen or even if. It's more of a pipe-dream rather than an actual goal. I do know an MBA from a great school (+ current JD) will help me get a better spot in the organization if we start it.

If I don't do entrepreneuership, I want to do marketing. I'd rather be the creative person that comes up with some of the slogans, but I'm open to anything ;)
_________________

------------------------------------
J Allen Morris
**I'm pretty sure I'm right, but then again, I'm just a guy with his head up his a$$.

Get the best GMAT Prep Resources with GMAT Club Premium Membership

VP
VP
User avatar
Joined: 14 Feb 2005
Posts: 1001
Location: New York
Followers: 5

Kudos [?]: 16 [0], given: 0

Re: Any entrepreneurs in the making? [#permalink] New post 13 Jun 2008, 10:14
Just 2 replies :twisted: :evil:
SVP
SVP
User avatar
Joined: 08 Nov 2006
Posts: 1560
Location: Ann Arbor
Schools: Ross '10
Followers: 12

Kudos [?]: 165 [0], given: 1

Re: Any entrepreneurs in the making? [#permalink] New post 13 Jun 2008, 10:26
I have 2 ideas : 1 related to food(I am a huge foodie) and another related to some consulting work I have done in the past.

Ideally, I should come out of school with a "safe" job and an early stage business that I can work on for a couple of years before chucking my "safe" job.
Director
Director
User avatar
Joined: 24 Apr 2007
Posts: 589
Followers: 3

Kudos [?]: 17 [0], given: 0

Re: Any entrepreneurs in the making? [#permalink] New post 13 Jun 2008, 10:36
ncprasad wrote:
I have 2 ideas : 1 related to food(I am a huge foodie) and another related to some consulting work I have done in the past.



Hey if you ever go off on some crazy cooking binge while we're at Ross just let me know. I am always willing to help eat. :food
VP
VP
User avatar
Joined: 14 Feb 2005
Posts: 1001
Location: New York
Followers: 5

Kudos [?]: 16 [0], given: 0

Re: Any entrepreneurs in the making? [#permalink] New post 13 Jun 2008, 10:36
Do you still run the Consulting firm ? who would take care of it during school?

Last edited by Ozmba on 13 Jun 2008, 11:20, edited 1 time in total.
Current Student
User avatar
Joined: 07 Aug 2007
Posts: 1062
Followers: 4

Kudos [?]: 31 [0], given: 0

Re: Any entrepreneurs in the making? [#permalink] New post 13 Jun 2008, 10:58
South indian fast food chain===called Dosa Don's :)
Senior Manager
Senior Manager
User avatar
Joined: 23 Jul 2007
Posts: 313
Schools: Attending Stanford
Followers: 6

Kudos [?]: 64 [0], given: 0

Re: Any entrepreneurs in the making? [#permalink] New post 13 Jun 2008, 11:35
dosa_don wrote:
South indian fast food chain===called Dosa Don's :)


Dude, you know I'd be there in a second!
SVP
SVP
User avatar
Joined: 30 Apr 2008
Posts: 1893
Location: Oklahoma City
Schools: Hard Knocks
Followers: 30

Kudos [?]: 440 [0], given: 32

Re: Any entrepreneurs in the making? [#permalink] New post 13 Jun 2008, 11:47
Indian food where I"m from is flat bread! (I'm from Oklahoma).

terry12 wrote:
dosa_don wrote:
South indian fast food chain===called Dosa Don's :)


Dude, you know I'd be there in a second!

_________________

------------------------------------
J Allen Morris
**I'm pretty sure I'm right, but then again, I'm just a guy with his head up his a$$.

Get the best GMAT Prep Resources with GMAT Club Premium Membership

VP
VP
User avatar
Joined: 24 Sep 2006
Posts: 1360
Followers: 10

Kudos [?]: 185 [0], given: 0

Re: Any entrepreneurs in the making? [#permalink] New post 13 Jun 2008, 18:07
Definitely considering E-ship. Will work on a few ideas next year, pick a couple, enter the B-plan competitions and see how it goes. I am leaning more towards specializing on something, first, and then wait for the right idea to evolve, rather than push a business plan that I'm not crazy about just because I want to be an entrepreneur.

L.
Director
Director
User avatar
Joined: 18 Dec 2007
Posts: 983
Location: Hong Kong
Concentration: Entrepreneurship, Technology
Schools: Hong Kong University of Science and Technology (HKUST) - Class of 2010
Followers: 11

Kudos [?]: 133 [0], given: 10

Re: Any entrepreneurs in the making? [#permalink] New post 13 Jun 2008, 21:30
jallenmorris wrote:
A friend of mine has talked to me about starting a record label. He's got one person lined up to use his name, but I'm not sure when it will all happen or even if. It's more of a pipe-dream rather than an actual goal. I do know an MBA from a great school (+ current JD) will help me get a better spot in the organization if we start it.

If I don't do entrepreneuership, I want to do marketing. I'd rather be the creative person that comes up with some of the slogans, but I'm open to anything ;)



I know lots and lots of people who have started record labels. Some succesfully, some not so. Before digital media became massive, new labels had very little power, it was down to the distributor, because they could select which labels to work with. Also artists are hard to recruit when you have porr distribution.

In todays web2.0 world, the business model needs to change. People expect music for almost free, so the income stream needs to come from elsewhere. I;m working on a few ideas (in my head) about this.

I've also got a couple more ideas... roughly speaking (without going into to much detail):-
1) Location Based Mobile Service
2) MMORPG based enterprise solution.

I'll probably be entetering the business case competitions when I start B-school. HKUST are quite competitive in this area, so hope to make some progress (plus its a science and technology focused university which means potential employees if an idea comes to fruition)
1 KUDOS received
CEO
CEO
avatar
Joined: 15 Aug 2003
Posts: 3470
Followers: 60

Kudos [?]: 675 [1] , given: 781

Re: Any entrepreneurs in the making? [#permalink] New post 13 Jun 2008, 21:43
1
This post received
KUDOS
Nice topic. So many smart people here. All of you already have a nice network to build your team.

May I recommend Venture Voice - you will hear about other entrepreneurs/VC's talk about their experiences. http://www.venturevoice.com/
VP
VP
User avatar
Joined: 14 Feb 2005
Posts: 1001
Location: New York
Followers: 5

Kudos [?]: 16 [0], given: 0

Re: Any entrepreneurs in the making? [#permalink] New post 14 Jun 2008, 09:14
Praetorian wrote:
May I recommend Venture Voice - you will hear about other entrepreneurs/VC's talk about their experiences. http://www.venturevoice.com/


Good one Praet

I also recommend http://venturebeat.com/
GMAT Club Legend
GMAT Club Legend
User avatar
Joined: 10 Apr 2007
Posts: 4320
Location: Back in Chicago, IL
Schools: Kellogg Alum: Class of 2010
Followers: 78

Kudos [?]: 701 [0], given: 5

Re: Any entrepreneurs in the making? [#permalink] New post 14 Jun 2008, 09:32
I have thought of a business idea that would be great long term but I definitely think some post MBA experience will definitely be important.
_________________

Kellogg Class of 2010...still active and willing to help. However, I do not do profile reviews, don't offer predictions on chances and am far to busy to review essays, so save the energy of writing me a PM seeking help for these. If I don't respond to a PM that is not one of the previously mentioned trash can destined messages, please don't take it personally I get so many messages I have a hard to responding to most. The more interesting, compelling, or humorous you message the more likely I am to respond.
Get the best GMAT Prep Resources with GMAT Club Premium Membership

GMAT Club Legend
GMAT Club Legend
User avatar
Status: Um... what do you want to know?
Joined: 03 Jun 2007
Posts: 5464
Location: SF, CA, USA
Schools: UC Berkeley Haas School of Business MBA 2010
WE 1: Social Gaming
Followers: 65

Kudos [?]: 338 [0], given: 14

Re: Any entrepreneurs in the making? [#permalink] New post 14 Jun 2008, 13:58
I don't have any great ideas so far, but plan to really get immersed in the E-ship clubs and see if I can come up with something or help work on someone else's idea. E-ship is definitely a short term goal for me, probably something I'll look for as an internship and right out of school. VC is the other option at the moment.
_________________

****************************
GMAT Club Knowledge Vault:
http://gmatclub.com/forum/123
Haas Ambassador
http://gmatclub.com/forum/128-t62555
Kryzak's Profile:
http://gmatclub.com/forum/111-t56286
Member Essays:
http://gmatclub.com/forum/103-t50969

Director
Director
User avatar
Joined: 24 Apr 2007
Posts: 589
Followers: 3

Kudos [?]: 17 [0], given: 0

Re: Any entrepreneurs in the making? [#permalink] New post 15 Jun 2008, 20:36
Speaking of entrepreneurship, does anyone have any good books they've read on the subject?
Director
Director
User avatar
Joined: 18 Dec 2007
Posts: 983
Location: Hong Kong
Concentration: Entrepreneurship, Technology
Schools: Hong Kong University of Science and Technology (HKUST) - Class of 2010
Followers: 11

Kudos [?]: 133 [0], given: 10

Re: Any entrepreneurs in the making? [#permalink] New post 16 Jun 2008, 01:17
working for a start up tech company is something i'd like to do.
SVP
SVP
User avatar
Joined: 30 Apr 2008
Posts: 1893
Location: Oklahoma City
Schools: Hard Knocks
Followers: 30

Kudos [?]: 440 [0], given: 32

Re: Any entrepreneurs in the making? [#permalink] New post 16 Jun 2008, 04:56
I read a great book by Andy Klein about his own start-up experiences. His book is called Wallstreet.com.

http://www.amazon.com/Wallstreet-Com-In ... 0805057587

It looks like it's for sale used for $0.01! It is certainly worth a penny + shipping.

Background of the book:

He was an attorney in NYC that did IPO's. He had a great idea to start a beer company called Wit Beer. He started it and was moderately successful but didn't have the funding. He eventually started taking money from investors via the internet. This gave him the idea to start Wit Capital and help other people raise money via the internet through private placement, rather than going public. This was the first time anyone had tried to use the internet to do something such as this. He discusses his adventures and it's a fascinating book.
_________________

------------------------------------
J Allen Morris
**I'm pretty sure I'm right, but then again, I'm just a guy with his head up his a$$.

Get the best GMAT Prep Resources with GMAT Club Premium Membership

Re: Any entrepreneurs in the making?   [#permalink] 16 Jun 2008, 04:56
    Similar topics Author Replies Last post
Similar
Topics:
Experts publish their posts in the topic Does my potential strategy make any sense? dynastyss 2 19 Oct 2012, 07:04
How to learn the sentence making @ speak without error? any natarajmasala 0 17 Apr 2012, 23:33
Does IELTS score make any differene? h110us 0 20 Jun 2011, 01:38
As with any race, it is not wise to make broad feruz77 17 10 Nov 2010, 01:42
Experts publish their posts in the topic is there a typo in this Q because it doesnt make any sense!! elinka 6 10 Nov 2009, 05:59
Display posts from previous: Sort by

Any entrepreneurs in the making?

  Question banks Downloads My Bookmarks Reviews Important topics  

Go to page    1   2    Next  [ 21 posts ] 

Moderator: threestripes



GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.