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Dilemma - retake GMAT vs Business opportunity

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Dilemma - retake GMAT vs Business opportunity [#permalink] New post 01 Jul 2012, 20:55
Guys, I've been debating for a week now and can't seem to make up my mind on whether to retake GMAT. Here is my situation -
I took GMAT last year and scored 710(Q50, V35 - 74perc), and applied to Tuck. Didn't make it and was told three things by the adcom -
1) to retake the GMAT as my score was below the average of 720(class of 2014) and that my verbal was a bit low. I took TOEFL(scored 112) after the Tuck application so never submitted the score to them, just asked for a waiver- 4+ yrs in US.
2) to interview again - Last time, I was underprepared and started lacking conviction half-way through the interview. Simply put, messed it up.
3) to improve first two essays - related to goals etc

Being dedicated to becoming a tuckie, I enrolled in knewton and started my GMAT prep again but a cpl of weeks later, a couple of buddies and I came up with an excellent business idea and we have started working on it. Now, the situation is that I haven't looked at GMAT preparation for last three weeks; since the business opportunity seems so enticing, I am thinking of giving up the idea of retaking GMAT. Would the adcom look at me unfavorably because of my still low verbal score, and not working on retaking GMAT inspite of the feedback? The business idea is such that it would take next 6-8 months to launch and I should be able to work on it while doing my MBA...btw, I've 8 yrs work ex, so if I cannot start MBA at tuck in 2013, I would rather go for an EMBA at a later point.

I'd appreciate any advice from the veterans...Thanks in advance!
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Joined: 07 Feb 2011
Posts: 389
Location: United States
Concentration: Strategy, Technology
Schools: Chicago (Booth) - Class of 2014
GMAT 1: 760 Q51 V41
WE: Project Management (Computer Software)
Followers: 16

Kudos [?]: 104 [0], given: 27

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Re: Dilemma - retake GMAT vs Business opportunity [#permalink] New post 02 Jul 2012, 01:10
Given the very specific feedback of improving your GMAT score, I'm pretty sure that not retaking the GMAT would be looked upon negatively. They would've made notes on your app and when you put in your app this year, they will definitely go back to your previous app and check out their notes and the feedback that was shared with you..

Since you're so committed to being a Tuckie, you would be better off retaking your GMAT in the next couple of months and then working on the business opportunity. Clearly, I have no idea about the business you're dealing with or your personal & professional background, but retaking the GMAT seems to me as the obvious path forward..
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Manager
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Joined: 17 Jan 2011
Posts: 243
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Kudos [?]: 22 [0], given: 4

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Re: Dilemma - retake GMAT vs Business opportunity [#permalink] New post 02 Jul 2012, 15:42
That's true, they asked me to work on just three things and if I come short on even one, it wouldn't be very favorable. While, I may not be able to push the business idea, I'll try my give more time to GMAT and keep the business going..

Thanks scorpionz! and btw, congrats on booth!

scorpionz wrote:
Given the ... forward..

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***Help and be helped!!!****

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Joined: 07 Feb 2011
Posts: 389
Location: United States
Concentration: Strategy, Technology
Schools: Chicago (Booth) - Class of 2014
GMAT 1: 760 Q51 V41
WE: Project Management (Computer Software)
Followers: 16

Kudos [?]: 104 [0], given: 27

GMAT Tests User
Re: Dilemma - retake GMAT vs Business opportunity [#permalink] New post 02 Jul 2012, 20:45
Thanks & good luck to you!! Hope to see Tuck in a nice blue color your schools soon..
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Re: Dilemma - retake GMAT vs Business opportunity   [#permalink] 02 Jul 2012, 20:45
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Dilemma - retake GMAT vs Business opportunity

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