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thank you for all of your advice.
I have another question. I am currently CEO of a small company and will stress that on my applications this year. In case I do not get admitted to a top program this year because my GMAt is not high enough yet, I will reapply for the next year. If my startup company fails and I have to get a regular job by next year, how much would that hurt my case? Can schools really find out about all jobs I have held even if the job is only for the duration of two weeks or if I have do something part-time to keep myself from starving? I would prefer not to list those side-jobs because they would not match my industry or career pattern; they would merely serve to pay bills.
I would really appreciate if you could give me some advice.