nink wrote:
http://www.businessweek.com/magazine/content/09_17/b4128000948572.htm?campaign_id=rss_daily
Jack and Suzy Welch states various options for new grads.
However, their favorite advice - start a new business - sounds unrealistic to many graduates because many HAVE to work because of huge loan they have to repay...
Good point. Even though there are usually there is a 6 months "grace period" after graduation or graduated payment plans, the fact that you would have zero start up capital of your own (assumption), limits the opportunities significantly.
I was in this boat - my classmate and I had trouble landing the jobs everybody told us we would get (sound familiar?), so we opened an online Jewelry Store (never expected it to be the big hit, but just something to put our time into with while we were job hunting - we figured it sounded better than "I am unemployed," and was also a good conversation starter - Gold demands respect). Were able to do it with low start up costs. However, it was not a very easy business - we had to work for most sales as not many people are willing to spend hundreds or thousands of dollars at an unknown online jewelry store. Shut it down within 6 months as we could not handle day jobs and the business.
So I would say starting a business right out of MBA is tough taking into consideration your last pay check came in 18 months ago.
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