{"id":22926,"date":"2014-02-17T13:26:42","date_gmt":"2014-02-17T20:26:42","guid":{"rendered":"https:\/\/gmatclub.com\/blog\/?p=22926"},"modified":"2014-02-17T13:26:42","modified_gmt":"2014-02-17T20:26:42","slug":"goal-setting-as-an-entrepreneur","status":"publish","type":"post","link":"https:\/\/gmatclub.com\/blog\/goal-setting-as-an-entrepreneur\/","title":{"rendered":"Goal Setting as an Entrepreneur"},"content":{"rendered":"

\"BuildYourOwnDreams\"<\/a>I always ask my clients to state their long and short-term goals for me on our first meeting. Eighty percent of the time I hear the response, \u201cI want to be an entrepreneur<\/a>.\u201d So I begin to peel away at the onion.<\/p>\n

\u2022 What problem is your business going to solve?<\/p>\n

\u2022 Why is it different than a solution that exists today?<\/p>\n

\u2022 Is there a market for the goods or services you plan to sell?<\/p>\n

\u2022 How big is that market?<\/p>\n

\u2022 Who is your competition?<\/p>\n

\u2022 Can you patent your solution?<\/p>\n

\u2022 What will your margins be?<\/p>\n

\u2022 How will you finance this business?<\/p>\n

\u2022 What is your expected return on investment?<\/p>\n

\u2022 What is the exit strategy?<\/p>\n

You can't just say, \u201cI want to be an entrepreneur\u201d and leave it at that. <\/strong> You also can't just have an idea or concept. You need to have the skeleton of an actual business plan if you want to credibly declare yourself an entrepreneur in your MBA application<\/a>.<\/p>\n

\"Click<\/a><\/p>\n

\"Natalie<\/a> By Natalie Grinblatt Epstein<\/a>, an accomplished Accepted.com consultant\/editor (since 2008) and entrepreneur. Natalie is a former MBA Admissions Dean and Director at Ross, Johnson, and Carey.<\/em><\/em><\/em><\/p>\n

 <\/p>\n

 <\/p>\n

Accepted.com's experienced admissions consultants<\/a> can help you create the most impressive application possible with comprehensive packages<\/a>, <\/i><\/b>or provide targeted assistance from picking perfect programs<\/a> to designing a dazzling resume<\/a>, constructing engaging essays<\/a>, or preparing for intense interview<\/a>s<\/a>\u2026and more! Accepted.com has guided thousands of applicants to acceptances at top MBA programs since 1994 \u2013 we know what works and what doesn't, so contact us<\/a> to get started now!<\/p>\n

This article originally appeared on the Accepted Admissions Consulting Blog<\/a>, the official blog of Accepted.com.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

I always ask my clients to state their long and short-term goals for me on our first meeting. Eighty percent of the time I hear the response, \u201cI want to…<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,4,6,1,939,775,113],"tags":[1068,1269,7,1347,150,1067,1005,446,276],"class_list":["post-22926","post","type-post","status-publish","format-standard","hentry","category-mba","category-career-reviews","category-current-events","category-uncategorized","category-accepted","category-admission-consultants","category-applications","tag-career-goal","tag-career-goals","tag-entrepreneurship","tag-goal","tag-goals","tag-mba-career-goals","tag-mba-entrepreneurs","tag-mba-goal","tag-mba-goals","entry"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\n\t\t\n