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01 Apr 2017, 20:47
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gmat2k17
Hi,
I am in a bit of conundrum.
While working with my current employer I am forbidden from officially engaging in any venture. Now, I have a barely literate rich friend and a rich uncle, with whom and with their money, I have found two companies and both of them are decently progressing. In one of these I was involved with my wife. Now comes the problem: I haven't officially played a role in these companies, but I have given my blood, sweat, and tears to both of these companies, especially while setting them up. A lot of my colleagues are also running side business in the name of their family members.
Is it ok to mention these experiences in my application? Will it be considered unethical and lead to the outright rejection of my application? I have read somewhere in the past that candidates disclosing confidential cost savings were rejected from schools for violating their respective company's policies. However, in this case I am not violating any laws.
These experiences may help my application shine, but if it can be such risky as stated above, I'd not include them. Please help me with your expert opinions.
Thanks in advance.
I am in a bit of conundrum.
While working with my current employer I am forbidden from officially engaging in any venture. Now, I have a barely literate rich friend and a rich uncle, with whom and with their money, I have found two companies and both of them are decently progressing. In one of these I was involved with my wife. Now comes the problem: I haven't officially played a role in these companies, but I have given my blood, sweat, and tears to both of these companies, especially while setting them up. A lot of my colleagues are also running side business in the name of their family members.
Is it ok to mention these experiences in my application? Will it be considered unethical and lead to the outright rejection of my application? I have read somewhere in the past that candidates disclosing confidential cost savings were rejected from schools for violating their respective company's policies. However, in this case I am not violating any laws.
These experiences may help my application shine, but if it can be such risky as stated above, I'd not include them. Please help me with your expert opinions.
Thanks in advance.
Hi gmat2k17,
It seems that you are planning to quit your job as it is to pursue an MBA. And MBA adcoms love an entrepreneurial application. You should put this in your resume simply because its true. You have worked in those startups and you are not lying. You need to navigate a strategy around this conundrum to answer any questions IF ANY are raised by the B-school adcoms.
01 Apr 2017, 21:58
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gmat2k17
Hi,
I am in a bit of conundrum.
While working with my current employer I am forbidden from officially engaging in any venture. Now, I have a barely literate rich friend and a rich uncle, with whom and with their money, I have found two companies and both of them are decently progressing. In one of these I was involved with my wife. Now comes the problem: I haven't officially played a role in these companies, but I have given my blood, sweat, and tears to both of these companies, especially while setting them up. A lot of my colleagues are also running side business in the name of their family members.
Is it ok to mention these experiences in my application? Will it be considered unethical and lead to the outright rejection of my application? I have read somewhere in the past that candidates disclosing confidential cost savings were rejected from schools for violating their respective company's policies. However, in this case I am not violating any laws.
These experiences may help my application shine, but if it can be such risky as stated above, I'd not include them. Please help me with your expert opinions.
Thanks in advance.
I am in a bit of conundrum.
While working with my current employer I am forbidden from officially engaging in any venture. Now, I have a barely literate rich friend and a rich uncle, with whom and with their money, I have found two companies and both of them are decently progressing. In one of these I was involved with my wife. Now comes the problem: I haven't officially played a role in these companies, but I have given my blood, sweat, and tears to both of these companies, especially while setting them up. A lot of my colleagues are also running side business in the name of their family members.
Is it ok to mention these experiences in my application? Will it be considered unethical and lead to the outright rejection of my application? I have read somewhere in the past that candidates disclosing confidential cost savings were rejected from schools for violating their respective company's policies. However, in this case I am not violating any laws.
These experiences may help my application shine, but if it can be such risky as stated above, I'd not include them. Please help me with your expert opinions.
Thanks in advance.
gmat2k17 I would agree, definitely mention it. They are looking to get to know you in these applications. If your guidance has been instrumental to the success of these companies, I would not hide it. A bit confused about what you're saying about the cost savings thing. I have all my candidates indicate cost savings they have generated and everyone I've worked with has been admitted to at least one top program. These applications are private documents. That issue aside, I think these experiences would definitely benefit you, and put you in the light as someone who is a leader and innovator. Own your brilliance =)
. This wasn't a normal extra-curricular activity as I was spending quite a lot of time in these firms. In addition, I have mentored a start-up, but I don't think that that is something meaningful enough to include in my application as an extra-curricular. 
