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New Economy Means New Entrepreneurs
Business school students are turning to entrepreneur courses during the recession rather than working toward landing a job with a Wall Street firm or a hedge fund, another sign that the U.S. has entered into a so-called new economy.
With a $787-billion stimulus package and the second part of an enormous financial bailout both set to offer benefits to small businesses and entrepreneurs, the trend could persist for some time.
The Kauffman Foundation, which touts itself as one of the world’s largest foundations devoted to entrepreneurship, has observed that prior to the recession that started just over a year ago, there had been a great expansion in interest on college campuses in entrepreneur courses.
There are signs, though, that students are turning their focus to small business and entrepreneurship programs to get a quicker start. Hyuk-Jeen Suh, Ph.D. and a member of Yale School of Management’s class of 2009, said that entrepreneurship courses have been so attractive due to the cross-functional skills required to run a business.
“I believe taking entrepreneurship classes is the best way to prepare myself to be a CEO someday, whether it is at a small company or a Fortune 500 company,” Suh said. “Despite the risk and challenges of entrepreneurship and starting a business, I also find it an extremely rewarding thing to do, especially if you can succeed.”
Photo by woodsy.
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Sarab Mann on April 14th, 2009 10:46 am
I don’t think any course makes you to be enterprenuer.The enterprenuership is quite different, it is a mind set and combination of traits which helps a person.
For example , any enterprenuership activity starts with simple dream , can any course helps to take the dreams ? I don’t think …
Ronald Garner on April 14th, 2009 4:14 pm
Two problems with this:
1) CEOs are not entrepreneurs, they are employees.
2) If they become CEOs, many of these same MBAs WILL in a few years ruin their companies just as the current crop of MBAs ruined today’s companies and the last crop ruined companies in 2001-2001.
They are not teaching MBAs the right things in business school, and more importantly OUTSIDE OF, business school!
Non-MBAs seem to have the better track record. (Incidentally, George W. Bush has an MBA.)
Free Radical Ray on May 25th, 2009 11:14 am
Becoming an entrepreneur is probably the most natural thing a human being can do. I anticipate the new economy will be built primarily from personal businesses, and small businesses that exploit individual success.
Michele Silence on May 25th, 2009 9:07 pm
Being interested in becoming an entrepreneur sounds good to a lot of people but unfortunately, many don’t possess the traits to really become one. Namely determination, self-discipline, creativity and knowing there’s going to be a lot of work.
Combining an interest in becoming an entrepreneur and the information in the blog post on niche marketing can offer a real boost.
The economic crisis is going to cultivate an entirely new set of entrepreneurs who pay attention to what is happening in the world, address a vital need and are prepared to work hard to become successful.
For those who are already in business, these times provide the perfect opportunity to showcase those offering the best value for the dollar. They’ll be the ones who rise above competitors.
Anand Bhairat on May 26th, 2009 2:10 am
I agree that this is the right time to think of being entrepreneur as it is relatively easy to get good talent.
I also think that being entrepreneur is not easy thing and one should be prepared to work hard, adapt and be dynamic to adjust quickly to the changing envioronment.
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