Article of The Economist, July 14th.
Aloysius Fekete, Chief Executive Officer, MaxBips
Business school can give you many of the useful attributes you need to
be a successful entrepreneur, says Aloysius Fekete, chief executive of
London-based start-up MaxBips.
But it can’t give you the only essential one: desire. “You just need
that bug,” he explains. “That’s what drives you. Business school
doesn’t necessarily give you that. But it does allow you to see the
possibilities—and realise them—in a way that is more difficult without
that experience.”... ...
Ian Dailey, President and Co-Founder, Husk Insulation
..“You will hear this from a lot of students,” he says. “The university
has a high enrolment in the entrepreneurs’ club, but most take a look
at the loans they have taken out [to pay for their tuition] and the
uncertainty involved in setting up a business and they end up taking
corporate jobs. I was in the same boat too. You may have aspirations to
be an entrepreneur, but on-campus recruiting becomes such a big thing
and everyone’s getting jobs left and right and you get sucked into that
world of corporate presentations. But that never seemed right for me.”... ....
Daniel Callaghan, Managing Director, MBA & Company
... But perhaps the most pressing question is why Mr Callaghan felt the
need to go to a business school to become an entrepreneur, given that
the other successful tycoons in his family had determinedly dodged
them. What was it that IESE added that the rest of his family lacked?
“It’s the technical and financial skills—the ability to have a
conversation with professional investors—and the presentation and
document-writing skills. These are the things that you can learn at
business school. The things you can’t learn are the courage and
conviction to keep pushing it on.”
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Posted by: Daniel Callaghan | Thursday, 27 August 2009 at 08:12 AM