Yesterday, I was reading an article how Google has become synonymous with search on the internet, about their latest innovations such as Gmail & earlier ones Adwords & Adsense. The founders of Google - Larry Page & Sergey Brin are dropouts from Stanford University and immediately a question struck my mind as to why dropouts succeed better than their mates who complete their education doing MBAs & other stuff. Another great example of dropout’s success is Bill Gates.
I decided to find what could be the reason for their success and found something very interesting words from MBA of Wharton
Why MBAs are so frequently beaten out by drop outs and other “less credentialled” people.
1) It’s the money! Why start a company when you can get a six figure job right out of b-school–no real skill needed! Once you start down the big bucks salary path it’s hard to step back boot strap a start-up.
Even those who do venture in the entrepreneurial world know that if things go poorly they can always return to the comfort of corporate America. Many entrepreneurs become most successful when they reach a point of desperation…they find a way to succeed because they have no other choices.
2) All the b-school training is about running big companies, not small ones. Even with my degree, I learned how to write a great business plan and raise venture capital, but I didn’t have a clue how to run my own firm or address the myriad challenges small business owners face. (And many of the terrific people who now work for me may think I still don’t have a clue!)
3) Street smarts. Hate to admit this one, but in the entrepreneurial world street smarts beats book smarts.
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