Phd from a top school or MBA from a top program?

Enginox
Thu, 18 Nov 2010 15:21:10 +0000

A degree is not required to start a company; knowledge, capital, a sought-after product, a good business plan, discipline, and luck are required to start a company. Any chump can go through 4+ years of higher education and get a degree at the end; most of us do not have all the factors listed above to start our own companies.

What the degree does is signal others that you successfully navigated 4+ years of bureaucracy and managed your time accordingly. This talk about owning your own company sounds great and all, but in reality is nothing more than a vague idea. What kind of company? What product(s) will the company offer? Is/are the product(s) in high demand? What makes you think you will be able to compete with the BASFs, DuPonts, DoWs, and Union Carbides of the world?

You are better off investing your time studying and perfecting your skills.