From MBA to Entrepreneur

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  • http://money.usnews.com/money/blogs/outside-voices-careers/2012/03/08/should-entrepreneurs-seek-mba-degrees

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  • 1. Welcome to the Evisors Webinar Visit us online at www.evisors.com From MBA to entrepreneur: How to make the most of your business school experience if you want to start a company featuring David Adelman Hosted by: Career Advisors on Demand..com/webinars
  • 2. Agenda • About David • Why become an entrepreneur • The 5-step plan for maximizing your time in b-school – The “Masters in Business Entrepreneurship” 1. Get started early 2. Take the right classes (and meet the right professors) 3. Outside the classroom: Immerse yourself 4. Wear your blinders 5. Network (and learn) like crazy • Q&A Hosted by: Career Advisors on Demand..com/webinars
  • 3. About David Education • MBA, The Wharton School (2011). Major in Entrepreneurial Management. • AB, Harvard College (2004) Experience • Founder, Reel Tributes • Operations intern, Overstock.com • Associate, Charlesbank Capital Partners • Senior Associate Consultant, Bain & Company • Founder, Boston International Hosted by: Career Advisors on Demand..com/webinars
  • 4. My story: Consulting to PE to struggling entrepreneur 2004 2012 2004 2012 Net Worth Net Happiness Hosted by: Career Advisors on Demand..com/webinars
  • 5. There are many reasons to become an entrepreneur. Some are better than others. • You’d love nothing more than freedom from “the man” • You seek flexibility in your hours or work/life balance • You enjoy creating things • You have a brilliant idea that the world can’t live without • You’d rather get things done than be a cog in a machine • You want to be wealthy • MDs at Goldman are rich. Peter Thiel is wealthy. … but can you (and your wife/kids/hungry dog) stomach the risk? At the end of the day, it’s a personal decision. Only you know if entrepreneurship is right for you. Hosted by: Career Advisors on Demand..com/webinars
  • 6. The 5-step plan: Get started early • Your time in b-school flies by. Graduation (and the real world) is closer than you think. • Even if you’re just have a hunch, explore it today • Use the first few weeks to figure out the lay of the land • Start looking for potential partners • Tell people your idea. Nobody is going to steal it. Hosted by:See the rest at evisors.com/webinars/webinar/26
  • 7. Take the right classes (and meet the right professors) • Take as many entrepreneurship courses as you can • The material is helpful (sort of). Classes on legal issues, and hands-on business plan creation, are invaluable. • The biggest benefit: meeting classmates and professors who can help you get started • Take your profs to lunch (don’t worry, it’s only awkward for the first 5 minutes) Can you teach entrepreneurship? Maybe. Hosted by:See the rest at evisors.com/webinars/webinar/26
  • 8. Outside the classroom: Immerse yourself • Take advantage of as many programs as possible • Enter the business plan competition • Attend lectures by alumni entrepreneurs • Go to your city’s Tech Meetups • Join your city’s startup email list(s) • Find a mentor • View your classmates as an incubator- test assumptions! Hosted by:See the rest at evisors.com/webinars/webinar/26
  • 9. Wear your blinders • Your friends will be recruiting • Don’t worry, you’re not missing out. It sucks. • Signing bonuses are nice, but if you have money saved up (or friends/family that will invest), that’ll work too. • Don’t get discouraged by uncertainty and self-doubt. If you are overcome by anxiety as graduation approaches, take it as a sign. “Without self-belief nothing can be accomplished. With it, nothing is impossible.” – Felix Dennis (founder of Maxim) Hosted by:See the rest at evisors.com/webinars/webinar/26
  • 10. Network (and learn) like crazy • Talk to alums, friends, former colleagues, friends of friends, experts, etc. – LinkedIn is your friend – So is Evisors  • Ask, don’t sell! • Look for the pain points. • Listen to what people are telling you. • Read good books. A few winners: – The Lean Startup by Eric Riese – How to Get Rich by Felix Dennis – Rework by David H Hansson – Many others! Hosted by:See the rest at evisors.com/webinars/webinar/26
  • 11. Q & A Hosted by:See the rest at evisors.com/webinars/webinar/26
  • 12. Questions & Answers Question 1: Is there a general number of interview rounds or is it dependent on the firm? Hosted by:See the answer at evisors.com/webinars/webinar/26
  • 13. Questions & Answers Question 2: What types of questions are covered in technical interviews? How important is the technical vs. fit interview? Hosted by:See the answer at evisors.com/webinars/webinar/26
  • 14. Questions & Answers Question 3: Can you transition from a management to a finance professional? Hosted by:See the answer at evisors.com/webinars/webinar/26
  • 15. Questions & Answers Question 4: Is private equity still a favourable field to start your career? Hosted by:See the answer at evisors.com/webinars/webinar/26
  • 16. Questions & Answers Question 5: How can a candidate ruin an interview? Hosted by:See the answer at evisors.com/webinars/webinar/26
  • 17. Questions & Answers Question 6: Is there a general number of interview rounds or is it dependent on the firm? Hosted by:See the answer at evisors.com/webinars/webinar/26
  • 18. Questions & Answers Question 7: What types of questions are covered in technical interviews? How important is the technical vs. fit interview? Hosted by:See the answer at evisors.com/webinars/webinar/26
  • 19. Questions & Answers Question 8: Can you transition from a management to a finance professional? Hosted by:See the answer at evisors.com/webinars/webinar/26
  • 20. Thanks for Joining! Book your session with David at http://www.evisors.com/expert/710 Hosted by:See the answer at evisors.com/webinars/webinar/26