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While I agree that successful company builders usually have a natural inclination to be entrepreneurs, a good education helps polish that apple. The entrepreneurial wunderkinds who find success without higher education "are exceptions to the rule," says Robert Litan, Vice President of Research and Policy at the Kauffman Foundation.
Over my many years of mentoring aspiring entrepreneurs and business professionals, I often hear a desire to start a new business, with a big hesitation while waiting for that perfect idea and perfect alignment of the stars. Then pursue the people and education you need to build a winning business.
More importantly, as a parent or mentor, what should you advise young potential entrepreneurs about getting an MBA? In some recent surveys, as many as two-thirds of entrepreneurs felt that their entrepreneurial spirit was more ingrained than learned, so maybe the education level is irrelevant. Consider it a waste of time.
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