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Top 10 Business Schools For Entrepreneurs

If you are an entrepreneur aspiring to gain more success in your business career, you can refer to several of the best schools to sharpen your entrepreneurial skills and make use of any business opportunity you may come across. In this regard, entrepreneurs are not born, they are made. Indeed, the role that their education plays cannot be underestimated. Colleges and schools are vital in shaping the career of any aspiring entrepreneur.

Here is a list of the Top 10 Business Schools for entrepreneurs that are the alma mater of a great number of entrepreneurs:

1) Harvard Business School

At Harvard Business School, approximately fifty percent of their graduates become successful and known entrepreneurs at least 15 years after graduating.
One famous entrepreneur who was an alumna of Harvard Business School is Abigail Pierrepont Johnson. She is an American businesswoman and President of Fidelity Investments Personal and Workplace Investing. She was a consultant at Booz Allen & Hamilton and in 1997 she was promoted to an executive role in Fidelity Management and Research and later became a Senior Executive at Fidelity Institutional Retirement Services and Fidelity Investments. She currently serves as a member of the Committee on Capital Markets Regular. According to the Forbes, she is the 22nd richest person in the United States and 48th in the world.

2) Columbia Business School

Columbia Business School a Columbia University is in Manhattan, New York City. The school was established in 1916 to provide business training and professional preparation for the graduate and undergraduate population.
Ron Gonen, a graduate of Columbia Business School cofounded RecycleBank, the pioneering recycling incentives program and has contracts with several municipalities in the mid-Atlantic and New England regions. Gonen is a frequent lecturer in class and served as a panelist at alumni entrepreneur events.

3) University of Chicago

The Booth School of Business is a graduate business school located in Chicago, Illinois at the University of Chicago, which was formerly known as the University Of Chicago Graduate School Of Business. It is the first school to offer an Executive MBA program and the first to initiate a PhD program in Business.
One of the most famous alumni of this university is Joe Mansueto, the Chief Executive Officer of Morningstar. Mansueto graduated from the Universityof Chicago with Bachelor of Arts/Science and master of Business Administration degrees. In 2011, his majority ownership of Morningstar gained him inclusion on the Forbes Worlds Billionaires list.

4) Stanford Graduate School of Business

The Stanford Graduate School of Business is the most prestigious business schools on the West Coast. Its also one of the most desired schools to receive an MBA in the world. If you are able to manage to get into the program you can join the ranks of other successful alumni and operate some of the largest companies like Capital One, GlaxoSmithKline and Gap.

One famous entrepreneur who graduated from Stanford is Vinod Khosla, the Co-founder of Sun Microsystems and founder of the VC firm Khosla Ventures. Khosla is an Indian-born American venture capitalist and has an influential role in Silicon Valley.

5) MIT Sloan School of Management

MIT Sloan School of Management was established in 1914 and emphasizes on innovation and invention. It is the home to many of the worlds famous management and finance theories. MIT requires students to apply concepts learned in classroom to real-world business settings. It is the alma mater of many prominent entrepreneurs.
A good example could be Mitch Kapor, the founder of Lotus Software/Lotus Development Corporation. He is the designer of Lotus 1-2-3, co-founder of the Electronic Frontier Foundation, and was the first of the chair of the Mozilla Foundation.

6) Haas School of Business

Haas School of Business emphasizes on developing innovative business leaders who redefine how we do business. There are many notable entrepreneurs who are graduates of Haas School of Business.
Michael Wood who is a founder of LeapFrog Enterprises attended this school. Leapfrog, is an educational entertainment company based in Emeryville, California. the company designs, develops and markets technology-based learning products and related content for the education of infants through grade school, children at home, and in international schools.

7) Tuck School of Business at Dartmouth

This Business School was established in 1990 at Dartmouth and has around forty percent of its graduates pursuing management careers. The TuckSchool offers only a single degree which stresses on a collaborative and teamwork-based approach.
Charles Alfred Pillsbury, founder of Pillsbury Corporation is a notable entrepreneur who is an alumnus of the Tuck School.

8) Cambridge Judge Business School

This School is formerly known as the Judge Institute of Management Studies. It is the business school of the University of Cambridge and was established in 1990. The school continues to provide management education and is consistent in its ranking as one of the worlds leading school in business.
Martin Bjergegaard is a graduate of the University of Cambridge and has 10 years of experience as a portfolio entrepreneur. He is the CEO at Better Now, taking online fundraising to the next level through an integrated video, payment and campaigning web functionality.
9) Oxford Business College

Oxford Business College specializes in a range of Business Management courses based in the heart of the University of Oxford.
Cecilia Lijun Jiang is an alumna of Oxford Business College and has been working in the commercial banking field for more than 20 years. She is very familiar with the products and services that Chinese banks provide to their customers, as well as with the new enterprises demand for their business development.
10) London Business School

The London Business School is an international business school and a part of the Federal University of London. The School teaches post-graduate programs in finance and management. It also offers the Sloan Fellowship Program for experienced business executives.

An alumna and a visiting professor in the Entrepreneurship Department of London Business School is Rob Johnson. Rob is a successful entrepreneur and venture capital investor. He was on the faculty of London Business School from 1990 where he taught a course on entrepreneurial finance. He also founded the European Business Plan of the year Competition.

Rounds Of Business Funding From Seed Financing To The Ipo

Fund-raising has never been an easy task. However, many entrepreneurs rely on the possibility of attracting venture or angel financing at the very early stage to get the projects off the ground. But is that a realistic assumption to be put into a business plan? What is the likelihood of conducting the first two or three years of coding (for tech start-ups) or R&D (for any other innovative projects) at the investors cost? Let’s outline typical stages in a successful company’s financing. We’ll start with the first and finish with the last. Although there are rare exceptions to this sequence, in most cases it looks like this.

1. Seed Round.

This is the starting point of any business: you only have your idea and the first rough profitability estimations. Every entrepreneur at this stage recognizes the Idea as his/her top value asset. And this is natural as the Idea will be providing the guiding light and most of the motivation before actual sales take place. Every book of Entrepreneurship advises you to think big at this stage. Even if all you do is opening a bakery at the corner, you should be aiming at changing this world for good. But it usually takes a year or two of hard work and bitter frustration before there is something at your disposal that can be sold. And chances are that the world will disapprove your Big Idea and youll have to start it all over.

So what kind of investment are you possibly able to attract at this stage? The answer is the “3Fs”, otherwise known as Family, Friends, and Fools. You should be prepared to invest your own capital (including the money you make with your day job) and search for business partners among the people you know. If you are lucky, you will make great team that contributes all the knowledge, skills, resources and (yes!) capital to turn the Idea into actual business.
The seed round is important not only because this is how you raise your initial capital. You also validate your idea and make serious correction to the business plan. You start understanding the needs of your target customers and learn how your future project or service will change their lives for better.

1a. Crowd Financing.

This is a relatively new and by all means trending way to succeed at the seed stage. There are multiple web-based services that aim at connecting entrepreneurs and investors. Most of them charge either membership fees or success fees, but there are websites that you can use for free. I will review most popular and/or most interesting business matching sites in one of the upcoming articles.

2. Angel Round.

The launch and the first sales are the critical landmark to prove your business concept. When there are people out there willing to pay for your product or service, you know you are on the right way. Now you have a tangible proof of what has been the Idea. Your team matures and is getting ready to face new business challenge and open new market horizons So you need additional funding (more often than not its volume exceeds initial capital) and start introducing your business to might-be angel investors in a solid and confident way as you present not some projected but real sales numbers.

3. Venture Capital Round.

When your business is growing, possible revenues are running long before the market average and the potential for an IPO or acquisition is more than decent, VCs step in. Dont think about venture firms as ambivalent money sacks they are searching for potential market break-through businesses actively as investing at, lets say, 10X, 20X, 50X IRR is their business specialization. Usually you start negotiating in a few years before an actual IPO or acquisition might take place. As the cooperation proceeds, VCs assist and consult you in preparing your company for this important step. Often this preparation includes replacing management with C-level officers who are known to and respected by your industry and/or Wall Street.

4. The IPO or Acquisition.

This is the big pay-off at the end of years of hard work. It means liquid stock are selling at, hopefully, high P/E multiple or your business is acquired by a large strategic player from Fortune 1000 list. Of course this is not the only possible exit scenario as you might choose not to exit the game. Your business might become your lifetime passion and you might be one of those brilliant start up entrepreneurs who are also the best CEO of their companies.

Business development and financing is an interconnected process. And in order to succeed you should follow the inner logic of the process and apply the funding strategies which are adequate to your current position.

Christian Entrepreneur Deepak Mahtani – From Hinduism to Christianity via the highway of tragedy

DeepakDeepak Mahtani had everything he ever dreamed of in life: money, a flourishing company, class, and business degrees from Sophia University, Tokyo, Japan, and American College, Switzerland. He followed his family’s tradition of serving the Eastern gods and rested assured that he was living life to the fullest. Born into a Sindhi Indian family, Mahtani grew up learning the Hindu scriptures, attending their services and participating in the rituals that come along with the faith. His father was a businessman from Pakistan who fled to India because of tribal persecution. He settled in Bombay with a few rupees and started a business. Not long afterward, he got on a cargo ship and relocated 6,000 miles to Indonesia.

He gave birth to his son Deepak and two other siblings in Hong Kong, and four years later, relocated to Japan. They still practiced their Hindu religion and his father always drilled into the heads of his children that -money and success is all that you need to be happy in life.-

He had no idea that hell was around the corner until an unexpected tragedy struck and changed his life for good. His sister came to visit him in Geneva for two weeks. She had an automobile accident and died instantly. It was a very traumatic experience that left him in severe depression for six months. He lost interest in his business, started smoking, was drinking excessively and suicidal until he met a fellow Sindhi Indian in Geneva who was a Christian. This new friend tried to introduce him to his Christian God but Mathani was adamant. His friend encouraged him not to reject the Christian God, but to focus on the man Jesus and His word. Bathani got a Bible and began reading the words of Jesus in red and gradually started believing in the God of the Bible.

At the age of 12, Mahtani lost his mother to kidney disease. Even though he was the baby of the family, he was determined to succeed at all costs. Upon graduation from school, he started an electronics distribution company that he took from zero to $4 million in four years. His wealth came with a luxurious lifestyle: first-class travel, five-star hotels, nice clothes and money to do whatever he wanted. He was fluent in English, French, Spanish, Japanese, and two Indian languages. His busy schedule did not accommodate anything to do with God; he was brutally aggressive about getting what he wanted to the point of pushing people out of the way without blinking an eye. For Mahtani back then, what could be sweeter than the -heaven- he was experiencing on earth?

He had no idea that hell was around the corner until an unexpected tragedy struck and changed his life for good. His sister came to visit him in Geneva for two weeks-then got in a car accident and died instantly. The trauma of her death left him in severe depression for six months. He lost interest in his business, started smoking, was drinking excessively and suicidal until he met a fellow Sindhi Indian in Geneva who was a Christian. This new friend tried to introduce him to his Christian God, but Mahtani was adamant. His friend encouraged him not to reject the Christian God but to focus on the man Jesus and His Word. Mahtani got a Bible and began reading the words of Jesus in red and gradually started believing in the God of the Bible.

After praying without success to other gods for one good night’s sleep, his request was granted by the God of the Bible. That was how he gave his life to Christ. Today, he shares the Gospel all over the world, especially with Hindus and Sikhs and business people. He is actively involved in leadership in his local church and is married to Celia. They have two grown boys–Arun and Sanjay.

When he first converted to Christianity, his family members were unhappy and extremely skeptical. Over time they saw the positive impact of his new-found faith. His act of loving and accepting his family despite their differences in belief caused his older sister and niece to turn to Christianity.

Today, Mahtani is a management training consultant specializing in understanding culture and working with different cultures, especially those of India, Japan, and China. He has coached and trained hundreds of senior managers who are involved in outsourcing to Indian companies and in remote team management around the globe. Most of his clients are FTSE100 and Fortune 500 companies, and he sits on a number of boards.

Apart from his business interests, he is actively involved in a number of charities both in the UK and South Asia that raise funds for health, development, and education in developing countries. He was included in the International Who’s Who of Professionals (2001). He recently participated in writing a book called Sindhi Journeys of Faith–20 stories of Sindhis around the world who have come to know Christ. All 2,000 copies of the book have been distributed, and another reprint is being planned.

-After 20 years of being a follower of Jesus Christ, He has answered my prayers,- Mahtani says, summing up his Christian experience. -Today, I am even more successful than I ever was, not because of money but because of the people I met through my faith as I traveled round the world.-

His message for the world is, -God is a God of love, and Jesus is his means of demonstrating that for each one of his children. He so wants a relationship with each one of us. Don’t think of it as a religion but rather as a love story. Also don’t believe and live the lies that have been spoken over you by the evil one and people who he uses to discourage us.-

Let us lift up Deepak Mahtani in prayer–that the Lord will continue to empower him to reach others with the Good News, in the name of Jesus. Pray that his efforts will not be in vain and unlimited favor will be his portion at all times, in Jesus’ name.

By May Olusola www.mannaexpressonline.com

Why Being A Woman Entrepreneur Is So Wonderful

When most people think of work, they think of the daily grind, the feeling of having to go somewhere they don’t want to every Monday, and of bringing home a paycheck that is way too small. When you are a woman entrepreneur, that is not your reality. Your life is a lot different.

In spite of today’s tough economy, starting up a business is the right thing to do. When other companies are laying people off or shutting down completely, you can be in a position to start up a business and even hire people. You also have the opportunity to enter the economy at a time when there are some serious voids in the market. In fact, there hasn’t been a better time to be a woman entrepreneur than right now.

Of course, there are some parts of owning your own business that can create a little stress. Knowing that you have to rely on yourself, and no one else, to provide your salary can be a little difficult. Realizing that you will have to continue working and digging up clients or customers at times when you may not feel like it can also be hard. But, the rewards are more than worth it.

When you are a woman entrepreneur, you have a flexibility in your life that the nine-to-five people just don’t have. You can work the hours that you want and the days that you need to. You can build your business around your family’s schedule, your spouse’s schedule, or just however you want. In addition, you will have a business that is all yours, that you can build as large as you want, and that you will always feel proud of. The confidence and sense of empowerment that you will get from starting and owning your own business can never be replaced.