What They Don't Teach in Business School about Entrepreneurship

Part of 2010 Conference on Entrepreneurship.
Description: A group of entrepreneurs talk about what they learned in the trenches that they never could have learned in a classroom. The panelists will also share the courses that were most helpful to them in their entrepreneurial ventures, the courses that they wished they had taken, and the topics that business schools should be teaching to aspiring entrepreneurs.
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Пікірлер: 149

  • @maximillian.a.m
    @maximillian.a.m3 жыл бұрын

    A few topics that the panel mentioned is covered in a valuable book titled, The Start-Up Owners Manual. I recommend all entrepreneurs read it

  • @asdf-jo4vv

    @asdf-jo4vv

    3 жыл бұрын

    Thx

  • @renxoramos4465

    @renxoramos4465

    3 жыл бұрын

    Tnx

  • @HassanOmar-uu7nz

    @HassanOmar-uu7nz

    2 жыл бұрын

    9

  • @ziggyc4474

    @ziggyc4474

    2 жыл бұрын

    To me it sucked not as good as you said it is,sorry .

  • @kenkeyran1934

    @kenkeyran1934

    2 жыл бұрын

    @@asdf-jo4vv ni

  • @aDIYCarGuy
    @aDIYCarGuy11 жыл бұрын

    A personal finance class should be required for any non-business majors. Colleges don't teach how to balance a checkbook because that is an antiquated thing best left to high school education.

  • @ivynya29
    @ivynya29 Жыл бұрын

    I’ve been looking for this video. Watched it 8years or so ago and it was transformative. Loved how they address diversity and strengths and how to leverage both in business and partnerships.

  • @hansvetter8653
    @hansvetter86532 жыл бұрын

    I am focussing on my strengths. Weaknesses always gets compensated by your team members, because of their strengths! So team building means combining orthogonal strengths by many different backgrounds of each team member ...

  • @cameronthorby5799

    @cameronthorby5799

    Жыл бұрын

    What if empathetic listening is a weakness and you want to lead a team? Or you aren't great at Sales so you don't have an idea of what to look for when you're hiring a Sales lead? You don't have to turn a weakness into a strength but if you completely neglect them your small weaknesses are going to become big ones.

  • @J_CO
    @J_CO2 жыл бұрын

    Being your own boss is not for everyone. It’s way harder than having a regular 9-5 it’s very rewarding but trust me it’s not as easy as people make it seem

  • @ziranduan
    @ziranduan2 жыл бұрын

    The message from this video is so excellent, I admire them and Stanford

  • @joshuamweeka1381
    @joshuamweeka13813 жыл бұрын

    I am very happy to find this page I have been missing it

  • @omkarsawant7933
    @omkarsawant79332 жыл бұрын

    These are some of the best people at what they do. Kudos for sharing this GBS. I am wondering what they might be doing now in 2021.

  • @newid4575

    @newid4575

    Ай бұрын

    Yeah that the internet was new any Business in internet was booming as it has first mover advantage now ai has same capabilities.

  • @mvivekc
    @mvivekc3 жыл бұрын

    Such an under-rated talk.

  • @asdf-jo4vv

    @asdf-jo4vv

    3 жыл бұрын

    Yeah, right? I am fascinated with the tips! 👌🏻

  • @astralamborghini4319
    @astralamborghini43193 жыл бұрын

    Don’t be afraid to go to sales. It’s a basics! Go there where you are not the best, where people tell you how stupid you are)) that’s where your growth in

  • @GanpatiRam
    @GanpatiRam2 жыл бұрын

    Thank you stanford for this video❤😊

  • @Device_Guy
    @Device_Guy Жыл бұрын

    I thought this was going to be a BS video. I was wrong, it is awesome. Some really great nuggets from all three guests on the panel.

  • @bron3477
    @bron3477 Жыл бұрын

    Listening to this in 2023. Finally an entrepreneur speaking about her mompreneur journey

  • @swapnilkulkarni6719
    @swapnilkulkarni67192 жыл бұрын

    Thanks for valuable insights..

  • @napoleontan2841
    @napoleontan28412 жыл бұрын

    Thank you so much.

  • @pacifiquebusiness
    @pacifiquebusiness6 ай бұрын

    Thank you Stanford for this video ❤😊 I am study Stanford 🎓

  • @BIGNELLTV
    @BIGNELLTV Жыл бұрын

    Great Video Thank You

  • @Create301
    @Create3013 жыл бұрын

    Learn where you’re weak in 💯🙌🏼✨

  • @sophiepchat4247

    @sophiepchat4247

    2 жыл бұрын

    Right bitoflife

  • @nks99999
    @nks999992 жыл бұрын

    Profound!

  • @77petesgarage
    @77petesgarage Жыл бұрын

    Excellent

  • @maryamm8379
    @maryamm83793 жыл бұрын

    I just can’t express how much I really like those two entrepreneurs 30:35

  • @kingsolomon0
    @kingsolomon03 жыл бұрын

    Thumps up for uploading this video.

  • @edwinbrace4681
    @edwinbrace46812 жыл бұрын

    Mike was ahead of his time !

  • @jchanning72
    @jchanning722 жыл бұрын

    Wouldn't have expected someone to wear an England Umbro shirt to an event like this!

  • @living4adrenaline

    @living4adrenaline

    2 жыл бұрын

    THIS IS ENGLAND!

  • @StorytellingHeadshots

    @StorytellingHeadshots

    5 ай бұрын

    This is Stanford.

  • @omkarsawant7933
    @omkarsawant79332 жыл бұрын

    No body mentioned what problem their start-up solves 🙄

  • @ashercarson2192
    @ashercarson21922 жыл бұрын

    Summary please!

  • @jahbrae
    @jahbraeАй бұрын

    I'd say they don't teach how to build rapport with others, utlizing your own unique personality in an effective way.... I"d say lastly how to cultivate a healthy relationship with emotions to enjoy the process vs. hustle grind and hate life.

  • @inlander311
    @inlander3113 жыл бұрын

    i wish i've watched this few years ago, where was i ?

  • @lifeisabadjoke5750

    @lifeisabadjoke5750

    2 жыл бұрын

    being a loser

  • @mattjw16
    @mattjw162 ай бұрын

    Apparently they also don’t teach you how to operate a toaster oven

  • @jjk028
    @jjk0283 жыл бұрын

    Oh we went from 1500 to 15 million in 3 years......yeah let's just call that lucky and move on???...How about talk to us about those specifics

  • @rockefroth4770

    @rockefroth4770

    3 жыл бұрын

    Right that was bubble and he was lucky get out right time from that bubble

  • @winec00ler
    @winec00ler Жыл бұрын

    @19:40 Note to self watch this

  • @sanyulynn7600
    @sanyulynn76002 жыл бұрын

    I WANT TO TALK TO HER REGARDING KIDS AND BUSINESS

  • @ivywoodxrecords
    @ivywoodxrecords3 жыл бұрын

    Dude just say your age wtf

  • @rosesaredainty5638
    @rosesaredainty56382 жыл бұрын

    That guy not wanting to say his age was a little ridiculous.

  • @jameskekula6397
    @jameskekula6397 Жыл бұрын

    tom Brady my facial luck y aint on air

  • @hoshy9189
    @hoshy9189 Жыл бұрын

    33:30

  • @ejohnson4321
    @ejohnson4321 Жыл бұрын

    Widgetbox is difunct!

  • @MarcohFilms
    @MarcohFilms Жыл бұрын

    12:50

  • @productinside
    @productinside10 күн бұрын

    Anyone from 2024

  • @ahsanmohammed1
    @ahsanmohammed13 жыл бұрын

    spoke a lot and said nothing. sorry.

  • @rockefroth4770

    @rockefroth4770

    3 жыл бұрын

    Sorry but what do you mean buddy?🙂

  • @TheBumbleCheese

    @TheBumbleCheese

    2 жыл бұрын

    @@rockefroth4770 Its just self-evident things made special, thats all. Provocative title to get clicks

  • @jameskekula6397
    @jameskekula6397 Жыл бұрын

    police when at my home

  • @brayanhernandez7691
    @brayanhernandez76913 жыл бұрын

    Bruh

  • @PoVTube

    @PoVTube

    3 жыл бұрын

    Enlightened?

  • @TheBAYSTiLO
    @TheBAYSTiLO2 жыл бұрын

    Every manager, CEO, VP I’ve had in my life has been white and bald. And what do we have here??

  • @living4adrenaline

    @living4adrenaline

    2 жыл бұрын

    Sounds like you have victim mentality, get over it! Anyone can start a company regardless of the color of their skin.

  • @CidYoung-REALTOR

    @CidYoung-REALTOR

    2 жыл бұрын

    @Edith The “mother entrepreneur” had all her hair and the most specific advice as well.

  • @arifulislamleeton
    @arifulislamleeton Жыл бұрын

    Introduce myself I'm Arif Khan harry im software engineer and website development and software development and students funding United States and investors and members of the United States

  • @devenbrown761
    @devenbrown7613 жыл бұрын

    Was listening without watching...thought the first speaker was a woman.

  • @irishguy200007
    @irishguy2000072 жыл бұрын

    You cannot teach business as these people are born.

  • @blackhealthfitnessmagzn7793
    @blackhealthfitnessmagzn77932 жыл бұрын

    I will teach you one thing and the mostly simpler way to make money how you have opportune to talk with number one always is a weak at 3 he will weak again for many reasons

  • @foodscrazy9229
    @foodscrazy9229 Жыл бұрын

    Ridiculous to see this, if they don't teach it in business school why this video is here😂😂😂

  • @ashtesera6949
    @ashtesera69493 жыл бұрын

    Very impresed with the lady.as immigrant she speak brilliant english. You never seen a white man speak other forighn langge to her standard. That is why i call it white privilage.

  • @ashtesera6949
    @ashtesera69493 жыл бұрын

    I call it white prvilage story. If you are white it is ike walking in the park.

  • @marcusryden6732

    @marcusryden6732

    3 жыл бұрын

    I’m white and broke. Where do I pick up my privilege?

  • @johnwig285

    @johnwig285

    3 жыл бұрын

    I call you psuedo-victim privilege. Always act like a victim and blame others for ur own incompetency. The colour of ur skin doesnt mean anything, unless ure a racist whose life revolves around hating white ppl for existing

  • @mcnello420

    @mcnello420

    3 жыл бұрын

    @Be Wise We live in the most economically prosperous time in history. You are literally holding a super smart tiny little computer in your hand, and it cost you practically nothing to receive it. Global poverty has been reduced by 50% over the past 7 years. Turn off CNN and Fox News. They are just doom and gloom.

  • @CidYoung-REALTOR

    @CidYoung-REALTOR

    2 жыл бұрын

    @Be Wise Sometimes a business is intentionally run into the ground for the tax Write-offs. Trump is a great example. For all his bluster about graduating from Wharton and running successful businesses, he sure has had a bunch of failures over the years. If you want to be good at something, bring it, don’t just brag.

  • @StorytellingHeadshots

    @StorytellingHeadshots

    5 ай бұрын

    This is such an ignorant comment by ashtesera6949. Apparently believes that melanin levels has something to do with income. Must have failed biology 101.

  • @omgitskarim
    @omgitskarim11 жыл бұрын

    Interesting. I think it's so true what they're saying about the importance of sales! To this day, sales is underestimated by business schools. Whether you're going to be an accountant, marketer, etc. You should be an effective salesperson!

  • @AlejandroMS67
    @AlejandroMS6713 жыл бұрын

    CEO entrepren. David Cassidy,(Harvard), Nazila Alasti, (Stanford), Will Price (Northwestern U mba). Main points: What led them to decide to follow an entrepreneurial path. What was the biggest surprise once you jumped in. Lessons learned - what are the 1 or 2 key lessons that have been important to your success or learned from lack of success (failures). How and where did you learn these one or two key lessons. How did or didn't business school prepare you, that has been of great importance.

  • @elearningideas
    @elearningideas12 жыл бұрын

    Excellent advice and really appreciate you putting this online. Thank you!

  • @rockonjimish
    @rockonjimish13 жыл бұрын

    This is a fantastic discussion and unlike most panels. It comes straight at you and i kept saying yes, thats so true. Great talk by great entrepreneurs ...

  • @sundaarSOA
    @sundaarSOA11 жыл бұрын

    All three had unique presentation style...most valuable session

  • @wasted2240
    @wasted224012 жыл бұрын

    awesome panelist!!! a lot of great ideas and lessons that apply to a broad range of disciplines

  • @epicsauceification
    @epicsauceification13 жыл бұрын

    - Thank you for sharing your experiences and encouraging others...

  • @DijitalPazarlamaTR
    @DijitalPazarlamaTR11 жыл бұрын

    Precious information presented in a very good way here. Thank you for sharing.

  • @shahabahmadrohin5813
    @shahabahmadrohin581311 жыл бұрын

    Great lecture and it really does not matter from which field you are coming to become Entrepreneur plus you have to start from somewhere sitting at home and thinking that what if i loss mean you have loos take the action and go for it......

  • @AddOptions
    @AddOptions12 жыл бұрын

    This is well worth watching the entire video. Bit long for an entrepreneur to watch since most of us are so busy. But it's been worth the time.

  • @NickSimpson
    @NickSimpson11 жыл бұрын

    I will no pick the presentation apart as it seems that many others have. I think this is a very interesting topic and the content was amazing, thanks for posting this. - Nick

  • @Psillyboi777
    @Psillyboi77712 жыл бұрын

    These can be fertile in valuable lessons, thanks for providing them.

  • @flaxion10
    @flaxion1012 жыл бұрын

    Thank you!

  • @ProductLaunchResults
    @ProductLaunchResults11 жыл бұрын

    Not all strategies and marketing secrets are taught in school even by successful businessmen. It is like, their secret recipe they only keep within themselves. Most of them only provide a generic answer that even you knows about it although some of them were also able to provide helpful insights.

  • @Fliptennis
    @Fliptennis12 жыл бұрын

    Yes, wish these were seen by more folks so we could have a real education in this country ..

  • @LarryChiang
    @LarryChiang14 жыл бұрын

    This is awesome!

  • @abuhajara
    @abuhajara13 жыл бұрын

    @BigGunsBates yes, because Stanford bussiness model is not just to go to DC and get government funding, but also to help start startup companies. Companies like Google, Yahoo, Intel and Apple, Rambus, and many more sarted by Stanford students, almuni. and VCs are all next door, you may have lunch with them.

  • @filter80808
    @filter8080811 жыл бұрын

    Excellent video. There exists one glaring omission in the route to entrepreneurial success: LUCK. For every successful venture, a dozen or more lie in its wake. And one piece of advice for future MBAs: if you want to learn to be an entrepreneur, skip school altogether and start a company. You'll learn more by investing your precious time and money into setting it up, growing it, scaling it, and selling it. MBA programs seem to do little more than polishing future consultants or bankers.

  • @CheKatrin

    @CheKatrin

    2 жыл бұрын

    Pretty much !

  • @jimpagliaro
    @jimpagliaro12 жыл бұрын

    @EcstasyW I could not agree more. Invaluable information right here.

  • @2Sumner4
    @2Sumner412 жыл бұрын

    I like that he mentioned Nick Saban and Alabama. great vid. Roll Tide.

  • @makug
    @makug12 жыл бұрын

    thanks for this.

  • @arobertson17655
    @arobertson1765511 жыл бұрын

    I am from the school of hard knocks. I am graduating from a community college and I come from one of the most impoverished places in the United States; South Dakota. From what these entrepreneurs have explained the job of a CEO is to "sell and raise money". I would argue that that these Graduate programs of Business are insufficient. How can an elite academy be effective in coaching economic development on the Cheyenne River Sioux Tribe?

  • @UnitedPebbles
    @UnitedPebbles11 жыл бұрын

    These guys represented the "missed" of acquisitions.

  • @genefury75
    @genefury7512 жыл бұрын

    this is great

  • @alex-ff1mp
    @alex-ff1mp12 жыл бұрын

    17.30: Sunday Afternoon at 9`clock Question: i can not believe the weekend is over :Wrong Answer! , and next 18:15 - Small Team with high moral! : for start up!

  • @annuitycom
    @annuitycom11 жыл бұрын

    It seems like a lot of business school folks end up working for corporations instead of spiking out and starting their own companies... at least that's what I've seen.

  • @shashu990

    @shashu990

    2 жыл бұрын

    15000$ per month or uncertain massive wealth ahead is the choice they face

  • @philly2210
    @philly221012 жыл бұрын

    Q: How do I get a chance to develop sales skills? A: Go work for a door to door sales company for the summer. Door to door sales is absolutely the toughest sale there is and you will learn more in one summer than in a bunch of seminars and classes. (If you say, "I can't do that" then the reality is that you have the opportunity but don't want to take it.") Door to

  • @DynamicoS21
    @DynamicoS2112 жыл бұрын

    Couldn't have said it any better.

  • @commandervander1
    @commandervander111 жыл бұрын

    There is a degree of LUCK when an entrepreneur is successful; however, those cases are far and few between. People who don't succeed are more likely to blame the lack of luck than the fact their plan was not good enough. Let's face it, just because one wants to be successful does not make it so. Having the correct focus, work ethic AND product or service is an absolute key in being successful. Luck is overrated and a cop out for those who simply don't have what it takes to be a success.

  • @serbanmike
    @serbanmike11 жыл бұрын

    Another thing they don’t teach in schools is how to balance a checkbook.That’s why many people are in such debt and deep financial troubles, working in all practical terms at enriching the bankers instead of themselves. Instant gratuity doesn’t work. That’s the reason we are in such a fine economic and financial mess.One cannot spend more than one creates,otherwise you get in financed debt which bankers love, it’s their cake and they eat a lot of it, and for you mortals you get only the crumbs.

  • @akell2
    @akell211 жыл бұрын

    You need to look again at your finance course concerning leverage. Bank are not in debt because they don't teach in schools how to balance checkbook... Leverage (and thus very high ration D/E) : you amplify your gain with a minimum amount of capital which is one of the main idea of leverage.

  • @zolawrx
    @zolawrx11 жыл бұрын

    basically what they don't teach is EXPERIENCE.

  • @rajap8320

    @rajap8320

    2 жыл бұрын

    Probably that's tacit knowledge which cannot be taught. Should be gained only by experience.

  • @fliptthescript
    @fliptthescript11 жыл бұрын

    a school is a good business to start im sure they woudln't like that. But they would discuss any other kind of business you would want to start.

  • @youngpilgrims
    @youngpilgrims12 жыл бұрын

    I remember once Tony Bennette was interviewed about his secret of success and he was like "Lady Gaga". Think about it, Lady Gaga has her "power" of being a successful young woman; therefore, she might be someone that business schools need to study on.

  • @MarioIArguello
    @MarioIArguello12 жыл бұрын

    @EcstasyW stuff like this is for not the many.

  • @mike23984
    @mike2398411 жыл бұрын

    it'd probably be a tough negotiation first

  • @MrRajendrabasnet
    @MrRajendrabasnet12 жыл бұрын

    wow!

  • @wetyewruyrtsutrdhjfg
    @wetyewruyrtsutrdhjfg12 жыл бұрын

    55:00 - Heh. I have almost the same experience. We get together for meetings. But the problem is that it's to get the subordinates to do something while the managers kick back. I have little respect for managers at my previous company. The subordinates do almost everything while the managers pinpoint what's wrong AFTER an incident's occurred. Then they push the blame to the subordinates because....well, it's the peons who did all the work! "I didn't do it! Blame the one who did the job!"

  • @jamesruf1025
    @jamesruf102511 жыл бұрын

    What is Mike's last name? He has totally inspired me. Thanks Mike!

  • @wishful343
    @wishful34311 жыл бұрын

    For the same reason you should'nt, because people like to hear themselves "TALK"

  • @saadasim
    @saadasim12 жыл бұрын

    Remember Bush Jr. was also a Harvard MBA!

  • @CidYoung-REALTOR

    @CidYoung-REALTOR

    2 жыл бұрын

    I thought he was a Yalie. Doesn’t matter where you went if you spent it sitting in your butt drinking beer and knew your Daddy would always bail you out.

  • @samtrickett2540
    @samtrickett254011 жыл бұрын

    Thanks Stanford for posting this. They are all from Harvard! The dreaded East Coast. lol

  • @fwongdmf
    @fwongdmf12 жыл бұрын

    i don't know why all these speakers focus on companies they have sold?

  • @UnitedPebbles
    @UnitedPebbles13 жыл бұрын

    Hey so are you an avid listener/learner? Then tell me what the main points of this video...you may get a job with Stanford.

  • @JasonRadley
    @JasonRadley11 жыл бұрын

    When she spoke later to the women about how entrepreneurship was compatible with being a mother, it was really just an excuse to try and flog them some Farley's Rusks.

  • @abdulrahmansattar2873
    @abdulrahmansattar287312 жыл бұрын

    Lol so can I get into stanford business school? I sold 100$ worth of goods in a 2 days time :)

  • @wavesport777
    @wavesport77712 жыл бұрын

    Its sad isn't it? Or on the plus side.... we are the winners gaining valuable knowledge while the others continue with distractions.

  • @thehellbrothers1
    @thehellbrothers111 жыл бұрын

    Schools just don't teach the common sense stuff in business school and the dedication you have to put towards your business to make it work.

  • @xenor6662
    @xenor666211 жыл бұрын

    He's put off by the guy in the striped blue shirt. It seemed he felt undermined by the suggestion that he was only successful by default because he started at the dawn of the internet age.

  • @ohnielo
    @ohnielo12 жыл бұрын

    $1500 investment sold for 13M after a few years..?

  • @sixbutton9

    @sixbutton9

    Ай бұрын

    it's not what you know. it's who you know. that's what going to harvard gets you.

  • @newid4575

    @newid4575

    Ай бұрын

    I think the best Harvard stanford kind of things gives you exposure and network of world class people which in the world is very very rare to get access.