Entrepreneurs who think there's a zero-sum game between launching a business and earning an MBA should consider that business school can teach them the fundamentals and the business language that their potential investors speak, Kumar says.
"In a field where the likelihood of success is relatively small, any advantage you can get you should take advantage of," he says.
Earning an MBA from the Business School at Columbia University in 2007 helped Hayward Majors leave his law job to launch CollegeSolved, an admissions consultancy.
"I am not sure I would have ever launched a new business had I not gone to CBS," he says. "Lawyers are risk averse, so it was very helpful to get the tools in business school in order to take the leap."
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