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Start a Business in B-School

Applying class assignments to real ideas can help get a startup off the ground.

A budding entrepreneur must sometimes choose between excelling at group projects and working on personal endeavors while in school.

A budding entrepreneur must sometimes choose between excelling at group projects and working on personal endeavors while in school.

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Find business partners in class: When it comes to looking for staff, Boer points out that student entrepreneurs can turn to peers.

He says students can start by asking "What am I good at doing?" and then ask themselves, "What things am I not good at doing?" Once weaknesses are identified, "Try to identify classmates who are really good at each one of those things. And when you get through with that process you'll have probably a decent management team," he says.

Even with a strong team, students should be nimble and expect the unexpected.

"Starting a business is not a nice, clean, neat, orderly process," says Boer. "It tends to be very messy, very chaotic, and everyday you're learning something new that may cause you to change direction the next day."

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