I am finishing a course called "Business Admin. - Entrepreneurial & Small Business Management" and I still feel that the majority of the classes are corporate focused, especially marketing. Almost everything they teach is in the context of a mature and competitive market. We never hear about entering new markets.

If they had that kind of knowledge they'd be out there doing it themselves. I don't think anyone knows about entering new markets cos they vary so much. It's down to instinct and dumb luck I believe.

Luck and instinct are important, but there's definitely skill, knowledge, and experience as well. Fail three times and you'll have a much better understanding of what it takes to make a startup work.