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Re:Why do you think people are poor? by sparkie on Thursday June 21, 2012 @10:43PM (#4145157)
I only really discovered the advantages of creating my own business when I was around 23, I'm 25 now. I also got into a significant amount of debt in order to get a degree to make me more "employable" - and I'm still paying it back.

I'm perhaps most irritated by this because I'm mostly self-taught (in computer science) and university did very little for me. I should've studied business instead, but probably like you suggest, I would've considered that idea incredibly boring at school leaving age.

Boredom aside though, I do wish I'd learned more about business and life in general during school. I'm still trying to learn my way around the system now, but there aren't enough hours in the day. I'm sincerely grateful for the people who've taken the time to explain things to me anyway.

Re:Why do you think people are poor? by tmzt on Thursday June 21, 2012 @11:16PM (#4145219)
Maybe what we need is less of a udacity for coding and one for business, expressed in a way anybody can understand but not as rigid as a bschool or mba program? Reading the Thiel lectures for instance is very educational but without the basics how do you apply something like that?
Re:Why do you think people are poor? by joshkaufman on Thursday June 21, 2012 @11:41PM (#4145270)
That's what I do: http://personalmba.com. Business is not that difficult once you know the basics.

The best place to start is my book: http://personalmba.com/book/

Hope you find it useful!

Re:Why do you think people are poor? by mindcrime on Friday June 22, 2012 @11:52AM (#4147281)
You're the guy behind PersonalMBA? Awesome, I have the book and I love the site. I haven't put as much time into it as I should, as I've been too busy with the nitty-gritty, day-to-day "stuff" of doing a startup.

I do fully intend to get through the Personal MBA stuff eventually; but right now, I'm spending more time with the stuff from Steve Blank, Eric Ries, Ash Maurya, etc. :-)

Re:Why do you think people are poor? by bgruber on Friday June 22, 2012 @08:48AM (#4146539)
> I also got into a significant amount of debt in order to get a degree to make me more "employable"

There lies the rub between many of us and higher education. Making you more employable is supposed to be a side-effect of college, not the end goal. I found that the people who went to school so that they could write down that they did so got exactly what the came for and not much more, while those of us who were there to learn got what we came for. It's an old idea, but true that what you get out of education depends on what you put into it.

Re:Why do you think people are poor? by lsc on Friday June 22, 2012 @02:48AM (#4145760)
why do you think business school would have helped you?

From my experience with business people? those with degrees seem to be generally of less skill than those without. (maybe it's just that if you are good and have a business degree you are high enough I don't encounter you? Possible.)

I don't see this correlation in computer science; I have no degree, but I certainly don't think less of people that work alongside me that do have technical degrees. Usually (but not always) it's obvious that they learned something that I missed.

Re:Why do you think people are poor? by sparkie on Friday June 22, 2012 @03:14AM (#4145806)
Well, any school obviously helps you learn if you don't have a mentor or otherwise to help you sieve through the information. It's not like I can just walk into a library, go to the business/accounting section, and become an expert once I've read every book on the shelf. You need a way to manage what you're taking in, and courses help with that.

It doesn't need to be an academic course though, gaining the experience through work is good too, and I'm guessing that's what you meant about the "less skill" of graduates - their lack of actual experience.

Unfortunately for someone who didn't really know any accountant or business person until recently, I had no knowledge or confidence of getting my foot in the door, but if I'd studied the subject back in school, I would've been more competent earlier.

Re:Why do you think people are poor? by lsc on Friday June 22, 2012 @03:40AM (#4145854)
>Well, any school obviously helps you learn if you don't have a mentor or otherwise to help you sieve through the information.

I don't see how that's obvious at all.

I mean, I have a reasonable understanding of the creation side of business, and I can do straightforward sales; That side of things is easy enough to learn via trial and error.

Now, obviously, that's not /all/ there is to business, and maybe b-school teaches you about the bits I don't understand. But from a pure "you shall know him by his fruits" perspective, antidotialy, people with MBAs tend to be less successful (at sustainably growing the business... not at getting paid) than people without.

But yeah. as a small business that gives customers products or services in exchange for money? the most valuable thing you can learn is something about the product or the process that creates the product. The most valuable thing a small company has is the owner's labour. I mean, even with the ridiculous $150K/year salary numbers I hear friends throwing around these days... if I was working for someone else? I would have quit yesterday. (well, I would have gotten another job first, but... that has never been difficult for me.)