MBAs And Entrepreneurs Keep It Simple
September 21, 2009
By the My MBA Career Content Team – Find Top MBA Degree Programs
The Small Business Administration says that 50 percent of startups fail, but some MBAs and entrepreneurs are now learning that simplicity equals success.
Many entrepreneurs believe that to launch a business you need to have a product that's new, elaborate and that incorporates modern technology. In some instances, this can be the case. But often the winning ideas are simple solutions to problems people have every day.
Kay Illingworth wanted to lose weight and instead of trying to discover the next miracle diet, she developed a plate marked with appropriate portion sizes for proteins, carbohydrates and fats. Now her product is sold in the U.S., Canada, South Africa and Australia.
"Too many people are afraid to start their own business because they think it's complicated," said Shane Krider, CEO of Polaris Media Group. Polaris produces materials meant to help entrepreneurs succeed. "Sometimes the best route is a simple idea combined with sound business concepts and a laser-like focus and dedication."
If you've always wanted to run your own company but don't feel you have the business background to do so, consider enrolling in an MBA program today. An MBA degree and a simple idea could be enough to make you a great entrepreneur.
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