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Fisher Graduate Business Admissions Blog

3 Ways a Fisher MBA Will Help You Launch and Scale Your Startup

Posted by Alison M. on Feb 7, 2017 9:00:00 AM

No one ever said entrepreneurship was easy. The path to launching a new business is always a rocky one, with plenty of starts and stops, bumps, and direction changes along the way. It takes perseverance, creativity, and a certain tolerance for risk.

But that’s not to say it can’t be made easier. With the right combination of skills, experience, and guidance, an entrepreneur can navigate those rocky early phases and build a sustainable, profitable business.

You, like many people In the midst of their careers, may dream of striking out on your own — to test your mettle in the fast-paced startup world or bring a new product or service concept to life. But as good as you may be at engineering, or product design, or sales, what’s holding you back is a lack of well-rounded business know-how.

You know that starting a business will require you to secure funding, build a team, manage a budget, and market and distribute a product. How can you add these skills to your entrepreneur’s toolbox?

For three reasons, an MBA at Fisher College of Business at Ohio State University will help you beef up your business skills, forge connections, and incubate your ideas, making your path to business leadership as smooth as possible.

1. Ohio State University’s Alumni Network Is Huge

When you’re starting a business, it’s not only what you know that will help you succeed, but who you know. To find the right people to work with, investors willing to take a chance on you, and experienced entrepreneurs to mentor you, you need a vast network. And no network is more vast than the Ohio State University alumni network.

Fisher College of Business’ MBA programs are highly selective and intimate, tailored to the needs and goals of each individual student. But, this small group oasis is situated within one of the largest universities in the country.

Ohio State has over 60,000 students each year. Since its founding, it has awarded over 700,000 degrees. That’s more than the population of most major American cities. If you want to make connections to build your business, you’re sure to find a Buckeye happy to help.

2. Columbus, Ohio, Is a Top City for Startups

What you know and who you know are key to entrepreneurial success, but so is where you are.

Fisher College of Business is located in Columbus, Ohio, a large city increasingly recognized for its diverse economy, booming employment, and innovative culture. It’s also a great ecosystem for startups, as the numbers attest:

> More new businesses in Columbus scale up to 50 employees in their first 10 years than in any major metropolitan area in the U.S., according to a recent Kauffman Foundation report.

> Columbus is ranked first among small markets for its ability to attract tech talent. Local officials credit programs like Startup Grind and GiveBackHack for fostering a close-knit community of entrepreneurs.

> Columbus is among the top 20 best big cities in the U.S. in which to start a business, according to a NerdWallet analysis.

3. Fisher Offers an MBA Specialization in Tech Entrepreneurship

Whether they’re pioneering new hardware or using mobile apps to disrupt an existing market, the most exciting, fastest growing startups these days are all driven by technology.

Fisher’s MBA Specialization in Technology Entrepreneurship offers you the opportunity to create and launch your own tech-based startup.

> Field Experiences: Secure guaranteed, funded internships, meet with the world’s top venture capitalists in the annual Silicon Valley tour and compete in campus-wide and community business plan competitions, startup weekends, and discovery workshops for hands-on, real-world learning.

> Interdisciplinary Course Offerings: Attend courses in engineering, biotech or law to help develop your entrepreneurial mindset and vet your opportunity.

> Startup Resources: Gain access to technology assets (IP), executive mentors, lab and office space, proof-of-concept funding and startup capital to help launch your venture.

> New Venture Showcase: Connect with mentors, angel funds, VC firms, and corporations with strong strategic interest.

> Five Scholarships: We will award up to five fellowships/scholarships to MBA Technology Entrepreneurship students. They will include full tuition, and a monthly stipend. All applicants will be considered.

The MBA Specialization in Technology Entrepreneurship takes you from start to finish. In your first year, you’ll master core business concepts. In the second year, you’ll head into our Venture Lab, a hands-on proof of concept accelerator, to develop your idea, formulate a startup strategy, and prepare for launch by that summer.

Along the way, you’ll interact with some of the top venture capitalists in Silicon Valley, learn on the job with a guaranteed internship, and round out your knowledge in interdisciplinary fields like engineering, biotechnology, and law.

Learn more about Fisher’s MBA Specialization in Technology Entrepreneurship in this interview with program director Dr. S. Michael Camp and download a brochure here.

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