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Do I need a Master’s in Business Administration to be an entrepreneur?

No of course not - in fact I have to tell you this; I had a guest speaker one time who was a successful entrepreneur who did not have a Bachelors Degree, and during the break he says confidently “I don’t want my kids going to college.” I said “why not?” He said because it teaches them in a certain fixed way. I don’t believe that. I think that the more you learn the better, but you don’t need a Bachelor’s Degree; you don’t need any degree, and I can give you a number of examples of really successful entrepreneurs that just never did go to school. One comes to mind Joe Cosby, who’s a good friend of mine; in fact we even did a book together. He’s a guy that, he sold like two million ant farms. It’s a product that was sold in the early 60s. Still people know, “an ant farm? oh yeah, I’ve heard about the ant farm.” These are ants in a toy container. Joe had no college at all; he made millions of dollars and then went back to school and got a masters degree. Mary Kay Ashe, another woman who did a wonderful job. Started out Mary Kay Cosmetics, she’s the one who gave away the pink cadillacs and all these things. No education whatsoever, she did these things none whatsoever, except self taught. so long answer to short question “Do you need a master’s. No if you need specialized knowledge you can get it from somebody. You can buy it’ you can buy consulting or whatever you need; you dont need it yourself. you have it? Wonderful, good, like I said it doesn’t hurt you or anything. You don’t need it though.

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