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New Generation Entrepreneurs need Business Education

New generation of entrepreneurs definitely need Business Education. Business has become global and emerging markets are maturing. If you want to build a sustainable long-term enterprise, I believe, you need to know the fundamentals.

Elina Social EntrepreneurF1GMAT: SKOLKOVO MBA is known for developing entrepreneur leaders. Do you think an MBA is required to be an entrepreneur? How does SKOLKOVO MBA encourage entrepreneurs?

I don't really know whether MBA degree guarantees you success in business. I know a lot of people who are entrepreneurs by nature and they never attended a single business class. But they are twice older than me and keep on running their businesses effectively due to experience and insight.

New generation of entrepreneurs definitely needs business education. Business has become global and emerging markets are maturing. If you want to build a sustainable long-term enterprise, I believe, you need to know the fundamentals.

SKOLKOVO offers a full-time program with a set of academic classes on corporate finance, operations, risk management and many others. These are technicalities that will help you speak the same language with your management team.

For me, the biggest impact of this program came from projects for real companies and institutions. We travelled to various regions in Russia, India and the US. We dived into unfamiliar industries and regions, and that forced us to mobilise our skills in short time period. During the 2 months that were devoted to every project, we absorbed huge amount of information and took fast decisions. This is how Business works in reality.

To my understanding, Entrepreneurs are different from normal people due to the fact that they have vision and restless persistence to convert their vision into reality.

In one of the projects, I chose waste management as a field of my professional interest and I'm still passionate about this topic. I believe an entrepreneur should definitely enjoy what he or she is doing. It SHOULD be about money but not just about money. It should benefit the community and bring personal satisfaction. Otherwise, at least for me, there is no reason to be an entrepreneur.

We could see the results of SKOLKOVO MBA experience in a few years - it's a long term investment. For now, I'm happy that I'm focused on what I want to do and had the persistence to proceed.


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