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calveless wonder
New member
I'm facing a major life decision soon and I always appreciate the input from (certain) peeps here.
I'm about to graduate and I basically have a choice between two major commitments. I can either go get my MBA (1 year if i stay at UF, 2 year if i go somewhere else) or I can start the business I have been sitting on for 3 years, but only now have the partners/accessible capital resources and investors to start.
Given my GPA, undergrad school,work history, and practice GMAT scores (obviously i need to get the real GMAT done before anything), I feel pretty confident in being able to get into a top 10 MBA program.
On the other hand, me and my good friend (who is now my partner in this venture) sat down last summer and discussed this business.
We basically launched the first phase/entity of this and it's about to open in the next week or two. He spearheaded almost all of this project because i was in school and have been busy as hell, and we agreed that when i graduated we'd launch the 2nd phase (which is our primary way we're going to make income).
I don't want to divulge the business this prematurely,although a few of you already know, but the first entity opening now is to create an initial buzz and brand.
The business idea and model is rock solid, and it's really an under served market. We'd probably need 3-4 locations throughout florida to really make serious bank, but i think that'd be feasible within a few years. This is something that we could eventually launch in dozens of different markets once we grow. We'd be bootstrapping at first to an extent to make the most of our capital, but once we get things going we'll be able to focus more on business development.
So i'm not sure what to do. Obviously i need to take my GMATs first, but i'm very confident i can land in a top 10 program. I'm thinking my scores will be good for 5 years,so i could take them now while i'm still in study mode. If this business doesn't work for some reason, i could still have those scores and go to grad school. But if harvard/stanford grad school came knocking now for example, it might be pretty hard to turn down.
But realistically, this business will mean cutting back personal expenses BIG time and working 14-15 hours a day for awhile. There's also a bunch of stuff i've had to learn that we're using outside people for, and eventually need to be able to do/teach ourselves. The amount of work it would take is almost overwhelming, but if we stuck with it for a few years it could blow up into something huge.
I'm at a stalemate, but fortunately i have some time to think about it, and both are good options. i'll know more when i take my GMATs, but this is all stuff i need to think about now.
I'm about to graduate and I basically have a choice between two major commitments. I can either go get my MBA (1 year if i stay at UF, 2 year if i go somewhere else) or I can start the business I have been sitting on for 3 years, but only now have the partners/accessible capital resources and investors to start.
Given my GPA, undergrad school,work history, and practice GMAT scores (obviously i need to get the real GMAT done before anything), I feel pretty confident in being able to get into a top 10 MBA program.
On the other hand, me and my good friend (who is now my partner in this venture) sat down last summer and discussed this business.
We basically launched the first phase/entity of this and it's about to open in the next week or two. He spearheaded almost all of this project because i was in school and have been busy as hell, and we agreed that when i graduated we'd launch the 2nd phase (which is our primary way we're going to make income).
I don't want to divulge the business this prematurely,although a few of you already know, but the first entity opening now is to create an initial buzz and brand.
The business idea and model is rock solid, and it's really an under served market. We'd probably need 3-4 locations throughout florida to really make serious bank, but i think that'd be feasible within a few years. This is something that we could eventually launch in dozens of different markets once we grow. We'd be bootstrapping at first to an extent to make the most of our capital, but once we get things going we'll be able to focus more on business development.
So i'm not sure what to do. Obviously i need to take my GMATs first, but i'm very confident i can land in a top 10 program. I'm thinking my scores will be good for 5 years,so i could take them now while i'm still in study mode. If this business doesn't work for some reason, i could still have those scores and go to grad school. But if harvard/stanford grad school came knocking now for example, it might be pretty hard to turn down.
But realistically, this business will mean cutting back personal expenses BIG time and working 14-15 hours a day for awhile. There's also a bunch of stuff i've had to learn that we're using outside people for, and eventually need to be able to do/teach ourselves. The amount of work it would take is almost overwhelming, but if we stuck with it for a few years it could blow up into something huge.
I'm at a stalemate, but fortunately i have some time to think about it, and both are good options. i'll know more when i take my GMATs, but this is all stuff i need to think about now.
