Pls help

[ronniecoleman]

Hi Lisa,

I am an indian IT proffessional working in a MNC in hyderabad. I am planning to apply for mba next year. But i am currently caught in a confusing situation, i am on the verge of being layed off by my employer due to economic recession. Let me provide you some insight to my profile:

education:
Engineer from top 10 engineering schools in india
With CGPA of around 3.2
High school topper in board examination ( these are national level examination)

Extra-curricular
Sports
State level U-16 cricket player
Has won lots of medals in various athletics events in the school
School sports captain for 1 year
Certified reebok fitness trainer
Runs my own website on health and fitness tips
Selected for a national level modelling contest.


Certified Technical analyst ( stock market )
Runs a website for technical analysis awarness
Gold medallist in Leadership Asit Ghosh training program

Social work

President of a NGO called sankalpfoundation ( registered under govt of india)
Works at the grass root levels to help poor children with their education needs.

President of SPG ( social arm of my company ) working with different NGOs.

Work profile
18 months expeirence.
Has taken actively part in various activities in the company.



Now, i want your help in understanding whether it would be wise to go for an entrepreneur activity ,which i have been planning for 2 years, or continue to search for another job.


whether entrepreneurship would be a positive addition to my profile


I am personally in favour of starting my own venture.

Please provide your inputs...

Thanks in advance

Ronnie!

[Lisa Anderson]

Dear Ronnie,

From what you posted, my understanding of your question is whether or not to start an entrepreneurial venture knowing you want to enter business school in fall 2010. I guess my question back to you is why you are hesitating? If you believe in the business idea and think it will be successful, why wouldn't you pursue it? Schools do not view entrepreneurial experience negatively and think the experience will give you much to talk about in the classroom. If your venture is successful, you might want to include your plans for the business while you are in business school. For example, will you sell the company before school? turn over daily operations to your partner/trusted employee and then rejoin the business upon graduation? become a silent partner/investor and pursue another career after business school? If your venture fails, then the school will be interested in your lessons learned and perhaps how a MBA might have been helpful to you.

In essence, you need to decide what you want to do and which experience will be more beneficial to your development.

Good luck,
Lisa

[ronniecoleman]

Thanks a lot Lisa for you advise...