Babson, located in Babson Park, Mass., has been grappling with the topic for over 30 years. Big companies are looking for people with an entrepreneurial mindset. One, we don't make entrepreneurs at Babson. We help them become better at what they intend to do. They also touch upon issues about managing fast-growth businesses and managing the family business.
Failure can be very expensive.
He came to Babson to understand how to better manage his failing business. Their starting salaries, in many cases, are as good or better than those going to work for the big Fortune 500 companies. We then have business-plan competitions. And, for those who win the competitions, we provide free incubator space, replete with telephones, fax machines, and computers to help start the business. Right now, we have six companies that are being launched in our incubator.