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Detailed text transcripts for TV channel - MSNBC - 20110402:09:57:00

operations. i would recommend don t let the founder or entrepreneur be doing all the work on a day-to-day basis. coal even and paul, thank you so much for everything today. really appreciate it. if any of you have a question for the experts go to our website. the address is openforum.com/your business. go to ask the show to submit a question for the panel. or you can e-mail us your questions and your comments at yourbusiness@msnbc.com. how often do you have a project that needs to get done that s outside the scope of your employees expertise? or your staff can do it but frankly don t have the time? in this case our website of the week may come in handy. free lancer.com is a marketplace where businesses connect with independent contractors around the world. business owners simply post a project which includes a description of the services needed and the amount they re

Detailed text transcripts for TV channel - MSNBC - 20101002:09:42:00

they have the need to climb mountain b before they climb mountain a. they need people to ride the brake pedal and count things. is that what you learn? in our curriculum, we spend more time teaching them not just how to be a more effective entrepreneur. we look for what i call type twos, entrepreneur two and entrepreneur three, the people that can help the primary entrepreneur get his or her job done. the primary entrepreneur loses interest very quickly. they have a real problem with add. which is the problem of people that become founders and their company grows and they have to run the company and it is six years down the road and they want to start something new already. there is a different skill involved in doing that business at that stage. do you suggest that somebody go take a course somewhere sm. it never hurts to have a course for the content and networking experience that you

Detailed text transcripts for TV channel - MSNBC - 20101002:09:43:00

get from talking to the students as well as the content. back to that point again, i must admit, from my business school class, i call upon the people that i went to school with all of the time to ask questions. what did you do here? what did you do hear? not only entrepreneurs but other people in banking and marketing and consulting. there are so many resources, this show. and yours. when i started my first business back in the days of bear skins and knives, there were no resources like this. there was nothing. today, there are 1700 entrepreneurial programs at colleges. you can turn on the radio and television and get that help. that is just tremendous. we could be entering a golden age of entrepreneurism. i hope so. to the point of the people in bizdom u, when you can t get a job, the option might be to start your own company. some people quibble about giving them a piece of the company. i say, remember, 100% of nothing is nothing.

Detailed text transcripts for TV channel - MSNBC - 20101002:09:41:00

give me a little information about that. no doubt that you not necessarily take someone that isn t going to be an entrepreneur and make them one but you can be more effective. there is action and analysis. you think through things but you also take action like your brother went ahead and did that business, started that business. you can also have that educational component and the networking component of meeting all the other people involved. networking, i think that s a really good point, particularly when you look at these things like business. you have this network of people you can call upon? very important to build a network. your rolodex, is very, very important. we used to call them rolodex. it is the question that we all ponder, can entrepreneuralism be taught? i think they are durwishes.

Detailed text transcripts for TV channel - MSNBC - 20101002:09:51:00

certainly can be valuable. it s dog years, 7-1. when you are in a business, you learn 7x, what you learn in a crass classroom. i am not saying, don t take courses like accounting. i am constantly preaching to my students, get some accounting, get into a business and get close to the heat source are the entrepreneur, him or herself. if you take one of thoses, to your point, you have someone that you could go ask questions of as they come up? a lot of times in businesses courses, there are. a lot of people that are interested in doing this. once you pay the tuition , yu have your pass. i tell my students, i give you a lifetime guarantee. you just have to catch me. let s move on to the next one. an e-mail from kari. i m going to pitch my business to investors but i don t have a formal business education. how familiar do i have to be with business lingo? it is interesting to hear you take. it is good if you do know the

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