Bangalore: ‘The only place where success comes before work is in the dictionary’ this famous saying has a firm grip as it screams out telling that there is no substitute for real hard work. Today, to make life much simpler for aspiring entrepreneurs there are a lot of coaching and training centers, above all we see a lot of ‘A’ graded business schools crowded during the time of admission. But do they really help? Aren’t they much more theoretically oriented? When was the first business school formed and why? Wasn’t the idea of a business school, business again?

Business existed without business schools

The entire world once traded without any business schools. The first popular business was by East India Company during the 1600’s, other than this there were small businesses with less than 30 employees trading and performing business activities in the most disciplined manner ever known. They really didn’t have any business school to teach them ethics, confidence or to even motivate them.  In 1700’s, growing needs and demands made people set up more businesses and even perform exporting and importing activities.

So, in 1880’s ‘Wharton business school’ was the first business school set up, few hundred years later after the formation of the a proper trading company. Many changes and reforms were adapted and the entire style of doing business has changed over the period of years. Business schools have been constantly trying and striving to produce the best entrepreneurs but the result is they don’t even finish their degrees and start business. Are they not finding what they want? Is the coaching worthless? Waste of money, isn’t it? Here are few points which says Business schools aren’t really helping to produce successful entrepreneurs.