[reed13k]

My problem with business school and the entreprenuerial courses is they teach you the theory but not the actual application.

So yes a person can do the business plan and present it, but not understand how to go out and get the licenses and registrations required to actually start the business compliantly - once they do... their biz case is different due to all the regulatory burden and it makes less sense then originally proposed.

[Vigilanteman]

FWIW, my kid brother is one of these non tenured professors. He actually ran a successful general contracting business for a number of years before the real estate bubble burst and his competitors employing illegals for cash under the table undermined his business to the extent that he closed shop and went back to college for his PhD.

He hoped to land a tenure track gig sometime, but in the meantime, his courses are gaining a niche audience because he's one of the few who has 'been there, done that.'