Marketing

• An entrepreneur needs to know how to market his business in order to make it successful. In an MBA entrepreneurship concentration, a student learns valuable lessons such as how to create a marketing plan to promote his business. He also will learn necessary information including how to create a pricing strategy to competitively market his product(s) to customers. It is imperative that an entrepreneur has excellent marketing skills in order to make his business a success.
  
  

Networking

• Many instructors teaching classes in MBA entrepreneur concentration classes are entrepreneurs themselves. These instructors can be a valuable resource to students, as they share their own experiences with their classes. The students are able to hear about things that worked and didn't work for them, and benefit from this information. Instructors also bring in entrepreneurs as guest speakers to talk to the class, and tell them about their own experiences starting and running a business. Learning lessons from these seasoned professionals can save students a great deal of money, by avoiding mistakes that these people have already made.
  
  

Business Plan

• A student enrolled in an MBA concentration will likely have a class where he is required to create a business plan. If he already has a business idea in mind, he can create his business plan around it and receive help and feedback from his instructor to polish it up. When he is ready to graduate, he will already have a business plan ready to be put into action. Even if he doesn't have a business idea yet, he will still benefit immensely from learning how to create a business plan, so that he can complete one when he's ready to start his business.
  
  

Business Knowledge

• Anyone running their own company should have a well-rounded knowledge of all aspects of his business. An MBA entrepreneurship concentration will provide him with this. He will be able to take courses in accounting, finance, marketing, management and strategy so that he has at least a general understanding of how each area of his business needs to operate. A company needs to have a leader who understands the importance of each aspect of the business and what needs to happen in these areas in order for it to flourish.