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MBAs mobilize to assist small business owners
Michael Baker (MBA 2014) and three of his HBS classmates hit the road last summer to create MBAs Across America (MBAxAmerica), a movement of MBAs and entrepreneurs working together to revitalize America.
“We believe a new generation of MBAs can help unleash the potential of America’s job creators by getting the best resources to entrepreneurs who are poised for growth and making positive social impacts in their communities,” Baker says.
The team traveled to Detroit, New Orleans, Albuquerque, and other cities that have been hard-hit by the recession but are thriving against the odds. They immersed themselves in each city to work with entrepreneurs such as Sebastian Jackson, founder of the Social Club Grooming Company, in Detroit. Jackson worked with the team to create a new compensation structure, implement a CRM, and plug into local strategic partners. With the team’s support, he tripled his monthly revenue and secured a $100,000 no-equity investment.
Now Baker and his team have recruited an inaugural class of 32 MBAs, from five schools, to hit the road for their own journeys in the summer of 2014, and are seeking entrepreneurs to work with their teams at MBAxAmerica.
(Published April 2014)
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