DIY MBA Method

A unique approach to getting an MBA-level education by combining self-study with real-world experience, developed as an alternative to a traditional $200,000 MBA program.

Core Components

  • Email successful business people asking for their top 3 book recommendations

    • Generated a focused reading list of 37 books
    • Total cost for all books: ~$200
    • Avoided generic business books that repeat same concepts
  • Free internships with successful entrepreneurs

    • Offered to work for free for 3 months
    • Focused on learning their business operations
    • Willing to do basic tasks like "shine shoes and make coffee"
    • Goal was to observe how they run their businesses

Key Benefits

  • Real-world experience vs theoretical knowledge

    • Direct exposure to current business practices
    • Learn from active entrepreneurs vs retired professors
    • See practical application of business concepts
  • Network building

    • Created relationships with successful business people
    • Gained mentors and connections
    • Opened doors for future opportunities

Results & Insights

  • More valuable than traditional business books

    • Found non-business books (like survival stories) more impactful
    • Business concepts are relatively simple and repetitive
    • Real value comes from seeing principles applied
  • Led to Tech Stars opportunity

    • Got internship with Tech Stars Boulder in 2010
    • Exposed to world-class mentors
    • Applied learnings to own business ventures
  • Cost effective education

    • Total investment under $1,000 vs $200,000 for MBA
    • Gained practical skills and network
    • Avoided student debt while learning applicable skills

The approach focuses on combining self-directed learning through books with real-world experience through internships, creating a practical business education at minimal cost.

25:14 - 26:15
Full video: 46:03
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Al Doan

Co-founded Missouri Star Quilt Company, transforming it into a prominent e-commerce business.

Leverages expertise in business management and marketing to drive entrepreneurial success.

Shares insights on various business podcasts, including "My First Million."

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