5 Minutes with MBA Graduate Ted Cofie
When we sat down with MBA Graduate Ted Cofie late last year, he shared how his MBA experience helped to shape his entrepreneurial journey.
What motivated you to study an MBA?
I had always felt that I could do more than I was doing. I was a professional sportsman, and following that I worked my way up to middle management. I wanted the MBA to help me open doors, give me security and solidify what I was trying to do.
As I was going through the MBA, it became far more than just wanting to put letters behind my name. It taught me concepts and made me understand that I could have legitimate conversations with heads of business units, so it was very relevant for me after all.
How has the MBA changed your life?
The MBA has given me the credibility I need in business. When you walk into an organisation as a management consultant and you say you have an MBA, you walk in the door with credibility and people know that you’ve been associated with something very special.
If somebody’s talking to me about operations, human resources, corporate governance, leadership, strategic management, whatever it may be, I’m able to have a relevant conversation with them. I don’t pretend to be the world’s best engineer, but if that engineer is doing something within a business, I can have that process conversation with them at a high level.
How did the MBA help you to start your own company?
The MBA gave me the confidence I needed to start my own company. There were parts of a company that I really didn’t understand before the MBA. For example, as far as corporate governance is concerned, what is involved in setting up a board, what boards are there for and what auditing committees are for – that all now makes sense.
You briefly spoke at an AIB information session. How did you find that experience of being able to inspire others?
I actually tore my Achilles tendon a few months before, and that was the first day that I’d come off my crutches and out of my moon boot. I was really struggling and tentative, but once I got on the stage I felt relaxed and it went great.
When I went to an exam a few weeks later, one of the students came up to me and said, “Your speech inspired me. I was on the fence at the time but I’m really glad you spoke because it helped me make a decision.” So I’ve inspired one person in this world at least.
This article has been constructed by Megan Baker from an AIB interview. The very best has been done to accurately reflect the thoughts and opinions of the participant.