I have a sports related business with a lot of liability attached to it, but I wouldn't want anything else for my life and the attachment to that sport. I am only now starting to learn how to protect myself since I am in law school and every day I am there, I find another feather in my cap as I can relate it directly to my business. I rarely got anything out of MBA school as it related to my business.
So when I start school I hear all these stories about how a law degree is today's new MBA and I was skeptical, but not anymore. I think a lot of the courses, if not the majority, can be put into MBA school's curriculum and dump some stuff like regression analysis, economics, finance, and extra management courses like advanced management and operations management. Have the MBA keep one management course, one business IT course, an accounting course, an hr course, a marketing course, but add contracts, torts, criminal law, intellectual property, and patents/copyright/trademarks if those are the thirty units that would make up an MBA program.