If you wanted to be a college professor in Business, would you work first?

Question

If you wanted to be a college professor in Business (namely entrepreneurship in my case) would you work first so that you could be a professor of practice & a professor of philosophy? or would you jump to it and just get your PhD and start teaching/research?

(I've got the GMATs, grades, and experience to get into a top PhD school but I've also got a business I've recently started and a killer part time job offer. Should I take the part time job and get my business to a point where I can sell it , therefore working through the entire "entrepreneurship" cycle, or should I drop it all and get the PhD and get going as soon as possible?)

Thanks a lot for your suggestions!

Answer 1

Frankly, it sounds like you should stay with the businesses, and I'm usually the one that says go to college.  You can be an adjunct/prof of practice, but not on tenure track, with your current experience.  You could always get a PhD later--why not keep working and reassess every year?