Coming from an entrepreneurial family, Sheila Chapman always wanted to have her own business. Then in 2012, she had an idea and, better yet, an exciting opportunity. Along with a group of people with a similar concept, she helped start Phoenix Benefits Management, a prescription benefit manager providing innovative prescription benefits for management services.
With a degree in finance and economics and experience at another pharmaceutical company, Phoenix was the perfect fit for Sheila. She soon became the VP of Finance and was charged with overseeing all the financial aspects of the company. However, in the midst of all this, Sheila has another dream: completing her MBA.
Though a working mom of a 3-year-old little boy at the time, she knew that her MBA was the next step in furthering not only herself but her startup company as well. “It was a very difficult task to balance family, classes, school work, and the ups and downs of a startup company,” said Sheila. “But I was lucky to have a great support system at home. My husband was always there for me when I needed him…he cheered me on through the MBA process.
As a self-quoted “numbers” person, she said the program forced her to open herself up to understanding challenging ideas. Sheila now uses the things she learned in the MBA in her career: “Being part of a startup company, we have to make sure we are getting our business model and vision in the right place and at the right time. So having a good understanding of our marketing plan has been very useful to get that accomplished.” She said that her time in the program also helped polish her communication skills.
After 2 years in the program, she graduated in 2015. Sheila says that completing her MBA was extremely valuable and one of the best decisions of her career.