CNN's financial website has listed the top five places to study if you want to be an entrepreneur. I have been an entrepreneur for a few years now, and I can tell you that it's not a place for those who are short-sighted or weak minded. You don't always know where your next month's pay is coming from, and you have to be able to manage people. But the other side of it is that you get more freedom than you have from working at a job, and you also have a chance to make a lot of money if you do things the right way. The verdict for me is that I love running my own business.

The top program on the list was Babson College. Babson has tuition of $35,000 per year, and they ask students to run a real business. The student business is expected to turn up a profit in the first year. They also do a challenge similar to 'The Apprentice' show to see who the best entrepreneur is in the school.

Next on the list is Indiana University, with has an out of state tuition of $41,000. In-state tuition is $22,000. Students are expected to pitch their ideas to outside investors, which is important when trying to get funding for your business. The most difficult thing about being an entrepreneur is finding the money to finance your company. Most small businesses die from a lack of money, not a lack of profitability.

With an out of state tuition of $27,000, The University of Texas seems to be a better business choice than Indiana University. In-state tuition is $13,000. Michael Dell, the founder of Dell computer, has been a big benefactor of the school, leading to a strong emphasis on technology.

A big surprise on this list is that St. Louis University comes in at number four. You would hardly think that this school would be in the top five schools in the country, but their outstanding faculty have done a good job. Their strength is that the classes are small and taught by real entrepreneurs. Their weakness is the price tag: $49,000 per year. I would rather go to Texas!

Rounding out the top five is Belmont University in Nashville, with a price of $40,000 per year. It is the only school to offer a program in Social Entrepreneurship and also has a long-standing program on music and business. They also have several businesses on campus that are run by students. I love their approach.

An important point to remember is that sometimes, you don't have to spend thousands of dollars to learn how to run a good business. You can go to a couple of boot camps and then jump right in. Your customer doesn't care if you have a degree or not, they only care that you offer them good service. Just ask Bill Gates, who dropped out of college in order to start Microsoft.

Lawrence Watkins is the CEO of The Great Black Speakers Bureau and an MBA student at Cornell University. For more information, please visit LawrenceWatkins.com.