Getting an MBA before starting a company or directly starting a company? - page 2.

Yogee

sr. member

Activity: 1526

Merit: 412

Why don't we look at what people with actual businesses have to say about getting an MBA then becoming an entrepreneur or just starting a business without it.

https://www.sidehustlenation.com/get-an-mba-or-start-a-business/

@livingfree - you can read that article as well as a lot of them have similar view as yours. The best thing is that it's coming from people with real business experience and not just from theories.

My take on that is consider taking an MBA if someone is going to pay it for you. If it ain't free then it's probably better to put that money straight into business. If you're still not confident to start then find a cheaper alternative. One who completed MBA by taking a $40K loan have this to say,

Quote

...It was only after I completed my degree that I discovered many of the online teachers in the area of information products, digital marketing and passive income. Knowing what I know now, I could’ve spent about $5K on education in very specific areas to accomplish the goals I have now set for myself.

livingfree

hero member

Activity: 2772

Merit: 576

Quote from: slapper on November 14, 2023, 07:55:52 AM

Quote from: livingfree on November 14, 2023, 06:26:14 AM

If you're for the business, no need for an MBA IMHO. But if you want to excel with the rankings in the academe or corporate, it's a ladder.

Quote from: btc78 on November 14, 2023, 04:01:04 AM

you don’t have to get a mba to read and learn if you have the will and desire then you can learn pretty much anything

The learning comes from experience with what we do and that's the same with business. Some get lucky that they find their success through their first tries.

But if we're going to speak the entirety of the whole circle of business, failure is the first step into success and look at the every successful businessman, they'll say the same thing. Having an MBA is like a bonus.

It's interesting that you don't think an MBA is necessary for business success, and I respect that point of view. But let us dig deeper: isn't schooling more than just a piece of paper? Yes, working in business is a great way to learn, but getting an MBA gives you a more organized way to learn about complicated ideas like finance, strategy, marketing, and so on. Mix of theory and real-life case studies, usually led by experts in the field. There must be some value in that. Believe it or not, schooling changes the way we think. You have to learn more than just how to run a business. You have to learn how to think differently about running a business. Doesn't the network you make while getting an MBA open up a lot of doors for you in the future? Also, wouldn't an MBA give you a more complete understanding of the business world, making it easier to travel through uncharted territory with confidence? Education does, in fact, enhance experience, which is priceless. Are we not valuing the larger view that MBAs offer when we brush them off?

I myself got a small business and never got an MBA but I know the principles that I am applying which I've learned some during my course in college but it's not related to business.

In school, it's all theoretical and while you do hustling in real life, that's where you learn more than what you're learning in school in a theoretical way.

You learn in school how to run a business but you're not confident with what you've got because you lack experience. But I like what you've said about having more connections on having an MBA. But if you get into the actual field, that's where you'll also meet more people if you are in actual business.

MBA is another level or next level in college but if you think that you've got enough with college and able to finish it, that's your choice but if you think that it's not enough for you to be better with what you're pursuing in business.

slapper

legendary

Activity: 1904

Merit: 1096

Leading Crypto Sports Betting & Casino Platform

Quote from: livingfree on November 14, 2023, 06:26:14 AM

If you're for the business, no need for an MBA IMHO. But if you want to excel with the rankings in the academe or corporate, it's a ladder.

Quote from: btc78 on November 14, 2023, 04:01:04 AM

you don’t have to get a mba to read and learn if you have the will and desire then you can learn pretty much anything

The learning comes from experience with what we do and that's the same with business. Some get lucky that they find their success through their first tries.

But if we're going to speak the entirety of the whole circle of business, failure is the first step into success and look at the every successful businessman, they'll say the same thing. Having an MBA is like a bonus.

It's interesting that you don't think an MBA is necessary for business success, and I respect that point of view. But let us dig deeper: isn't schooling more than just a piece of paper? Yes, working in business is a great way to learn, but getting an MBA gives you a more organized way to learn about complicated ideas like finance, strategy, marketing, and so on. Mix of theory and real-life case studies, usually led by experts in the field. There must be some value in that. Believe it or not, schooling changes the way we think. You have to learn more than just how to run a business. You have to learn how to think differently about running a business. Doesn't the network you make while getting an MBA open up a lot of doors for you in the future? Also, wouldn't an MBA give you a more complete understanding of the business world, making it easier to travel through uncharted territory with confidence? Education does, in fact, enhance experience, which is priceless. Are we not valuing the larger view that MBAs offer when we brush them off?

livingfree

hero member

Activity: 2772

Merit: 576

If you're for the business, no need for an MBA IMHO. But if you want to excel with the rankings in the academe or corporate, it's a ladder.

Quote from: btc78 on November 14, 2023, 04:01:04 AM

you don’t have to get a mba to read and learn if you have the will and desire then you can learn pretty much anything

The learning comes from experience with what we do and that's the same with business. Some get lucky that they find their success through their first tries.

But if we're going to speak the entirety of the whole circle of business, failure is the first step into success and look at the every successful businessman, they'll say the same thing. Having an MBA is like a bonus.

NotATether

legendary

Activity: 1568

Merit: 6660

bitcoincleanup.com / bitmixlist.org

Quote from: alastantiger on June 05, 2023, 04:44:46 PM

Getting an MBA is beneficial because it sets you apart from the rest of the pack.

Most of the reasons given inside the article are vaporware. With the exception of the networking one.

Truth is, you don't need an MBA to start a company. Anyone can do it. Just ask anyone in Peter Thiel's fellowship where they pay people to drop out of college. An MBA is more useful if you only want to be a mid-level manager or maybe some director or vice president.

btc78

full member

Activity: 2478

Merit: 210

Eloncoin.org - Mars, here we come!

Quote from: Biznesmen on November 10, 2023, 09:43:44 PM

~Snip~

while knowledge is definitely important it’s not the end of the world if you don’t have a mba and i also dont think school is the only source of knowledge where you can obtain from

im not advertising for dropping out nor am I saying that college is a waste of time don’t misinterpret me but there are a lot of successful names that didn’t finish college everyone knows mark zuckerberg the creator of facebook and he dropped out of college of course there’s no denying that he’s smart and had a genius idea but finishing college does not guarantee success

you don’t have to get a mba to read and learn if you have the will and desire then you can learn pretty much anything

Biznesmen

sr. member

Activity: 532

Merit: 251

Leading Crypto Sports Betting & Casino Platform

Quote from: alastantiger on June 05, 2023, 04:44:46 PM

Getting an MBA is beneficial because it sets you apart from the rest of the pack. One of the advantages of an MBA is that it forces you to read and learn, which helps you expand your knowledge about any business you want to venture into. I strongly believe that one of the reasons why start-ups fail is because they lack a solid foundation in understanding frameworks and conducting their own research, instead of relying solely on purchased data. While it is true that not everyone may be able to afford an MBA program, the truth is that there is so much to learn from it. If you had the opportunity to pursue an MBA before starting a company or directly starting a company, which option would you choose?

- https://producthq.org/career/product-manager/how-to-decide-if-you-need-an-mba-as-a-product-manager/

Many of my friends are MBA graduates; they told me when we had a discussion that an MBA is just a certificate that allows you to get a job in a company, and it's not necessary for starting a business. Because even they are starting to learn the tactics from the small food truck on the roadside, stall, etc. Because their idea is a business too, not only branded high-tech companies Business is something you should learn from outside of your degree and from your experience. The degree is for building confidence and knowing some corporate laws. Maybe that's something you can learn from anywhere, so you don't have to spend years on it. That's why getting an MBA before starting a business is not important because every MBA person is not a businessman, and every successful business magnet is not an MBA graduate.

barisbilgili

sr. member

Activity: 812

Merit: 252

Quote from: |MINER| on September 30, 2023, 10:41:29 AM

As per my personal opinion I would say do MBA and then start business. Because the more educated a person is, the more knowledge he will have. He can come up with new ideas to improve the business. Educated people have a different type of intelligence. But it is also true that MBA is not mandatory to start a business. Apart from doing MBA, you can become a successful businessman. But the difference is that by doing MBA, understanding the business system will be a little easier for you. You can improve the business through new inventions. Of course we cannot equate an MBA businessman with the intelligence of a businessman without an MBA. From my personal opinion, if you have an opportunity to do MBA before starting a business, you should definitely do MBA.

In my opinion, you can be a successful entrepreneur without taking an MBA, but you have to have a lot of experience in running a business so that the business can run well. I really agree with you that those who have taken an MBA degree certainly have an easy time running a business because they have studied a lot of knowledge about how to run a business well and they just have to apply what they have gained from that education. You are right it would be better if we had the opportunity to take an MBA degree before starting a business and if we don't have the opportunity then we can learn from those who have experience in that field, but if we start a business without having any education or experience of course we have to be ready to face it challenges and we must be able to solve them well so that the business we build can run well.

blckhawk

sr. member

Activity: 1456

Merit: 325

★Bitvest.io★ Play Plinko or Invest!

It doesn't matter, degrees and masters might make you ahead of the pack but that don't mean that you're going to win the race, the most successful entrepreneurs are those that have the grit and will to do things that they're going to get laughed at because no one's believing them, the greatest entrepreneurs has the knack for million dollar idea, Henry Ford didn't pursue an education that we might see as respectable but he became the founder and pioneer of the automotive industry. Starting a company is an easy thing, the hardest part would be the maintenance and how you plan to create a product that's going to be sought after by many people.

|MINER|

sr. member

Activity: 1106

Merit: 421

As per my personal opinion I would say do MBA and then start business. Because the more educated a person is, the more knowledge he will have. He can come up with new ideas to improve the business. Educated people have a different type of intelligence. But it is also true that MBA is not mandatory to start a business. Apart from doing MBA, you can become a successful businessman. But the difference is that by doing MBA, understanding the business system will be a little easier for you. You can improve the business through new inventions. Of course we cannot equate an MBA businessman with the intelligence of a businessman without an MBA. From my personal opinion, if you have an opportunity to do MBA before starting a business, you should definitely do MBA.

Sam2121

newbie

Activity: 6

Merit: 0

It depends on what type of business it is, and what your undergraduate degree is in. If it is business, it won't help that much for your business. The biggest benefit here is that you're in school with older students and you get to see the dynamics after these people have been out in the "real" world for a while. As far as using it for a job, some say you should have post-graduate experience before starting the program. I disagree, get it out of the way. With a lot of the students it's: why are they back in school? If you have a successful career, it doesn't make sense to quit and go back to school, unless your company is paying for it.

Fullcoinese

full member

Activity: 386

Merit: 135

Quote from: doomloop on July 09, 2023, 02:29:32 PM

that your success isn't dependent on how many degrees you have

Quote from: doomloop on July 09, 2023, 02:29:32 PM

doing the right things in the right way and at the right time

i think these are 2 good and realistic points. that success is not dependent on having many titles and success will be achieved by doing the right things in the right way.
in fact success depends on the personality, effort and enthusiasm of each individual. although currently having a degree may indeed be more beneficial because we will learn and acquire knowledge systematically through formal education and may have more "privileges".
but someone who doesn't even have a degree can still be successful if they have a diligent personality, creative, always curious, dare to take risks and don't give up easily.
in essence if we want to be successful then we must be able to know and develop the potential that we have accompanied by trying hard and not giving up easily and the most important thing is never to let laziness stick to us.

Captain Corporate

hero member

Activity: 1946

Merit: 575

I think I could now say that it depends on the business. I mean think about it MBA is not a must for most business ideas, sure if you have it that's good, nobody says that it will hurt, even if you want to do the most manual job out there in the world if you have an MBA that will come in handy with some of the information you learned at school, so it doesn't hurt. But is it a "must"? I do not think so, its not a must for most jobs, some of the companies may require it, like something that is literally thought at that class that you should do in order to make money, if there are any related business ideas like that directly connected to it, then yes you need that, but if not then its a good to have but not must have situation.

eaLiTy

hero member

Activity: 2814

Merit: 911

Have Fun )@@( Stay Safe

Quote from: doomloop on July 09, 2023, 02:29:32 PM

~
So the point is, that your success isn't dependent on how many degrees you have or how much formal education you have in your life, it all depends on your knowledge and experience and doing the right things in the right way and at the right time, that is how you can get success in life.

This is the exact point, earning a MBA alone will not help in succeeding, if you are running a business, interpersonal skills is necessary and you wont necessarily learn these aspects just because you have a degree, majority of the businessman in the older generation does not even have basic educational qualification but they have interpersonal skills to run their business and on top of that if you have a MBA then you will have a structured organization.

macson

full member

Activity: 994

Merit: 140

Quote from: alastantiger on June 05, 2023, 04:44:46 PM

Getting an MBA is beneficial because it sets you apart from the rest of the pack. One of the advantages of an MBA is that it forces you to read and learn, which helps you expand your knowledge about any business you want to venture into. I strongly believe that one of the reasons why start-ups fail is because they lack a solid foundation in understanding frameworks and conducting their own research, instead of relying solely on purchased data. While it is true that not everyone may be able to afford an MBA program, the truth is that there is so much to learn from it. If you had the opportunity to pursue an MBA before starting a company or directly starting a company, which option would you choose?

- https://producthq.org/career/product-manager/how-to-decide-if-you-need-an-mba-as-a-product-manager/

Most of successful entrepreneurs get their MBA at the end, not at the beginning, because their goal is to deepen their knowledge and not find a job ^{(unlike those who pursue an MBA at the beginning, usually to find a job)}

but very few people can do both ^{(running a company while studying too)}, it will never be easy, I've tried it and it's very tiring ^{(problems and busyness experienced in business and in college can split focus)}, the best way is to finish one by one what you think is good and comfortable ^{(finish college first or make a stable business first)}

Vishnu.Reang

sr. member

Activity: 1974

Merit: 453

These is very common question if you want to start business, or if you want to become entrepreneurs MBA is necessary or not? if you are in early age or you are in mid 20s then you will be in confusion should I pursue formal education or directly start with business. Then you should remember 3/4 things,
no one thing is mindset, it is one of the important thing to become entrepreneurs, or to start business you must have passion, dream and positive energy.
The second thing is there is no age, situation, financial, and residence barrier to start any business.

o48o

legendary

Activity: 2800

Merit: 1128

Leading Crypto Sports Betting & Casino Platform

Quote from: alastantiger on June 05, 2023, 04:44:46 PM

Getting an MBA is beneficial because it sets you apart from the rest of the pack. One of the advantages of an MBA is that it forces you to read and learn, which helps you expand your knowledge about any business you want to venture into. I strongly believe that one of the reasons why start-ups fail is because they lack a solid foundation in understanding frameworks and conducting their own research, instead of relying solely on purchased data. While it is true that not everyone may be able to afford an MBA program, the truth is that there is so much to learn from it. If you had the opportunity to pursue an MBA before starting a company or directly starting a company, which option would you choose?

- https://producthq.org/career/product-manager/how-to-decide-if-you-need-an-mba-as-a-product-manager/

I don't disagree with you and education is always beneficial. It's solid ground to build on but imho that's necessary needed for a company. But you are not doing everything by yourself, so you decide what's worth your time to learn, because you are not learning everything by yourself.

Let's say you are an engineer and invented something worth value, but you need to build business for it. At that moment you might not have time to spend 3 years of your life for MBA. As you have used your time to invent something extraoridinary. Good thing is that you don't need to do everything by yourself. You can hire a professional with necessary know how, like with accounting, branding, or find a business partners with skillsets you need.

Imho you need to focus on the thing that makes you valuable for the company you are building. Don't try to do everything by yourself as you most likely will end up making amateur mistakes that end up costing a lot.

Vaculin

hero member

Activity: 2884

Merit: 612

For me, it’s always a personal’s choice as it does not mean that you won’t be successful in managing your business just because you don’t have an MBA degree, just like an MBA will not even guarantee your future’s success. So your success will never depend actually on your masteral degree, but will always matter on how experienced and skillful you are in running a business, and on dealing the imperfections of your business that you still manage to grow it instead and not leaving it unproductive or totally doomed. Attitude actually matters more than your own personal knowledge.

Synchronice

hero member

Activity: 840

Merit: 756

Watch Bitcoin Documentary - https://t.ly/v0Nim

Quote from: bitgolden on July 11, 2023, 01:15:04 PM

What if I am the type of person who doesn't like to work with anyone and just want to be solo? I currently have something like that give or take, of course I have a boss that pays me once a month, but aside from that we rarely talk about business, I only let him know if there is a big thing going on in my life, but aside from that I just wake up, work, and then go to sleep without talking to anyone at all.

That is one of the best jobs in the world to have because it is important to have a job that would be like that and you could make a profit from, otherwise there is no logic to keep it working. I know that it is going to be tough for some people to be just a solo worker, but it definitely works and you do not need MBA for that at all.

I don't understand what you want to say. If your life is only wake up, work and sleep to wake up tomorrow to work and then sleep, this is definitely not one of the best but one of the worst job one can imagine. And if you have a boss, then how do you consider yourself a solo worker? One can be in trades and work alone but that wasn't the purpose of my post, I was talking about the need of getting MBA if one wants to start a business and I said that you only need MBA if you want to work for others, if you want to start a business, MBA can't outweigh 2 years of experience you'll gain from running your own business.

bitgolden

legendary

Activity: 2772

Merit: 1128

Leading Crypto Sports Betting & Casino Platform

Quote from: Synchronice on July 10, 2023, 06:57:52 AM

Quote from: franky1 on June 28, 2023, 03:29:22 PM

if your starting your own business.. self employed no need for an MBA
but if you want to start a corporation which requires alot of staff and decision making and teams like a HR, PR, and other departments ..then yes get an MBA

Depends on what kind of person you are:
1. One who wants others to work for him.
2. One who wants to work for others.

Even if you want to start a corporation, you don't need to get an MBA, you need to hire those who have an MBA but there is a one thing where an MBA can shine. If you come from a background where you have never been in touch with rich and powerful people, it will help you to get some connections if you study in a good university and have an extraordinarily good social skills. Or MBA can help you if you want to get PR or citizenship of other country.

What if I am the type of person who doesn't like to work with anyone and just want to be solo? I currently have something like that give or take, of course I have a boss that pays me once a month, but aside from that we rarely talk about business, I only let him know if there is a big thing going on in my life, but aside from that I just wake up, work, and then go to sleep without talking to anyone at all.

That is one of the best jobs in the world to have because it is important to have a job that would be like that and you could make a profit from, otherwise there is no logic to keep it working. I know that it is going to be tough for some people to be just a solo worker, but it definitely works and you do not need MBA for that at all.

Topic: Getting an MBA before starting a company or directly starting a company? - page 2. (Read 898 times)