Getting an MBA before starting a company or directly starting a company? - page 5.

xSkylarx

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Quote from: Silberman on June 24, 2023, 12:42:18 PM

Quote from: goaldigger on June 21, 2023, 04:49:28 PM

You can start a business without having any degree at all, because your success will always depend on your hard work and perseverance and not with your education especially in real life. You can have your business first and focus on that, it you already master it and really want to pursue a higher education then that is the best time for you to have it. Experience is still teaches a great lesson, so I’ll prefer this first.

The straightest path is always the fastest when it comes to reaching our goals, a MBA may seem to make sense on the minds of many people, but there are simply too many things that you cannot learn by reading books, at some point you need to get up from the couch and begin to take action, so anyone that wants to start a business needs to stop giving excuses and simply do it, as even if they fail they will learn valuable lessons which will help them the next time they actually try to reach their goals.

Learn by experience because that is the best teacher for us; we learn from our mistakes, which teach us not to do it again. Even for myself, I do prefer starting a company and learning along the way, but for sure, it will cross my path to get an MBA when the company really needs to upskill because you need to learn more, but if you are just starting out, it would be best if you started the business rather than going to school, which takes more years, and you have knowledge on it, but that doesn't mean you can run your company well now.

SirLancelot

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Quote from: Pierre 2 on June 21, 2023, 05:02:42 AM

I think its nearly %100 unnecessary if you are intelligent and hardworking person and have some coworkers or friends that will help you in starting business adventure. But even if its unnecessary its valuable. Things you will learn through mba must be important because many people love to mba. Also having completed mba makes very flexible. Even if your businesses fail, you will have great education in your cv that will help you find better jobs. Or just fix your company.

Basically, MBA is an addition to your knowledge and it provides you with ideas about how you can run a business successfully and how to use different tools and techniques to grow a business, but, as you said, if someone already has some experience and basic knowledge about how a business can be run, they don't necessarily need to do it if you have trust and confidence in yourself that you can run your business successfully without that degree.

That being said, I personally think one should go for it if they know that they have enough time, they do not have the urgency of starting the business very soon and they can manage giving time to their studies, and if they can afford it since it obviously costs some money to do MBA.

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Quote from: goaldigger on June 21, 2023, 04:49:28 PM

You can start a business without having any degree at all, because your success will always depend on your hard work and perseverance and not with your education especially in real life. You can have your business first and focus on that, it you already master it and really want to pursue a higher education then that is the best time for you to have it. Experience is still teaches a great lesson, so I’ll prefer this first.

The straightest path is always the fastest when it comes to reaching our goals, a MBA may seem to make sense on the minds of many people, but there are simply too many things that you cannot learn by reading books, at some point you need to get up from the couch and begin to take action, so anyone that wants to start a business needs to stop giving excuses and simply do it, as even if they fail they will learn valuable lessons which will help them the next time they actually try to reach their goals.

goaldigger

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You can start a business without having any degree at all, because your success will always depend on your hard work and perseverance and not with your education especially in real life. You can have your business first and focus on that, it you already master it and really want to pursue a higher education then that is the best time for you to have it. Experience is still teaches a great lesson, so I’ll prefer this first.

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Quote from: YUriy1991 on June 21, 2023, 12:19:23 AM

Well, from your statement above gave birth to 2 options. The first. If one looks at it from the Basic Entrepreneurial Mindset Starting a company often requires a unique mindset characterized by risk taking, creativity and problem solving. Some might argue that MBA programs focus more on established business models to deal with the uncertainties and challenges of building new ventures.

Secondly Some people also argue that pursuing an MBA may not be necessary for every entrepreneur on the grounds that successful entrepreneurship is built on passion, perseverance, and a strong focus on execution in fact many successful entrepreneurs have achieved their goals without an MBA, relying instead on them. . experience. self-education, self-education, and a willingness to learn through trial and error.

Well, I think it's a simple matter of course. The decision to pursue an MBA before starting a company or directly starting a company depends on a variety of factors, including individual circumstances, personal goals, financial resources, and desired entrepreneurial journey.

The distinction you've crafted between the systematic wisdom of an MBA and the empirical learning path unveils deeper inquiries regarding the essence of knowledge. Is wisdom stronger when gathered in an institutionalized context or when gleaned through practical experience? Yes, an MBA offers a sturdy frame of theories and models. However, the crux lies in their practical application in a fluctuating entrepreneurial landscape where several factors remain unpredictable.

On the other hand, firsthand experience encourages an immediate grasp of business dynamics, fostering resilience, flexibility, and an aptitude to learn from setbacks. Yet, the lack of a robust theoretical base may hinder strategic outlook and decision-making prowess. Hence, the crucial issue is not to choose the superior path but to discern which method best enriches one's skill set, aligns with future aims, and fits present conditions.

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Quote from: Pierre 2 on June 21, 2023, 05:02:42 AM

I think its nearly %100 unnecessary if you are intelligent and hardworking person and have some coworkers or friends that will help you in starting business adventure. But even if its unnecessary its valuable.

It may look unnecessary if you've got them but there will be a point of them that it's going to be seen the worth of it.

Quote from: Pierre 2 on June 21, 2023, 05:02:42 AM

Things you will learn through mba must be important because many people love to mba. Also having completed mba makes very flexible. Even if your businesses fail, you will have great education in your cv that will help you find better jobs. Or just fix your company.

That's right, it is one thing if you ever want to get out of business and you think that making your own company isn't for you. You'll still have good record for yourself that you've finished a degree and an MBA.

And maybe you're for the other company that you'll help them to grow. But we like it more if we're doing it on our own, it's also seasonal if you notice that it's not yet for you.

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Quote from: demonica on June 21, 2023, 07:18:01 AM

MBA is an advantage but won't guarantee your success in business. Also, there are small businesses that becomes successful even without getting an MBA. A business owner can learn more about starting up a business and how to make it grow, even without the need of having an MBA. It will still depends on how these owners handle their businesses. Being persistent, hard working, innovative, and smart are some of the characteristics that helps in making your business successful. Opportunities and luck plays a factor in success too.

For most small and medium sized business, which make the majority of the business out there an MBA is completely unnecessary, those people need to concentrate way more on getting the raw products they need for their business to work at a good price, put their business at a good location, offer a good service and learn how to pay their taxes, activities that while critical do not really require a formal education, with the exception of paying your taxes but for that you can hire an accountant and be done with it.

demonica

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MBA is an advantage but won't guarantee your success in business. Also, there are small businesses that becomes successful even without getting an MBA. A business owner can learn more about starting up a business and how to make it grow, even without the need of having an MBA. It will still depends on how these owners handle their businesses. Being persistent, hard working, innovative, and smart are some of the characteristics that helps in making your business successful. Opportunities and luck plays a factor in success too.

Pierre 2

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I think its nearly %100 unnecessary if you are intelligent and hardworking person and have some coworkers or friends that will help you in starting business adventure. But even if its unnecessary its valuable. Things you will learn through mba must be important because many people love to mba. Also having completed mba makes very flexible. Even if your businesses fail, you will have great education in your cv that will help you find better jobs. Or just fix your company.

YUriy1991

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Well, from your statement above gave birth to 2 options. The first. If one looks at it from the Basic Entrepreneurial Mindset Starting a company often requires a unique mindset characterized by risk taking, creativity and problem solving. Some might argue that MBA programs focus more on established business models to deal with the uncertainties and challenges of building new ventures.

Secondly Some people also argue that pursuing an MBA may not be necessary for every entrepreneur on the grounds that successful entrepreneurship is built on passion, perseverance, and a strong focus on execution in fact many successful entrepreneurs have achieved their goals without an MBA, relying instead on them. . experience. self-education, self-education, and a willingness to learn through trial and error.

Well, I think it's a simple matter of course. The decision to pursue an MBA before starting a company or directly starting a company depends on a variety of factors, including individual circumstances, personal goals, financial resources, and desired entrepreneurial journey.

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Well I think it is nice to have a MBA but it is not really so important. If you are going to start your own company you will be the boss so what your education is your customers will not know. And I do not think they will care.

I have seen cost for a MBA is $60k. That is a lot of money for something you do not need. Maybe if you have lot of extra money and time you can get it. I would just put this money towards the company you are starting.

mvdheuvel1983

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All the CEOs I know that have run successful companies didn't start out with an MBA. As a matter of fact MBAs require that you have some years of experience in the field of work. It is important because most of the things you will learn why getting an MBA will be stuff that are relatable to you field of work. For you to be able to contribute to the discussion you will need to draw case studies from your companies. Besides, I think MBA makes CEOs smarter and enable to create an enduring organization.

Silberman

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Quote from: vv181 on June 15, 2023, 12:23:21 PM

Quote from: Silberman on June 14, 2023, 02:47:49 PM

Exactly, how many times have we heard of college graduates complaining that what they learned at school is completely useless and they have to learn what they need on their job, and an MBA is pretty much the same, if someone wants to start a business then this is something they need to do without any delay, as they can learn all what they need while doing it or they can hire someone which knows how to do that already and save themselves the effort to do it.

Agreed, but I don't think we should have to discredit the current education/college system as a whole or to even generalize it. Some educational background truly helps them to build the foundation of the theoretical subject, on another hand, I do apprehend there might be some subjects that did not fulfil the students' needs in a work environment.

Having an MBA degree is absolutely not a prerequisite to starting a business. A prominent figure like Musk is also widely known to discourage that degree. In the end, business success involves many variables and factors, and the owner's degree is surely not significant in most scenarios.

Degrees vary on their usefulness, there are some that are very useful or even critical, for example who would want that someone could perform a surgery just because they watched a few youtube videos? For doctors to do their job we need an extensive program that trains them to the best of our ability, however there are other degrees which have limited usefulness or are outright useless, and a MBA on business has limited applications as each business model is different and students will never get to experience real market conditions while they try to get it.

Jawhead999

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It depends on anyone choice and each person has it's own way.

Your brother getting an MBA, then starting a company and in the next 2 years, the company become big and your brother are successful. Maybe you want to follow your brother success way, you getting an MBA in order to success starting a company, but when you have start a company, it's not successful and your company went bankrupt.

Education isn't the only reason someone can become successful.

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Quote from: vv181 on June 15, 2023, 12:23:21 PM

I don't think we should have to discredit the current education/college system as a whole or to even generalize it. Some educational background truly helps them to build the foundation of the theoretical subject, on another hand, I do apprehend there might be some subjects that did not fulfil the students' needs in a work environment.

Having an MBA degree is absolutely not a prerequisite to starting a business. A prominent figure like Musk is also widely known to discourage that degree. In the end, business success involves many variables and factors, and the owner's degree is surely not significant in most scenarios.

It actually depends on every individual and their mindset whether a degree will be needed for them or not for running a certain business no matter what the business is. Some people actually learn the things necessary to run a business from their elders who are already running businesses and these kinds of people don't need a degree to run a business successfully because they already know the rules and regulations.

There are some people who know nothing about how things work and how a business can be run if they don't get formal education about it, such people will surely need to get a certain degree to be able to run a business successfully as they lack the basic abilities to do that.

ElmedoRator

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This is a rather broad issue when looking at the problem of success, does the success of a certain corporation have to originate from individuals? I believe the answer here will be both yes and no. Learning and applying them in work are always linked together and should not be separated, when theory will not lead us to results immediately without experience in application, and application without Having a background in knowledge would also be a big risk. So, as I said before, having knowledge does not necessarily lead to success, when the truth shows me that companies with a foothold like today have failed many times, so the Individuals here should see a small way and the bigger problem to lead to success is much more complicated.

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Quote from: alastantiger on June 05, 2023, 03:44:46 PM

If you had the opportunity to pursue an MBA before starting a company or directly starting a company, which option would you choose?

Well, starting a company requires a lot of knowledge, of which the most important is how to employ your staff, how to outsmart your competitors, and how to manage your finances very well. I believe
Someone who has not really gotten a well-grounded knowledge as an MBA cannot grow a successful company because it's all that knowledge you gain from the course that will prepare you to cross all the hurdles of growing a company because there are going to be challenges and how fast you manage them will determine the success rate of your company. It can take someone about two or four years to build their company, but just one bad reputation can destroy the company, and those are the things one must learn in MBA courses and other business courses. So, I had better learn first than risk it.

Cheers 🥂, Dr.Bitcoin_Strange 👺👺

Gyfts

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MBA's are losing value, among other college degrees, for the fact that educational institutions are becoming diploma mills and offering these degrees to anyone who wants to pay for it. The internet doesn't require you have a degree for anything, experience matters.

Save yourself the costs and political indoctrination most universities made you endure, skip the degree and enter the labor market.

vv181

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Quote from: Silberman on June 14, 2023, 02:47:49 PM

Quote from: vv181 on June 10, 2023, 02:28:44 PM

Being forced to read and learn in order to expand knowledge is a silly reason to pursue an MBA. Those who have the degree certainly are apart from those who do not, but essentially, experience outweighs education. Your reasoning to conduct research also does not require an MBA degree, and it does not specifically need that path of education to understand the framework of business.

Anyway, my main point is to read and learn things unwillingly and needing external forces, suppose to thrive a degree, is a sign of ignorance and laziness.

Exactly, how many times have we heard of college graduates complaining that what they learned at school is completely useless and they have to learn what they need on their job, and an MBA is pretty much the same, if someone wants to start a business then this is something they need to do without any delay, as they can learn all what they need while doing it or they can hire someone which knows how to do that already and save themselves the effort to do it.

Agreed, but I don't think we should have to discredit the current education/college system as a whole or to even generalize it. Some educational background truly helps them to build the foundation of the theoretical subject, on another hand, I do apprehend there might be some subjects that did not fulfil the students' needs in a work environment.

Having an MBA degree is absolutely not a prerequisite to starting a business. A prominent figure like Musk is also widely known to discourage that degree. In the end, business success involves many variables and factors, and the owner's degree is surely not significant in most scenarios.

someone703

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I suggest that experience is often of great value in the business world, and the practical knowledge gained through actual involvement in business can be crucial to success. There are indeed many successful entrepreneurs who have achieved great things without formal business education. Either way, learning is important. Yes, while an MBA can provide a structured and comprehensive business education, everyone has a different way of succeeding, so an MBA is not the only path. best to acquire business knowledge or business skills.

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