Getting an MBA before starting a company or directly starting a company? - page 6.

TimeTeller

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Quote from: Unbunplease on June 11, 2023, 04:25:59 PM

Quote from: Wiwo on June 11, 2023, 04:08:22 PM

Must successful businesses are not run by high certificate holders indeed but then being certified in a particular field gives you an insight into the theoretical framework for the business and how to administer the day to day running of the company and thos could result into whether or not the company succeed or not.

But to guarantee success of a business, the owner needs to have a long-term experience in the business in other to effectively manage the business and place it on track for success.

The certificate is only an additional confirmation of the level of knowledge (if it is not acquired on the black market). But, again, it is one thing to have a certificate, and another thing to successfully apply knowledge in practice. Very often the reality is different from what is taught in the institutes. When a person comes to work (for example, on a construction site), he is honestly told to forget what he was taught at the institute. The same applies to certificates

The certificate is just additional paper to gain credibility in your field. However, the actual work is quite different.
Just do take note that a lot of successful businessmen are drop-outs. But for sure, they gained experiences thru time and they studied on their own about their field of industry.
Thus, it is a continuous effort to learn everyday about their craft. It is not just by holding certificate that can guarantee you have the edge on your field.
So either you have your MBA or not before you start your own company, for me, is not a big factor to attain success.
But your perseverance to educate yourself on what needs to be done to get ahead of your competitors. And you can learn that as you go thru your journey in any business you want to get involve with.

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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/

It's less about the degree itself that makes you a better business person and more about the act of gaining knowledge and experience as you get that MBA that matters. So with that being said, Anything that gives you the same amount, maybe even more of the experience and knowledge bases will definitely make you better at something. In this case being a businessman. I don't agree with some of the points that the article you linked provided such as the notion that getting an MBA makes you employable, because let's face it, A. You don't wanna get employed if you get a Business Degree, and B. The world is progressing to a more open and just society nowadays, so opportunities are being opened for everyone, even those who didn't their degree. There's truth in getting important networks and connections as well as the fact that it makes your promotion a little quicker than others but that too is still up for debate.

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Quote from: usekevin on June 11, 2023, 04:42:12 PM

The Master Degree in the Management is essential to improve the Management skills.Learning is essential one before to the practical knowledge of Management.This apply to the field of crypto currency too.After getting good knowledge in the management,one can start their own business to earn more money.They also join the corporate to earn huge in the short period of time,the business skills need to start the business.

Yes in some companies it will be a very helpful degree and you will land a higher position for being a manager but I think having an experience is good as well not only having a MBA, some companies prefer a well seasoned person as well in his chosen career. MBA is a plus, but for me I will not take it but rather add some additional skills for myself.

usekevin

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The Master Degree in the Management is essential to improve the Management skills.Learning is essential one before to the practical knowledge of Management.This apply to the field of crypto currency too.After getting good knowledge in the management,one can start their own business to earn more money.They also join the corporate to earn huge in the short period of time,the business skills need to start the business.

Wiwo

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Quote from: Unbunplease on June 11, 2023, 04:25:59 PM

Quote from: Wiwo on June 11, 2023, 04:08:22 PM

Must successful businesses are not run by high certificate holders indeed but then being certified in a particular field gives you an insight into the theoretical framework for the business and how to administer the day to day running of the company and thos could result into whether or not the company succeed or not.

But to guarantee success of a business, the owner needs to have a long-term experience in the business in other to effectively manage the business and place it on track for success.

The certificate is only an additional confirmation of the level of knowledge (if it is not acquired on the black market). But, again, it is one thing to have a certificate, and another thing to successfully apply knowledge in practice. Very often the reality is different from what is taught in the institutes. When a person comes to work (for example, on a construction site), he is honestly told to forget what he was taught at the institute. The same applies to certificates

Having a certificate is a big addition to your success in business but that doesn't mean that we don't have other successful businesses that are operated by uncertified individuals but with long term practical practices and experiences that have helped to enhance their success tendency and this have helped them to be able to succeed in business.
But also the date and number of success uncertified CEOs ars few compared to other businesses ruined buy NBA's holders or other business degrees.

Unbunplease

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Quote from: Wiwo on June 11, 2023, 04:08:22 PM

Must successful businesses are not run by high certificate holders indeed but then being certified in a particular field gives you an insight into the theoretical framework for the business and how to administer the day to day running of the company and thos could result into whether or not the company succeed or not.

But to guarantee success of a business, the owner needs to have a long-term experience in the business in other to effectively manage the business and place it on track for success.

The certificate is only an additional confirmation of the level of knowledge (if it is not acquired on the black market). But, again, it is one thing to have a certificate, and another thing to successfully apply knowledge in practice. Very often the reality is different from what is taught in the institutes. When a person comes to work (for example, on a construction site), he is honestly told to forget what he was taught at the institute. The same applies to certificates

Wiwo

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Quote from: suzanne5223 on June 11, 2023, 03:49:33 PM

Quote from: romero121 on June 10, 2023, 07:13:24 PM

Quote from: suzanne5223 on June 10, 2023, 03:55:02 PM

An MBA can assist create the leadership abilities required to succeed in these areas for those who plan to work in a managerial role, with financial institutions, or with entrepreneurship, but company or personal success does not always correspond to having achieved excellence in academics or holding an MBA. Some millionaires and outstanding tycoons never completed higher school, let alone an MBA.

MBA will give the theoretical learning about the managerial role. Only through experience he/she will make a better suited to the position. As said to have a standard development to the business or company the MBA adds value, if not we need to hire someone for the position and make things happen under their control. The educated strategies work based on the previous results where the experience based system function on assumptions.

Yes, in some businesses or places of work here someone with MBA wanted to be hired, her academic holding won't be used to judge her performance and it's her previous result and working experience that will be used.
I think the MBA is just for the expansion of the professional system with job opportunity, improve in good communication skill and awareness.

Must successful businesses are not run by high certificate holders indeed but then being certified in a particular field gives you an insight into the theoretical framework for the business and how to administer the day to day running of the company and thos could result into whether or not the company succeed or not.

But to guarantee success of a business, the owner needs to have a long-term experience in the business in other to effectively manage the business and place it on track for success.

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Quote from: romero121 on June 10, 2023, 07:13:24 PM

Quote from: suzanne5223 on June 10, 2023, 03:55:02 PM

An MBA can assist create the leadership abilities required to succeed in these areas for those who plan to work in a managerial role, with financial institutions, or with entrepreneurship, but company or personal success does not always correspond to having achieved excellence in academics or holding an MBA. Some millionaires and outstanding tycoons never completed higher school, let alone an MBA.

MBA will give the theoretical learning about the managerial role. Only through experience he/she will make a better suited to the position. As said to have a standard development to the business or company the MBA adds value, if not we need to hire someone for the position and make things happen under their control. The educated strategies work based on the previous results where the experience based system function on assumptions.

Yes, in some businesses or places of work here someone with MBA wanted to be hired, her academic holding won't be used to judge her performance and it's her previous result and working experience that will be used.
I think the MBA is just for the expansion of the professional system with job opportunity, improve in good communication skill and awareness.

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Quote from: naira on June 11, 2023, 07:40:57 AM

Keep in mind that everything requires knowledge and the way to go about it depends on each, whether formal or non-formal, so everything will have different results according to the portion of one's dexterity in running a business or job. In education, one has to study for years up to the tertiary level to have the desired degree. Because the performance system in the country refers to formal licensed certification recognized by law, a degree is required. But now when the internet and knowledge pathways are easily accessible, we certainly get an easier way as long as there is high intention and will. But that alone is not enough if you enter a company that demands job acceptance with certain conditions and a formal degree.

Talent is not enough, hardwork is also needed but for that hardwork to work, there has to be talent already present therefore if we want to start a business, we should first make sure we have what it takes to run a success business in us before we start and one way of getting that is by studying for it. Not everyone that's successful today got there because of the talent they have, some people learnt how to become successful.

If we want to study for our MBA then we should do so because we can get success from there too but we shouldn't depend on it thinking that if we get a MBA then we'll be good with managing or starting our own business or company, it doesn't work that way.

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I think that an MBA will not necessarily help build a good business, and it will certainly postpone the plans for the time of education, so unless a person feels a strong need for academic background before implementing a business idea, I don't think it's needed. One can do online courses, read books and watch videos on specific topics of interest, as well as hire someone who'll help with the biggest gaps. How business is done can also vary a lot depending on a country, it's legislation as well as unspoken rules that exist among the people in the area, and those aren't things one will learn by getting an MBA.

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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?

In my (very limited) experience the skills that people are taught in higher education are often very different than the skills needed in the workplace. Sometimes people who have been in education for a few years have a hard time adapting to the realities of the workplace and might be unprepared to put their education into good use. They sometimes need a lot more nurturing and adjustment time than someone who has been actively learning in the workplace through the same amount of years. The education is definitively a good thing and may teach them advanced skills but the workplace can be a wildly different set of environments.

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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/

You don't actually need an MBA degree to start a company, it won't teach you how to run company, believe me, you have to understand the business, how businesses work in life, how people start businesses, how they succeed, how they hire candidates and so on. MBA just gives you a theoretical knowledge that is far from actual practical one and real life is full of different experiences and things don't go or don't look as well as they are written on paper when you study.

Have a look at Floyd Mayweather, Conor Mcgregor, yes, they are athletes who dedicate their life to sport instead of education but they make tons of money and have very successful businesses. Don't get me wrong, I don't humiliate them, I just want to prove some people that MBA doesn't matter because a lot of "uneducated" people manage businesses better than the guys who finish their MBA in Harvard.

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Advantage of taking an MBA is that it necessitates significant reading and studying, which aids in the extension of knowledge in numerous business fields. It is important to recognize that start-ups encounter several hurdles and have a high failure rate. The absence of a firm basis in understanding business principles and doing independent research is one element that contributed to this failure. An MBA program teaches students how to collect and analyze data, allowing them to make more informed decisions and increase their chances of success.

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

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

I think everyone will agree that knowledge is power. I will choose to pursue first MBA before I start my own company because I don’t background on business management. This is a case to case basis because some people already have a working experience on business even without MBA. It’s either their family run a business or they work on a company which experience teach him already how to manage business.

But as a person with zero knowledge and background. Pursuing MBA is the right path to follow not only to equipped knowledge for the business management but also to have a good background on your portfolio so that your employees will recognize your skills.

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I will start my business first before thinking of getting MBA,and that is if my business is not flourishing,but if my business is progressing,am sorry I don't need any MBA because I will see it as a waste of time. There are some persons who went to apprenticeship,and after having all the knowledge about that particular business,he went to establish his own business. This person will do well and progress in his business compared to someone who only learnt MBA and started his business,because he doesn't have any experience about such business. Only theory can't teach us on how to know a business challenge and wouldn't emphasize on the unforseen challenges that one can encounter in his business. Experience in such field of business will teach more on how to prepare and tackle some unforseen circumstances surrounding a business. I know someone that studied MBA that is a poor businessman because his business failed.

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It is better to always build a strong foundation before starting something especially a business or a company. I am one of those people who prefer getting a degree or atleast knowledge of what they want to achieve. First of all, things would be efficient from planning to actualization. It would also result to less mistakes during process. Indeed there are successful businessmen who did not go to college but we don't have the same fate so atleast establish something on your end to start on your own.

Quote from: YinShuiSiYuan on June 11, 2023, 07:19:32 AM

Quote from: crypticj on June 10, 2023, 10:02:27 PM

You don't actually need an MBA to start a company. MBA is just a way to gain more knowledge.

You can learn everything you need online pretty fast, without wasting too much time getting MBA.
And you probably know that the best way to become good in business is to DO business. This experience will be WAY more valuable that any MBA.

Yes exactly for starting a new company you need a good capital , a good plan and hardworking professional who can bring you business up . MBA degree is just for your knowledge but these business skills you learn from interacting with people and experiencing different strategies.

How would you utilize the experience then? That is partly correct. Experiences teach the best lessons in life but not all the time. Why would education be created if it is not necessary? Capital and such is a given necessity ofcourse. Think of how many people have tried doing their business but not all succeeded.

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Keep in mind that everything requires knowledge and the way to go about it depends on each, whether formal or non-formal, so everything will have different results according to the portion of one's dexterity in running a business or job. In education, one has to study for years up to the tertiary level to have the desired degree. Because the performance system in the country refers to formal licensed certification recognized by law, a degree is required. But now when the internet and knowledge pathways are easily accessible, we certainly get an easier way as long as there is high intention and will. But that alone is not enough if you enter a company that demands job acceptance with certain conditions and a formal degree.

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Quote from: crypticj on June 10, 2023, 10:02:27 PM

You don't actually need an MBA to start a company. MBA is just a way to gain more knowledge.

You can learn everything you need online pretty fast, without wasting too much time getting MBA.
And you probably know that the best way to become good in business is to DO business. This experience will be WAY more valuable that any MBA.

Yes exactly for starting a new company you need a good capital , a good plan and hardworking professional who can bring you business up . MBA degree is just for your knowledge but these business skills you learn from interacting with people and experiencing different strategies.

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If I already work in a company and get to pursue an MBA, I will do it, especially if getting an MBA will be funded by the company. And usually, the company will reward employees who excel and maybe provide opportunities for employees to get an MBA.

But if I weren't already working in a company, I probably wouldn't pursue that MBA because it costs so much. Besides that, we can get more useful knowledge from the Internet. A degree is not everything. There are still many companies willing to accept employees who want to work and the company will appreciate people who want to try.

But some people want to pursue an MBA before getting a job because they think the competition is getting tougher these days and having more degrees than everyone else gives them more opportunities to apply for jobs. Well, people's thoughts about educational degrees are still very high and there are still many who only look at higher educational degrees compared to those who are self-taught.

But if it's about starting a company, we don't need to pursue an MBA because what a business owner needs is how he can better manage his business and grow it.

crypticj

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You don't actually need an MBA to start a company. MBA is just a way to gain more knowledge.

You can learn everything you need online pretty fast, without wasting too much time getting MBA.
And you probably know that the best way to become good in business is to DO business. This experience will be WAY more valuable that any MBA.

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