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

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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.

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

Not a necessary qualification for building a successful company. The most important thing that's needed for one to run a successful company is Talents(gifts, abilities, ideas, etc), Passion and Guidance from someone/people with similar abilities who have successfully build their own businesses ethically/morally.

The easiest way to ruin a talented mind is let them go through programs set by dumb people or those with unrelated abilities who typically fill large books with nonsense that takes years instead of months to go through. Better to spend that time as an apprentice under a qualified company

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Quote from: jaberwock on June 12, 2023, 12:21:15 PM

Quote from: Fortify on June 11, 2023, 11:04:51 AM

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

I get what you are telling there. Many of us go to school and there hard lesson like for example in mathematics but when we graduate or get a job, those complex mathematics are not being used anymore. What's funny is that we only need the simple one such as addition and multiplication.

Experience in the workplace beats people who spend most of their time studying but it's normal if they are newly hired. They can still be trained and maybe can become a better employee later on because they already have an advantage and that is their vast knowledge that they learn in courses. It's important to pick a job according to the course you get so that you can relate to it easily.

Those degree you got from universities sometimes important to own and sometimes not. Nowadays the knowledge and information pretty much easy to find , as long as you have the super high desire to chase what you want ... you won't see any obstacles as a problem to start something , to start a business.

Iy would always back to ourselves, will you do anything to achieve what you want in no matter ways? An MBA degree doesn't necessarily needed if you think you are in trouble to think how much money required to get into university but if you think it's woth the money and the time , then do it , there is always a way! pro tips : just do it and you will gain experience , make mistakes as you will gain more experience plus knowledge from that.

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Quote from: Unbunplease on June 11, 2023, 03:25:59 PM

Quote from: Wiwo on June 11, 2023, 03:08:22 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

Regardless, additional knowledge aside from personal experience is beneficial when one is to start a business. Having and advance theoretical/practical knowledge about the business we are planning to start up make it easier for us to establish everything. Although I agree that personal experience is one of the best teachers, I cannot ignore the fact that formal education teaches things that is also very essential in managing and building our business. It enables us to formulate different plans and simulation since formal learning enables us to gain much more understanding of the business we are aiming to create.

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Quote from: Fortify on June 11, 2023, 11:04:51 AM

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

I get what you are telling there. Many of us go to school and there hard lesson like for example in mathematics but when we graduate or get a job, those complex mathematics are not being used anymore. What's funny is that we only need the simple one such as addition and multiplication.

Experience in the workplace beats people who spend most of their time studying but it's normal if they are newly hired. They can still be trained and maybe can become a better employee later on because they already have an advantage and that is their vast knowledge that they learn in courses. It's important to pick a job according to the course you get so that you can relate to it easily.

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Quote from: Twentyonepaylots on June 11, 2023, 06:06:06 PM

Quote from: tabas on June 11, 2023, 04:42:05 PM

Getting an MBA is an advantage being a founder of a startup company. But I know company and business owners that don't even get to have that degree. But the difference is, I have also seen good founders that eventually get to learn and study and wanting to take this degree. I think the matter isn't just about learning what's with the course but also more about having more network. So, no matter what a person has if he's got a company, it doesn't matter whether you start it without having that MBA or having that. Because you're free to start it and if you've got an experience and knowledge on how it should go, you know what's best for your business.

The idea that some CEOs do not have MBA confuses those who plans to do so without realizing how important it is to be successful. Indeed there are some peole who made it to the top without a solid educational background or foundation but as we all know, we have different fate and are going different circumstances. Perhaps with experience, those who succeeded without MBA might have experienced working before which gave them the idea. So if you don't have the experience, what would you be having to give you a start?

And that's how good they are without going through the essential education of being an entrepreneur and yet they've become successful with the business that they've established and for most, it's not just even a business but businesses.

Quote from: Twentyonepaylots on June 11, 2023, 06:06:06 PM

I do view a degree as the least I can get as an individual. If I fail with my business plans I can still work in a company as an employee with my degree than to start at the lowest position. It is quite setting milestones for yourself.

That's okay, there are people that are for leadership, for business and their own careers. I know that most of those that are CEOs today came from the bottom of being an employed and being shouted by their bossess so that's part of their progress and used that as an inspiration of what they've become now.

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Actually getting an MBA is great because it gives people three big things:
1. Excellent education and knowledge.
2. Friendly relations with talented and also great people.
3. A piece of paper (MBA diploma).
and to get an MBA is not cheap because it takes a lot of money to get it, but in most jobs with an MBA it is very difficult to find a job that is appropriate and commensurate with the MBA level.
and for business it can be said that it is easy to advance their business because of very good and great relationships that can be relied upon to be able to help or cooperate in advancing their business, but all that must be done with effort and hard work apart from having high knowledge. And if there is no effort and hard work then the business will not run, and the most important thing is that you have to really master business related management. So I think it all depends on the person and also the relationship, hard work, willingness to try because all of that will be a very valuable experience, and will bring success in the future.

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It depends on the size of the company and whether it is intended to grow. If we are talking about a small company, let's say someone who sells windows in a village, and has no intention of growing beyond the village, no. If we are talking about a small company, let's say someone who sells windows in a village, and has no intention of growing beyond the village, no. For larger businesses or businesses that are intended to grow as much as possible, as in the case of windows, that if they do well they will open another shop in the next town and if they do well they will continue to grow, I think it would be better to do an MBA or hire someone who has one.

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Quote from: Beparanf on June 11, 2023, 09:42:35 AM

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?

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.

I believe someone should only start a business that they understand pretty well even if they haven't studied business management or learned formally about that business before starting it. You can find millions of people in the world who are running businesses successfully without having any formal education that is directly related to businesses or the business they are doing, and the reason for that is simply because they knew what they are doing.

If you can afford it and have the time for it, you should obviously go for it, but if you only have the budget for your business and also have some knowledge and experience about it without formal education, you should simply go ahead with the business and work hard on it, it will succeed for sure.

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The success of the project can be viewed as a matter of background preparation first, I have not given much thought to the degree experience. Since many will argue that theory has neither practical experience nor problem solving, and re-questioning success, I find that most of us see success coming to companies, but I know that in order to have success, they also have to go through many different failures until they are recognized. So some pretty small problems in the development process reach the success of the idea, I understand that the practical lesson here is very important.

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Quote from: tabas on June 11, 2023, 04:42:05 PM

Getting an MBA is an advantage being a founder of a startup company. But I know company and business owners that don't even get to have that degree. But the difference is, I have also seen good founders that eventually get to learn and study and wanting to take this degree. I think the matter isn't just about learning what's with the course but also more about having more network. So, no matter what a person has if he's got a company, it doesn't matter whether you start it without having that MBA or having that. Because you're free to start it and if you've got an experience and knowledge on how it should go, you know what's best for your business.

The idea that some CEOs do not have MBA confuses those who plans to do so without realizing how important it is to be successful. Indeed there are some peole who made it to the top without a solid educational background or foundation but as we all know, we have different fate and are going different circumstances. Perhaps with experience, those who succeeded without MBA might have experienced working before which gave them the idea. So if you don't have the experience, what would you be having to give you a start?

I do view a degree as the least I can get as an individual. If I fail with my business plans I can still work in a company as an employee with my degree than to start at the lowest position. It is quite setting milestones for yourself.

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Working for someone in the field before starting a company beats both of those options. I have always said that you can't pay to learn how the business runs as well as being an employee in that business, its just so much better. Hell even working in a Mcdonalds prepares you better than just directly starting a cafe, sure there is not that much similar stuff between them but directly doing it is even worse. Which is why I believe that we should be looking into how we could find a job in the field before we start it. After you start working for a company, spend some time there, become as high position employee as you possibly can while saving money for your own business, and when you feel like you are ready and have the money for it (at least a few years) then you would be a lot better when you first start.

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Getting an MBA is an advantage being a founder of a startup company. But I know company and business owners that don't even get to have that degree. But the difference is, I have also seen good founders that eventually get to learn and study and wanting to take this degree. I think the matter isn't just about learning what's with the course but also more about having more network. So, no matter what a person has if he's got a company, it doesn't matter whether you start it without having that MBA or having that. Because you're free to start it and if you've got an experience and knowledge on how it should go, you know what's best for your business.

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Quote from: Unbunplease on June 11, 2023, 03:25:59 PM

Quote from: Wiwo on June 11, 2023, 03:08:22 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, 03:44:46 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, 03:42:12 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.

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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.

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Quote from: Unbunplease on June 11, 2023, 03:25:59 PM

Quote from: Wiwo on June 11, 2023, 03:08:22 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.

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Quote from: Wiwo on June 11, 2023, 03:08:22 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

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Quote from: suzanne5223 on June 11, 2023, 02:49:33 PM

Quote from: romero121 on June 10, 2023, 06:13:24 PM

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