Getting an MBA before starting a company or directly starting a company? - page 8.

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Quote from: Spaceman1000$ on June 10, 2023, 09:10:37 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?

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

For me i will do both at once depending on the kind of business i want to venture into, because going for an MBA program will last you at least a year and six months.
So both of them can go in pari passu, at the end of the day, the knowledge obtained from MBA program will help to enhance the start up Business.

There are lots of business owners that are enrolled in one academic program or the other, the whole thing is to make sure you have a broader understanding of your business and to improve your managerial skills.

Starting a business directly can provide with hands on experience and the opportunity to learn by doing and You can learn from your successes and failures and develop a deep understanding of your industry and customers and This can help you make better decisions and avoid common mistakes that new entrepreneurs often make. An MBA can provide you with a valuable network of contacts that can be useful in starting and growing a business and But it's not mandatory. If you look at the majority of the business conglomerates of today's world, their founders didn't need a business administration degree to make them big. So don't think too much about 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/

For me i will do both at once depending on the kind of business i want to venture into, because going for an MBA program will last you at least a year and six months.
So both of them can go in pari passu, at the end of the day, the knowledge obtained from MBA program will help to enhance the start up Business.

There are lots of business owners that are enrolled in one academic program or the other, the whole thing is to make sure you have a broader understanding of your business and to improve your managerial skills.

nesty

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Both getting an MBA before starting a company and directly starting a company have their own advantages and disadvantages. Getting an MBA before starting a company business skills such as finance, marketing and management. This can help you make better decisions and avoid common mistakes that new entrepreneurs often make. An MBA can provide you with a valuable network of contacts that can be useful in starting and growing a business. Starting a business directly can provide with hands on experience and the opportunity to learn by doing. You can learn from your successes and failures and develop a deep understanding of your industry and customers. Starting up a company can allow also to move quickly and take advantage of opportunities that might not be available if you were still in school.

mu_enrico

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It helps to have an MBA degree since you'll learn about managing your business. But it's not a must/mandatory, and I don't think it correlates to a successful business. The issue is that MBA is more useful if you have a mature firm, not a new startup or small business. For new companies, you have to earn a reputation by having good products, good customer service, etc., which require more technical knowledge/experience, meanwhile, management is a supporting activity, not the primary activity. Remember, there's no good governance when you are just started, for example, Apple started from a garage.

Therefore I'd say just start your company without any degree, as long as you have the technical skill. The governance thing can be added later on.

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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/

Bagging an MBA before starting a business is not a bad idea. Some MBA courses expose students to some workable business strategies and leadership styles that can be beneficial to the business. But it is not a criterion for the success of a business because many business owners have built great businesses without MBA degrees. There are many books and materials both online and offline that can guide business owners in running their business successfully. MBA programs are very expensive and time-consuming but if I can afford the money and time, it will be an addition to my knowledge and experience.

Quote from: Ebede on June 05, 2023, 05:52:10 PM

This particular platform is the platform that melt away with some people's money last year our last 2 years so I don't think that recommending this platform is also good again everybody knows what they have done to people put people into trouble they are problem also take some people's life so I will not advice from people who don't know about it to invest in it again

MBA simply Means Master of Business Administration. It is an academic degree offered by universities and business schools that exposes students to business management and leadership. It seems you are mistaking it for the scam Ponzi scheme MBA Trading and Capital Investment that swindled people of their funds by promising them outrageous profits.

rat03gopoh

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Getting this title isn't easy in terms of cost (I think only the privileged can achieve it). Let's say today you have enough capital to build a company, are you going to waste some money listening to boring business lessons, or are you going to start your company step by step to find out the real business challenges?

Unfortunately, success doesn't look at the educational background. In my environment, there is a businessman who doesn't has a high academic educational background even though he started his company from the bottom alone. But in the end he managed to hire academics.

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There are countless examples of people without an MBA, that started a very successful business. I think the best example might have been people like Bill Gates and Elon Musk. (They hired a lot of MBAs when the business became successful later on) Grin

It takes people with a lot of drive and ambition to learn things on their own to start a successful business, without an MBA, but it is not a requirement to do it. (It just reduces the frustration and the life lessons, when you do it without an MBA) Tongue

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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?

MBA and other colleges degree had value in the past, they don't have valid anymore as anyone can basically get the degree but doesn't mean they understand how to run a business. Master of Business Administration which is the full meaning of MBA is just a title now and holds no value to me because I can get the degree and still not become successful in my business.

It's better I start a business, make it successful and just for the sake of appearing more professional I enroll to get my MBA. Starting a business and making it successfully goes beyond having degrees. Most successful business owners didn't have an MBA.

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It depends on the business you want to set up. Fifty years ago the answer was clearly: start the business. Today, if you know the sector very well, you have a clear idea of what you want to do and you have a certain idea of doing business, you can start, but to scale the business you will probably have to hire people who have MBAs. This is if we are talking about a business as such that can be scaled, if what we are talking about is a small freelance business, as if you open a physical store where you sell things, such as a greengrocer, you would not need it.

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MBA, the three-letter chant that seems to open the gateway to the promised land. Can't ignore its potency, right? The 360-degree view of the business biosphere it provides, the structured roadmap to navigate market tendencies, consumer idiosyncrasies, and the labyrinth of corporate strategy. Yet, let me don my contrarian hat for a moment.

Is this alphabet soup necessarily the secret recipe to entrepreneurship success? Are these post-nominal letters a fail-safe to your startup's victory lap? Well, let's not rush to paint everyone with the same brush. The annals of business have their fair share of victorious entrepreneurs, both MBA crowned and not. Instead of that MBA route, why not dive headfirst into the stormy seas of a startup, learning to sail amidst squalls?

Cutting the long story short, the crossroads decision of either securing an MBA or jumping onto the startup express hinges largely on personal elements - circumstances, risk appetite, and how you ride the learning curve. As the contemporary adage goes, "What's sauce for the goose may not be sauce for the gander."

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So many successful businesses started small and eventually the owners learn the business well which they didn't have any formal business study. MBA are for formality and for business men that wants to start a big business to which they have decades of roadmap.

Small business owner only need the feasibility study proving that the business might posibly work. The study includes strategies from product development, building a system down to marketing.

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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/

I don't believe that you need an MBA to start a business anywhere in the world. But if you have that degree it will be a little easier for you to understand the business landscape which may give you a little edge over the competition. But it's not mandatory. If you look at the majority of the business conglomerates of today's world, their founders didn't need a business administration degree to make them big. So don't think too much about it.

If you want to learn product management, there are multiple certifications available in the market, which you can do at a fraction of the cost of an MBA. That's a good start as well. Then during the course fo time, you will learn things as they come.

adaseb

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Since everybody has an MBA now they are pretty much useless. I know a guy with an MBA and he struggled for years to find work. He had to relocate and started running his fathers company instead. And he also had friends in the same situation as him. There just isn’t enough jobs out there to fill for mba careers.

The only mba degrees that pay well are those from Ivy League schools. You get connections just by going to that school and will land a great career. However they are crazy expensive and you need connections just to get into the school in the first place.

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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?

I prefer the first to the latter having an MBA will give you insight and you will have various concepts on how to make your business prosper, starting a company directly you will be exposed to a lot of trial and error and this is very costly if you have minimal funds and limited resources.

Starting a company is only good if you have a background in running a small business like your family has its own business and you are one of its managers, you can then directly launch your own company and get an MBA when you're planning to expand.

Experience is the best teacher in running a business, but having an MBA is very important and will give insight and knowledge to back up your experience.

Ebede

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This particular platform is the platform that melt away with some people's money last year our last 2 years so I don't think that recommending this platform is also good again everybody knows what they have done to people put people into trouble they are problem also take some people's life so I will not advice from people who don't know about it to invest in it again

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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?

Starting a business well is better than rushing to start to business that will fail. It can also be stressful for you to start a business and start an MBA course, the business can suffer from lack of attention and inexperience. I will choose to get my MBA first before starting a proper business with very good profit. Some people may choose to go ahead with the business but everybody's situation is different, for some people that the business is a like a family trade, something that they've known for a long time from a young age, an MBA may not be necessary.

Quote from: Wiwo on June 05, 2023, 04:11:57 PM

I tried as much as possible to connect this thread with the gambling board and I kind of realize that unless you make some further expeciasion on what you mean and how it relates to this board what will make your thread receive the right attention, if not you will have it deleted since it doesn't meet to the standard of thos board.

MBA is a special degree for business administration. The discussion is about if you will like to get that degree before you start a business, or you start a business first.

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I tried as much as possible to connect this thread with the gambling board and I kind of realize that unless you make some further expeciasion on what you mean and how it relates to this board what will make your thread receive the right attention, if not you will have it deleted since it doesn't meet to the standard of thos board.

alastantiger

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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/

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