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IS MBA DEGREE IMPORTANT OR NOT FOR ENTREPRENEUR?

Because  a lot of businesses across the country is the cause to  drive robust economy, that’s why the  reason entrepreneurship is definitely something anyone should go ahead with that. Increasing the  success stories of variety of new ventures and boutique company, most of the youngster minds today coming up with new idea that will change the world. This sudden increase in inflow of entrepreneurs, comes a flick of a doubt that will traditional knowledge, training and education be enough to sustain a venture. It have been many stories of start ups  who have flourish in their set up years but have eventually died down, not able to cope with the changing business trends and markets. But there are also many ventures like  which are still running strong with visible growth each year. Now a days a good  number of start ups seems to be on the rise in the past few years with many  cities like delhi, banglore etc having start-ups in every next of the cities. Few feel if the conventional knowledge, graduation and education has got them this far, they are better off without an MBA degree. Even so, others seem thoughtful of a doubt that once a venture is set up, will the knowledge be sufficient to keep the business awash? So Today, we will analyze that is  entrepreneurs really need an MBA or only a myth?   In this cutting edge technology, most of the students looking for a full time MBA which are fresh out of college graduates. Very few entrepreneurs fixed on making a difference in their life and the world. Such entrepreneurs spend  a lot of years to set up a base for their ventures and toiling days after days to make sure they stay overflow . Past years of hard work,  they finally the start up gets some revenue, profits and recognition. So we can  say to that entrepreneur that it is not enough because someone  is not a management graduate and there is nothing more he can do? Of course not. Though we can say  MBA is not needed for a passionate entrepreneur  but he or she has to  know that he/she will have to work twice as hard, be available 24X7, give countless presentations to potential investors and go for  meeting after meetings. New horizons of a  start up are spread till the  moments of its founder’s potential and will. So doing MBA will save your time if doing from a excellent college.   Another  update in the management education section now a days where there are some   ventures like General Assembly, Starter School and Startup  Institute which have many  specialized courses for entrepreneurs. Such a  institutes teach deprived  MBA modules to customize it for entrepreneurs with benefits in background knowledge of market. If we talk about the courses these  are not recognize  but they  teach basics of accounting, market analysis, business skills, web development and coding in the few  weeks which is why there is a swarm of 20 something aspiring entrepreneurs opting for such a course that does not take much time. It clearly indicates that the upcoming  businessmen and women would rather save time and money to get equipped with the tools to run a business than attain a degree. If we talk about An MBA degree that is futile for fee  who knows the ways to get things done and it does not teach you the attitude for business. Coupling  with the six figure income  required to sponsor for  two year program and entrepreneurs are left uninterested for no start up founder will leave his/her startup for so long. For instance think in a different direction. In your mind  if  have all the tools, attitude  and knowledge required to run a business, would it still be useful doing an MBA for the future of the startup. Some experts say it definitely will. Traditional knowledge can be enough to start up a business, an MBA might just be of importance to keep the business growing. And running the everyday operations of a business is what an MBA degree stands for. However, one thing worth noticing is that an MBA degree may lead to end of the start up. This is because the student either settles for a corporate life and joins an existing firm or he pursues a job to earn and learn the ways to start another venture years down the line. It is a cause of concern as it is a contributing factor to the failure of 80-90% start-ups failures. When a candidate comes back from MBA to his/her own start up, the cost of investment is high but the returns are not, which means before going for an MBA you should carefully understand the need of an MBA if any and all the financial requirements for pursuing it. However, if you are inheriting a company, MBA makes it much more easier as the company is already established and you are well equipped with operational and administration skills/tools.  


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