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Why MBAs makes the best entrepreneurs?

Consultancy, investment and banking remain prime destinations for MBA graduates, but the numbers going into entrepreneurship have also risen sharply in past years. The FT calculated the first ever rankings of  top MBA programs for entrepreneurship development  prove that  36 percent of MBA alumni have started their business venture during or after graduation. Top business schools are expressing interest in adopting the entrepreneurs to learn before taking the first big step. With a idea of giving the best for the Investment, MBA aims to quench both the monetary as well as esteem needs. Also those who have already tasted the first failure can help  with easy writing to MBA application that makes the counselor immediately tick you into their fold. MBA to the Fore:

  • Overall the trend of start-up have reached at 21 percent in 2015 itself but dropped to 19 per cent in years: 2016 and 2017. E-commerce and fintech sectors are expected to be the new avenues for growth in 2018.
  • Alumni data for  current year proves that the preference for e-commerce sector increased to 6 percent post graduation.
  • Earlier alumni were employed in telecom, consultancy and finance/banking. But the alumni in ecommerce earned salary on the average of $149,000 just after those in plush banking and financing jobs ($154,000).
  • Only 7 percent of all the alumni work in India. This is fifth of the world population of e-commerce workers.
  • Among the MBA aspirants in India, maximum are presently  working in IT sector.
  • B-school is a place for  entrepreneurs to test the idea without battling fear of failure.
  • The entrepreneurs with an MBA degree are already making a change in the world with their ideas. The famous names include: Nike’s Phil Knight, eBays Meg Whitman or Berkshire Warren Buffett.
  • An MBA program teaches you methods to turn good idea into a great business. B-school is also the best incubator for managing the new business.
  • Business school offers the students the chance to refine their models to compete and win when the stakes are much higher.
  • With the mentors helping in searching for the big idea by helping to collaborate and execute visionary challenge.
  • B-school offers the environment to build a solid team or find a partner in the venture. Entrepreneurial success requires advice on various problem areas and what better source of networking than an MBA.
  • An MBA also gives the advantage of interdisciplinary studies which helps overcome the human resource constraints in the initial days. Real-world experiences through cross-campus initiatives and the business community prove to be useful in long term success.
  • B-school teaches ability to transition the idea into a live business. Under the generalist approach to management, an MBA knows the importance of critical resources and can utilise them by usage of algorithms and verifiable results. This helps in controlling cost of the product and maximize customer service.
  • Choosing a business school is important to understand through case method, the causes of success and mistakes of others and chart your own course of action.
  How MBA change fortunes for an entrepreneur?
  • Many MBAS have already started their own successful companies while others engage themselves in non-profit work. The MBA are the people who have the potential of being future business leaders.  Stanford recently reported 16% of its MBAs have taken to launching startups.
  • Focus on getting the best training for doing things right and managing the limited resources is another game changer for the selection process.
  • The focus on understanding the business environment and economic growth is crucial to the cause of success.
  • With the limited resources and maximum profitability motive, an entrepreneur can get the best Return on Investment on the course.
  • The two years of the program make you among the smartest and ambitious people in the world. With risk bearing capabilities, access to research and execution of your ideas, an MBA helps you  learn from mistakes. The MBA has low opportunity cost that helps in reducing instances of the common startup mistakes.
  • MBA help students by providing access to mentors and realising of self goals. Since the mentorship program helps build the network but without an MBA this too can be a difficult task in itself.
  • The decision of opting for an MBA is personal, so it is important to analyze the alternatives to gain insight into the advantage of the course. An MBA helps to  boost career and score a good job if things turn out the worst.
need of MBA: Sometimes people are afraid to join the business boom as they have been too scared to take the risk and lack professional development association. MBA programs help develop the inculcates into business leaders, with a wide decision making approach and preparing for contingency prehand. However, when coupled with the corporate experience, the outcome becomes the best: both for the organization as well as for you. This stint will train you to be a responsible resource handler. The real value of business success comes out of the network and projects that are built rigorous training programs the result of MBA curriculum. Being in center of attention of a good business idea, discussing case studies and meeting experts help in thinking strategically. Understanding the target market, designing marketing goals, customer needs and quality standards are important to long term business development.   Global schools are showing an increasing preference for these budding entrepreneurs. An increasing number of entrepreneurs who have failed in their first attempt are going back to do an MBA, in an aim to help to scale their business. Some of these candidates, who have failed in multiple ventures and have corporate exposure in addition to startup experience can help in scoring admission in best b-school. Being surrounded by best talent and constant contact with their own career helps to have a good solution to the problems that arose out of day to day shift. Going to the right business school opens  door to a global mindset. Networking is the ability to stay connected to global citizens. B-schools were originally designed to educate managers before they get a job in a large organization. Entrepreneurs are also the business dreamers who foresee a gap and find a way to build a business, to fill these gaps. These entrepreneurs are also the business leaders who have changed our business climate with their sheer brilliance.   Most entrepreneurs, work, pay from their own pocket for a to capitalize on the strengths that they possess. As an entrepreneur, prepare to to stretch yourself and work outside the comfort zone. Although, as a future successful entrepreneur, one does not have to have an MBA program under your belt to become successful. However, if you are low on business skills and acumen then an MBA degree can be the most helpful. An MBA program also covers business topics like: finance, leadership, decision-making, organizational change management, and statistics. The degree can identify business tools that allow time for introspection and research. Also the varied MBA curriculum can strengthen your business skills required to building your business from scratch. The Changing work and lifestyle preferences, technology, manpower needs, customer goals are some of the key factors responsible for encouraging people to carve on their own niche. Successful entrepreneurs also need aptitude, mindset, innovation and expertise to tackle business challenges and overcome obstacles. MBA gives you the skill set, growth opportunities and necessary resources to adopt change and drive the company growth.


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