When you aspire to be an entrepreneur as a teenager, you come across role models like Steve Jobs, Mark Zuckerberg, Bill Gates and various such world-famous entrepreneurs who changed the world. Well, none of them has an MBA degree and some of them are even college dropouts. There is no denying the fact that you do not require a specific degree to become an entrepreneur, open up a startup, and change the world with your business idea. But the primary goal of education is more knowledge and better application. Therefore, an MBA degree that is directly related to entrepreneurship is not a bad idea instead of having absolutely nothing on your resume. But can a degree exceed experience?

The Unspoken Truth –

Nothing is better than experience in any field and hence, the experience is considered as the biggest asset in a job resume. An experienced entrepreneur is better than a formal MBA entrepreneur. The reason is that entrepreneurship is all about experimenting with ideas, learning from mistakes, and optimize the ways for sustainability and scalability. But when you are talking about whether MBA can make a person a better entrepreneur, it is safe to assume that you are an aspiring entrepreneur and trying to figure out the route to realize your dream without any past experience.

The fact is that all the world famous entrepreneurs who do not have MBA degree, they have the experience to back them up. All the handful of successful entrepreneurs who are role models of every aspiring person, they are just a few among millions of successful entrepreneurs. They experimented, failed, and learned. But the hidden truth is all the big companies they represent as the faces of the organizations, there are multiple MBA guys and girls working in the organization to keep it all together.

How Can an MBA Make Someone a Better Entrepreneur?

When you do not have experience, you must have knowledge. In most of the MBA courses, you get to study historical business cases and understand the success and failure factors, understand business models and financial aspects, various problems, their analysis and possible solutions.

  1. Know Before You Go –

It is always a better idea to know everything before you get started. Just as your business idea requires validation and optimization before hitting the market, you need to have knowledge about all the aspects of entrepreneurship before you can set up a startup and start its operation. The only way to know that in the best possible is through a proper course which is MBA designed to create entrepreneurs. You will understand about customer segments, channels, networks, cost management, resource management, and various such aspects which are instrumental in the success of a business.  You get to know the best business models prevalent, best freelance website to hire resources, best marketing strategies working concurrently and various such important aspects which many will not ponder upon beforehand.

  1. Getting Into The Right Mindset –

MBA is designed to get you into the best mindset to become an entrepreneur. Its course has the framework to bring out the best skills you have to become a successful entrepreneur when you go out and start your own venture. The subjects will help you think differently, see things others cannot see and approach problems in the best possible way. You are more likely to come up with innovative solutions and ideas. You will be able to communicate better, analysis problems and risks accurately, create effective strategies and develop the skills to work in and with a team of any size.

  1. Going Through A Proper Entrepreneurship Framework

Being in an MBA course makes sure you know all the aspects of entrepreneurship from technicalities to practicalities. Starting from different current business models, frameworks, strategies to company building process, resource management, and even marketing skills, MBA comes as a complete package. You get those coveted case studies to gain greater insight into startups, their success and failure factors. You will gain more confidence than ever as you develop all-around skills to start a company from scratch. Most importantly, you will be in a competitive environment of good peers that will boost your inner abilities to do better and big.

  1. Getting The Experience Beforehand

An MBA degree opens up a lot of scope for aspiring entrepreneurship. Existing startups are ready to take them and hence, you are going to get a big platform to test your knowledge in real life by being in a big post for a startup company. You can also experiment and gain confidence that you can do it on your own. This will help you optimize your knowledge, understand real life aspect of handling resources and customers, dealing with real-life problems and risks and coming up with innovative solutions by applying the knowledge you gained. You also get to know the various ways to post freelance jobs to hire quality team members. All of these cannot happen to someone with a technical degree who never makes it to the management of a company.

MBA is the closest to real life entrepreneurship among all the existing courses. If you want to be a better entrepreneur, you need to go for an MBA because it is wise to start your venture with all your weapons rather than going into the battlefield empty-handed. You will have a better chance of succeeding and getting everything technically correct in your startup company.

Avatar