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Old 01-10-2012   #1
davinder33
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Default Entrepreneur vs MBA

Do you need a MBA to be an entrepreneur? DOes it help?

---------- Post added at 09:46 PM ---------- Previous post was at 09:44 PM ----------

I should tell - i am an engineer thinking about a mba.
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Old 03-01-2012   #2
ashimjolly
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Default Re: Entrepreneur vs MBA

An MBA degree can add credibility but a good work experience can probably add more than just credibility since at the end of the day it's execution that is needed !!
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Old 04-05-2012   #3
magnitude101
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Default Re: Entrepreneur vs MBA

Quote:
Originally Posted by davinder33 View Post
Do you need a MBA to be an entrepreneur? DOes it help?

---------- Post added at 09:46 PM ---------- Previous post was at 09:44 PM ----------

I should tell - i am an engineer thinking about a mba.
I would say yes. Through an MBA you get access to a great network of people, can fund-raise, and take advantage of the personal development opportunities. Some Business Schools such as EMLYON in France pride themselves on their entrepreneurial MBA. Their programme and facilities esp. the incubator are worth having a look at.
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Old 04-05-2012   #4
Raghukool
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Default Re: Entrepreneur vs MBA

Absolutely and Definitely NO! It might help you but it won't guarantee you in becoming a successful entrepreneur...
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Old 04-24-2012   #5
harkirat1
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Post Re: Entrepreneur vs MBA

Quote:
Originally Posted by davinder33 View Post
Do you need a MBA to be an entrepreneur? DOes it help?

---------- Post added at 09:46 PM ---------- Previous post was at 09:44 PM ----------

I should tell - i am an engineer thinking about a mba.
I believe Entrepreneurship is the practise to start new organization generally in response to identified opportunities and i believe MBA in entrepreneurship is essential if you have your own enterprises.

It opens your mind- broad strategic out of the box thinking

Helps you understand global market and lets you step out of your comfort zone.

Builds leadership quality and teaches you how to work with a team.

But you need to keep in mind that you always chose the right institute which has pays a special attention on MBA in entrepreneurship or has a specialised course.
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Old 04-25-2012   #6
nivedita2810
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Default Re: Entrepreneur vs MBA

It is certainly not a compulsion to have an MBA degree to be an entrepreneur. In fact most entrepreneurs are the ones who never got any formal education for it. Barring that, there are also many young entrepreneurs budding these days who are very well educated and have a lot of potential. Receiving education in entrepreneurship would acquaint you with various theoretical aspects of it which would help you build and sustain a good business model later.
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Old 04-26-2012   #7
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Default Re: Entrepreneur vs MBA

This has been one of the most debatable topics of all time and certainly most difficult to answer, I attended a seminar sometime back and heard Mr. Rajiv Sinha Dean MYRA School of Business on “Should Entrepreneur have an MBA degree” and was really moved by his thoughts on the same. He said entrepreneurship is about believing yourself and following your heart and identifying new opportunities and growing business is about using brain and creating strategies and to be a complete entrepreneur as a whole you need to have both. If you have an MBA and you aspire to be an entrepreneur that means you are moving in the right direction.
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Old 04-27-2012   #8
shruti.j
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Default Re: Entrepreneur vs MBA

Entrepreneurship as a career option has evolved due to the cut-throat competition and dwindling opportunities in the formal sectors. Any individual who has a dream to do something on their own can seriously consider entrepreneurship as a career option. However, gaining valuable knowledge and learning the skills to start up a venture is as essential as acquiring a formal degree. There are several new institutes that offer entrepreneurship courses of international standards in India itself today, to name a few Mysore Royal Academy and the new IIM Uttrakhand are one of these B-schools. An MBA degree specializing in Entrepreneurship is a great foundation for a successful business venture. Whether you want to set up your own business or enter a business-based career, these MBA programs can prove invaluable as they will equip you with the knowledge and skill you need, along with effective investment plans.
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Old 04-30-2012   #9
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Default Re: Entrepreneur vs MBA

Getting a degree in entrepreneurship builds a person’s confidence and teaches various aspects of business. Moreover as an engineering student, management is a new field for you. It would be better to get acquainted with HR, Marketing, Finance, Operations etc before trying your hand at entrepreneurship. Also interacting with various other classmates would help you understand the concepts much better.
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Old 05-02-2012   #10
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Default Re: Entrepreneur vs MBA

While there is no educational requirement for successful entrepreneurship, an MBA will give you the skills and expertise to move your business ventures forward. Entrepreneurship MBA programs are designed to give students the necessary skills for launching a new business, including: new product marketing, market research, raising capital, and developing new services. Some schools offer specialized programs for students launching new businesses which give students opportunities to network, one such institute is MYRA school of business, it is a new b-school which offers international quality of education in entrepreneurship.
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Old 05-03-2012   #11
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Default Re: Entrepreneur vs MBA

Do you really need an MBA? It’s an age-old business question, one we’ve discussed before and that every expert has weighed in on at least once. The debate over whether an MBA is worth the investment becomes even more heated when the question becomes more specific: do you need an MBA if you want to be an entrepreneur? Yes one needs an MBA to be a successful entrepreneur.
1. Networking opportunities-The right kind of insight or partnership could put you ahead of your competitors and help you avoid mistakes along the way.
2. 2. Legitimacy and shared vocabulary- “Vocabulary” isn’t just a superficial matter; having the right language to express an idea may help you clarify your thoughts
3. Range of skills developed- you can always partner with someone who excels in areas in which you are more deficient, but you should have something to offer, too. Business school will give you time to develop your skills in your area of interest, as well as provide you with an understanding of basic business principles. Also, the depth and range of a business education may give you ideas you simply would not have had otherwise.
4. Venture/business plan contests- you may receive valuable feedback from the judges that helps refine your idea and make it more attractive to potential VCs.
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Old 05-09-2012   #12
Shanas
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Default Re: Entrepreneur vs MBA

I completely agree. I faced the same questions when I decided to get my MBA (recently completed), in parallel with continuing to run my business. I haven’t worked in a job in ages, and don’t plan on starting, but I still see the MBA as having been very valuable to me, in terms of rounding out my knowledge base, and also giving me access to a great support network in the form of my classmates, the faculty, and the school alumni. Not to mention the learning that you get from the experience of others in the program (students and faculty) – I think that’s the real value of the degree.
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Old 05-14-2012   #13
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Default Re: Entrepreneur vs MBA

Entrepreneurs are probably born not taught. Business schools can teach the theory of bringing things to market and so on, but they can't teach that gut thing, that inherent creativity, and drive, that never willing to accept "no" attitude which says 'I'm going to get up tomorrow and sell, because I believe in this product'. But still, MBA programs do give future entrepreneurs valuable tools to help them mitigate risk and increase the probabilities of success.
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Old 05-16-2012   #14
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Default Re: Entrepreneur vs MBA

Are business schools really worth it? Mark Zuckerberg (Facebook), Steve Jobs (Apple), Bill Gates (Microsoft), Sergey Brin & Larry Page (Google) didn’t go to business school. If you want to start companies just do it! A great B-school education won’t guarantee success, but should improve the odds. It will build your business acumen and help you understand the pitfalls and risks on which other businesses have foundered. I believe pursuing MBA at a premier school will definitely add value to someone who has entrepreneurial spirit but lacks more formal analytical skills. With MBA, students learn useful business concepts, create business plans, and acquire finance and marketing tools. MBAs gather information about the environments and markets, and then make decisions based on what they can control within a situation. On the other hand, entrepreneurs approach decisions with the idea that they can control the situation, and they invoke creative decisions and problem-solving techniques in order to maintain their control over a situation. They learn to recognize when their original ideas may need fine tuning or when they might need to take a completely different path to achieve their goals. Thus, I think to become an entrepreneur you just require an entrepreneurial skills rather than a MBA degree.
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Old 05-17-2012   #15
piyushjha
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Default Re: Entrepreneur vs MBA

To be an entrepreneur you don't need a degree but you do need education. Well, what defines education? And who defines education? There are many ways to educate yourself it's just our job to find out the many ways on how to do so. Education can come from many sources; college is just one of the many channels available out there. The problem is not education itself, but the education system that has turned into a business selling students the promise that if you "buy" a degree, you are guaranteed a better job and lifestyle. It is possible to get a degree without an education because the development of the mind is not based on whether you have a degree or not, but on principles and experiences that you acquire throughout your life. Entrepreneurs don't need a college degree to start a business. All they need is a business idea, research, develop skills and network with the right people.
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