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Getting an MBA (http://www.careeraddict.com/benefits-mba-degree) 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 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.

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.

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 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.

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.

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.

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.

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."

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.

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.

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)  ;D

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)  :P

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.

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.

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.

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.

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.

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.

Getting an MBA is an useless expense and waste of our precious time cause it doesn't gonna give you any guarantee about the business will succeed so it's just an extra degree which can give priority to picked while applying for a job and its the honest reason why most MBA people are doing it, while I have seen some successful entrepreneur or other person who is gradually progressing in their career will go for MBA and gain further knowledge which might open their chances more.

Getting a MBA degree is good but not necessary for starting of your business as they can be started with a good capital and good plan .
Business running requires your management skills and hard work you learn more from your experiences than bookish knowledge .

In my opinion people should choose the straightest path to their goals and deviate as little as possible from it, if someone wants to start a company then that is fine but at the same time you need money for that and as such it is unlikely you will have the money to spend on such program when there are so many other expenses to cover, however this does not mean not learning anything about the business you want to open, the internet and libraries are full of information you can get for free and reach a similar level to the one you could get with those courses at no cost for yourself.

Being forced to read and learn in order to expand knowledge is a silly reason to pursue an MBA. Those who have the degree certainly are apart from those who do not, but essentially, experience outweighs education. Your reasoning to conduct research also does not require an MBA degree, and it does not specifically need that path of education to understand the framework of business.

Anyway, my main point is to read and learn things unwillingly and needing external forces, suppose to thrive a degree, is a sign of ignorance and laziness.

This is dependent on the situation at the time. Instead of getting an MBA, I would have preferred to establish my own business. You indicated in your post how expensive it could be to acquire an MBA; therefore, I should focus on my firm and make some decent money that will help me later in my MBA studies.

Another reason I'd like to acquire an MBA first before establishing a business is the wealth of experience, knowledge, and expertise I'd gain in school. But what's the sense of beginning a school that you won't be able to fund till the end when you could have used that money to start a firm that, if all goes well, will make a lot of money in a few years than you would have spent a lot more of that time in school.

An MBA can assist create the leadership abilities required to succeed in these areas for those who plan to work in a managerial role, with financial institutions, or with entrepreneurship, but company or personal success does not always correspond to having achieved excellence in academics or holding an MBA. Some millionaires and outstanding tycoons never completed higher school, let alone an MBA.

MBA will give the theoretical learning about the managerial role. Only through experience he/she will make a better suited to the position. As said to have a standard development to the business or company the MBA adds value, if not we need to hire someone for the position and make things happen under their control. The educated strategies work based on the previous results where the experience based system function on assumptions.

You don't actually need an MBA to start a company. MBA is just a way to gain more knowledge.

You can learn everything you need online pretty fast, without wasting too much time getting MBA.
And you probably know that the best way to become good in business is to DO business. This experience will be WAY more valuable that any MBA.

If I already work in a company and get to pursue an MBA, I will do it, especially if getting an MBA will be funded by the company. And usually, the company will reward employees who excel and maybe provide opportunities for employees to get an MBA.

But if I weren't already working in a company, I probably wouldn't pursue that MBA because it costs so much. Besides that, we can get more useful knowledge from the Internet. A degree is not everything. There are still many companies willing to accept employees who want to work and the company will appreciate people who want to try.

But some people want to pursue an MBA before getting a job because they think the competition is getting tougher these days and having more degrees than everyone else gives them more opportunities to apply for jobs. Well, people's thoughts about educational degrees are still very high and there are still many who only look at higher educational degrees compared to those who are self-taught.

But if it's about starting a company, we don't need to pursue an MBA because what a business owner needs is how he can better manage his business and grow it.

Yes exactly for starting a new company you need a good capital , a good plan and hardworking professional who can bring you business up . MBA degree is just for your knowledge but these business skills you learn from interacting with people and experiencing different strategies.

Keep in mind that everything requires knowledge and the way to go about it depends on each, whether formal or non-formal, so everything will have different results according to the portion of one's dexterity in running a business or job. In education, one has to study for years up to the tertiary level to have the desired degree. Because the performance system in the country refers to formal licensed certification recognized by law, a degree is required. But now when the internet and knowledge pathways are easily accessible, we certainly get an easier way as long as there is high intention and will. But that alone is not enough if you enter a company that demands job acceptance with certain conditions and a formal degree.

It is better to always build a strong foundation before starting something especially a business or a company. I am one of those people who prefer getting a degree or atleast knowledge of what they want to achieve. First of all, things would be efficient from planning to actualization. It would also result to less mistakes during process. Indeed there are successful businessmen who did not go to college but we don't have the same fate so atleast establish something on your end to start on your own.How would you utilize the experience then? That is partly correct. Experiences teach the best lessons in life but not all the time. Why would education be created if it is not necessary? Capital and such is a given necessity ofcourse. Think of how many people have tried doing their business but not all succeeded.

I will start my business first before thinking of getting MBA,and that is if my business is not flourishing,but if my business is progressing,am sorry I don't need any MBA because I will see it as a waste of time. There are some persons who went to apprenticeship,and after having all the knowledge about that particular business,he went to establish his own business. This person will do well and progress in his business compared to someone who only learnt MBA and started his business,because he doesn't have any experience about such business. Only theory can't teach us on how to know a business challenge and wouldn't emphasize on the unforseen challenges that one can encounter in his business. Experience in such field of business will teach more on how to prepare and tackle some unforseen circumstances surrounding a business. I know someone that studied MBA that is a poor businessman because his business failed.

I think everyone will agree that knowledge is power. I will choose to pursue first MBA before I start my own company because I don’t background on business management. This is a case to case basis because some people already have a working experience on business even without MBA. It’s either their family run a business or they work on a company which experience teach him already how to manage business.

But as a person with zero knowledge and background. Pursuing MBA is the right path to follow not only to equipped knowledge for the business management but also to have a good background on your portfolio so that your employees will recognize your skills.

Advantage of taking an MBA is that it necessitates significant reading and studying, which aids in the extension of knowledge in numerous business fields. It is important to recognize that start-ups encounter several hurdles and have a high failure rate. The absence of a firm basis in understanding business principles and doing independent research is one element that contributed to this failure. An MBA program teaches students how to collect and analyze data, allowing them to make more informed decisions and increase their chances of success.

You don't actually need an MBA degree to start a company, it won't teach you how to run company, believe me, you have to understand the business, how businesses work in life, how people start businesses, how they succeed, how they hire candidates and so on. MBA just gives you a theoretical knowledge that is far from actual practical one and real life is full of different experiences and things don't go or don't look as well as they are written on paper when you study.

Have a look at Floyd Mayweather, Conor Mcgregor, yes, they are athletes who dedicate their life to sport instead of education but they make tons of money and have very successful businesses. Don't get me wrong, I don't humiliate them, I just want to prove some people that MBA doesn't matter because a lot of "uneducated" people manage businesses better than the guys who finish their MBA in Harvard.

In my (very limited) experience the skills that people are taught in higher education are often very different than the skills needed in the workplace. Sometimes people who have been in education for a few years have a hard time adapting to the realities of the workplace and might be unprepared to put their education into good use. They sometimes need a lot more nurturing and adjustment time than someone who has been actively learning in the workplace through the same amount of years. The education is definitively a good thing and may teach them advanced skills but the workplace can be a wildly different set of environments.

I think that an MBA will not necessarily help build a good business, and it will certainly postpone the plans for the time of education, so unless a person feels a strong need for academic background before implementing a business idea, I don't think it's needed. One can do online courses, read books and watch videos on specific topics of interest, as well as hire someone who'll help with the biggest gaps. How business is done can also vary a lot depending on a country, it's legislation as well as unspoken rules that exist among the people in the area, and those aren't things one will learn by getting an MBA.

Talent is not enough, hardwork is also needed but for that hardwork to work, there has to be talent already present therefore if we want to start a business, we should first make sure we have what it takes to run a success business in us before we start and one way of getting that is by studying for it. Not everyone that's successful today got there because of the talent they have, some people learnt how to become successful.

If we want to study for our MBA then we should do so because we can get success from there too but we shouldn't depend on it thinking that if we get a MBA then we'll be good with managing or starting our own business or company, it doesn't work that way.

Yes, in some businesses or places of work here someone with MBA wanted to be hired, her academic holding won't be used to judge her performance and it's her previous result and working experience that will be used.
I think the MBA is just for the expansion of the professional system with job opportunity, improve in good communication skill and awareness.

Must successful businesses are not run by high certificate holders indeed but then being certified in a particular field gives you an insight into the theoretical framework for the business and how to administer the day to day running of the company and thos could result into whether or not the company succeed or not.

But to guarantee success of a business, the owner needs to have a long-term experience in the business in other to effectively manage the business and place it on track for success.

The certificate is only an additional confirmation of the level of knowledge (if it is not acquired on the black market). But, again, it is one thing to have a certificate, and another thing to successfully apply knowledge in practice. Very often the reality is different from what is taught in the institutes. When a person comes to work (for example, on a construction site), he is honestly told to forget what he was taught at the institute. The same applies to certificates

Having a certificate is a big addition to your success in business but that doesn't mean that we don't have other successful businesses that are operated by uncertified individuals but with long term practical practices and experiences that have helped to enhance their success tendency and this have helped them to be able to succeed in business.
But also the date and number of success uncertified CEOs ars few compared to other businesses ruined buy NBA's holders or other business degrees.

The Master Degree in the Management is essential to improve the Management skills.Learning is essential one before to the practical knowledge of Management.This apply to the field of crypto currency too.After getting good knowledge in the management,one can start their own business to earn more money.They also join the corporate to earn huge in the short period of time,the business skills need to start the business.

Yes in some companies it will be a very helpful degree and you will land a higher position for  being a manager but I think having an experience is good as well not only having a MBA, some companies prefer a well seasoned person as well in his chosen career. MBA is a plus, but for me I will not take it but rather add some additional skills for myself.

It's less about the degree itself that makes you a better business person and more about the act of gaining knowledge and experience as you get that MBA that matters. So with that being said, Anything that gives you the same amount, maybe even more of the experience and knowledge bases will definitely make you better at something. In this case being a businessman. I don't agree with some of the points that the article you linked provided such as the notion that getting an MBA makes you employable, because let's face it, A. You don't wanna get employed if you get a Business Degree, and B. The world is progressing to a more open and just society nowadays, so opportunities are being opened for everyone, even those who didn't their degree. There's truth in getting important networks and connections as well as the fact that it makes your promotion a little quicker than others but that too is still up for debate.

The certificate is just additional paper to gain credibility in your field. However, the actual work is quite different.
Just do take note that a lot of successful businessmen are drop-outs. But for sure, they gained experiences thru time and they studied on their own about their field of industry.
Thus, it is a continuous effort to learn everyday about their craft. It is not just by holding certificate that can guarantee you have the edge on your field.
So either you have your MBA or not before you start your own company, for me, is not a big factor to attain success.
But your perseverance to educate yourself on what needs to be done to get ahead of your competitors. And you can learn that as you go thru your journey in any business you want to get involve with.

Getting an MBA is an advantage being a founder of a startup company. But I know company and business owners that don't even get to have that degree. But the difference is, I have also seen good founders that eventually get to learn and study and wanting to take this degree. I think the matter isn't just about learning what's with the course but also more about having more network. So, no matter what a person has if he's got a company, it doesn't matter whether you start it without having that MBA or having that. Because you're free to start it and if you've got an experience and knowledge on how it should go, you know what's best for your business.

Working for someone in the field before starting a company beats both of those options. I have always said that you can't pay to learn how the business runs as well as being an employee in that business, its just so much better. Hell even working in a Mcdonalds prepares you better than just directly starting a cafe, sure there is not that much similar stuff between them but directly doing it is even worse. Which is why I believe that we should be looking into how we could find a job in the field before we start it. After you start working for a company, spend some time there, become as high position employee as you possibly can while saving money for your own business, and when you feel like you are ready and have the money for it (at least a few years) then you would be a lot better when you first start.

The idea that some CEOs do not have MBA confuses those who plans to do so without realizing how important it is to be successful. Indeed there are some peole who made it to the top without a solid educational background or foundation but as we all know, we have different fate and are going different circumstances. Perhaps with experience, those who succeeded without MBA might have experienced working before which gave them the idea. So if you don't have the experience, what would you be having to give you a start?

I do view a degree as the least I can get as an individual. If I fail with my business plans I can still work in a company as an employee with my degree than to start at the lowest position. It is quite setting milestones for yourself.

The success of the project can be viewed as a matter of background preparation first, I have not given much thought to the degree experience. Since many will argue that theory has neither practical experience nor problem solving, and re-questioning success, I find that most of us see success coming to companies, but I know that in order to have success, they also have to go through many different failures until they are recognized. So some pretty small problems in the development process reach the success of the idea, I understand that the practical lesson here is very important.

I believe someone should only start a business that they understand pretty well even if they haven't studied business management or learned formally about that business before starting it. You can find millions of people in the world who are running businesses successfully without having any formal education that is directly related to businesses or the business they are doing, and the reason for that is simply because they knew what they are doing.

If you can afford it and have the time for it, you should obviously go for it, but if you only have the budget for your business and also have some knowledge and experience about it without formal education, you should simply go ahead with the business and work hard on it, it will succeed for sure.

It depends on the size of the company and whether it is intended to grow. If we are talking about a small company, let's say someone who sells windows in a village, and has no intention of growing beyond the village, no. If we are talking about a small company, let's say someone who sells windows in a village, and has no intention of growing beyond the village, no. For larger businesses or businesses that are intended to grow as much as possible, as in the case of windows, that if they do well they will open another shop in the next town and if they do well they will continue to grow, I think it would be better to do an MBA or hire someone who has one.

Actually getting an MBA is great because it gives people three big things:
1. Excellent education and knowledge.
2. Friendly relations with talented and also great people.
3. A piece of paper (MBA diploma).
and to get an MBA is not cheap because it takes a lot of money to get it, but in most jobs with an MBA it is very difficult to find a job that is appropriate and commensurate with the MBA level.
and for business it can be said that it is easy to advance their business because of very good and great relationships that can be relied upon to be able to help or cooperate in advancing their business, but all that must be done with effort and hard work apart from having high knowledge. And if there is no effort and hard work then the business will not run, and the most important thing is that you have to really master business related management. So I think it all depends on the person and also the relationship, hard work, willingness to try because all of that will be a very valuable experience, and will bring success in the future.

And that's how good they are without going through the essential education of being an entrepreneur and yet they've become successful with the business that they've established and for most, it's not just even a business but businesses.

That's okay, there are people that are for leadership, for business and their own careers. I know that most of those that are CEOs today came from the bottom of being an employed and being shouted by their bossess so that's part of their progress and used that as an inspiration of what they've become now.

I get what you are telling there. Many of us go to school and there hard lesson like for example in mathematics but when we graduate or get a job, those complex mathematics are not being used anymore. What's funny is that we only need the simple one such as addition and multiplication.

Experience in the workplace beats people who spend most of their time studying but it's normal if they are newly hired. They can still be trained and maybe can become a better employee later on because they already have an advantage and that is their vast knowledge that they learn in courses. It's important to pick a job according to the course you get so that you can relate to it easily.

Regardless, additional knowledge aside from personal experience is beneficial when one is to start a business.  Having and advance theoretical/practical knowledge about the business we are planning to start up make it easier for us to establish everything.  Although I agree that personal experience is one of the best teachers, I cannot ignore the fact that formal education teaches things that is also very essential in managing and building our business.  It enables us to formulate different plans and simulation since formal learning enables us to gain much more understanding of the business we are aiming to create.

Those degree you got from universities sometimes important to own and sometimes not. Nowadays the knowledge and information pretty much easy to find , as long as you have the super high desire to chase what you want ... you won't see any obstacles as a problem to start something , to start a business.

Iy would always back to ourselves, will you do anything to achieve what you want in no matter ways? An MBA degree doesn't necessarily needed if you think you are in trouble to think how much money required to get into university but if you think it's woth the money and the time , then do it , there is always a way! pro tips : just do it and you will gain experience , make mistakes as you will gain more experience plus knowledge from that.

Not a necessary qualification for building a successful company. The most important thing that's needed for one to run a successful company is Talents(gifts, abilities, ideas, etc), Passion and Guidance from someone/people with similar abilities who have successfully build their own businesses ethically/morally.

The easiest way to ruin a talented mind is let them go through programs set by dumb people or those with unrelated abilities who typically fill large books with nonsense that takes years instead of months to go through. Better to spend that time as an apprentice under a qualified company

Exactly, how many times have we heard of college graduates complaining that what they learned at school is completely useless and they have to learn what they need on their job, and an MBA is pretty much the same, if someone wants to start a business then this is something they need to do without any delay, as they can learn all what they need while doing it or they can hire someone which knows how to do that already and save themselves the effort to do it.

I suggest that experience is often of great value in the business world, and the practical knowledge gained through actual involvement in business can be crucial to success. There are indeed many successful entrepreneurs who have achieved great things without formal business education. Either way, learning is important. Yes, while an MBA can provide a structured and comprehensive business education, everyone has a different way of succeeding, so an MBA is not the only path. best to acquire business knowledge or business skills.

Agreed, but I don't think we should have to discredit the current education/college system as a whole or to even generalize it. Some educational background truly helps them to build the foundation of the theoretical subject, on another hand, I do apprehend there might be some subjects that did not fulfil the students' needs in a work environment.

Having an MBA degree is absolutely not a prerequisite to starting a business. A prominent figure like Musk is also widely known to discourage that degree. In the end, business success involves many variables and factors, and the owner's degree is surely not significant in most scenarios.

MBA's are losing value, among other college degrees, for the fact that educational institutions are becoming diploma mills and offering these degrees to anyone who wants to pay for it. The internet doesn't require you have a degree for anything, experience matters.

Save yourself the costs and political indoctrination most universities made you endure, skip the degree and enter the labor market.

Well, starting a company requires a lot of knowledge, of which the most important is how to employ your staff, how to outsmart your competitors, and how to manage your finances very well. I believe
Someone who has not really gotten a well-grounded knowledge as an MBA cannot grow a successful company because it's all that knowledge you gain from the course that will prepare you to cross all the hurdles of growing a company because there are going to be challenges and how fast you manage them will determine the success rate of your company. It can take someone about two or four years to build their company, but just one bad reputation can destroy the company, and those are the things one must learn in MBA courses and other business courses. So, I had better learn first than risk it.

Cheers 🥂, Dr.Bitcoin_Strange 👺👺

This is a rather broad issue when looking at the problem of success, does the success of a certain corporation have to originate from individuals? I believe the answer here will be both yes and no. Learning and applying them in work are always linked together and should not be separated, when theory will not lead us to results immediately without experience in application, and application without Having a background in knowledge would also be a big risk. So, as I said before, having knowledge does not necessarily lead to success, when the truth shows me that companies with a foothold like today have failed many times, so the Individuals here should see a small way and the bigger problem to lead to success is much more complicated.

It actually depends on every individual and their mindset whether a degree will be needed for them or not for running a certain business no matter what the business is. Some people actually learn the things necessary to run a business from their elders who are already running businesses and these kinds of people don't need a degree to run a business successfully because they already know the rules and regulations.

There are some people who know nothing about how things work and how a business can be run if they don't get formal education about it, such people will surely need to get a certain degree to be able to run a business successfully as they lack the basic abilities to do that.

It depends on anyone choice and each person has it's own way.

Your brother getting an MBA, then starting a company and in the next 2 years, the company become big and your brother are successful. Maybe you want to follow your brother success way, you getting an MBA in order to success starting a company, but when you have start a company, it's not successful and your company went bankrupt.

Education isn't the only reason someone can become successful.

Degrees vary on their usefulness, there are some that are very useful or even critical, for example who would want that someone could perform a surgery just because they watched a few youtube videos? For doctors to do their job we need an extensive program that trains them to the best of our ability, however there are other degrees which have limited usefulness or are outright useless, and a MBA on business has limited applications as each business model is different and students will never get to experience real market conditions while they try to get it.

All the CEOs I know that have run successful companies didn't start out with an MBA. As a matter of fact MBAs require that you have some years of experience in the field of work. It is important because most of the things you will learn why getting an MBA will be stuff that are relatable to you field of work. For you to be able to contribute to the discussion you will need to draw case studies from your companies. Besides, I think MBA makes CEOs smarter and enable to create an enduring organization.

Well I think it is nice to have a MBA but it is not really so important. If you are going to start your own company you will be the boss so what your education is your customers will not know. And I do not think they will care.

I have seen cost for a MBA is $60k. That is a lot of money for something you do not need. Maybe if you have lot of extra money and time you can get it. I would just put this money towards the company you are starting.

Well, from your statement above gave birth to 2 options. The first. If one looks at it from the Basic Entrepreneurial Mindset Starting a company often requires a unique mindset characterized by risk taking, creativity and problem solving. Some might argue that MBA programs focus more on established business models to deal with the uncertainties and challenges of building new ventures.

Secondly Some people also argue that pursuing an MBA may not be necessary for every entrepreneur on the grounds that successful entrepreneurship is built on passion, perseverance, and a strong focus on execution in fact many successful entrepreneurs have achieved their goals without an MBA, relying instead on them. . experience. self-education, self-education, and a willingness to learn through trial and error.

Well, I think it's a simple matter of course. The decision to pursue an MBA before starting a company or directly starting a company depends on a variety of factors, including individual circumstances, personal goals, financial resources, and desired entrepreneurial journey.

I think its nearly %100 unnecessary if you are intelligent and hardworking person and have some coworkers or friends that will help you in starting business adventure. But even if its unnecessary its valuable. Things you will learn through mba must be important because many people love to mba. Also having completed mba makes very flexible. Even if your businesses fail, you will have great education in your cv that will help you find better jobs. Or just fix your company.

MBA is an advantage but won't guarantee your success in business. Also, there are small businesses that becomes successful even without getting an MBA. A business owner can learn more about starting up a business and how to make it grow, even without the need of having an MBA. It will still depends on how these owners handle their businesses. Being persistent, hard working, innovative, and smart are some of the characteristics that helps in making your business successful. Opportunities and luck plays a factor in success too.

For most small and medium sized business, which make the majority of the business out there an MBA is completely unnecessary, those people need to concentrate way more on getting the raw products they need for their business to work at a good price, put their business at a good location, offer a good service and learn how to pay their taxes, activities that while critical do not really require a formal education, with the exception of paying your taxes but for that you can hire an accountant and be done with it.

It may look unnecessary if you've got them but there will be a point of them that it's going to be seen the worth of it.

That's right, it is one thing if you ever want to get out of business and you think that making your own company isn't for you. You'll still have good record for yourself that you've finished a degree and an MBA.

And maybe you're for the other company that you'll help them to grow. But we like it more if we're doing it on our own, it's also seasonal if you notice that it's not yet for you.

The distinction you've crafted between the systematic wisdom of an MBA and the empirical learning path unveils deeper inquiries regarding the essence of knowledge. Is wisdom stronger when gathered in an institutionalized context or when gleaned through practical experience? Yes, an MBA offers a sturdy frame of theories and models. However, the crux lies in their practical application in a fluctuating entrepreneurial landscape where several factors remain unpredictable.

On the other hand, firsthand experience encourages an immediate grasp of business dynamics, fostering resilience, flexibility, and an aptitude to learn from setbacks. Yet, the lack of a robust theoretical base may hinder strategic outlook and decision-making prowess. Hence, the crucial issue is not to choose the superior path but to discern which method best enriches one's skill set, aligns with future aims, and fits present conditions.

You can start a business without having any degree at all, because your success will always depend on your hard work and perseverance and not with your education especially in real life. You can have your business first and focus on that, it you already master it and really want to pursue a higher education then that is the best time for you to have it. Experience is still teaches a great lesson, so I’ll prefer this first.

The straightest path is always the fastest when it comes to reaching our goals, a MBA may seem to make sense on the minds of many people, but there are simply too many things that you cannot learn by reading books, at some point you need to get up from the couch and begin to take action, so anyone that wants to start a business needs to stop giving excuses and simply do it, as even if they fail they will learn valuable lessons which will help them the next time they actually try to reach their goals.

Basically, MBA is an addition to your knowledge and it provides you with ideas about how you can run a business successfully and how to use different tools and techniques to grow a business, but, as you said, if someone already has some experience and basic knowledge about how a business can be run, they don't necessarily need to do it if you have trust and confidence in yourself that you can run your business successfully without that degree.

That being said, I personally think one should go for it if they know that they have enough time, they do not have the urgency of starting the business very soon and they can manage giving time to their studies, and if they can afford it since it obviously costs some money to do MBA.

Learn by experience because that is the best teacher for us; we learn from our mistakes, which teach us not to do it again. Even for myself, I do prefer starting a company and learning along the way, but for sure, it will cross my path to get an MBA when the company really needs to upskill because you need to learn more, but if you are just starting out, it would be best if you started the business rather than going to school, which takes more years, and you have knowledge on it, but that doesn't mean you can run your company well now.

In my opinion people have been conditioned to think that they need to go school in order to learn any kind of skill and this is a lie, after all now thanks to the internet a great deal of knowledge is available to us that was not available on the past, so you can learn a great deal from others and save yourself a lot of time, energy and money and set a successful business, but for that you need to take action and do so now, later on if you really think you need it you could get a MBA if you want.

if your starting your own business.. self employed no need for an MBA
but if you want to start a corporation which requires alot of staff and decision making and teams like a HR, PR, and other departments ..then yes get an MBA

Higher education is pushed on a lot of youngsters these days but the reality is that not everyone can or should be academically gifted. There are plenty of other roles in society where a medium level of education is completely sufficient, or they would be better served learning a trade skill instead - whether that is electrician, plumbing, mechanic, or many others. Everything in the media tries to teach you that you are unsuccessful if you go to university and that's definitely a poor portrayal. With the advent of the internet it's never been easier for people to pursue entrepreneurial activities with things like reselling online, or many thousands of jobs that exist. The price of university also seems obscene and it can be a huge burden especially on young minds.

A degree means nothing if you are not learning anything. I have seen many people have this degree yet they are unemployed. Gaining knowledge is always the best option in one's life. But it is not always necessary that it will only come through getting an MBA degree. The eagerness of learning new things will push you to pursue more knowledge. I think the experience will give you more advantages than getting a degree to start a business. You can gain all the knowledge you want, but if it's not applied in the field, it will have less value. On-hand experience will make you successful. I am not saying that it is not important to get a degree. It does give you an advantage. But if you can do something better rather than giving time to achieve that degree, then you should choose the first one. I have some friends who do not have higher degrees, yet they are successful in opening their own businesses and still doing great.

Getting an MBA is not necessary to start a business, but depends on what type of business you want to start, getting MBA could give much advantage. If your business is something that doesn't need a technical skill and it can be started at a micro level, then getting an MBA before starting it would be a waste of time, you can start the business now while getting the MBA later if you think you needed to make the business more advance.

On the other hand if your business need a sophisticated technical skill, and it means nothing if you don't make it big, then getting MBA will give you much benefit. You will definitely have better understanding of the required skill, and with a degree you will get more trust from your business partner and maybe investors.

Not necessarily having an MBA can make your business successful. MBA could be a plus factor and additional knowledge for you in some aspects. Success of a business would depend on your marketing strategies and how well you know the business. Another thing that you should know the needs of your clients and customers to be able to quantify what support needed to be able to gain their trust and loyalty on your products. There are MBA and Doctorate degree holders but they did not use it to run a business and even if they used it they also fail. To be able to be successful in a business you must have a good marketing strategy, make sure you know your products well and you know how to sell it, know customer needs, being considerate to your staffs / sales force motivate them for them in return they will give their 110% to work on your business. And also proper compliance to the government in example paying taxes on time, getting the proper licenses to be able to operate legally, etc.   

Having one would be better but its not something compulsory or needed if you do really have the knowledge on how to handle your business or on how you would be running it. It would really be just that normal for

a certain individual would really be making that sufficient research in regarding on the business that they would tend to do because it would be no sense that you would really be making a business without having that proper preparation or analysis into it because you would really be just basically be wasting up your capital if you have done so. Starting a business or investment is never been that simple on which there are lots of factors which you would really be needing to study or would really be needing learnt up and the rest would really be adding up on real experience.

 Marketing does really play a big role on companies or business success but of course it would be overall boils down on the product or services that you are really that offering
whether it would really be getting much demand or not.

That could be true as universities nowadays are already accepting under the table payments in exchange for an MBA certificate or diploma. So the purpose of enrolling yourself into an MBA program will not be totally as worthy and beneficial just like before and it would only be a waste of money and effort in the end. That’s the reason why most newbies quickly start their business once they gained sufficient amount of capital and prior knowledge on how the business will work. I guess with proper management and determination on your goal, your business will still be successful even without engaging yourself in an MBA course. Experience is still the best teacher.

without a strong foundation it will be difficult to build a start up and an MBA is a good foundation for someone to start a company, maybe there are some people who without an MBA are able to make their company grow big, but can everyone do that? there is nothing wrong with starting a business directly without an MBA, but the struggle required is very heavy, even management knowledge is mandatory to master. My senior kept telling me not to be hasty in starting something, first strengthen the foundation and mentally.

Well, your success isn't dependent on what you've done in the past and what you are doing right now, it's not even subject to what degrees you have and what knowledge you've acquired, it simply comes when the time is right and when you have done the right things at the right time, otherwise, no matter how hard you work or how many degrees of high level you have, you are not guaranteed to get success at all, it's just a matter of time.

You can see a lot of successful people who have not completed even a high school degree, they haven't even graduated, but they are successful and earning a fortune for themselves and for their generations to come. Similarly, you can also find people who have degrees that actually matter to the world but they are not successful, they might even be struggling to find a job to earn a living.

I think the best advantage of an MBA is that it gives you branding and also gives you a lot of contacts. It gives you contacts that you can cherish forever in your business. It gives you that personal branding which can be very helpful while raising funding for your own business. So I would always say it's better to go for an MBA and then start your business it gives you a much wider set of opportunities than just doing business straight away.

But that does not mean you should stop acquiring knowledge and also trying out every opportunity that life gives you. If you just wait for the right time to come, it will never come. You have to go out and seek for that right time. You are talking about successful people, you only see their success but not the struggle they have been through to get that. If one has never acquired any knowledge throughout his entire life, how is he going to do anything to become successful?
Knowledge holds a higher value in our life. But degrees do not have the same value. One with many degrees could still be unsuccessful and have less knowledge compared to the one who has experience. We need to keep trying and not just wait for the right time. Because we don't know when it will come and through what.

I would rather start a company before going for an MBA, because if the plan is clear and well articulated on paper, with how to proceed with the implementation of the business idea, what need would an MBA be if not just to teach me how to keep the business from failing and helping me make reasonable long term investment into other areas should the need arise.

If perhaps the idea is still foggy and I know I want to launch my own company big and perhaps trade its stocks on the Forex market, I would need to save the time of doing a personal research and paying more than necessary to brokers.
An MBA could be one way to strengthen the mind to proceed with the business and go corporate with the right documents to acquire and right persons to meet. MBA will teach one how to own and manage a company.

For me, that’s not very important these days as your success will not matter anymore on your degree and achievements but most likely from your experience. Knowledge is power but know that experience will matter the most. Regardless if you are a newbie or not in a business, the fact that you have related experiences in managing a business, then for me that is very vital for your upcoming success. Also, not just experience but you should also take in high consideration the business location. If there’ll be less consumers in that area, then your business will never achieve its target sales, hence making your business insufficient to provide active and big sales.

It’s actually a real talk. Getting MBA is not just a degree to be taken but also it’s becoming a business for some universities. As long as there will be someone who’s willing to pay, then rest assured that you will have that diploma fast and clear. That’s why I don’t think having an MBA will greatly matter. If you know your own capabilities in that field, then you should take some due diligence to learn more and improve your knowledge and skills more. And with experience, that will pave way for a successful business in the future.

Having your own company is a real world already and if you have the means to start having your own business the better. Education can wait, but the learning that you can get from the actual business is something that you cannot learn in school. Having an MBA is not an advantage as well since your customer will not look to that title, they will look about your company itself. So start having your own business and learn along the way, there should be no pressure and rush at all.

I agree that getting an experience on the planned business is the best thing if the goal is just a single proprietorship.  Having the knowledge of a business and personal experience on how it operates is a must.  MBA does not teach that instead it was created for a more complex form of business establishment like corporation.  So if a person planned to just setup a simple business then it is better to have a personal experience than MBA.

Start-ups from people having MBA degree fail and the ones from not having it succeed. I don't personally think degree matters that much. Read and learn can be done anywhere as long as you are curious about the subject.

But without a strong foundation or a strong knowledge, I don't think it's easy for one to handle an MBA course. Another requirement would be money and we know that not many are fortunate to have that both, which is why they will just start their business immediately with only minimal knowledge and money on their head and hand. They can still be successful if they get lucky but if they fail, they can still learn from it and try again.

I too believe that not all who have an MBA course are successful on their business. Sometimes knowledge is not enough but other traits are necessary too. Skills for example and then passion for the thing that interests us.

I think getting that degree is more important If you're shooting for a jumpstart on your career as an employee for an already established company. It gives you that leverage you need to stand out as you said and become remarkable against the competition. In other cases, like when setting up your own enterprise, the knowledge itself is beneficial but your degree's not gonna help you that much. But still, if you're trying to start out a business and you don't have a capital yet I suggest you actually go get that degree and find yourself a well-paying job that will help you raise funds for that business you're looking to build. That way you're not only setting your business, but you're readying yourself for everything that you may need preparation for by acquiring experience and first-hand knowledge of what goes on in a business.

It’s good to get an MBA prior to business investing and managing. However, that will never guarantee its success as the best key to success is through experience that will hone your skills and strategies to make your business work and successful. One thing that even if you are the most knowledgeable on the said business, you will never be reliable enough to bring success to your business, as knowledge alone becomes futile without application and it’s mastery.

You will also build connections when you finish your MBA, it will be good to have a good connections especially if you want to export your products or you want to have an office internationally. You will also create connections by taking MBA not only knowledge and concepts but it will enhance your confidence and social engagement , sometimes you will find your future business partner as well.

There is no guaranteed about anything just because of this going through with your own priority is much better because if you have no money for MBA then you still can start your business with low amount and the go through at the highs of success and surely then still you have chance for the MBA which will increase your knowledge and other techniques about this all, and you can do much better.
But if you have money then surely you have to do with your study first because this is also key for the success and surely after this if you will start your business then in case of failure you can do another attempt as you have sources for this, but this opportunity is never been for all because study is going to be hard for many in few countries.

It definitely doesn't mean one should stop acquiring knowledge, but knowledge isn't subject to having a degree, you can be knowledgeable about a particular subject without having a degree in it, and you might not have enough knowledge about it even if you have a degree in it. So gaining knowledge and getting a degree are two different things. A lot of people learn a lot of things even if they don't get formal education, does that mean they are not knowledgeable?

So the point is, that your success isn't dependent on how many degrees you have or how much formal education you have in your life, it all depends on your knowledge and experience and doing the right things in the right way and at the right time, that is how you can get success in life.

Depends on what kind of person you are:
1. One who wants others to work for him.
2. One who wants to work for others.

Even if you want to start a corporation, you don't need to get an MBA, you need to hire those who have an MBA but there is a one thing where an MBA can shine. If you come from a background where you have never been in touch with rich and powerful people, it will help you to get some connections if you study in a good university and have an extraordinarily good social skills. Or MBA can help you if you want to get PR or citizenship of other country.

Furthermore, it can motivate and enhance our leadership skills so we can manage the business professionally as we are exposed to trainings and different behavior management that could create high potentials for the business to succeed. That’s why if given the chance to take MBA, that could be a great advantage especially for beginners as that could increase the success rate of a business.

Experience matters more than any masteral degree as it will expose yourself on the real business scenario and help you develop your skills and strategies to use in sustaining the growth of business. That’s the reason why newbies mostly fail in running a business because they only have knowledge but no enough experience  which is really and utmost important in managing a business. And those who succeed are mostly those who have gained sufficient knowledge and life changing experiences and when both combined, the result will be exceptional profitability of the business being managed.

What if I am the type of person who doesn't like to work with anyone and just want to be solo? I currently have something like that give or take, of course I have a boss that pays me once a month, but aside from that we rarely talk about business, I only let him know if there is a big thing going on in my life, but aside from that I just wake up, work, and then go to sleep without talking to anyone at all.

That is one of the best jobs in the world to have because it is important to have a job that would be like that and you could make a profit from, otherwise there is no logic to keep it working. I know that it is going to be tough for some people to be just a solo worker, but it definitely works and you do not need MBA for that at all.

I don't understand what you want to say. If your life is only wake up, work and sleep to wake up tomorrow to work and then sleep, this is definitely not one of the best but one of the worst job one can imagine. And if you have a boss, then how do you consider yourself a solo worker? One can be in trades and work alone but that wasn't the purpose of my post, I was talking about the need of getting MBA if one wants to start a business and I said that you only need MBA if you want to work for others, if you want to start a business, MBA can't outweigh 2 years of experience you'll gain from running your own business.

For me, it’s always a personal’s choice as it does not mean that you won’t be successful in managing your business just because you don’t have an MBA degree, just like an MBA will not even guarantee your future’s success. So your success will never depend actually on your masteral degree, but will always matter on how experienced and skillful you are in running a business, and on dealing the imperfections of your business that you still manage to grow it instead and not leaving it unproductive or totally doomed. Attitude actually matters more than your own personal knowledge.

I don't disagree with you and education is always beneficial. It's solid ground to build on but imho that's necessary needed for a company. But you are not doing everything by yourself, so you decide what's worth your time to learn, because you are not learning everything by yourself.

Let's say you are an engineer and invented something worth value, but you need to build business for it. At that moment you might not have time to spend 3 years of your life for MBA. As you have used your time to invent something extraoridinary. Good thing is that you don't need to do everything by yourself. You can hire a professional with necessary know how, like with accounting, branding, or find a business partners with skillsets you need.

Imho you need to focus on the thing that makes you valuable for the company you are building. Don't try to do everything by yourself as you most likely will end up making amateur mistakes that end up costing a lot.

These is very common question if you want to start business, or if you want to become entrepreneurs MBA is necessary or not? if you are in early age or you are in mid 20s then you will be in confusion should I pursue formal education or directly start with business. Then you should remember 3/4 things,
no one thing is mindset, it is one of the important thing to become entrepreneurs, or to start business you must have passion, dream and positive energy.
The second thing is there is no age, situation, financial, and residence barrier to start any business.

Most of successful entrepreneurs get their MBA at the end, not at the beginning, because their goal is to deepen their knowledge and not find a job ^{(unlike those who pursue an MBA at the beginning, usually to find a job)}

but very few people can do both ^{(running a company while studying too)}, it will never be easy, I've tried it and it's very tiring ^{(problems and busyness experienced in business and in college can split focus)}, the best way is to finish one by one what you think is good and comfortable ^{(finish college first or make a stable business first)}

This is the exact point, earning a MBA alone will not help in succeeding, if you are running a business, interpersonal skills is necessary and you wont necessarily learn these aspects just because you have a degree, majority of the businessman in the older generation does not even have basic educational qualification but they have interpersonal skills to run their business and on top of that if you have a MBA then you will have a structured organization.

I think I could now say that it depends on the business. I mean think about it MBA is not a must for most business ideas, sure if you have it that's good, nobody says that it will hurt, even if you want to do the most manual job out there in the world if you have an MBA that will come in handy with some of the information you learned at school, so it doesn't hurt. But is it a "must"? I do not think so, its not a must for most jobs, some of the companies may require it, like something that is literally thought at that class that you should do in order to make money, if there are any related business ideas like that directly connected to it, then yes you need that, but if not then its a good to have but not must have situation.

i think these are 2 good and realistic points. that success is not dependent on having many titles and success will be achieved by doing the right things in the right way.
in fact success depends on the personality, effort and enthusiasm of each individual. although currently having a degree may indeed be more beneficial because we will learn and acquire knowledge systematically through formal education and may have more "privileges".
but someone who doesn't even have a degree can still be successful if they have a diligent personality, creative, always curious, dare to take risks and don't give up easily.
in essence if we want to be successful then we must be able to know and develop the potential that we have accompanied by trying hard and not giving up easily and the most important thing is never to let laziness stick to us.

It depends on what type of business it is, and what your undergraduate degree is in. If it is business, it won't help that much for your business. The biggest benefit here is that you're in school with older students and you get to see the dynamics after these people have been out in the "real" world for a while. As far as using it for a job, some say you should have post-graduate experience before starting the program. I disagree, get it out of the way. With a lot of the students it's: why are they back in school? If you have a successful career, it doesn't make sense to quit and go back to school, unless your company is paying for it.

As per my personal opinion I would say do MBA and then start business.  Because the more educated a person is, the more knowledge he will have.  He can come up with new ideas to improve the business.  Educated people have a different type of intelligence.  But it is also true that MBA is not mandatory to start a business.  Apart from doing MBA, you can become a successful businessman. But the difference is that by doing MBA, understanding the business system will be a little easier for you.  You can improve the business through new inventions.  Of course we cannot equate an MBA businessman with the intelligence of a businessman without an MBA.  From my personal opinion, if you have an opportunity to do MBA before starting a business, you should definitely do MBA.

It doesn't matter, degrees and masters might make you ahead of the pack but that don't mean that you're going to win the race, the most successful entrepreneurs are those that have the grit and will to do things that they're going to get laughed at because no one's believing them, the greatest entrepreneurs has the knack for million dollar idea, Henry Ford didn't pursue an education that we might see as respectable but he became the founder and pioneer of the automotive industry. Starting a company is an easy thing, the hardest part would be the maintenance and how you plan to create a product that's going to be sought after by many people.

In my opinion, you can be a successful entrepreneur without taking an MBA, but you have to have a lot of experience in running a business so that the business can run well. I really agree with you that those who have taken an MBA degree certainly have an easy time running a business because they have studied a lot of knowledge about how to run a business well and they just have to apply what they have gained from that education. You are right it would be better if we had the opportunity to take an MBA degree before starting a business and if we don't have the opportunity then we can learn from those who have experience in that field, but if we start a business without having any education or experience of course we have to be ready to face it challenges and we must be able to solve them well so that the business we build can run well.

Many of my friends are MBA graduates; they told me when we had a discussion that an MBA is just a certificate that allows you to get a job in a company, and it's not necessary for starting a business. Because even they are starting to learn the tactics from the small food truck on the roadside, stall, etc. Because their idea is a business too, not only branded high-tech companies Business is something you should learn from outside of your degree and from your experience. The degree is for building confidence and knowing some corporate laws. Maybe that's something you can learn from anywhere, so you don't have to spend years on it. That's why getting an MBA before starting a business is not important because every MBA person is not a businessman, and every successful business magnet is not an MBA graduate.

while knowledge is definitely important it’s not the end of the world if you don’t have a mba and i also dont think school is the only source of knowledge where you can obtain from

im not advertising for dropping out nor am I saying that college is a waste of time don’t misinterpret me but there are a lot of successful names that didn’t finish college everyone knows mark zuckerberg the creator of facebook and he dropped out of college of course there’s no denying that he’s smart and had a genius idea but finishing college does not guarantee success

you don’t have to get a mba to read and learn if you have the will and desire then you can learn pretty much anything

Most of the reasons given inside the article are vaporware. With the exception of the networking one.

Truth is, you don't need an MBA to start a company. Anyone can do it. Just ask anyone in Peter Thiel's fellowship where they pay people to drop out of college. An MBA is more useful if you only want to be a mid-level manager or maybe some director or vice president.

If you're for the business, no need for an MBA IMHO. But if you want to excel with the rankings in the academe or corporate, it's a ladder.

The learning comes from experience with what we do and that's the same with business. Some get lucky that they find their success through their first tries.

But if we're going to speak the entirety of the whole circle of business, failure is the first step into success and look at the every successful businessman, they'll say the same thing. Having an MBA is like a bonus.

It's interesting that you don't think an MBA is necessary for business success, and I respect that point of view. But let us dig deeper: isn't schooling more than just a piece of paper? Yes, working in business is a great way to learn, but getting an MBA gives you a more organized way to learn about complicated ideas like finance, strategy, marketing, and so on. Mix of theory and real-life case studies, usually led by experts in the field. There must be some value in that. Believe it or not, schooling changes the way we think. You have to learn more than just how to run a business. You have to learn how to think differently about running a business. Doesn't the network you make while getting an MBA open up a lot of doors for you in the future? Also, wouldn't an MBA give you a more complete understanding of the business world, making it easier to travel through uncharted territory with confidence? Education does, in fact, enhance experience, which is priceless. Are we not valuing the larger view that MBAs offer when we brush them off?

I myself got a small business and never got an MBA but I know the principles that I am applying which I've learned some during my course in college but it's not related to business.

In school, it's all theoretical and while you do hustling in real life, that's where you learn more than what you're learning in school in a theoretical way.

You learn in school how to run a business but you're not confident with what you've got because you lack experience. But I like what you've said about having more connections on having an MBA. But if you get into the actual field, that's where you'll also meet more people if you are in actual business.

MBA is another level or next level in college but if you think that you've got enough with college and able to finish it, that's your choice but if you think that it's not enough for you to be better with what you're pursuing in business.

Why don't we look at what people with actual businesses have to say about getting an MBA then becoming an entrepreneur or just starting a business without it.

https://www.sidehustlenation.com/get-an-mba-or-start-a-business/

@livingfree - you can read that article as well as a lot of them have similar view as yours. The best thing is that it's coming from people with real business experience and not just from theories.

My take on that is consider taking an MBA if someone is going to pay it for you. If it ain't free then it's probably better to put that money straight into business. If you're still not confident to start then find a cheaper alternative. One who completed MBA by taking a $40K loan have this to say,

Thanks for that, I've read it and usually those that gets their MBA usually tells that their salary has increased, so there's no business in there but more of employment and that's what I am saying about the corporate ladder.

Anyway, different views and takes that are interesting that we've got. Those that values more their MBA, it's true that it's one of the greatest achievement one can take and it's not an easy path.

The same goes to the ones that goes directly in business and their failures and mistakes are their enrolment fees.

A degree without the knowledge is pretty much useless and will not help you in any way even to find a job so thinking about starting a business its no, no for me. But if you are already having a successful running company or something and you lack the knowledge about expanding it further that is when the degree wil practically useful but it can be done by hiring someone with the degree and extracting the information from them and the founder can concentrate on basic things while ensures the security of the business.

Knowledge is great power and degree does not in practical life. I saw many people who made a company without  any degree and they became successful in their field. I also saw many people they are academic educated  but they are not able to build any computer and I saw people who have a degree of BBA but they are failed to get a job in good company. I saw many people who are academic educated and they also built their company and they achieved a huge success in World of business. Success depends on your interest in  your field
And someone who gets knowledge of something with interest become successful because degree is just a piece of paper that can't write your fate. Consistency in any field is  a key to success .

A computer engineer doesn't know how to disassemble and assemble a PC but a random dude can do that just by watching 5 min video from youtube so the knowledge part is really lacking with the current education system. People who excel academically mostly end up in offices with few hundred thousand per annum and in rare cases, they touch six figures but people who do business be there with no degree at all but with all the knowledge needed.

True, Skill is all that matters but for some growth gets hindered just because we are not graduated from top tier colleges because I have seen the difference in payout between MBA graduates from ordinary colleges and top tier colleges, top companies hires from top tier colleges. There shouldn't be any bias in our education system as same quality of education should be provided to everyone and skill should be considered. The stories you hear about college drop outs starting companies and becomes billionaire are just good for motivation but in real life it's different. 

There is a big difference between starting a business directly and starting a business after working in a business for a long time. It will take a few months for a new trader to understand how to start, how to finish or how to control everything, but for someone who has previous business experience, it will not be difficult at all and he will be able to do all the business related tasks very easily. If a businessman studies business separately, his business skills will improve and he will be able to take better business decisions. We have now become traders who are not interested in reading about business for four years but dream of making big money by doing business for four years.

From personal experience - IBA is good, and it's helpful. That's a fact.
- Is it possible to start a business without an MBA degree? Yes, you can!
- Will your business be guaranteed to fail if you don't have an MBA degree ? No !
- Will your business get better after getting an MBA degree ? Probably !
- If you get an MBA degree and then start a business, will it be guaranteed to be successful ? No !

So MBA is not a panacea, it is a useful addition, which can save you time, nerves, money, and not to pass the "road of mistakes", or at least shorten the way along it ! :)
 
In a word - it is desirable and recommended, but it is not necessary to get it before starting a business

To get an MBA degree, it is very necessary before you start starting a business. The target for achieving business is a special degree for business and running it so that it is feasible and optimal when entering the world of work which is expected to start a company. It would be good if you had a background in the world of education along with your insight. Having experience is the best teacher to carry out an MBA degree, at least you have to expand yourself. By having this degree you are expected to be more advanced than those who don't have that degree.

When you have good capital to start a business, an MBA degree is not needed, but when your business has started running, you need people with an MBA degree to work with you to build your business.


Failing and losing in business is a very normal thing, but failing and then quitting is stupidity, business is not easy, there are even people who have started a business for years but haven't succeeded either. The point is to be patient and confident in the business you enjoy doing.

Honestly speaking, no one would be affordable to intentionally be engaged on any business areas that'd squander their funds but yet, most of the business venturers are ignorant to build solid knowledges that could effortlessly consist on solicitating to build their venturee with a solidly and contentious to main a long run without being crashed.
So I'd as well recommend the MBA program to be a reliable source by which one can actually acquire strong and efficient factors to structure and frame their avenues so they can always stay strong still to accountable progressiveness.
I'm also aware that even investors who're opportuned to the MBA has underrated it because they feels that it's either waste of time, energy and resources in going through the MBA while the can just have their funds invested and doing so well with the lay knowledge with them.

I agree, having an MBA degree is very important especially if you're planning to expand your business venture. It is an investment to yourself because it will help you to hone your skills and to determine your ability to pursue your passion especially when it comes to business planning, it will help you to equip the process of processing complex issue ans practicing sound judgement in facing uncertainty  With that, it will guide you to provide with a better sense of how you can effectively lead within an organization.

Its recommended but its not something that all would really be that doing considering that it might be not that affordable to everyone or having the time that they could really be able to put it into.
Instead on going these kind of MBA or whatever that courses or seminars, they would really be rather be getting information into the internet and would really be that trying out to hear out others
experiences on which they would really be that not tending to get some MBA or whatsover since they could really be able to learnt it up and on the  time that they do gain up experience
then this is where they would really be making out adjustments and this is something that will really be that possibly they could be able to handle the situation.

When starting up a company then of course it would really be just that normal that you will really be needing to do the necessary steps for you to be able to handle up such
situation because having a business does require proper planning.

To get an MBA degree, it is very necessary before you start starting a business. The for achieving business is a special degree for business and running it so that it is feasible and optimal when entering the world of work which is expected to start a company. It would be good if you had a background in the world of education along with your insight. Having experience is the best teacher to carry out an MBA degree, at least you have to expand yourself. By having this degree you are expected to be more advanced than those who don't have that degree.

It is generally better for you to know as much as possible before opening a company. Getting an MBA will definitely help you because you will learn various business concepts and techniques. The only advantage that there is with going straight into a company is that you will save yourself the stress and time and just go right into practice. But my advice is that one should be fully equipped so they can perform at maximum productivity.

You still need to have at least a little background knowledge so a MBA would be extremely useful albeit it is not necessarily a requirement to build a company. I know lots of businessmen who did not have educational attainment but started a business and when their business grew they decided to go and study.

The point is if you have the chance to study then I say go for it but otherwise don’t be discouraged if you can not afford to have a degree.

MBA is nothing if you dont know how to use knowledge or havent developed right set of skills for business. A lot of MBA students know theory, but when they are given tasks, they cant do anything, because they dont have any experience. If someone thinks, that after getting MBA, his company will be more successful than other on the market, then such person will be surprised to find out that market is rules not by the level of diploma, but by people.

That's true but given that they get into the real world of business and employment, they will learn additional knowledge with that. Actually having an MBA is actually a good start if you just like to sit and be in the corporate world until you retire but it's a different story when you're starting to think of owning a company. Being immersed in the actual business will give you more prospect of companies wanting to hire you than of having an MBA but, there are companies that value the traditional education and the knowledge that you acquire there. But to be honest, many don't rely on them anymore as it's like the company is the one pushing employees to have MBAs than graduating with an MBA then getting hired.

Exactly, there is more to see and experience the actuality of how brutal the real competition in the world of business is. But don't get scared with that, you'll eventually get to have colleagues and connections that will help you out with that. Getting an MBA is going to give you a lot of connections in the academe, professors, admins and staff of your institution and apart from that, the classmates that you have been with your batch could also be one of the greatest connections that you'll ever have as you network with them.

It is also because many students have such short-sighted thinking that they think that today education and degrees are useless and they do not admit that that weakness comes from themselves. It is true that a degree cannot bring them success because knowledge alone is not enough and they need experience. But it should not be blamed on the degree or education, but their stupidity in not being able to promote what they have been taught. Why don't we ask the question that many people who study with us have the same degrees as us but they can get stable jobs and become entrepreneurs while we can't?

A degree does not guarantee our success, but if we own it and take advantage of what we are taught in school, we will certainly have a higher chance of success than many people who do not have a degree or education.

This is a good motivation, how academics change the mindset of a personality that is ready to be tested in the environment and competition and all generations of the nation have the right to choose education and complete it even the elderly ;D . Let's see, there are many real world summaries and synopsis understanding of the past.

Some of the people I met were comparing the owner of the company with only the knowledge of experience by working in other people's companies with the qualifications that the company wanted. There are indeed pluses and minuses from proof of income, success, and attitude. The point is which one is the owner and which one is the manager. This should be a natural thing and there is no need for discussion that seems to doubt the background of educational degrees, because smart people complement to increase the scope and turnover of the company. And I agree that everyone needs cooperation because it is not about who is the strongest or the smartest, the point is to be able to work together as a team because humans are symbiotic mutualism, including successful people/company owners have their weaknesses.

Getting an MBA degree before starting a business is good as it is not necessary the elements that are needed to help you succeed in business is beyond education as what you need is a strong will to succeed and not only a MBA infact all the business CEOs known today did not start with an MBA it just the mentality and mindset to win

Imho MBA is a little "+" when you are tested, evaluated and selected among other candidates when applying for a job. Anyway people will look on your past experience more than on the name of the university a person has graduated from. Maybe my life experience is exceptional and totally different from others, but when I or others applied for the position, both MBA and BA were selected similarly, did the same job/tasks and only those who showed results were left in the company.


You can get same connections if you hang out with MBA students or get second BA education. You can get well with professors during start of the study. Anyway professors are the same for all students. There is not like MBA students get more elite professors to teach them than others.

yeah right, I saw a lot of successful businessman without having MBA degree but still succeeded in their goals but it depends what kind of businessman you are, Sometimes even those people who doesn't have a degree can still be a successful entrepreneur but I don't encourage everyone not to have a degree because it is important and it is also a way to become successful person as long as you used it in a good way.

agreed MBA doesn't really help if we never have the chance to try out a business, there are plenty of MBAs out there that getting the degree solely for getting career improvement to say that getting MBA for the sole purpose of starting company might just seem to be a mundane action.
I think its better to start out the business first, figure out how the market reacts to your products, see whether your business can have the opportunities then get the MBA later on.
MBA can wait, but building business usually you don't know whether you gonna gain success or not, though if you can do both at the same time its gonna be enough I guess, even right now there are many MBA online programs anyway, its easy to get.
its only become urgent if you really need that MBA to maybe apply for a higher position job. otherwise seems like a waste of time and money from my opinion, i mean thats just my 2 cents.

For someone that don't have any experience yet, it's good to have an MBA because you're right that it serves as a plus. And the employers are going to rely on your credentials instead of experience. But as of now, many employers do rely on the experience of anyone that will help their company instead of someone who finished good degrees and masterals because that will save them money and time as well.

Most of the professors that are in the MBA program are also professionals and that's why I think they've got a better connection because they're connected to the real world of professions and industries that they're in. Compared to the BA professors, although they're the same that might be employed as well and only works part time as university professors but the qualification for MBA programs as professors are higher than compared to the normal BA courses.

I am VERY against the whole "anti-college" nonsense that has been picking up steam over the years.  My 4 years in college were the best 4 years of my life.  Not just because of all the partying, lady friends, great friends I met and am still close to this day, but all that I learned, both in books and outside.  If you make the most out of it you gain a lot of real world experience just simply interacting with others, gaining connections as well as educating yourself.  I wouldn't be where I was today without it.

The whole "college is a waste of money since it's too expensive" crap is just that...CRAP.  At least here in the US you could go to a community college for 2 years and an "In-State" college to finish and come out with no or very little manageable debt.

It doesn't matter where you go to school mostly, it's just what you do with your degree. 

That said, MBA's I often feel are a waste of time and money.  Unless it's in a certain field, I've found it to be a waste.  Lets take business school for example...why is it needed?  I don't support it for many majors.  Some, I feel differently about.

If there is an option to do an MBA before starting any business or company then I will definitely choose the option of doing an MBA. Because the most important thing for every work is proper direction. Yes one can start a company without doing an MBA but in that case additional risk is likely and the process of company formation will seem complicated. Most of the successful people in the world have a lot of hard work and guidance behind them. But even if you don't have an MBA degree, you can build a business or company directly by going to practice and there are many examples of this in the world. However, I think that if you want to complete a task successfully, it will be a wise thing to acquire all the knowledge related to it and implement it.

Education and experience are two different things. It is important to have experience as well as education to start your own company. An MBA degree alone will not be enough to start a company and run it successfully. I have seen many degree holders when they go for jobs in big companies, they are asked about their experience, and their salary is decided based on their experience. This can be obtained just as a Legendary and a Newbie on this forum cannot have equal knowledge.

Similarly, an experienced businessman and a degree holder student cannot be equal. When we do something practically, we learn the ways to achieve success and the means to avoid failures. Therefore, I think that if you intend to open your own company in the future, you should do internships with big companies along with your education so that you can learn the skills of doing business along with your education. This means that as your education is completed, you will also gain experience.

Of course an MBA isn’t all, you will definitely need to get hands on experience. But the op is asking if getting an MBA before staring a company is better. There’s no way that’s not better. It’s Education but that’s where you get some knowledge too. Actually, education makes it easier to learn when you’re getting experience because it’s the same thing you learnt that will be applied.

Education is like a toolbox. You get the theory, the concepts, maybe some fancy strategies. But getting into the real world? It's different. An MBA is powerful, but it's your actions that give it meaning. We've all seen folks with those shiny degrees, lost as hell when it counts, right? Internships, man, is kind important. You either figure stuff out, or you don't. That's where you get the inside track on how the game is played; the unspoken rules, the way people negotiate, how a real leader steps up. You can't teach that stuff in a lecture hall.

Wanna build your own thing? Books and lectures only get you so far. You must get your hands dirty. Match your knowledge with real-world hustle. Because a company that'll outlast the hype, that's built on the rock of experience. Don't just theorize. DO IT. That's what truly matters.

To start a company, you need good management skills, good connections, good networking and access to finances. MBA is not necessary for starting a company, you also don't need to get a bachelor's degree in Business Administration.
I can give you a good example, I have two friends, one friend is rich from a successful family and my second friend is very successful in university, and got an A degree in MBA. My first friend, the rich one, never went to university but with his finances and connections, he managed to open a big restaurant and GYM that generates a decent money every day. All he did was hired the right people, those who finished university, he is really naturally good at management. My second friend, who studied well in university and got A's in every subject, now works in Dunkin Donats because she doesn't come from a rich family, doesn't have good connections and since every job requires 2-5 years of working experience, she didn't manage to get a good job. No one also cares that she finished university with A grades. Could she start a better business? I don't know, maybe but she doesn't have what is necessary to start a business, good connections and money.

Absolutely authentic what you said. Although education and experience are two separate subjects if a business or a company is created and managed in combination with these two, I believe that the company or business does not have to look back. MBA is theoretical knowledge and internship is practical knowledge. The combination of which brings success. We have seen many times in our educational life that a good student is not always a good teacher and also seen that a backbencher can present what he knows to the audience with a correct and beautiful explanation. So let's hope that the ultimate success in business will come through the combination of an MBA degree and internship.

I don't think that it's necessary to get an MBA first before starting a business, if someone is oppotuned to get an MBA first, then it's a plus, but when a person who has practical experience of a business and has the capital to start it, shouldn't wait for an MBA before starting. Starting a business doesn't stop the person from furthering their education to MBA level, i know that there are part-time programs in the universities, where business people and workers who wants to upgrade their CV can study and graduate.

In Nigeria, there's a tribe called Igbo, they're renowned for business successes, they're naturally gifted in businesses, they have a lot of millionaires and billionaires, but ironically most of them are not very well educated, yet they employ graduates, including MBA holders and pay them salaries. It's not every body that is privileged or has the means to get a good education, yet they're doing very well in their businesses, I think that some people are naturally gifted for business, whether they're holding an MBA or not.

You have presented the matter in a very nice and logical way. Some people are born with certain talents. For those who come into the world with business talent, doing business is a very natural thing and they may not need an MBA degree to do business. But for those who are not born with this talent but because of their attraction towards business doing an MBA is very important for their business success. People from some countries do an MBA just to get the degree not for business. Through business school one gets the opportunity to connect with people very easily which is very important for business. But from a practical view, if someone is connected with a business organization without an MBA degree, it is easy for him to do business and be successful.