Getting an MBA before starting a company or directly starting a company?

[ZAINmalik75]

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.

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.

[doomloop]

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.

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.

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.

[Synchronice]

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

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.

[Viscore]

Getting an MBA 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 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.

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.

[Distinctin]

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.

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.

[bitgolden]

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

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.

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.

[Synchronice]

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.

[Vaculin]

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.

[o48o]

Getting an MBA 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 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.

[Vishnu.Reang]

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.

[macson]

Getting an MBA 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/

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)}

[eaLiTy]

~
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.

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.

[Captain Corporate]

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.

[Fullcoinese]

that your success isn't dependent on how many degrees you have

doing the right things in the right way and at the right time

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.

[Sam2121]

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.

[|MINER|]

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.

[blckhawk]

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.

[barisbilgili]

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.

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.

[Biznesmen]

Getting an MBA 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/

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.

[btc78]

                                        ~Snip~

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