Home Advertise Contact Blog Advertiser Login RSS
Newsletter Signup

Your Free Business Opportunity Resource Is Easy To Use
Home-Based Businesses
Choosing a Business Opportunity Growth and Profit Marketing and Sales
Plans and Goals Running Your Own Business Start-Up
Working From Home Entrepreneur Exchange Feature Articles
Opportunity Community Opportunity Focus In The News

Optimizing Your Business for Mobile - Not too long ago, your business would be considered tech savvy if your website was easy to read on a smartphone and employees could access their emails on the go.

But, with how quickly the digital world is moving these days, this is just the beginning...

Getting Started CRM - Customer Relationship Management software, usually called CRM, can keep your customers happy and boost your sales. The right one makes it easy to track who is buying from you and where they are in the sales cycle.

Getting Started

Common Succession Planning - Legacy planning, as owners of family businesses know, is essential for the continued success of the business.

However, that doesn’t always mean that owners take the right steps to ensure a seamless

Sponsors

STARSCAPES®
Imagine making up to $500 to $1,800 a day! Call or click now see how you can get your business for FREE! (602) 679-0257
Kaeser & Blair Promotional Products
Run Your Own Business. Be Your Own Boss. Earn Great Profit Potential. Start At A Low Cost. Try It For Free! Learn More.
 
Resource Center > Article
To MBA or Not To MBA
18 Aug 10 Posted by: Zipporah Porton
in Plans & Goals
Share this Article:

You’d like to own your business, but you don’t have an MBA. Does this mean you’re making a bad move? Not necessarily.

Earning an MBA appears to be the “thing to do” right now as more and more college graduates opt to continue their education by enrolling in business school. Additionally, more professionals are attending MBA classes at night, or they’re leaving their current employment altogether to start from scratch with a business degree.  However, the sudden influx of MBA candidates right out of college can be attributed to general fear of what’s out there after undergrad, and post-grad professionals think this is what they “should” be doing.

The question remains: Can you have a successful business without earning an MBA? Absolutely. The two most famous examples are Steve Jobs and Bill Gates, both college dropouts who have started successful businesses. Now, these two might be extraordinary exceptions to the rule, or they might be proof that an MBA isn’t necessary – for everyone.

To some, business sense comes naturally. To others, investing in an MBA might not be a bad idea. There is also always the option to hire a business manager for your company, who most likely will hold that coveted MBA.

Guy Kawasaki, author and the chief executive of Garage Technology Ventures, told Forbes that the value of an MBA is about negative $250,000. “I have an MBA, and I was once a young college graduate,” says Kawasaki. “I don't think an MBA matters very much for starting a company,” he said.

Rin-rin Yu, a working professional in Baltimore who recently earned her MBA from the University of Southern California, agrees. “An MBA isn't necessary. A college degree isn't necessary. What's necessary is having the experience in the area you're trying to start a business in. You also need to be open-minded and savvy about your approach. Have a good plan that is flexible, and you are set,” she says. Yu also points out that there are a number of good books about running a business that can be helpful.

If you’re someone working for a large company and would like to be promoted to the top from within, an MBA is attractive on your resume. However, if you’ve been in a specific industry for a long time and would like to go off on your own and believe you have the tools necessary for success, then spending time and money in school might not make sense. While investors may be more comfortable handing over money if they see you have an MBA, real-world knowledge and experience are just as desirable.

If you want to attend business school and have the time and money to spare, then by all means, do. It can’t hurt. However, if you’re taking the steps because you think it is a requirement, maybe think again, and visit your local library instead.

Related Blog Posts
6 May 17 Posted by: Kevin James Culp
in Plans & Goals

Getting Started CRM - Customer Relationship Management software, usually called CRM, can keep your customers happy and boost your sales. The right one makes it easy to track who is buying from you and where they are in the sales cycle.

Getting Started
25 Apr 17 Posted by: Dr. Federer
in Plans & Goals

Common Succession Planning - Legacy planning, as owners of family businesses know, is essential for the continued success of the business.

However, that doesn’t always mean that owners take the right steps to ensure a seamless
22 Nov 16 Posted by: Kevin James Culp
in Plans & Goals

Free Lead Generation is a hot topic these days since many pay a pretty penny per portal to generate leads to increase ROI.

Free Lead Generation is part of any markets platform.  It is important to note that this November was 'nutty' for lack of a better word.  The purpose of this blog post...
12 Feb 15 Posted by: Kevin James Culp
in Plans & Goals
DID YOU KNOW THAT WE ARE OPPORTUNITY SALES, MARKETING & LEAD GENERATION SPECIALISTS? MAKE A FRESH SALES START!  Before you spend...
21 Nov 13 Posted by: Kathleen C Lanza
in Plans & Goals
Win! Win big! It’s a mantra that strikes at the core of what comprises most if not all “entrepreneur DNA,” and it’s especially top of mind in the run up to this year’s Super Bowl on February 2 in MetLife Stadium as four small businesses are battling it out in the make-or-break competition of a lifetime! In...
 
   

Entrepreneur Exchange is our forum where we interview the Influencers, CEO's, Author's, Business Owners Of All Types, Shapes and Sizes.

Entrepreneur Exchange: Today, we sat down with Marc Winkelman, CEO of
Video Spotlight

Become a Dealer For Our Portable Self Loading Forklift! We Want To Talk With You. Call Us Toll-Free for Additional Information at 1-866-924-LIFT (5438) Today!


Premium Sponsor