Comments on: Does an MBA help you start your own business? http://www.interviewmantra.net/2009/09/mba-helps-own-business.html Your mantra to job success Thu, 09 Sep 2010 09:18:32 +0000 hourly 1 http://wordpress.org/?v=3.0 By: sridhar http://www.interviewmantra.net/2009/09/mba-helps-own-business.html/comment-page-1#comment-71 sridhar Sat, 05 Sep 2009 03:49:57 +0000 http://localhost/wordpress/2009/09/does-an-mba-help-you-start-your-own-business/#comment-71 @Saurav, Thanks for your response. <em>"It does matter where you are doing your MBA. Universities of the stature of MIT Sloan, Harvard, Standford, Instead does help you changing you outlook."</em> Don't you think the tuition fees would be exuberantly high in such high stature colleges? Probably that money would serve a better purpose when invested on a good idea. A good network is certainly helpful. They can get you started with your business. But can they guarantee successful operation of your business? Is it a crime to commit mistakes? Don't we learn our best lessons from mistakes. Techies like you and me, have learned programming languages by debugging our errors. Even a graduate masters degree in computer science may not help you from writing an erroneous Hello World program. Is it really that bad to write your Hello World program wrong and correct it yourself? MBA degree certainly helps to make you become a better personality. But I doubt if it can transform people into "successful" entrepreneurs. If that is the case, then mba would be kind of a shortcut to success. Don't you believe there are no shortcuts to success. I believe there is no harm in losing, no harm in failing. It actually gives you opportunity to learn. Do you think that all the successful entrepreneurs existing today have started their successful business straight. There may be a few exceptionally lucky people who got success straight shot. I invite your thoughts on my argument. @Saurav,
Thanks for your response.

“It does matter where you are doing your MBA. Universities of the stature of MIT Sloan, Harvard, Standford, Instead does help you changing you outlook.”

Don’t you think the tuition fees would be exuberantly high in such high stature colleges? Probably that money would serve a better purpose when invested on a good idea.

A good network is certainly helpful. They can get you started with your business. But can they guarantee successful operation of your business?

Is it a crime to commit mistakes? Don’t we learn our best lessons from mistakes.

Techies like you and me, have learned programming languages by debugging our errors. Even a graduate masters degree in computer science may not help you from writing an erroneous Hello World program. Is it really that bad to write your Hello World program wrong and correct it yourself?

MBA degree certainly helps to make you become a better personality. But I doubt if it can transform people into “successful” entrepreneurs. If that is the case, then mba would be kind of a shortcut to success. Don’t you believe there are no shortcuts to success.

I believe there is no harm in losing, no harm in failing. It actually gives you opportunity to learn. Do you think that all the successful entrepreneurs existing today have started their successful business straight. There may be a few exceptionally lucky people who got success straight shot.

I invite your thoughts on my argument.

]]> By: Sourav Ghosh http://www.interviewmantra.net/2009/09/mba-helps-own-business.html/comment-page-1#comment-70 Sourav Ghosh Wed, 02 Sep 2009 17:23:58 +0000 http://localhost/wordpress/2009/09/does-an-mba-help-you-start-your-own-business/#comment-70 You gave the example of 20 people who didn't have MBA but still went ahead creating great business. I can give you countless examples who have been able to start their business after doing an MBA. Man!! It does matter where you are doing your MBA. Universities of the stature of MIT Sloan, Harvard, Standford, Instead does help you changing you outlook.They don't teach you business. They make you practice it inside the campus. It's always good to learn from others mistakes. Case studies does just that. When you start your business, you got to deal with marketing strategy, finance, Branding etc..and most importantly, you got to deal with people. Any one can start a business. Nothing great about that. The important point is to carry it a long way in order to generate more employment and contribute to the society. A person from the technical field may not have all the know-hows of business. But an MBA from a great university may help him gain some of the business knowledge in just a year or two. And the networking that you develop from being in a top b-school is unquestionable. A good network of people is always helpful. At the end it all boils down to the attitude of the individual, whether he considers an MBA as a course or he considers it as a training. You said, "One needs to have a vision". Perfect!! But would you not appreciate if MBA helps you creating that vision in an earlier stage of your carrier? I think, though MBA is not mandatory for owning a business. But it's advantageous to have an MBA, if you actually get a chance of doing it...It's an insanely amazing experience in life. By no means it reduces your chances. Rather, it helps you to understand yourself much better. It helps you to identify those shades of grey n white. Not all can start a business, not many can run a business. Whether you actually need to start one?? Will that make you happy? What if, by the virtue of your hot blood, you happen to launch one business, invest a hefty amount and start crippling about it after a year?? MBA doesn't answers above questions. But it definitely helps you finding answers to them....When you talk about MBA, the first thing that matters is your reasons of going for an MBA. If you want to start a business, you can definitely learn an ocean in your b-school. If you want to get a high paying job, MBA does help in that as well. Second, which b-school have you chosen.... You gave the example of 20 people who didn’t have MBA but still went ahead creating great business. I can give you countless examples who have been able to start their business after doing an MBA. Man!! It does matter where you are doing your MBA. Universities of the stature of MIT Sloan, Harvard, Standford, Instead does help you changing you outlook.They don’t teach you business. They make you practice it inside the campus. It’s always good to learn from others mistakes. Case studies does just that. When you start your business, you got to deal with marketing strategy, finance, Branding etc..and most importantly, you got to deal with people. Any one can start a business. Nothing great about that. The important point is to carry it a long way in order to generate more employment and contribute to the society. A person from the technical field may not have all the know-hows of business. But an MBA from a great university may help him gain some of the business knowledge in just a year or two. And the networking that you develop from being in a top b-school is unquestionable. A good network of people is always helpful. At the end it all boils down to the attitude of the individual, whether he considers an MBA as a course or he considers it as a training. You said, “One needs to have a vision”. Perfect!! But would you not appreciate if MBA helps you creating that vision in an earlier stage of your carrier? I think, though MBA is not mandatory for owning a business. But it’s advantageous to have an MBA, if you actually get a chance of doing it…It’s an insanely amazing experience in life. By no means it reduces your chances. Rather, it helps you to understand yourself much better. It helps you to identify those shades of grey n white. Not all can start a business, not many can run a business. Whether you actually need to start one?? Will that make you happy? What if, by the virtue of your hot blood, you happen to launch one business, invest a hefty amount and start crippling about it after a year?? MBA doesn’t answers above questions. But it definitely helps you finding answers to them….When you talk about MBA, the first thing that matters is your reasons of going for an MBA. If you want to start a business, you can definitely learn an ocean in your b-school. If you want to get a high paying job, MBA does help in that as well. Second, which b-school have you chosen….

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