Entrepreneurship and MBA are two sides of the same coin and yet demands a specific set of requirements that draws them apart. Unlike MBA, entrepreneurship is dedicated to personal traits and varies for every individual. This being said, one can trace back entrepreneurial success to MBA. MBA acts like a guide for all the entrepreneurial aspirants and here are a few reasons why an MBA graduate has higher chances of succeeding as an entrepreneur.
GROUNDS TO PROFESSIONALISED ENTREPRENEURIAL EXPERIENCES
An independent study shows that around 90% of the start-ups in India shut down within the first five years. The reasons usually trace back to managerial inexperience or financial incompetence resulted in bad decision making. MBA comes as a savior for leaders in this dilemma as it builds and trains individuals to mitigate risks related to running a business. It also helps them comprehend the different strategize adopted by market leaders. This, in turn, helps them build up their own traits to make them a responsible and skilled entrepreneur.
ACTS AS AN IDEA GENERATOR FOR START-UPS
MBA programmes believe in practical exposure and provide many opportunities throughout their course to their students. Alongside these experiences, many students come up with their own start-up ideas and carry on to become entrepreneurs in the future. So one can conclude that MBA not only guides entrepreneurs but also help promote entrepreneurship.
HELPS BUILD THE RIGHT CONNECTIONS
Through seminars and conferences, MBA programmes open the door for collaborations for the students. They help the graduates build connections with angel investors and also give them an opportunity to explore their options with incubation hubs to consider the different portals to raise capital for their start-up. All these opportunities help the graduates to start off on a safer note and prepare them for all the future prospects.
INSIGHT TO THE CORPORATE WORLD
The demanding and dynamic curriculum of MBA forges a graduate to global corporate expeditions that renders an impeccable understanding of how the corporate world works and helps him understand his position better. It also helps the graduate to comprehend reasons that lead to financial frauds and recognize the importance of ethics in business. With all the right exposures, MBA guides the graduate to analyze his options to help him get started with his business.
In conclusion, one would agree that MBA plays a crucial part in stepping up the game for the entrepreneurs. That being said, it all comes down to how the individual executes his ideas. One cannot learn the art of leadership; it is a personal attribute that one acquires on his own. MBA only acts as a guide, the passion and curiosity to run a business should come from within. So keep your ideas on your sleeves and discover what MBA has in store for you. Play your cards right and keep exploring. Cheers!