This is an interesting question I recently read in Quora and I immediately felt so much of connection this question has to my own life.
I am both a MBA and an entrepreneur (Parallel entrepreneur).
Many of us get this question and what is interesting in this is the undertone of the question.
We are looking for some kinda hack to become a successful entrepreneur and in this process, without our conscious awareness, relate an MBA degree to the answer to that hack.
Let’s take few hypothetical situations here:
- You are a fresh MBA pass out
- You are a MBA with also 10 years of rich corporate experience
- You are a MBA from a normal college in your city
- You are a MBA from one of the premier institutes such as IIM or XLRI
- You are a MBA from one of the Ivy League colleges such as Wharton or Harvard
Do you see the point I am trying to make here?
There are multiple scenarios to holding a MBA degree and how it comes to aid your becoming an entrepreneur (let’s forget “successful” for the time being).
Can you agree with me that irrespective of you falling in any of the above mentioned scenarios, becoming successful in entrepreneurship is not guaranteed?
But can you also see another point that I am making here – some of the above scenarios would create a conducive environment for you to jump into entrepreneurship. In fact each of the scenarios has some inherent advantages, which can kindle you to start-up on your own.
For example, in the 1st scenario where you are a fresh MBA pass out, you are most likely young with no burden to support a family financially. This could be a reason for you to try something on your own as even if you fail, you could bounce back.
You are a MBA with 10 years of rich corporate experience: this means you have domain knowledge that can be transformed into solving a legacy problem and that can be through your own venture.
You are a MBA from a normal college: so what? Life hasn’t come to an end for you. You can still pursue your goals by turning into an entrepreneur and standout from the regular crowd.
You are from a premier Indian or IVY league college: you get an enviable exposure to faculty, mentors, like minded folks, resources that can propel you to take the big leap of faith.
Are you getting my point?
It is not the MBA degree that makes us a successful entrepreneur (or be it anything else in life) but it is “starting-up” something that makes. Taking Action.
Yes, taking action succeeds, precedes and supersedes everything else if you want to be successful. MBA can enable an environment where you will feel an urge to Take Action. That’s all about it!
Read my original answer to the above question on Quora – http://qr.ae/TUIaAj
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