Education, Entrepreneurship

Don’t undersell yourself by thinking an MBA will just lead to better job opportunities

You are about to finish off with your MBA degree. Great step ahead. Where do you want to go on from here? Choices there are a plenty, but which ones of them work and which don’t?

We have seen so many MBA students who only see one path after their degree is completed. And that is getting employed. But there are so many other options out there, so many alternatives to choose from. You should try to consider all of these before making a final decision.

Why are we saying this? Because you will only be underselling yourself if you start looking for your jobs right after your MBA. The knowledge that you gain and the skills you learn during the program can be applied in many ways, so why get stuck up in just one job? Jobs are monotonous, dull and boring, and just after a while, you will get stagnant. Plus, you will also not be able to use all that you learn when on the job. Is there a way out? Yes, don’t apply for a job, and tread on a different path.

Let’s take a look at what else you can do after acquiring your MBA degree.

Apply to a conference

Do you have a great idea? Some new product or innovative way of doing something? Awesome, research it well enough, and then apply to a conference. Think about your idea, present it well enough and then pitch it out. If there is any conference scheduled, you should definitely participate. Doing so will help you meet with industry experts, and open up room for some great opportunities.

Start you own business

Is there something which you are passionate about? Well use your MBA knowledge and create your own path to walk on. Get in touch with your instructors, friends, and find a mentor. Discuss your options with them, try to get your idea refined and then look around for investors.

You’ll have to go through some difficult times initially, but down the road, entrepreneurship is rewarding.

Take some time off

Graduation is a tough journey. So why not take some time off, and discover your own self, travel to some places, where you can relax and enjoy. Once you are refreshed, think again, set goals towards yourself and then work on achieving them.

Join a civic organization

There are several civic organizations that are always looking for great members and volunteers, willing to make a contribution. These local chapters are managed by business leaders and industry experts who get together to solve major issues. You could join them, and while at it, you’ll be learning a lot.

 

So do you now see that finding a job is not the only thing that you can do after your MBA. Among all the options available, entrepreneurship is definitely a great choice.

0

Innovation

Having the spirit of innovation definitely has its perks, but is there something even better than being innovative? Read this post to find out.

Time and again we have heard several business analysts conclude that if a business is not innovative enough they are likely to be left behind. And why they would conclude that makes sense too. If a business is not putting innovative, insightful ideas on the table then what are their chances of surviving the competition they are likely to face in their market?

We have several examples of companies who were slow in the pursuit of being more innovative and ended up being put out of business altogether.

Business experts believe that even if these companies found it difficult to be innovative, they could have just worked on their problem areas instead. This observation then lead many strategists and analysts to admit that identifying problem areas in a business is just as important, perhaps even more, as it is to be innovative.

Thinking Innovative Ideas or Solving Problems: What’s Easier?

Even people who are naturally very innovative in their thoughts and actions will agree that sometimes thinking along the lines which have never been previously used can be difficult. After all being innovative means to come up with something that the world has not seen or thought about before.

Does this then mean that solving problems is easier than coming up with innovative ideas?

To some extent, yes.

For starters, any problem that a business might be facing in whatever department can always be broken down into smaller chunks and then worked on. Eventually, as you get through one chunk of a problem after another you realize that you have solved most of the problem.

So if you are a company whose workforce finds it difficult to come up with innovative ideas you do not have to beat yourself (or them) up for this reason. Instead, what you can do is to have a thorough analysis of your business’ growth in the past recent years and outline the potential factors which hindered the growth.

A problem area does not necessarily have to be an area where you are doing bad, it could be any area where you think you can do better. As a business owner, one of your major goals is to not only remain in business but expand as well. There is no one size fit all strategy that would work for every business out there. Some businesses might achieve this growth by pitching one innovative idea after another. Other businesses can steal the spotlight by working on their weaknesses and emerging stronger than before.

What is even better is that the extensive amount of help you have today that is willing to assist you with your problems. If you do come across problem areas that could use work, get in touch with the right agencies and specialists.
0

Entrepreneurship
Your MBA degree can provide you with so many benefits, but not if you follow the crowd! Consider entrepreneurship, and reap in the benefits!

Congratulations! You finally have an MBA degree. What’s the next step? Should you turn toward the job market, and just like everyone else start dropping your resumes here and there? Or should you walk on a path, treaded by only a few, and think about starting your business.

While you may want to go with the first option, we’ll suggest you otherwise. Why you ask? The job market is tough, and comes with so many downsides. You have to put in so much, but the output fails to justify the efforts involved. Yes, same is the case if you want to set up your own business. You’ll have to go through a lot of pains, but trust us the struggle is worth it. The early days will be so tough, but down the road you’ll be so glad of the decision you made.

Your income will be so limited

If you sign up for a 9 to 5 job, your income will always be within certain limit, and during the early days of your career, it may even be an unimpressive number. Moreover, you’ll only get this when you are actually working.

What about entrepreneurship? Once your business is all setup and running, money will still flow in even if you don’t work 8 hours a day. And it’ll flow in much bigger numbers than you can possibly imagine.

Your experience will limited

With every job, there is a certain set of responsibilities that you have to manage, and that is it. You don’t do anything else, and so you don’t learn anything else. However, when you run your own company, you are involved in so many things. Marketing, sales, finances, supply chain, there is just so much to learn. So you never stagnate, and continue to grow.

You’ll be bossed around

Jobs don’t offer the flexibility that comes with entrepreneurship. However, good you may be, there will always be someone above who can boss you around. You’ll have to do whatever they say, and will often not have a free hand.

Your job won’t be as secure as you think

Okay, so you are happy you succeeded in getting a job, but how long will you get to hold on to it? Even if you are giving A game, you just never know when they’ll terminate you. Companies can no longer to afford to keep employees, and are downsizing everywhere.

However, if you think about entrepreneurship, you are actually more secure. It is your company after all, so no one can ever kick you out.

 

So all you MBA students out there, what do you think? Do you still want to try your luck in the job market? Don’t worry, tough as it may seem, you can find help at the every stage as long as your idea is solid enough. Think again; you are not going to be disappointed if you heed to our advice.

0

Education, Innovation

The education system has evolved immensely compared to the last century. New research in teaching and have made learning standards for today a whole lot different. Technological changes have also played a huge part in creating educational reforms for both the students and teachers. It is imperative for schools and colleges across the world to shift towards new styles of teaching so that the children of today can better function in the future in all aspects of their lives.

Here are just some of the new teaching methods that being incorporated in schools in different parts of the world:

Using technology

Schools across the world are using new technology to have the children earn in a better and easier way. Things like Smart boards –touch screen boards that also function as a projected screen for a computer are being used by teachers in their classes. These boards can be written on using a special pen that has sensor that helps to write and erase anything on the board. No more chalk and pens on a regular board. Schools are encouraging kids to be using tablets like iPads and nooks. This decreases their schoolbag load and they can access all of their textbooks in just one tablet.

Shareable education

Thanks to the internet, education can be accessed by anybody across the globe. Students who can’t afford to travel to developed countries for education can access free study materials online or have private online tutoring. This is also very useful for teachers who are looking more a wider level of teaching opportunities for themselves. Professors from reputable universities are now collaborating to create courses that people can register for online and get certifications in the field of their choice.

Easily accessible

Suppose if a student is ill for a long period, injured or has any other strong reason not to attend classes, the solution for him/her is that teachers can have virtual classrooms that he/she can attend from home or see later from a portal. Students can access other study materials, assignments and collaborate with other students as well.

Connecting with nature

Schools in Europe a=have adopted a new style of teaching children that lets them connect with their natural surroundings. They are free to run happily about forest themed classes. These classes have plants, trees, flowers, bushes etc which stimulate their brains and allow them to breathe in a more eco friendly and pollutant free environment. This strengthens their immune system as well and they are able to grasp new and different concepts easily.

Project based teaching

Schools that are innovative are using real world examples as projects for students to work on. This will develop their critical thinking skills and their thinking will not be limited to using a textbook style approach. They learn how to do problem solving and are not easily fazed by problems later on in life. They learn to be creative and think outside the box and this will have higher chances for them to excel not only in their lives but also come up with new ideas that can shape the world as well.
0

Education, Entrepreneurship
When you are done with your MBA, is applying to jobs the only thing that you should do? No, try out entrepreneurship and reap in the benefits

Congratulations! You finally have an MBA degree. How do you cash it though? You can step out in the job market, and try out your luck. You can improve your qualification even further or join a college as teacher.

But if you want to really enjoy the benefits of your MBA degree, none of the above options is the best choice.

Start your own business.

Yes, that is what every MBA graduate out there should be doing, but unfortunately only a handful of students choose to tread on this path.

Why, you ask? Because there are so many benefits of becoming an entrepreneur. You practice your passion, you unleash your creativity and you enjoy flexibility. Yes, it does not come without a struggle and a fight, but the end results are worthy of the efforts involved. It’s challenging and demanding, but all of it pays you back.

Is there something that you can do to make sure that you emerge as a successful entrepreneur? Read on!

Should or should you not find a partner?

Finding a partner is absolutely okay as long as you split the ownership and earnings wisely. Most MBA graduates opt for a 50-50 without giving it a second thought. But this is such a wrong approach. There are so many instances when these co-founders give up and sign themselves for a corporate job. That is fine, but not if want to enjoy the same percentage of ownership and earnings.

So research beforehand and decide everything right at the start.

Turn to a mentor

If there is a mentor to guide you along the way, there is a good chance that you can take your startup business several notches higher. Look around in your network and you are sure to come across successful entrepreneurs. Strike a chord with any one of them and get them to trust you. If they like your idea, they will coach you and offer support at every step.

Stay focused and committed

There are so many MBA graduates who live on the fact that they can always step back into the corporate world if their businesses fail. That’s certainly one option; but remember: your business will only give back to you when you give it your 100%.

Deciding a location, arranging the finances, there is just too much that is involved. So you really have to be committed, and focus all your time and energy onto it.

Your product is your top priority

Young entrepreneurs have a habit of deviating from the core, and paying attention to other secondary things. Whether you are right at the first stage or enjoying a blooming business, your product is and will always be your first priority. Come up with something that is new or is being done in an innovative way. Look for ways of improvement and ensure you are tackling the needs of your targeted audience.

So get going and good luck!

0

Entrepreneurship
Let’s look at why we badly need entrepreneurs to improve the state of education

The education sector is easily one of the most overlooked parts of the business world. You will find many startups in the tech industry, the retail industry, the healthcare industry, the finance industry, but only a few startups enter the world of education. This is a great opportunity for any entrepreneurs that are looking for a sector where competition is low, and the potential for success is huge. We need to start working on creating the future of education. Not only will this result in huge profits for the company that manages to innovate in this sector, but it will also result in our society improving.

Education is Decades Behind Other Industries

Almost every part of our society has been transformed in the previous few decades. Go back 50-60 years and the way we worked, the way we lived, the way we communicated – it is all very different from now. However when you look at education, it seems crazy that our schools and universities are still primarily structured the way they were decades ago. Why are we not using new ways to teach to improve results? The worst part is that there is a lot of research in this sector. There are thousands of research papers that have interesting ideas about improving education. Some countries (such as Finland) are incorporating these new findings and becoming better at education, yet most of the world isn’t.

There is a lot of Money to be Made

Unless they are already a multi-millionaire who is looking for their next pet project, money is one of the main motivators for most entrepreneurs. What most people do not realize is that there is a lot of money that can be made in this sector, primarily because schools have deep pools of funding. Public Schools are funded by the government, and convincing them that using your product will improve education is not an impossible task. Private schools also have a lot of funding, since most of them are very expensive to attend. The way of selling is different – you will need corporate sales teams, education specialists, and maybe even lobbyists if you are gunning to become a billion dollar company – but the potential exists to earns millions per client.

The key is to make innovation affordable

The best part about innovating in education is that it is largely a game of ideas. No one is expecting you to spend a 100 million dollars on research and development to come up with new materials or products. Instead you will have to spend money on hiring researchers that can go through all the education based research papers. This is a labor intensive task, and the costs for it are much lower than research and development costs in other industries. To truly succeed you just need to make sure that your ideas and products are affordable. Governments have huge budgets but they also like staying within those budgets. Don’t try to extract as much money as you can from a single school – remember, if you get a contract with a state government or even a big city government that means thousands or hundreds of schools using your products.

Innovations in education can also be sold all over the world. There are many countries that are willing to spend more on education than the western countries. Middle East is a great example. The dropping prices of oil means they cannot depend on oil being their main source of income in the future. Thus they are spending everything they have on developing new talents in their populace. They are willing to spend billions if it means that their children grow up innovative and are able to succeed through new ideas.
0