Entrepreneurship– the right choice after MBA
The best thing that you can do after acquiring your MBA degree is to establish your own business, instead of getting hired.
You are finally done with your MBA degree, and now are developing your future career plan. What do you think is the best path forward? Depends on your preferences mostly, but we can surely give you some advice.
Okay, so tell us what do you prefer more. Do you want to stay stuck in the same routine every day? Do you want to do the same thing over and over again? Do you want someone constantly nagging down your back, and asking you to do this and that? And do you want a pay that fails to justify the efforts you make? No, right? This is exactly why you should not sign up for a job at all. Instead of struggling and trying to find your foot in the tough competitive world, you should just stay out of the job market.
If you are not applying for a job, what can you do? Build your own company. Find a creative idea, pitch it out and then sell. Why are we saying that you should tread on an entrepreneurial path? Because when you establish your own company, you reap in numerous benefits. Learning, growth, flexibility, revenues, and most of all, you do something that you are passionate about.
Where does an MBA degree fit in all of this? Do you think that you could have done this even without an MBA degree? No, your MBA degree will be of immense help on your journey, and here is how.
When you establish your own startup, you will have to be creative and take risks every day. Your MBA will be of vital help in all these risky scenarios because it can teach you about proactive planning and strategizing. You learn risk management, and use it to make sure that all potential risks are being actively monitored.
Plus, your MBA degree will also train you for growth. You will be able to put all the pieces together, and make sure there are no loopholes in the picture. From developing the product to launching an enticing marketing plan, your MBA will teach you how to do all of it effectively and successfully.
Do you want to get business from the bigger companies out there? Or do you want potential investors to provide you with substantial amount of funds? You need to show them that you are organized, you have a promising idea and you can certainly execute it well.
Today, all the bigger companies have an extremely structured approach and do not tolerate operational errors, bad planning and incompliance. Point is that if you want business with them, not only should you have a great product, but you should also have well laid operational principles. Doing so will also give you an edge and help you save money.