Thursday, August 12, 2010

Is MBA necessary to start my own business ? -

how much knowledge is sufficient to run a successful company ?

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It is not necessary to have MBA degree to start your own business. What needed is your birds-eye-view for any business, strong desire to start the business, market survey of the business what you are looking for, minimum good education background to know-how, of any rules and regulations of the business. You have not mentioned what type of business or company you want to do or run. But if you want to run any type of company, if you do not have any law background, then you should be able to employ at least the person who is well versed with all pros and cons of the company matter. It depends on you how much you have will-power and financial support. Go ahead if you have all these things.

To be successful in any business, you need not have MBA degree at all. Most the world famous business personalities were illeterate persons. But they were having other merits in them. It is the common sense,hard work, determination, best give take policy, best accommodative nature, best competitive skill, best foresight,best assessment of any given situation, that makes any man successful in his business, then he may not be having any educational certificate of merit in his briefcase. Most of the merit certificate holders all over the world are serving the business masters only, be it in Government or private sector, very few of them have been able to become master or owner of the business in which field they are working.

There are no age or educational requirements needed to start a business. The more knowledge and/or experience you have, the better. A good prelude to your business would be in the creation of a business plan. If you can make it successful on paper without fudging the numbers, you can make it in the real world. You ll get out of life, love, business and everything else what you put into it... so give it your all.

MBA is not necessary to start a venture.People have established huge business corporations without even finishing their school.So what really matters is the sense of business one has.If you have all that is required to make it big in this corporate world why on earth you need an MBA.But the other side of it is that you learn many things while doing a management course.It will enable you to plan and carry out the execution of things effectively.In fact it will help you in making plans.There is a lot of difference in a vague plan and an organized plan.MBA helps in time management which is very important.It helps in identifying, procuring and allocating the resources that is very important part of business management.The optimum utilization of resources, manpower and other important things are taught while you pursue an MBA.If you want to be an entrepreneur MBA definitely helps you with learning of the process of inception of a company. The various ways in which one can get his organization started.So if you have all these things readily in you, there s no need for an MBA.But then there s one more thing to it.With an MBA things can become more of sure and faster.But an MBA from any average institute is not going to make you capable enough of starting your own venture.Better do it from the Top b-schools or whether an MBA or not, its all the same.For more on entrepreneurship and executive related updates, visit: http://www.mbauniverse.com/

these are loaded question and cannot be answered without knowing your background and your reason of moving into business. had somebody in your family had a successfully running business that has stood the test of time, then i would have advised you to jump into it. but again even those family who are planning for there next generation to take over the business have advised their ward to do mba examples are anil ambani, venky group, GVR group, GMR group etc. MBA gives a world view of all the topics you should be aware of and also gives the largest best practices followed the world over.

No.Actually its the market knowledge and how the way you manage things! its importantall managers are not MBA sbut still they run a company easilyits becos of their experience,knowledge, intellegency and hardwork.

To run a successful company you need have a basic knowledge no MBA can teach how to run a successful business enterprise...........

No- Your work and your interest will give u more knowage to imprrove your bujness, but is naccery if u r doinng short time term bujness so u should always keep contect with market.

Not Necessary

No, a good idea is needed.

now a days no education will feed us. if u have confident on ur business it will be the best.

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