Friday, September 7, 2012

You need an MBA to run a successful business, or Vision?


It is a strong vision for your business more important than an MBA? If you go to school or go to the school of hard knocks?

When the cost of an MBA varies from $ 15,000 to $ 50,000, you should consider whether the traditional MBA program to meet your corporate needs.

First, please keep in mind that most business school programs are not designed to teach how to start a business, but how to contribute to the running and management of a large existing company. Starting a business from scratch requires a completely different set of skills.

So why even bother to go to school business?

Business school can provide you with some very strong theoretical skills, including ability to read and understand financial statements, and understanding market trends and economic theory. Above all, an MBA program can help you develop relationships with mentors and others who can help build your business along the way.

You can also give the inflated image of their entrepreneurial skills.

The last thing I want to do is discourage anyone from pursuing a form of training as a college education can be a valuable tool. If you are pursuing a career, an MBA has been shown to help to command a higher salary.

Unfortunately, I have seen no correlation between level of education and success when it comes to running a business. In fact, over the last ten years I spent helping business owners grow their business, I never found a college education to make a difference in business success.

The decisive factor for the success or failure of an enterprise has absolutely nothing to do with education.

It is the strength of the corporate vision.

Successful entrepreneurs have a plan. They know what they want for themselves and their business, and they do everything to make it happen. They have a strong vision in front of them in all circumstances, a picture in their minds that businesses will be there next year, five years and beyond.

If you can not read a financial statement or execute a marketing campaign, find someone who can. Do not let lack of education or educational support in order to grow their business.

They just do anything.

Creating a successful business is rarely a straight path. Two steps forward, one step back is normal. Owners with the vision are the ones that are not captured in those setbacks. In fact, they tend to send them away quickly, refocus, and make a step further. Successful entrepreneurs are not afraid to admit to not knowing everything.

This is not a typical feature of the MBA graduate.

Successful entrepreneurs are always looking for themselves and make their business better, faster and stronger.

If you want a career in business, by all means pursue an MBA. If you have a personal goal to get your Master, an MBA is a great choice. Just do not be surprised to discover that you have a lot to learn when it comes to being an entrepreneur.

Find a mentor or a group of companies that can help along the way. The best teachers are those who have already created a successful business. Regardless of how you pursue your education, just remember to never stop learning.

Success is a journey, not a goal. Your business vision is your guide.

Use it....

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