I hear almost everyone speaking of that today without an MBA you are nowhere. But is this real situation what I feel is no it isn’t. Here is a story of an entrepreneur who started his career at the age of 21 with global scrap metal company with an investment of $250. Stephens, entrepreneur is also a writer of the book named “Starting from the scrap” He has visited several U.S. business schools and met with MBA students to talk about his experiences launching a company in emerging markets.
Among all the aspiring entrepreneurs there raised a common question that relates to Stephen not having an MBA degree. In my opinion, entrepreneurship is a matter of the heart, and education is a matter of the brain. It is difficult to teach a heart." Were the lines quoted by Dr. John Yang, the dean of the Beijing International MBA program at Beijing University By definition, an entrepreneur is one who takes risk. It's an attitude and an appetite, one which may be hardwired into one's personality.
Education can influence one's attitude toward risk: for instance, understanding the principle of diversification or the long-term returns of equities versus bonds may make an investor more willing to create a "riskier" stock portfolio. Countries spend billions of dollars training soldiers so they'll be ready for combat — they're taught to fire rifles and operate in simulated high-pressure situations. But that training only goes so far. Similar can be the case with the MBA professionals. The same is true with entrepreneurship. Understanding strategy, finance and marketing can be very helpful.
But it's also important to possess self-confidence, a need for independence, energy and passion, curiosity, and an ability to communicate ideas. If you don't have these natural assets, you'll struggle as an entrepreneur. In the process of establishing business he says he has wasted a lot of time in organizing and hence missed lots of opportunities but this can be case even of an MBA professional. Even having the knowledge of the do’s and don’ts people tend to do mistakes.
This wasn’t the only incident there were times when getting investors was difficult Perhaps studying cases about companies that had grown too fast and lost control of both their finances and the quality of their products would have encouraged me to expand at a more sober pace MBA programs do give future entrepreneurs valuable tools to help them mitigate risk and increase the probabilities of success.
But even with those tools, only you know whether or not you have the heart to execute on the opportunities we all recognize to launch a compelling new business. That is when the real bullets start flying.
Among all the aspiring entrepreneurs there raised a common question that relates to Stephen not having an MBA degree. In my opinion, entrepreneurship is a matter of the heart, and education is a matter of the brain. It is difficult to teach a heart." Were the lines quoted by Dr. John Yang, the dean of the Beijing International MBA program at Beijing University By definition, an entrepreneur is one who takes risk. It's an attitude and an appetite, one which may be hardwired into one's personality.
Education can influence one's attitude toward risk: for instance, understanding the principle of diversification or the long-term returns of equities versus bonds may make an investor more willing to create a "riskier" stock portfolio. Countries spend billions of dollars training soldiers so they'll be ready for combat — they're taught to fire rifles and operate in simulated high-pressure situations. But that training only goes so far. Similar can be the case with the MBA professionals. The same is true with entrepreneurship. Understanding strategy, finance and marketing can be very helpful.
But it's also important to possess self-confidence, a need for independence, energy and passion, curiosity, and an ability to communicate ideas. If you don't have these natural assets, you'll struggle as an entrepreneur. In the process of establishing business he says he has wasted a lot of time in organizing and hence missed lots of opportunities but this can be case even of an MBA professional. Even having the knowledge of the do’s and don’ts people tend to do mistakes.
This wasn’t the only incident there were times when getting investors was difficult Perhaps studying cases about companies that had grown too fast and lost control of both their finances and the quality of their products would have encouraged me to expand at a more sober pace MBA programs do give future entrepreneurs valuable tools to help them mitigate risk and increase the probabilities of success.
But even with those tools, only you know whether or not you have the heart to execute on the opportunities we all recognize to launch a compelling new business. That is when the real bullets start flying.