Three ways an MBA can help you become a better entrepreneur
Many students seek an MBA to advance their career and boost their qualifications, but an MBA can also assist budding entrepreneurs who want to start their own companies. Below we explore the reasons an MBA makes sense for those wanting to start their own business.
You will gain connections
In a 2015 survey, 28 percent of students registering for the Graduate Management Admission Test (GMAT) examination stated they planned to start and run their own businesses. An MBA program is a great place to test creative business ideas while gaining feedback from peers. University of Redlands online MBA students share ideas and opinions in an intimate virtual learning environment. Moreover, MBA students work with accessible faculty and staff who can provide academic as well as personal guidance on the road to becoming a successful entrepreneur.
You can go from being a “wantrepreneur” to an “entrepreneur”
Guerric de Ternay, an “inventor” at a business incubator called “?What If!,” also runs GoudronBlanc an e-commerce-driven T-shirt brand. He defines a “wantrepreneur” as an individual who has a business concept, but does not have the experience, network, or business skills necessary to be successful. In this case, an MBA helps self-starters learn the fundamental business concepts required to sustain a business idea. The Redlands’ MBA program offers three concentrations: general business, finance, and marketing. These allow you to gain specialized knowledge in an area that aligns with your professional goals.
Here are some of the topics that a Redlands’ online MBA covers that can help entrepreneurs learn how to run a business:
- Accounting and Finance for Managers
- Information and Knowledge Management
- Analytics for Managerial Decision-Making
- Marketing Management
- Human Resources Management
You will have a better understanding of the various aspects of business
MBA programs can produce professionals and aspiring entrepreneurs who are well-rounded, and have an understanding of the interdisciplinary nature of business. The MBA program at the University of Redlands features a cumulative interdisciplinary capstone, in which students gain hands-on experience in business decision-making. A Redlands MBA graduate understands the strategic and functional perspectives needed to solve business problems.
Whether you want to start your own business or position yourself for a leadership role in your organization, the Redlands’ online MBA equips you with knowledge and skills that you learn today and apply tomorrow.