Last Updated on August 22, 2019 by Tim
There is no age limit or cap on launching a start-up, but only the most well-prepared entrepreneurs are going to go for the long-haul. Regardless of how good an idea you have for a new start-up company, you have to be prepared and able to anticipate the good and the bad, the potential pitfalls and the advantages. Even with experience in the tech field, there isn’t really a substitute for a master of business administration. Learn why having an MBA is the ultimate advantage for start-up company heads.
Be Able to Navigate the Business World Using Your Company as the Ship
Consider what you felt like when you started working your first job. After preparing your resume, acing the interview process and making it through training, you had to go out on the floor and work your way through the actual workspace. Dealing with co-workers, bosses, and perhaps even customers is a lot different than just filling out a job application. As an MBA holder, you will be able to anticipate lots of different types of problems before they can arise. Navigating the business world as a start-up company is very different than being an entry-level worker. The risks will be larger, but then again, the rewards will be too.
Believing Your Skills Are as Good as Your Steepest Competitors
New companies in the technology industry have to be innovative, but there is also a pressure to sort of fit in. Many business owners are well acquainted, knowing one another from school or even past positions with major companies in the field. Those who have graduated from accredited MBA online programs have a different yet powerful perspective. Business professionals are great at the art of networking. They know how to get others to pay attention to them when they speak, and they can sell a product or idea like it is nobody’s business. Regardless of whatever you think your weaknesses are, having an MBA enables you to believe in yourself. Your skills are unquestionable, and whatever areas you feel that you lack an advanced degree will definitely level things out.
Having Applied as Well as Practical Knowledge
What many start-up company owners who don’t have MBAs fail to examine is the fact that there is a difference between everyday applied and practical knowledge. A business can be handed down from generation to generation, started from scratch, acquiesced, restructured, or even dissolved. Whether you decide that you can create a business that manufactures microchips or simply want to deal with cyber security, applied knowledge should be weighed equally against practical knowledge. You can hire people to do the parts of the job that you are unfamiliar with, but you should also know enough to be able to tell how well they are doing.
Someone who holds an MBA can succeed in any part of the business world, especially as company founders. They can do their own hiring, fundraising, networking, and public relations. More importantly, an MBA holder is an excellent candidate as the face of new start-up companies.