What Entrepreneurs Should Know Before Starting An MBA
Running a business is never an easy task and having prior knowledge of the nuances of business can be an invaluable asset for you and your business. A degree in business administration is a great way to ensure that you know all the technicalities involved in running a successful business. However, there are times when it is not entirely possible to get an MBA before starting a business; nevertheless, know that when it comes to getting the necessary knowledge, better late than never. Here are some tips for you to follow if you are interested in studying after starting your business.
1) The Application Process Should Be Down to The Letter
Going to college is just as difficult whether you are a freshman or a seasoned entrepreneur looking to hone his or her craft. Application processes can be very stressful if they aren’t handled properly. For instance, you may find it difficult to get substantial letters of recommendation because, unlike most day job workers, you do not have a boss or manager that you report to. Try to get these from other people involved in your business, like satisfied customers or clients, partners or mentors who are familiar with your business. To ensure that your request isn’t rushing them in any way, make sure you ask your recommenders to write their letters roughly two months in advance, so that they have enough time to write a detailed letter.
2) Use Your Networking Skills to Your Advantage
All your classmates are enrolled in the program for very similar reasons as your own; this means that for several reasons, it is in your best interests to connect with all of them. While you are still in school, interacting with them will allow you to gauge their strengths and decide how they can help you and vice versa. Business school is not easy and having friends around who can help you through can be an invaluable thing. After school, there is no way of knowing what the future holds for everyone in your program. Make a lasting impression on them now so that you are memorable to them for years to come.
3) Study Extremely Hard
Business school is not a wishy-washy program that involves sitting in a classroom, listening to a professor drone on for an hour and then forget about the things taught in the class the minute you step out. Getting a business degree requires tremendous effort. Make sure you engage your teachers and ask them questions in the classroom itself; waiting until after the class ends is not always the best idea.
4) Hold Your College Accountable
As a student, you are paying your college to teach you what you need to know to survive in the world of business. Do not hesitate to ensure that your school is doing just that. Effort is not expected from the students alone; the teachers are expected to do the same. If your teachers are not delivering in anyway, call them out on it; reading out from a book or a PowerPoint presentation is not enough. Ask your teachers to give you real scenarios in which the concepts taught can be applied, preferably from their own experience.
5) Stay Confident and Keep the Faith
A positive mental attitude will get you through all the hardships that business school will throw at you. Good leadership skills and business acumen will come if you retain your confidence in who you are and what you do; the fact that you are an entrepreneur means that you are already ahead of most of the students in your class. Learning to differentiate between constructive criticism and downright berating will help you take the right advice you need to help your dream take shape and discard what isn’t needed.
Getting an MBA is expensive, but with the right attitude and actions, it can all be worth it. Be sure to get as much of a college experience out of business school as you can; a balance between work and play will ensure that your mental health is taken care of while you’re busy chasing your dreams.
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