what is the best specialization in MBA for an Entrepreneur

posted
29-Jun-12, 06:21
edited about 19 seconds later
Avatar for jenstallon
posted about 7 years ago
This question arises in my mind, that an entrepreneur needs to be specialized in all streams of Management. So what will be the best specialization for him. Is it Marketing, Finance, HR or Operations. I personally believe that it also depends on business to business. If your business is Customer oriented then marketing will be good, if it is product based then may be operations is better. But it is always difficult to decide what is best.
posted
02-Jul-12, 11:28
edited about 18 seconds later
by Reenie
« Moderator »
Avatar for Reenie
posted about 7 years ago
Hi Jenstallon,

I don't know the answer, but there are specialist MBAs with a focus on entrepreneurship:

http://www.findanmba.com/search/courses.aspx?keywords=entrepreneur
posted
03-Jul-12, 12:25
edited about 28 seconds later
by anisans
Avatar for anisans
posted about 7 years ago
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yes,definitely that an entrepreneur needs to be specialized in all streams of Management but i think As an entrepreneur, you may have specialized skills in marketing or product development. But there are areas where it makes good sense to draw on the experience of professionals.
For example, if your business is going to do well, the numbers have to add up. A good accountant can help you understand margins and profits and help you anticipate problems.
posted
03-Jul-12, 15:50
Avatar for Dalmation
posted about 7 years ago
I would venture to say that the best education for an entrepreneur is experience, and evidence of success at running a small business. I know several people, including family members, who are successfully running their own businesses without MBAs. Unlike academia, the bank doesn't care what degree you have when deciding on business loans. They're more impressed by a profit margin, and a good plan. It's better to focus on developing a quality product or service using an MFA, Education degree, culinary degree, etc., because at the end of the day, if the product or service isn't quality, great marketing tactics and an MBA diploma hanging on the wall isn't going to help you.



posted
17-Jan-13, 00:30
edited about 1 minute later
Avatar for ReaderinPikey
posted about 6 years ago
I think if you go down an ent'er route, it would be more important to have a MBA from a prestigious business school. It just makes your credentials more convincing, doesn't it? If you have no clients/customers, you have no business. The company's brand name really helps your sales pitch. Once you leave a major firm and starts your own business in your niche, your credentials get scrutinised.

You can't use findmba.com to find a MBA - you know a few good business schools and you have to stick to the list. If you don't get in, then it's probably better off not doing a MBA at all.
posted
19-Nov-16, 09:49
Avatar for roselisa891
posted about 3 years ago
In my opinion an MBA degree is not necessary for becoming an entrepreneur. All you need is a good business plan. A viable revenue model will help you get funding from venture capitalists. All you gotta do is try hard enough and don't lose hope.
posted
22-Nov-16, 04:28
by pm133
Avatar for pm133
posted about 3 years ago
Quote From roselisa891:
In my opinion an MBA degree is not necessary for becoming an entrepreneur. All you need is a good business plan. A viable revenue model will help you get funding from venture capitalists. All you gotta do is try hard enough and don't lose hope.


You have responded to a post from several years ago so I think the original poster might have long departed.
I agree with you though.
You dont need a degree of any kind to be an entrepeneur.

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