An MBA is a professional degree which aims to create good managers.
It teaches participants a host of skills such as Marketing, Finance, HR, Strategy
etc. which are required in running a firm.
An MBA does help in start-ups as it helps in:
Creating a framework for Business: Once a startup grows past
it’s initial phase, systems are required to ensure growth on an ongoing basis.
This is where the MBA knowledge comes handy. Learning from other case studies
during the MBA, the founder is able to pick up best practices and implement
those in his/her startup.
Academic Credibility of the Founder: Having more founder credibility
gives the business a better acceptance by investors and other stakeholders.
Networking: An MBA Founder can use his/her network from
college to assist in the business.
Having an MBA degree can also have a flip side.
: MBA Founders are more fixed in their thinking and might not
be as open to changing/learning as compared to the others.
: There is an opportunity cost of time. The learnings from
starting a company would probably be more as compared to doing an MBA.
