An entrepreneur friend who has a great web based business recently caught up with an old family friend. The conversation went something like this.
“So, your mum tells me you are running a business now.”
“Yes, we are going really well, we have some amazing big name customers who recognise that we fulfil a need they didn’t know how to service.”
“Who’s the MBA in your organisation?”
“Umm, we don’t have one.”
“Who’s the CEO?”
“I am.”
And it went downhill from there. The family friend was of course in the middle of studying an MBA.
There are a lot of great business schools. There are a lot of great people who eagerly learn how to run a business while doing their MBA.
However, I’d add another observation. Almost all of the most successful entrepreneurs I know of didn’t finish university, and many didn’t even finish high school.
Business is about identifying an opportunity and backing yourself to take the risk of doing it. You don’t need to understand all the nuances of ‘business administration’ – instead you can surround yourself by people who do.
So don’t put off starting for years while you study your MBA part time – jump in the deep end now. You will learn – I can guarantee it.
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