How Entrepreneurship MBA Assists Small Business

Over the years many have debated the true value of earning an MBA (Masters in Business Administration). To some an MBA degree does not mean much in the real world of business, while to others it does mean a whole lot. Now the debate continues with many of the people who have earned an MBA from some of the top B-schools in the world pointing out the relevance of an MBA to the business world on their sites and elsewhere. But the issue doesn’t end here as there is a growing trend in today’s MBA classes and it is a focus on entrepreneurship.
Yes, today many business schools are now offering MBA with a special focus on entrepreneurship with reports showing the growing trend among MBA students to be that of receiving some sort of entrepreneurship training, while undertaking an MBA program. In fact, some of the best business schools are now helping their students more than ever before to launch their businesses. So what if you are considering enrolling with one of these business schools and wondering how this can assist your small business.

Well, if this is the question that you need an answer to, then here are some of the ways in which an entrepreneurship MBA can assist that small business of yours. This includes:

It will educate you

This first point might sound quite funny since you are in business school in the first place to receive some sort of education. But the truth of the matter is that attending b-school to receive entrepreneurship MBA will expose you to fundamental management precepts as well as that of planning, organization, financing, investing, and much more that you truly need. It will help you understand better some of the concepts you might have been grappling with on managing or running your own business. For start-up entrepreneur it will give you a sound footing to launch your own business. 

Networking

This might be what will continue to help you in years to come after completing your entrepreneurship MBA program, if you know how to tap into it. You will have the opportunity of increasing your network of entrepreneurs who can be of immense help to you later on in your business life. There will be people that you will be doing home-work together with and soon after they will become part of your network. Moreover, several good b-schools support networking and so will provide channels through which you can engage or connect with other students as well as the school’s alumni.    

Credibility factor
Now although many people have succeeded in starting and growing their businesses without having any college or university degree to their names, there is a case for entrepreneurship MBA regarding credibility. That is if you earn this degree it will most likely make people who want to invest in your business have some level of trust in your ability. Moreover, you will definitely find it easier to convince or explain your business model, etc. to prospective investors just in case you need to do so due to the knowledge that you now have. 

Limitations of an entrepreneurship MBA program

An entrepreneurship MBA just like other types of MBAs will not make you into an entrepreneur if you don’t already have it in you. This cannot be overemphasized. Attending b-school shouldn’t be about “learning” to become an entrepreneur. Rather what it should be about is enhancing the innate ability that has been there over the years. You cannot acquire entrepreneurship just by attending one or more years of business school. No it just doesn’t work that way.      
     
Author Byline
The article is shared by Jason Phillips; he is a manager and counselor who advise How to get into Wharton easily. Hard work pays off in the long run.