I have done my B.Com and I want to join my family business or start my own. Is it worth pursuing an MBA for your family business?

Will it be helpful in starting my own business ?

1 Follower | 920 Views | Posted 6 years ago
Asked by Jainam Shah

  • 30 Answers

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  • Shiksha Ask & Answer

    Answered by

    Dharamveer Dheer Educator at University | Scholar-Level 18

    2 years ago
    Entrepreneurs, these are the people who either start or run a business in any commercial field. Entrepreneur is a very unique skill or quality. Till few years back it was said that entrepreneurship cannot be taught, it comes naturally to some people. But with advent if newer technologies, new rules, regulations and compliance, newer set of competitors and innovators there is a need of specific training/course to make it big in business. Since entrepreneur is the one who drive the economies and create jobs, it become all the more important to have proper trainings for the talented people aspiring to become one. A logical step followed, MBA Pro... view more
  • Shiksha Ask & Answer

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    Vineet Kumar Rohilla Persuing BBA from JIMS Kalkaji(IP University) | Guide-Level 12

    3 years ago
    There is no minimum qualification necessary to start a business, but yes to be a successful entrepreneur you must have knowledge of the field, so doing MBA is surely going to help whatever nature of business, it may be. So, just go for it.
    Regards.
  • A

    Answered by

    Ahana Sharma | Scholar-Level 16

    2 years ago
    Dear Jainam, An MBA in Entrepreneurship is a traditional Master of Business Administration (MBA) programme with a concentration in Entrepreneurship. Students learn through traditional classes, through case studies and project-based assignments, and will even create a much business or business plan in their capstone class. The Business School of LPU is accredited from (ACBSP) Accreditation Council for Business Schools and Programs from the USA ensuring quality education and industry experienced faculty members, studying in LPU will get a degree accredited from a body of USA. LPU Is Ranked No. 2 Among Indian B-Schools In 'Outreach And Inclusivi... view more
  • Shiksha Ask & Answer

    Answered by

    sumit chaturvedi | Contributor-Level 6

    5 years ago
    As the MBA program would give you new ideas, tactics and knowledge to lead your business to professional level apart from that you will have knowledge of getting the things done efficiently and quickly. B.Com teaches you bit of accounts and taxation, which is not enough. An MBA would rather give you an idea to expand your knowledge to manage accounts and business in a professional way.
    Good luck.
  • Shiksha Ask & Answer

    Answered by

    Khushal Arora | Scholar-Level 16

    2 years ago
    Hello! I would say a Big Yes. Go for MBA. MBA helps to understand business in depth. One can learn a lot before entering into the business. It gives exposure to trends and strategies which are followed by great corporates. It helps to learn the language of business on which it runs. Some concepts and techniques will broaden the mind to think in different ways. It also encourages to think out of the box after listening to lot of success stories. MBA is not about passing the exam, it's more about building your confidence and personality. It gives exposure to outside world. Master of Business Administration (MBA) programme with a concentration i... view more
  • Shiksha Ask & Answer

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    Barkha Dubey PGDM at BIIB (sales &marketing 2015-17) | Contributor-Level 10

    5 years ago
    Yes, it will benefit you. You learn will learn a lot about management field. If you want to join your family business, then opt for MBA in entrepreneurship.
  • Shiksha Ask & Answer

    Answered by

    Swapnaneel Bhuiya | Scholar-Level 17

    3 years ago
    MBA (Master of Business Administration) provides programs that include a core curriculum of subjects, such as accounting, economics, marketing, and operations. Some schools require those MBA candidates who have completed their internship at a company or organisation, which can lead to concrete job opportunities after the programme. Follow your own path, and you have also done B.Com so you already have some knowledge of taxation and economic. In my point of view, you should do MBA and do an internship. It will help you understand the market, then you can start your own business or join your family business. But, remember one thing, when you jo... view more
  • S

    Answered by

    Shikhar Patel | Guide-Level 13

    2 years ago
    MBA (Master of Business Administration) provide programs that include a core curriculum of subjects, such as accounting, economics, marketing, and operations. Some schools require those MBA candidates who have completed their internship at a company or organisation, which can lead to concrete job opportunities after the programme. Follow your own path, and you have also done B.Com so you already have some knowledge of taxation and economic. In my point of view, you should do MBA and do internship.
  • Shiksha Ask & Answer

    Answered by

    Juhi Bansal Explore your self | Guide-Level 14

    4 years ago
    MBA (Master of Business Administration) provide programs that include a core curriculum of subjects, such as accounting, economics, marketing, and operations. Some schools require those MBA candidates who have completed their internship at a company or organization, which can lead to concrete job opportunities after the program. Follow your own path, and you have also done B.Com, so you already have some knowledge of taxation and economic. In my point of view, you should do MBA and do internship. It will help to you understand market, then you can start your own business or join your family business. But, remember one thing, when you join, yo... view more
  • R

    Answered by

    roopali arora

    2 years ago
    MBA is suitable as you would be able to serve front-end sales customer- in better manner as graduates having a management degree are perfect for, customer facing jobs and field applications. MBA widens the career scope as well it opens the door for top level managerial position. You can pursue MBA from colleges like IPS Business School which has been at the forefront of Management Education, developing and inspiring various fields of graduates into business leaders who strive to make a deep, positive and lasting impact on the people, companies and society they serve.

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