How an MBA Can Make You a Better Entrepreneur

A lot of people dream about working for themselves, making investments while jet setting around the world. In general, entrepreneurs are thought of as independent thinkers with the knowledge and gumption to make calculated risks. They are often able to get involved in lucrative projects because they are in contact with influential movers, shakers, and major players in various industries. So, how can getting an MBA make you an overall better entrepreneur? Here are a couple of clues.

What Does Being an Entrepreneur Mean?

Entrepreneurs are people that work for themselves. Unlike business owners, entrepreneurs are solely dependent on themselves. They might find a newly emerging technology and invest in companies that require funding. Sure, an entrepreneur might also own a bunch of different businesses, but their focus will always be on new and different projects. A really good example of an entrepreneur is Sir Richard Branson, founder of Virgin. He may be best known for the Virgin brand, but that is certainly not where he started. In short, being an entrepreneur means thinking differently and believing in your full potential. If you see yourself as the owner of a company valued at a billion dollars, you might be an entrepreneur.

What It Takes to Be a Consummate Entrepreneur

To be a successful entrepreneur, you have to know how to make finances work for you. A budding entrepreneur might start off working toward an online MBA program accelerated and end up creating a company while still in college. Yes, it is hard to go to college and work, and it is most definitely a lot harder to head a company while working toward an MBA. At the same time, lots of entrepreneurs know that they have to do more than one thing at a time. Instead of working to create one company, they work to launch four. They don’t just work towards their Masters of Business degree, they go to school, start a family, and work several jobs simultaneously.

How Education Makes a Difference in the World of Entrepreneurs

Historically speaking, there were lots of entrepreneurs who only completed middle school before going out and conquering the world. Of course, 100 years ago it was also a lot easier to just walk into a bank and be able to convince the manager to give you a loan for your business. Now, there are business plans, business credit, collateral, and more. Getting an education is important because it can actually help you to become an entrepreneur faster. Think of receiving an MBA as getting a crash course in the world of entrepreneurship. You get to learn about the technology, tools, and other skills needed to become totally independent.

You don’t need money or influence to become an entrepreneur. Instead, you need tenacity, strength and intelligence. Not everyone is going to be a whiz kid capable of passing the Series 7 exam right out of high school. For most, getting an MBA is exactly what is necessary to become sharp, focused, and confident enough to forgo getting a ‘real job’ and instead following a dream.

All opinions expressed on USDR are those of the author and not necessarily those of US Daily Review.