4 Things You Can Learn About Entrepreneurship From an MBA FB&E Programme

by Nirma Admission Nirma University Admission

Did you know that the majority of start-ups fail in their initial years?

Entrepreneurs today need all the support they can get when it comes to navigating the startup scene. Pursuing an MBA degree in Family business management & entrepreneurship can help you refine the skills needed to make a start-up successful.

At the Institute of Management, Nirma University, budding entrepreneurs get to apply management concepts & frameworks for solving business problems. Students get to demonstrate their entrepreneurial skills and develop functional and business management skills.

Such programmes give young students the boost they need to embark on their own projects.

Let’s checkout the skills that an entrepreneur learns through an MBA degree:

Networking skills:

An MBA programme provides you with a platform to engage with an extremely diverse pool of people, ensuring you build a very substantial network within a short span of time. To an entrepreneur, it is imperative to have a network that stretches across sectors and, even more importantly, across geographies. You learn how to get across your point or pitch in a way that is sensitive to the society you communicate with. They teach that it is not only about what you're doing, but about how you 're saying it!

Take risk from estimates.

You are advised to take chances during the MBA phase. That is important for entrepreneurs; becoming an entrepreneur is never without risks. Performance in business is about making calculated decisions that maximize opportunities while minimizing the risk.

Adopt a view on "sustainability."

Students are required to contemplate the effect of their decisions on themselves and others — today, tomorrow, and years into the future. An entrepreneurial mentality rooted in environmental understanding would be of greatest benefit to anyone in our global economy.

One of the most critical aspects of the M.B.A. experience is to leverage the opportunities through curricular and extracurricular activities. For example, at my school, you can be a part of the Venture Capital Club and/or the Entrepreneurship Club where you can engage with alumni and other business leaders, providing a forum to discuss the latest entrepreneurship trends.

You will acquire the invaluable skills you need to become an entrepreneur with an M.B.A. program — be it creating your own company or cutting your way into traditional industry.

Leverage opportunities outside the classroom.

One of the most important aspects of the M.B.A. experience is the opportunities you will have outside of the classroom. Like at Institute of Management, Nirma University you get to a global exposure through international and national industrial visits. Through an M.B.A. programme, you can gain the invaluable attributes you need to become an entrepreneur—be that setting up your own business or carving your way in traditional business.

Ready to take on the world with these skills?

Then apply for MBA Family Business & entrepreneurship degree programme at Institute of Management, Nirma University.