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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?

Career Talk Work & Career 2 years ago

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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?
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Posted on 16 Aug 2022, this text provides information on Work & Career related to Career Talk. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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Answers (7)

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manpreet Tuteehub forum best answer Best Answer 2 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.
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manpreet 2 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.
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manpreet 2 years ago
Yes, go for MBA because MBA provides programmes that include 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. It will help to you understand market, then you can start your own business or join your family business.
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manpreet 2 years ago
Yes, don't think too hard just do it but it would be better to work for 2 years somewhere else even if your family has its own business. That's because your experience and exposure will enhance by that.
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manpreet 2 years ago
I suggest you to go for MBA after completing your B.Com. As MBA will enhance both your management and marketing skills. Further doing MBA from a good and reputed college will provide you good platform and exposure. Future scope after doing MBA are a lot. MBA is good option after B.Com.
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manpreet 2 years ago
It will help you to have a different perspective towards your own business and may help in bringing valuable improvements.
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