Now that your startup has become a highly profitable endeavor, you may never want to slow down. Profitability fuels an entrepreneur’s passion, driving you to do more, do better, push harder and achieve greater heights in business. However, taking at least two years off your hectic schedule may actually do you more good than you will ever know.
What You Get from MBA?
Time to Reflect
If you become so caught up with deadlines and profits, you rarely ever have the time to look at the scenario with an objective mind. If you care to stop and step backward, you can view your startup for what it is from the outside, in. You can also reflect on the issues concerning your business and perhaps find time to address them in a more relaxed manner.
Chance to Network
Most, if not all, students taking MBA are highly talented and highly skilled. Studying alongside them is already a great accomplishment in itself because you can make friends, build your network, and learn to work with various personalities. Knowing other people also broadens your horizon and deepens your understanding of the world around you.
Understand the Market
Not only will you get to know a bunch of interesting individuals, you also get to study about the market. Through an MBA, you will be exposed to other markets outside the ones your business is currently serving, and reflect on whether your strategies remain viable for the next ten or so years.
Maybe you are still using the old ways of doing business, and are not considering modernization simply because the old works for you. Well, perhaps you are just too afraid of the new things because you do not understand them that much. In school, you expose yourself to advance technologies, and this could open your eyes to the possibility of adapting them to your business.
Face New Challenges
Your professors are going to present various challenges, in theory and in practice, to stir you up in the inside, to make you think outside the box, and to make you challenge your old ways. This brings excitement to your rather mundane entrepreneurial life and sparks enthusiasm in a rather ordinary day in business and life in general.