Friday, 13 June 2025

Is it important to have an MBA degree to be a successful entrepreneur? A new book that I'm reading - The Personal MBA

 

Hello all! It's been a while since I posted. I've been busy reading a very interesting book by Josh Kaufman titled "The Personal MBA...a world-class business education in a single volume". 


This is just the book for those who are in business or planning to go into business but do not have an MBA degree. And this book came at a time when I was actually thinking about writing a post on the same subject after I remembered a conversation I had had with students in one of my classes. Having taught at a B-School and worked with entrepreneurs, this was an interesting subject to talk about. 

I will write a detailed review once I'm fully done. For starters, this book is like a 'crash course in business'. It is about having experience as a teacher

For those of you wondering whether you need an MBA to be a businessman/woman, here's what Josh says very early in the book "Skip business school. Educate yourself

He lists three problems with Business Schools:

1. MBA is expensive and ROI is questionable

2. Many of the things taught in an MBA program are outdated, he even calls it worthless as it doesn't teach how to start or improve a real operating business, which means working knowledge is not there.

3. Having an MBA degree does not guarantee a high-paying job and nor does it make one a skilled manager or leader.

His advice - "instead of spending huge sums of money to learn information of questionable value, you can spend your time and resources learning business concepts that matter"

Stay tuned for more as I continue to read. Will keep posting small snippets from the book as I go. 

Here's a link for you to pick up the book if you are also a reader:

https://www.amazon.in/Personal-MBA-World-Class-Business-Education/dp/0670919535



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