If you’ve ever wanted to do your own business, or felt that you need some kind of education or guidance to get started, don’t waste your time pursuing a business degree.
Of course, I’m only speaking from my own experience.
I took a degree in Business from the National University of Singapore. I always thought it was peculiar that all my lecturers, who have never sold even a pencil in their lives, were there teaching students about business.
And the most intriguing thing was, the module on entrepreneurship (which what most people would consider a foundational module) was optional!
As I looked at my peers to my left and to my right, I asked them ‘So what do you intend to do after you graduate?’
‘Get a job, of course!’ was almost always the typical reply. No wonder.
That was the paradigm, the reality box that most people have; Study hard, get good grades, find a job … and pretty much slog like a donkey for the rest of their lives.
Now, I’m not saying the university lecturers are out to scam us. But memorizing textbook answers and regurgitating marketing theories is a far cry from the real world experience that any potential entrepreneurs require.
That’s why those who throw tens of thousands of dollars more into getting an MBA really, really bothers me. No, it disturbs me.
Rare is the person on the street one who doesn’t have a degree in his/her hand. The paper chase and the MBA mills are far too common today.
Having that one more certification does zilch in preparing one to realize his niche, build a business around it, systemize the process and scale!
Many people have the false impression that possessing a degree is something they can ‘fall back on … just in case’.
Well, fall back on it all you want … if you’re content living your life in quiet desperation.
The path to success, though not easy, is a simple one to understand; realize what you want your business to be about, find a successful business person who has been there and done that, then learn from him/her. Be their apprentice, learn the ropes, emulate these mentors.
Even if you work for these mentors for free, one month under their wing is worth more than 4 years of degrees and MBAs, period.
There’s nothing to ‘fall back on’. When at first you don’t succeed, stand up, dust yourself off, and keep going.
Then hire those with MBAs to work for you. Get it?