How to Become a Successful Businessman by Doing MBA Entrepreneurship?

Planning to set up new business ventures or eyeing to expand family business legacy ? The road to success is MBA in Entrepreneurship that would help you to establish yourself as a well trained businessman with many leadership roles to handle various entrepreneurial ventures.

Choose a Reputable Business School

Doing MBA entrepreneurship from a reputed and well –recognized B-School offers quality learning. The entrepreneurship program from ), Indian School of Business (ISB). Mangalayatan University , the Indian Institutes of Management (IIMs ) or from Usha Martin University hold greater importance.

Curriculum

During the learning of the entrepreneurial program the student is exposed to multi-faceted curriculum and concepts like business planning, venture capitals, risk management, backup plans for business, research and innovation of the business or product or services Etc.

Review the curriculum of the MBA program to ensure it covers essential topics related to entrepreneurship. Look for courses that focus on business planning, venture capital, innovation, and other relevant subjects.

Faculty

Check the credentials and experience of the faculty members in the entrepreneurship department. Faculty with practical experience in the business world can provide valuable insights and guidance.

Industry Connections

Consider programs that have strong connections with the industry, including partnerships with successful entrepreneurs, mentorship programs, and opportunities for internships or practical experience.

Alumni Network:

A robust alumni network can be beneficial for networking, mentorship, and future collaboration. Look for schools with a strong network of alumni who have succeeded in the entrepreneurial space.

Incubation Centers and Support

Some business schools have incubation centers or entrepreneurship cells that provide support to students in starting their own ventures. Check if the program you're interested in offers such resources.

Internship Opportunities

Practical experience is crucial in entrepreneurship. Check if the program facilitates internships or projects with startups or established companies in the entrepreneurial ecosystem.

Entrepreneurship Events and Competitions

These programs are organized by the B-Schools for the students where they can showcase their talents and ideas along with cross learning from fellow students, faculties and visiting professors and industry experts.

Career Scope after MBA Entrepreneurship

Completing an MBA in Entrepreneurship can open up various career opportunities , interests, enhance skill set depending on your interests and the industry you want to enter. Here are some potential career paths and opportunities for individuals with an MBA in Entrepreneurship:

Entrepreneur/Founder: After completing MBA in entrepreneurship the most common job opportunity would be a business man where your knowledge would be well utilized in business management managing ventures and secure funding.

Intrapreneur: Some individuals choose to work within existing companies but in roles that involve innovation and entrepreneurship. These roles, often called intrapreneurs, focus on creating and implementing new ideas and projects within the organization.

Venture Capitalist/Private Equity: With an MBA in Entrepreneurship, you may be well-suited for a career in private equity or venture capital where you evaluate and invest in high-potential startups or businesses.

Consulting:Consulting firms often look for individuals with entrepreneurial knowledge to help clients improve their business strategies, navigate challenges and plan launch of new products . Management consulting or strategy consulting roles are common in this regard.

Business Development Manager: As a business development manager, you could be responsible for identifying growth opportunities, building partnerships, and expanding the business. This role is particularly common in startups.

Product Manager: In the tech industry, product managers play a crucial role in developing and managing products. An MBA in Entrepreneurship can be beneficial in understanding market needs and guiding the development of innovative products.

Corporate Innovation ManagerSome companies have roles specifically focused on fostering innovation within the organization. As a corporate innovation manager, you may work on developing and implementing norms and strategies to keep the company competitive.

Social EntrepreneurshipIf you're passionate about making a positive impact on society, you might explore opportunities in social entrepreneurship. This could involve starting a business with a social or environmental mission or working for organizations focused on social impact.

Academia/Research: You could choose to enter academia and engage in research related to entrepreneurship. This path often involves teaching and contributing to the academic understanding of entrepreneurship.

Ecosystem Support: Work with organizations that support the entrepreneurial ecosystem, such as startup incubators, accelerators, or entrepreneurship development agencies. These organizations play a vital role in nurturing and supporting startups.

Franchise Ownership: Some entrepreneurs opt for franchise ownership, leveraging the support and brand recognition of an established business model.

It's important to note that the success of your career after completing an MBA in Entrepreneurship is governed by skillset, practical experiences, networking strategies ,current state of economy and industry along with the demand and supply of the product or services you are venturing into.