3 reasons why I chose to get an MBA as a budding entrepreneur.

I remember two and a half years ago, walking across the stage at St. John’s to receive my diploma in liberal arts. And then 2 years later I ended up at W.P. Carey School of Business at the #1 innovative school in the USA, Arizona State University. Why did I choose this path?

Upon graduation, the entrepreneurial itch came back in full force. I was not yet reconciled to the world and I decided to sit down and investigate my relationship to money, the world, and my relationship to starting up. In the meantime, I was working at a real estate non-profit organization making an impact in my community, then I went to work for a locally owned bank again one that was making a difference in the local Santa Fe community. My desire was to start something that would make an impact, and it still is.

So, I went ahead and tried my hand at entrepreneurship and it led me to get an MBA. The following are my top 3 reasons for choosing this path.

1. Network

It can be tough to start up without knowing people in your industry or without the right human capital in your network. Many times, creating a new product takes pro-bono work from oneself and others in that person’s network. It can take months of coding, ideation, testing, and refining of a product, idea, software etc. And all this would be tough to fund unless you have a bucket of gold you found at the end of a rainbow.

Without that, having a strong network of people you know, who know other people you don’t know is quite helpful. Getting my MBA allows me to find people who can help your startup begin, grow, and establish itself. More importantly, if your goal is to make an impact as mine is, then you get to know people who are making waves, and you get to be their network and help them startup and grow.

A network is wonderful in how it helps fulfill the itch we all have. The itch to connect. Beyond making the world a better place, it’s always wonderful to share the fruits of the activities that make an impact or share the activities themselves. And an MBA is just the place to get to know people. Your network immediately expands upon arrival. Your very classmates are your future network – the more the merrier. And your network keeps on growing as info sessions come up, company sponsored events etc. All the while you learn how to build relationships and how not to do it, without worrying how it will impact your business…not yet.

2. Exit strategy

I have been told by one experienced strategist to have a Plan A, a Plan B and a Plan C. Then think of a Plan Z where if all else fails you are assured of success and you will exit. I always have a plan Z. My exit strategy as an entrepreneur is to get a wonderful job.

I know what I am passionate about.

I know which companies I would love to add value to.

And I would like to start my own business.

I am making efforts – even with my tight schedule – to work on a startup so I can apply lessons from MBA classes as I learn them. On the other hand, I am sure that if all else fails, I can get an excellent job, with a company that does what I am passionate about.

It is almost like jumping off a cliff with a safety net beneath you…you can only hope that the fall isn’t too long. There is everything to gain and nothing to lose. One could say time is lost and I have accounted for that in my last reason below

3. To learn

This may be obvious but yes, I decided to get my MBA to learn.

I remember a friend of mine who bought a business in New Mexico. He said his biggest regret was how he bought the business. He learned later that he could have avoided a certain huge levy had he structured the purchase differently. That lack of knowledge cost him many zeroes, and so he paid for that education. And that is what I mean by learning. Gaining the basic knowledge of the foundations of what and how a business lives and breathes as a separate legal entity.

I am confident that one can get an MBA in 7-10 years of real-world business without going through a formal education. Yet the challenge is that some of the mistakes one makes along the way would be avoidable had they learned all about them the first 2 of those 10years. And that some of the problems they will face have already been solved by others in a manner that is studied in an MBA program.

As I searched for a business partner, I quickly realized how tough it was to pick someone. I quickly realized it was almost like hiring but I knew nothing about Human Resources or Human Behavior in their capacity as employees. Further, there were some legal and financial aspects of which I wasn’t sure. A lawyer or CPA would have clarified it all for me, I did not have the money to pay them. An MBA student would have known what to do but I did not know any MBA students. So, I decided to become one.

 

Allen Matsika

Born and raised in the small town in the land of milk and honey in south central Africa, I moved to the USA to study philosophy. The hope was to understand where humanity had lost its way. I took a historical perspective on the trajectory of western thought and was especially struck by Thucydides' History of the Peloponnesian War. The memorable description of human nature in that book contributed greatly to my understanding of the human condition.

Life is a misery to be endured until we die. Even those with terminal illnesses find times of respite and laugh and enjoy their lives. So too is mortality a terminal illness. We will all die, I for one am glad this is so. But before that day I will define myself, I will not go without giving everything I have got, and I will love with all my heart.

I am proud to be an Afropolitan; a world citizen of African descend. I am called Allen and I love writing, eating, and singing in the shower!

Allen Matsika

Born and raised in the small town in the land of milk and honey in south central Africa, I moved to the USA to study philosophy. The hope was to understand where humanity had lost its way. I took a historical perspective on the trajectory of western thought and was especially struck by Thucydides' History of the Peloponnesian War. The memorable description of human nature in that book contributed greatly to my understanding of the human condition. Life is a misery to be endured until we die. Even those with terminal illnesses find times of respite and laugh and enjoy their lives. So too is mortality a terminal illness. We will all die, I for one am glad this is so. But before that day I will define myself, I will not go without giving everything I have got, and I will love with all my heart. I am proud to be an Afropolitan; a world citizen of African descend. I am called Allen and I love writing, eating, and singing in the shower!

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      I’m sorry, I did not know what to do with you comment so it has been sitting here. I am not the one who can help with your request, and I am sure if you go online, and find the link to admissions for ASU W.P. Carey you can start your journey there. Applications are open now I believe. All the best.

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    I’ve learned result-oriented things by your weblog. One other thing I want to say is always that newer laptop os’s are likely to allow extra memory to be used, but they furthermore demand more ram simply to work. If one’s computer can not handle much more memory and also the newest computer software requires that memory increase, it can be the time to shop for a new Computer system. Thanks

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  • July 16, 2018 at 12:46 pm
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    Thanks for enabling me to obtain new thoughts about computer systems. I also have the belief that certain of the best ways to keep your mobile computer in excellent condition is to use a hard plastic case, or shell, that will fit over the top of the computer. A lot of these protective gear will be model unique since they are manufactured to fit perfectly in the natural casing. You can buy them directly from the owner, or via third party places if they are available for your notebook, however only a few laptop can have a cover on the market. Again, thanks for your ideas.

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  • July 16, 2018 at 1:16 pm
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    Thanks for your blog post. Things i would like to contribute is that laptop or computer memory needs to be purchased when your computer still can’t cope with anything you do by using it. One can mount two RAM boards containing 1GB each, for instance, but not one of 1GB and one with 2GB. One should look for the company’s documentation for the PC to make certain what type of memory space is needed.

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  • July 16, 2018 at 1:50 pm
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    One thing I’d like to say is the fact before obtaining more computer system memory, consider the machine in which it could well be installed. In the event the machine is running Windows XP, for instance, the particular memory threshold is 3.25GB. Putting in over this would merely constitute a waste. Be sure that one’s motherboard can handle your upgrade quantity, as well. Interesting blog post.

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  • July 16, 2018 at 3:54 pm
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    One thing I would like to say is the fact before buying more pc memory, consider the machine into which it would be installed. When the machine is running Windows XP, for instance, the actual memory ceiling is 3.25GB. Adding greater than this would merely constitute just a waste. Make sure that one’s motherboard can handle the upgrade amount, as well. Great blog post.

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  • July 16, 2018 at 4:32 pm
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    Things i have seen in terms of personal computer memory is that there are features such as SDRAM, DDR and the like, that must match up the features of the mother board. If the pc’s motherboard is very current while there are no main system issues, replacing the memory space literally usually takes under one hour. It’s on the list of easiest laptop upgrade processes one can imagine. Thanks for discussing your ideas.

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  • July 16, 2018 at 6:37 pm
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    I have really learned newer and more effective things via your website. One other thing I want to say is that often newer computer operating systems have a tendency to allow extra memory for use, but they furthermore demand more storage simply to function. If one’s computer can’t handle more memory as well as the newest software package requires that ram increase, it is usually the time to buy a new Computer. Thanks

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  • July 16, 2018 at 6:41 pm
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    Thanks for enabling me to achieve new ideas about pc’s. I also hold the belief that certain of the best ways to maintain your notebook in best condition is by using a hard plastic material case, or perhaps shell, which fits over the top of the computer. A lot of these protective gear are usually model unique since they are manufactured to fit perfectly across the natural covering. You can buy these directly from owner, or from third party sources if they are intended for your mobile computer, however not every laptop could have a spend on the market. All over again, thanks for your suggestions.

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  • July 16, 2018 at 11:04 pm
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    Things i have observed in terms of pc memory is that often there are specifications such as SDRAM, DDR and the like, that must fit in with the specifications of the mother board. If the personal computer’s motherboard is rather current and there are no os issues, replacing the memory space literally normally requires under a couple of hours. It’s one of the easiest computer upgrade methods one can think about. Thanks for sharing your ideas.

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  • July 17, 2018 at 12:13 am
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    Thanks for your article. I also think laptop computers have grown to be more and more popular these days, and now are sometimes the only form of computer included in a household. This is due to the fact that at the same time they are becoming more and more inexpensive, their processing power is growing to the point where they are as highly effective as pc’s coming from just a few years back.

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  • July 17, 2018 at 3:30 am
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    Thanks for your blog post. Some tips i would like to bring about is that laptop memory should be purchased if the computer is unable to cope with what you do with it. One can add two RAM memory boards having 1GB each, for example, but not certainly one of 1GB and one having 2GB. One should always check the car maker’s documentation for one’s PC to be certain what type of ram is needed.

    Reply
  • July 17, 2018 at 5:35 am
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    Thanks for your article. I also believe laptop computers have become more and more popular right now, and now are sometimes the only sort of computer employed in a household. This is because at the same time actually becoming more and more economical, their working power is growing to the point where they may be as highly effective as pc’s coming from just a few years back.

    Reply
  • July 17, 2018 at 11:38 pm
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    One thing I want to say is the fact that before purchasing more computer memory, take a look at the machine within which it would be installed. When the machine is definitely running Windows XP, for instance, the memory ceiling is 3.25GB. The installation of over this would merely constitute just a waste. Make certain that one’s mother board can handle this upgrade quantity, as well. Good blog post.

    Reply
  • July 18, 2018 at 2:41 am
    Permalink

    I’ve learned result-oriented things as a result of your website. One other thing I’d really like to say is the fact that newer computer system operating systems are inclined to allow much more memory to be used, but they likewise demand more memory space simply to function. If a person’s computer cannot handle additional memory plus the newest application requires that memory space increase, it can be the time to buy a new PC. Thanks

    Reply
  • July 18, 2018 at 5:51 am
    Permalink

    The things i have seen in terms of laptop memory is the fact there are features such as SDRAM, DDR and the like, that must go with the specifications of the motherboard. If the pc’s motherboard is pretty current and there are no os issues, modernizing the memory literally usually takes under a couple of hours. It’s one of the easiest laptop or computer upgrade procedures one can consider. Thanks for expressing your ideas.

    Reply
  • July 18, 2018 at 9:35 am
    Permalink

    I have learned newer and more effective things by your website. One other thing I’d really like to say is always that newer computer os’s have a tendency to allow a lot more memory to use, but they likewise demand more memory space simply to perform. If your computer is unable to handle more memory and the newest software program requires that memory increase, it is usually the time to shop for a new Computer. Thanks

    Reply
  • July 18, 2018 at 10:06 am
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    I do like the way you have presented this specific matter and it does indeed give me a lot of fodder for thought. However, from just what I have personally seen, I really trust when other opinions pack on that people remain on issue and not start upon a tirade associated with the news du jour. Still, thank you for this superb piece and though I can not go along with the idea in totality, I value your perspective.

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  • July 18, 2018 at 10:57 am
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  • July 19, 2018 at 12:06 pm
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    Hello it’s me, I am also visiting this web page regularly, this site is genuinely good and the viewers are really sharing nice thoughts.

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  • July 19, 2018 at 2:22 pm
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    Woah this weblog is wonderful i love studying your articles. Keep up the good work! You know, a lot of individuals are searching round for this information, you could help them greatly.

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  • July 19, 2018 at 11:11 pm
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    One thing is that often one of the most common incentives for applying your cards is a cash-back or rebate offer. Generally, you’re going to get 1-5% back upon various expenses. Depending on the credit cards, you may get 1% again on most expenses, and 5% back again on expenditures made on convenience stores, gasoline stations, grocery stores along with ‘member merchants’.

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  • July 20, 2018 at 3:37 am
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    Today, with all the fast life style that everyone leads, credit cards get this amazing demand in the economy. Persons from every area are using credit card and people who not using the credit cards have made arrangements to apply for one. Thanks for expressing your ideas about credit cards.

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  • July 20, 2018 at 6:43 am
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    Thanks for your strategies. One thing really noticed is banks and also financial institutions understand the spending habits of consumers as well as understand that the majority of people max outside their cards around the trips. They properly take advantage of this particular fact and start flooding a person’s inbox in addition to snail-mail box with hundreds of Zero APR card offers shortly when the holiday season ends. Knowing that if you are like 98% of the American public, you’ll rush at the one opportunity to consolidate financial debt and move balances towards 0 apr interest rates credit cards.

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  • July 20, 2018 at 9:55 am
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    Thanks for these tips. One thing I also believe is the fact credit cards giving a 0% interest often appeal to consumers together with zero rate, instant endorsement and easy online balance transfers, but beware of the number one factor that will void your own 0% easy neighborhood annual percentage rate as well as throw you out into the very poor house quickly.

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  • July 20, 2018 at 11:47 am
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    Hello there friend! When I originally commented I clicked the -Notify me when new comments are added- checkbox and now each time a comment is added I get four emails with the same comment. Is there any way you can remove me from that service? Thanks! Again thanks alot for this!

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  • July 20, 2018 at 1:38 pm
    Permalink

    Today, with the fast life style that everyone is having, credit cards get this amazing demand in the economy. Persons throughout every area are using credit card and people who are not using the credit cards have made arrangements to apply for 1. Thanks for expressing your ideas on credit cards.

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  • July 20, 2018 at 1:56 pm
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    Thanks for some other great article. Where else could anybody get that type of info in such an ideal means of writing? I have a presentation subsequent week, and I am at the search for such info.

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  • July 22, 2018 at 11:47 pm
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    Valuable information. Lucky me I found your website by accident, and I’m shocked why this accident did not happened earlier! I bookmarked it.

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