How valuable will working in onw business firm be??

Question

Hi all,

I am working for MNcs for 4 years. I want to quit my job and join my father's business (Private limited firm) which is on a pretty large scale.
I need to know if 1 or 2 years down the line i am planning to do an MBA, how much value with this experience have??

Its kinda urgent as i need to decude ASAP

Your inputs will help me a great deal

Regards,
Mohit

IndusMinds · Answer

Mohit,
If you are planning to apply this fall then you might not have significant achievements to showcase your decision was a good one. Next year, may be you do have some success stories. Before you make the switch, answer the question -
 Why do you really want to make the switch?
Why now?
In future, how do you plan to leverage this experience? "
What are you planning to do differently in your father's business from how things are being done right now?

Keep in mind that since this is your father's business, you really will need to create some success stories by infusing new ideas into the business to discount the fact that it will be an easy option for you being a family business.

Curious as to why do you want to do an MBA when you have a family business which is on a 'pretty large scale'?

MohitGarg · Answer

I want to make this switch now coz its a requirement and also because i am just a b com grad and for obvious reasons the growth in a company will be very very slow and hence i am not able to fully tap my leadership and other skills even a lil bit. I want to make more of an impact with what i do.

I want to do an MBA as i want to gain intl. exposure, add value, add technical expertise and polish myself technically and as a leader.

MBAAdmissionsCoach · Answer

Hi Mohit -

The answer to your question depends on what the experience at your father's firm will add to your application profile.

Here are some questions I would consider in your decision:

- Will you be gaining additional significant managerial experience that you do not currently have? 
- Will you be gaining exposure to different areas of business that you do not currently have? 
- Will you have mentors, beyond your father, who can help guide you and ensure you obtain experience that has depth? 
- Will you be taking over this company from your father in the future, and it is important that you gain exposure to the day-to-day operations? If so, this may add a lot of value because you'll be able to reflect on your experiences within your father's company while you are completing your MBA. 
- If you do make a shift, I would stay for two years. One year is not enough. Anything more than six years of experience will start to be too close to the "too much experience" category. 
- If you are planning to return immediately to your father's firm upon graduation, this may be a positive in the admissions process because your post-MBA employment is already secured. Don't say this, though, if it is not true. If you want to gain experience elsewhere before returning home, be honest about this.

I hope this is helpful to you. Let me know if I can help you further.

How valuable will working in onw business firm be??

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