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Starting my Own Business VS GMAT Prep for MBA

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deeepalibansal
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Starting my Own Business VS GMAT Prep for MBA [#permalink] New post   22 Apr 2018, 01:24
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Hello,

I am a masters graduate in finance from Grenoble Graduate School of Business (July 2017) and have been working with a private company in New Delhi for the past two years in Equity Research of the Indian markets.

Today, I have an option between starting my own business with my father's capital (1 cr INR), which can take any amount if years to settle, it can be a year or maybe 3, plus the chances of 50-100% returns over this period are very high.

On the other hand, I have an option to prepare for GMAT and aim top tier business schools in US, UK or Canada and then look for jobs. What kind of job would I get, what would be my salary, this is all a risk.

The main aim is to earn more.

I am stuck between these two choices, if anyone has an opinion, it is welcome as it might help me choose a path in life.

Thanks
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AmeliaRobertson
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Re: Starting my Own Business VS GMAT Prep for MBA [#permalink] New post   01 Mar 2021, 06:17
You should choose the first option
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Salliduc
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Starting my Own Business VS GMAT Prep for MBA [#permalink] New post   Updated on: 01 Mar 2021, 12:27
I would advise you to choose the first option and start your own business. If you start a business, its success will depend only on you, on a carefully thought-out business plan and your active actions aimed at development and expansion.It is very good that you have the initial capital that will help you open a company. I know that most often young entrepreneurs are afraid to face financial problems, but I want to say that financial problems can be easily solved, the main thing is to know the right way. Unlike other companies, I decided that working with a bank is not a profitable solution for my company, so I work with one of the leading California factoring companies. To be honest, in addition to replenishing working capital, the factoring company manages our accounts receivable.If you do not want to work with a bank, factoring is a great alternative option for your business if you have financial difficulties or you work on deferred payment terms.

Originally posted by Salliduc on 01 Mar 2021, 08:28.
Last edited by Salliduc on 01 Mar 2021, 12:27, edited 1 time in total.
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Starting my Own Business VS GMAT Prep for MBA [#permalink] New post   01 Mar 2021, 11:42
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Welcome to GMAT Club.

You’re exactly pointing out that MBA is a means to an end goal. And there are many potential paths.

It is hard to make a choice one way or another but potentially these are two different options. I can see starting your own business is going to be a lot riskier but doing an MBA would require spending three years upfront. You can also start the business first and do an MBA later, could do an executive MBA or something like that....

Some people will have to be there own Boston but for others they prefer to go back home and not have a headache and not to worry about being able to make a living and would rather have a regular job.

In the long run, starting your own business is has the most risk but it also has the best payoff potential.... It is all about how long you want to wait and your risk appetite.

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Re: Starting my Own Business VS GMAT Prep for MBA [#permalink] New post   01 Mar 2021, 12:26
IMO, MBA won't help you earn more through your business unless main means of business is making acquaintance with smart people with less money(AKA connection).

Unless you're starting multi billion dollar company from ground-0, your local partners will only care about your honesty and deals they get.

Going for a MBA degree can help you more money than you were making at cost of your time and money.

However, you already have a masters degree so it will help you get deals/communicate better/work in different field, not necessary
better paying jobs.
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Re: Starting my Own Business VS GMAT Prep for MBA [#permalink] New post   01 Mar 2021, 12:35
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Great point. It seems you are considering an MBA as a way to move from one country to another in potentially make more money nominally but that may not be substantial substantial increase in actual wealth.

If you already have a well-paying job in one country, well it may be a half for even 1/10 of what you would be making in the US, the cost of living in the US is fairly high. If all you’re doing is trying to get a better paying job in the US, why not go for a top 20 or top 30 school with a scholarship?

Or why not do both?

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Re: Starting my Own Business VS GMAT Prep for MBA [#permalink]
01 Mar 2021, 12:35

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