Go To University OR Start A Business??? The Truth About MBA's | Summary and Q&A

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March 10, 2021
by
Simon Squibb
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Go To University OR Start A Business??? The Truth About MBA's

TL;DR

A navy veteran with a successful entrepreneurial venture is torn between pursuing an entrepreneurial MBA or focusing on running her business.

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Key Insights

  • 🙈 Pursuing an entrepreneurial MBA may not be necessary, as real-world experience is seen as more valuable.
  • 👨‍💼 The individual's soft drinks business has potential for growth and has resonated with their target audience.
  • 🤩 Export opportunities and direct-to-consumer sales could be key growth drivers for the business.
  • ❓ Crowdfunding and partnership with investors who can provide distribution channels are suggested funding options.
  • ❓ Creating unique and authentic products can attract a niche market and resonate with consumers.
  • 🎯 Marketing through platforms like TikTok can be highly effective in reaching a target audience.
  • 🥺 Building a strong network within the industry can lead to opportunities and growth for the business.

Transcript

them because i feel like business is not about reading the instruction manual on how to exercise we need to help you today i'm good actually uh so i've just got like a massive life choice coming up and i'm not really sure which way to go with it really it's um so i'll give you like the full story so i joined the navy 18 uh kind of 12 years ago now ... Read More

Questions & Answers

Q: Should the individual pursue an entrepreneurial MBA or focus on running their business?

The video suggests that pursuing an entrepreneurial MBA may not be necessary. The speaker believes that hands-on experience and networking can be more valuable in entrepreneurship.

Q: What steps has the individual taken to grow their business?

The individual has developed a unique Japanese-inspired soft drink as a solution to incongruent beverage choices with Japanese food. They have switched to direct-to-consumer sales and are exploring export opportunities.

Q: Should the individual seek investment for their business?

The speaker recommends crowdfunding, specifically through Kickstarter, as a potential funding option. They also suggest partnering with investors who can provide distribution channels and add value to the business.

Q: What aspects of the business does the individual enjoy and dislike?

The individual enjoys social media marketing and creating disruptive marketing campaigns. However, they dislike finance and cash flow forecasting.

Summary & Key Takeaways

  • The individual has a background in the navy and is approaching the end of their service, with the opportunity for a pension and resettlement bonus.

  • They have previous experience in entrepreneurship and found a passion for the food and drink industry.

  • The individual started a successful soft drinks business, but due to the impact of COVID-19, they are uncertain about their future income from the business.

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