Success stories of entrepreneurs such as Bill Gates and Richard Branson often focus on the fact that neither of these two highly successful and influential individuals earned a college degree. Whilst society may tell you that a college degree is essential if you want to work in a successful career, this is clearly not always the case if you have a saleable business idea that is bound to grow. However, with an increasing number of people now starting their own businesses and working from home, more entrepreneurs are considering furthering their education to improve their knowledge and skills, along with increasing their credibility in the industry. Here are some of the best reasons for self-made entrepreneurs to invest in studying for an MBA.

#1. Improve Your Knowledge

Although anybody can start a business of their own, there’s a significant amount of learning which needs to be done before you can understand how to run a business successfully. When you first started out with a business idea, you probably knew a lot less than you do today, and much of it may have been through trial and error. For many business owners with little prior experience, learning is usually done through making mistakes and trying new things to figure out what works. However, studying for an MBA will help you skip making mistakes by providing you with a solid foundation of proven business knowledge to go by when making decisions for your company. Continue reading →