After coming up with a feasible new business venture, aspiring entrepreneurs may be itching to open and operate their companies. Business ownership can be an ideal, profitable venture that requires professionals to have business strategy, expertise, business acumen, and skills strong enough to set you apart from your competition. To prepare for business ownership, gain sufficient work experience, and fulfill career goals, some people may take on internships or attend business school by enrolling in a business administration bachelor’s degree program offered by colleges and universities. Undergraduate students who obtain their Bachelor of Science in business administration, for example, may think earning advanced degrees, like a Master’s degree, can be more conducive to their professional goals and their business’ success. For this reason, some students may pursue a master’s degree program that culminates in a Master of Business Administration (MBA).
In an innovative, top-notch MBA program, graduate students learn about business leadership, human resource management, operations management, finance, project management, technology management, business analytics, and other skills that are imperative for starting and running a business entity. Students in a graduate program who don’t want to attend their business courses on campus and in-person during the current COVID-19 pandemic don’t have to let concerns regarding the virus and their health keep them from getting their MBA. They can seek admission and enrollment in an online degree program and complete online coursework towards their MBA degree. An online MBA program can benefit students who have earned degrees in a baccalaureate degree program focused on another field besides business. For instance, those who received a collegiate nursing education can go from BSN to MBA online. Doing so can help individuals who hold a BSN and excel with nursing leadership get the business leadership, experience, and skills they need to excel in a business environment. Whether you have a nursing degree (e.g., BSN, MSN, or doctor of nursing practice) and want to start a medical business or plan to go into a retail or technology business, listed below are reasons you should consider getting your MBA first.
1. Earning an MBA can sharpen your knowledge.
While you probably learned a lot about business during your undergraduate education, it can be beneficial to refine your knowledge and discover topics and business concepts that may be more in-depth than previously covered. Furthermore, it’s likely that while pursuing your MBA, you’ll learn that successful businesses always keep their customers at the heart of all operations. A practical method for focusing on your customers and increasing customer satisfaction is equipping your help center or customer service contact center with a technological solution that empowers customer service representatives to provide exceptional customer experiences.
Call center software solutions from Bright Pattern, a leading provider of inbound contact center software, enable businesses to improve communications with customers. Bright Pattern’s innovative, one-of-a-kind omnichannel platform allows you to implement voice calls, video calls, live chat, email, SMS, and social messengers into your customer call center. This solution equips business owners with tools and capabilities that allow them to centralize their contact centers. With call center tools that are powered by artificial intelligence—the first of its kind—this call center software enables your customer service center to take inbound calls, make outbound calls, support interactive voice response (IVR), and leverage the benefits of bots and artificial intelligence assistance.
2. An MBA can help you change careers or specialize in a specific field.
An MBA could be your solution to switching industries, pursuing new careers, or positioning yourself as a marketable professional in various fields. As you participate in an MBA program, you’ll likely learn management and general business skills and expertise that you can apply to most industries. You could also get the chance to specialize in the area of business that piques your interest the most, whether that’s human resources, marketing, technology, or hospitality.
3. During your business coursework, you can build up your professional network.
Making connections and networking in business circles can be essential to your success, especially if you intend to enter a highly competitive industry. The students, professors, and other professionals you encounter in an MBA program could be managing companies of their own. They might end up being your business partners, mentors, or suppliers in the future.
4. Getting an MBA can help you advance your career.
Some jobs and careers require professionals to hold master’s degrees, specifically MBAs, to advance in the workplace and industry. Having an MBA can be a deciding factor in an employee receiving a promotion. In an MBA program, you can acquire the business leadership skills, strong work ethic, and acumen that could make you a more viable candidate for promotions and empower you to pursue your business ownership goals.
5. An advanced degree can qualify you for more money.
MBA degree holders are not only likely to get promotions, but they’re also more likely to receive raises. Professionals with MBAs typically have higher earnings compared to people with undergraduate degrees. With more money may come an increased interest in making investments. Business owners and new investors of all financial backgrounds can benefit from using a web resource like Wealth Rocket (wealthrocket.com), for instance, for guidance on getting started with investments, financial decisions, and financial planning. Such a reliable resource can include helpful advice regarding investing, banking, budgeting, and more. Using a resource like this is the best option, as it can ultimately help MBA-holding business owners make financially sound decisions that benefit their companies.
