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Hello Kunal,
The choice is completely yours.
If you are confident that to begin your own business you do not need any additional support especially in terms of qualification go ahead with your startup.
By the way, an entrepreneur needs more of- reasoning capacity followed by foresight and good communication skills than management skills. Management skills is required when the company becomes full fledged. At that time, if needed, you can pursue MBA through correspondence.
Wish you good luck..
Hi Kunal,
Welcome to careerguide.com, thanks for a asking a question which many people are confused about as weather to do CAT or focus their energy on their startup.
Well, let us look at both the side.
CAT: Common Admission Test is used as entrance criteria for getting Admission into IIMs to pursue a degree now in Business management. where you will get exposure to various aspects of business education, through an interactive state of the art infrastructure whichever college you take admission in, you will be getting to study about different subjects such as finance, marketing, sales, HR, operation, and others. There is peer-to- peer learning also involved which will encourage your learning curve clubbed with case studies, assignment, B-Plan competition. Also, the exposure and support which you will get from college, faculty, Sr. and batchmates will also shape your foundation as a business leader. You will understand how exactly a business operates and what are the factors that are required to be successful in an environment that is constantly impacted by external factors.
You will also get the opportunity to develop your connects and network in the process of self-evolution you can try to experiment without being afraid of not having a fallback option. As many Leading colleges especially IIMs have options of Deferred placement you need to check about this with Placement cell of respective college you take admission in.
Startup: Now I presume that you have a strong financial backing or right skill set or a strong business model before you are starting and not just starting seeing the funding new on FB or on from someone else.
Remember for your startup you need the right mix of team, finance, mentors and connections to be successful, who will guide you and also keep your progress and share their valuable input from time to time.
Remeber whatever you choose you would need to take ownership and responsibility for the outcome no matter what. As both the decisions require patience, stamina and consistency there are no shortcust both fo rrequire a minimum of 3 years to see actual results in front of you.
There is no shortcut to success, with right guidance in both the journey and partners you would be making a difference to yourself.
Hope you are able to decide and then take the right decision.
In case you want to discuss more feel free to connect and then decide accordingly for yourself what you feel is best suited for you.
Wishing you all the best for coming times ahead.
ss
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