Get the key ideas from

The Personal MBA

Master the Art of Business

By Josh Kaufman
16-minute read
Audio available
The Personal MBA: Master the Art of Business by Josh Kaufman

The Personal MBA contains everything you need to know in business. Today, true business leaders are forged through their own experience and personal research, not in universities. From developing your idea to sealing a deal, these blinks guide you through the entire process of becoming a self-made business success story.

  • Anyone starting their own business
  • Anyone interested in how businesses function
  • Anyone running a business and seeking a refresher on the basics

Josh Kaufman is an independent business adviser and the author of two international bestsellers: The Personal MBA and The First 20 Hours: How to Learn Anything, Fast. His website JoshKaufman.net was listed as one of Forbes’ Top 100 Websites For Entrepreneurs.

Go Premium and get the best of Blinkist

Upgrade to Premium now and get unlimited access to the Blinkist library. Read or listen to key insights from the world’s best nonfiction.

Upgrade to Premium

What is Blinkist?

The Blinkist app gives you the key ideas from a bestselling nonfiction book in just 15 minutes. Available in bitesize text and audio, the app makes it easier than ever to find time to read.

Discover
3,000+ top
nonfiction titles

Get unlimited access to the most important ideas in business, investing, marketing, psychology, politics, and more. Stay ahead of the curve with recommended reading lists curated by experts.

Join Blinkist to get the key ideas from
Get the key ideas from
Get the key ideas from

The Personal MBA

Master the Art of Business

By Josh Kaufman
  • Read in 16 minutes
  • Audio & text available
  • Contains 10 key ideas
Upgrade to Premium Read or listen now
The Personal MBA: Master the Art of Business by Josh Kaufman
Synopsis

The Personal MBA contains everything you need to know in business. Today, true business leaders are forged through their own experience and personal research, not in universities. From developing your idea to sealing a deal, these blinks guide you through the entire process of becoming a self-made business success story.

Key idea 1 of 10

Business school: Not only is it extremely expensive – chances are, it won’t pay off.

Want to go into business, but have no idea where to start? Business school seems like a tempting prospect, a place where all the knowledge and contacts you need are simply handed to you – but is it really your ticket to success?

It has to be, right? Otherwise why else would people pay so much for their MBA? Business school is expensive, that’s for sure – the top 15 MBA programs charge up to $53,208 per year for tuition. That’s not even including fees, loan interest or living expenses!

What if we factor those into the equation, plus the opportunity cost of lost wages too? Turns out there are eight different US business schools where the cost of an MBA exceeds $300,000.

“Wait,” you might think, “surely not all business schools are that pricey!” True, however, any student who holds an MBA has an average debt of $41,687 (again, without accounting for additional expenses).

OK, so business school costs a lot. Is this what the educational experience is worth? Short answer: nope.

In the long term, an MBA does nothing for your career. If it did, a master of business administration degree should correlate with measures of success, like an increased salary, or promotions to higher level positions. And it doesn’t.

Researchers from Stanford University and the University of Washington conducted an extensive study into the matter. Analyzing 40 years’ worth of data, they found that there is no correlation between long-term career success and possessing an MBA, whether you graduated with flying colors or just scraped a passing grade.

So if business school can’t make your entrepreneurial career blossom, what can? Well, you can learn a lot from experience, and from your own research online – or from books like this one.

Upgrade to continue Read or listen now

Key ideas in this title

Upgrade to continue Read or listen now

No time to
read?

Pssst. Sign up to your secret to success: key ideas from top nonfiction in just 15 minutes.
Created with Sketch.