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The Personal MBA

Master the Art of Business

Von Josh Kaufman
16 Minuten
Audio-Version verfügbar
The Personal MBA: Master the Art of Business von 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.

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The Personal MBA

Master the Art of Business

Von Josh Kaufman
  • Lesedauer: 16 Minuten
  • Verfügbar in Text & Audio
  • 10 Kernaussagen
Jetzt kostenloses Probeabo starten Jetzt lesen oder anhören
The Personal MBA: Master the Art of Business von Josh Kaufman
Worum geht's

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.

Kernaussage 1 von 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.

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