Anonymous

In the future, I'd like to own businesses of many kinds (restaurant, sports team, etc). Should I get MBA or CPA?

4 Answers

Don Barzini Profile
Don Barzini answered

MBA. You need to learn how to run business, not merely do the books. 

Wesley Crusher Profile
Wesley Crusher answered

Neither. People who are getting MBAs are already accomplished in their career. Any legitimate MBA program requires real world experience and references. A CPA is what you get if you want to be a top level accountant. That's it.

Entrepreneurship doesn't require a degree. A degree in whatever you like which you can use to get a regular job to support your entrepreneurial goals is adequate. For the most part, the majority of modern CEOs and founders have engineering or math related degrees.

Anyone can open a restaurant with a decent credit score getting loans from a bank. Personally I would never do that to start a business. If you go to a good university or live in a well-to-do neighborhood, network like crazy and find investors.

Owning a sports team would require that your net worth is above 9 figures. That's HUNDREDS of millions. Aim high, but not that far.

So my advice is to get started NOW. Or go to college, make some friends, get a job, make some more friends, and start working on it on your free time.

Darik Majoren Profile
Darik Majoren answered

Get an MBA in at a college that offers a Co-op program comparable to Northeastern university. You will get both experience and your degree, and most likely a job offer for when you graduate.

I recommend you work for someone else for 2-5 years before opening your own business as well.

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