MBA in Entrepreneurship: Guide to Start Business

Are you planning to start a business? If yes, pursuing an MBA program will enhance your knowledge and will guide you in the right direction. If you are not aware, the full form of an MBA is a Master of Business Administration, and it is a two-year post-graduate degree that you’ll have to pursue to be a successful entrepreneur. Now, you must be thinking about which specialisation will be best for you, MBA in Entrepreneurship is what you need to do. Here, we have curated a complete guide on which specialisation to do and how to start a business. 

What is MBA in Entrepreneurship?

If you want to start a business or run an existing business, then MBA in Entrepreneurship is what you need to do. This specialisation guides you in a way where you know how to collect funds and run a business effectively. MBA in Entrepreneurship is a two-year post-graduate program that every entrepreneur should pursue. This degree also provides the students with an opportunity to meet people from different businesses and backgrounds and learn about their success stories. So, if you are interested in starting your own company or a business, then MBA will be the right degree for you.

Course Overview of MBA in Entrepreneurship

Course Level	Postgraduate
Duration of MBA in Entrepreneurship	2 years
MBA in Entrepreneurship Eligibility	Bachelor's degree with 50% aggregate from a recognised university
Admission Process for MBA in Entrepreneurship	Entrance Exam + Merit
MBA in Entrepreneurship Entrance Exams	SNAP, NMAT, CAT, XAT, MAT, CMAT, GMAT
Exam Type	Semester based
MBA in Entrepreneurship Fees	INR 1-20 lakhs
MBA in Entrepreneurship Salary	INR 3-5 lakhs on an average
MBA in Entrepreneurship Collages	Sage University G.D. Goenka University Suresh Gyan Vihar University JECRC University Ajeenkya DY Patil University
Job Profiles	Finance Controller, Human Resource Manager, Accountant, Assistant Manager etc.
Job Sector	Automobiles, Agriculture, Banking, Advertising, Hospitality, Fashion Management, Information Technology etc.
Top Recruiter	Genpact, HDFC, HSBC, E&Y, Lehman Brothers etc.

MBA in Entrepreneurship Syllabus

Semester I	Semester II
Principles and Practice of Management	Operations Management
Accounting and Finance for Managers	Social Entrepreneurship
Fundamentals of Entrepreneurship	Corporate Communication
Principles of Marketing Management	Business Environment

Semester III	Semester IV
Project Management	Legal Aspect of Business
Introduction to Taxation	Managing Diversity
Entrepreneurial Finance	Enterprise Resource Planning
Contemporary Issues in Strategy	Business Environment & Ethics
Managing Start-Ups Strategic Framework for SMEs	Rural & Industrial Marketing
Production & Operations	Technology Innovation & Sustainable Enterprise

Semester III ( Electives)	Semester IV ( Electives)
Enterprise Growth & Succession	Leading Change in the Family Business
Corporate Culture & Intrapreneurship	Social Entrepreneurship
Innovation & Creativity in Business	Managing a Growing Business
Strategies for Small Business Management	Family Business Management
Emerging Business Sectors & Technologies	Financing New Business Ventures
Creativity & Innovation in Entrepreneurship	Business Opportunities in Retailing & Franchising
Entrepreneurship Process & Behaviour	Managing Corporate Entrepreneurship
Businesses in Emerging Markets	Corporate Entrepreneurship
Building Entrepreneurial Culture & Team	-
Small Business Management	-
Family Business Management	-

What is a Startup?

Often people ask about the meaning of startup because they are unaware of this term. Well, the startup is a newly found company with a unique product idea that desires to grow rapidly in the market. It is based on the perceived demand for its product or services. These companies or businesses often start with high capital and low revenue; therefore, they look for more capital and investors from different sources. Starting up a business does come with high risks and challenges; therefore, before starting a business, one has to calculate all the risks that might eventually occur.

Why Get An MBA Degree Before Starting a Business?

There are several reasons to get an MBA degree before starting your own business. Let’s have a look at them:

• You learn to deal with pressure.
• You start analysing and become a better decision-maker.
• An entrepreneur needs to be an effective communicator, and this is what you learn in the MBA course.
• MBA helps you in developing workable ideas and strategies.
• It is very important that you know how to manage teams, and MBA teaches you to be a good leader.
• You learn about global trends in business.
• Not only that, but you become a critical thinker who knows how to overcome challenges with problem-solving skills.

How to Start a Business?

People think that starting a business is no big deal, but they don’t have the right plan to do so. Hence, these are the points you need to consider before starting a business.

• Conduct a Quick Market Research
  You need to refine your idea by brainstorming and conducting the right market research. You need to check your competitors and how well they are doing.
• Start Writing Your Business Plan
  You should know the purpose of your business, and how flexible will it be to enter and exit this business.
• Fund Your Business
  You need to analyse your finances while starting a business. How will you manage the expenses, and whether you will be able to achieve the break-even point or not?
• Your Legal Business Structure
  What will be your legal business structure which means, whether it will be a sole proprietorship, corporation, partnership or limited liability company?
• Pick Your Business Name and Location
  You need to see which business you are opening and what would be an appropriate name for it. Also, you need to decide on the location from where your business will start.
• Register Your Business with the Government
  It is important to protect your brand by registering your business with the government. You should always choose a legal way to establish yourself.
• Purchase an Insurance Policy
  It is always recommended to purchase an insurance policy because if anything wrong happens, insurance will help you.
• Build Your Team
  Once you have registered yourself, building a team will be the first step towards success. The right team will ensure that your brand is working fine.
• Advertise Your Brand
  It is important to brand yourself because people are lured by advertisements only. If you want to show people that there is a new brand, you need to market it.
• Start Your Business
  Once you have advertised yourself, now it’s time to grow your business. You can kickstart your brand and achieve great heights.

About Sunstone

You can pursue MBA in Entrepreneurship from colleges powered by Sunstone. If you choose Sunstone, you get benefits like 70+ master classes from industry experts and top recruiters. For placement, you won’t have to run here and there as 50+ guaranteed job interviews (T&C applied), you also learn from ex-IIMs and IITs which helps you to grow better. Every semester you get a Capstone Project, and Sunstone also helps you in building a professional portfolio that improves your chances of getting hired by top recruiters. So, choose a college powered by Sunstone and re-innovate your education with us.

FAQs - MBA in Entrepreneurship

Can I pursue MBA in Entrepreneurship from College powered by Sunstone?

Yes, there are many colleges powered by Sunstone that offer MBA in Entrepreneurship, you can choose according to your location preference.

Does Sunstone provide any EMI option?

Yes, you get the 0-cost EMI option once you choose to pursue MBA from Sunstone-powered colleges.

Does Sunstone provide any scholarships?

Yes, you can get a scholarship of up to ₹ 10 Cr from Sunstone once you appear for the scholarship test.

If I don’t have to start a business and have to work in a corporate after pursuing MBA in Entrepreneurship, what is the average package that I can expect?

As a fresher, you can expect an average salary of ₹ 5,00,000 per annum, and according to experience, the average can be ₹ 20,00,000 lakh per annum.