Taking A Step Towards Starting Your Own Family Business.

 The first step to starting or taking over your family business is to study, learn and receive training about how to run a business. This can be easily achieved by pursuing an MBA in family business management or entrepreneurship. These programs are offered by numerous institutes and b-schools across India.  

 

Many large MNCs are family businesses, and these industries inspire a wide range of youngsters to take over their family businesses. To increase the reach of their family business, or to start their own business as a mark of their family identity.  

 

Businesses can be self-identified or family-run. In the contemporary era, many people are looking to establish their identity and an optimizable business that will form their identity as a businessman. While few want to make an individualistic identity, others wish to grow along with their family.  

 

The family-oriented culture of India encourages students to build a business that helps the family name and members grow along with them. Many youngsters inspired by the TATA and Ambani business industries want to build a similar identity and business for their own families as well. Due to the above-mentioned reasons, family business management and entrepreneurship have become some of the most popular MBA programs.  

 

These programs are usually made and crafted keeping in mind the target audience. This audience includes individuals with a family business that they want to take over and help grow in different directions. Or the individuals that are looking forward to building a family business and becoming entrepreneurs.  

 

Just like any of the other MBA schools and programs, these programs also include many summers and formal internship programs with businesses. That will train them in the process of developing and increasing the reach of their family businesses. The growing industry and job markets create a need for new business ventures and opportunities for the youth and students each day.

 

These internship and work project experiences provide students with hands-on experience and industrial exposure. They learn about various aspects of business and entrepreneurship management. They are guided into the process of problem-solving and other business strategies that will guide them in the process of building their startup.  

 

Students doing MBA in entrepreneurship receive at least 4-5 weeks of work experience domestically or even in other cities and countries to familiarize themselves with the prospects of opening a start-up business. This exposure prepares them to start their own business, and build it into a large industry one day. 

How does a BBA and MBA integrated course work?

 BBA and MBA integrated course is a program of ideally 5 years that covers the 3 years of BBA and 2 years of MBA all together in a combined course. There are some of the best institutes that offer BBA MBA integrated courses in Gujarat.  

 

Candidates interested in pursuing an integrated BBA MBA must apply for both degrees just once because it comprises a dual degree program. Many commercial and government universities, including IIMs, Xavier University, Narsee Monjee Institute of Management Studies, Nirma University Institute of Management, and others, provide it.

 

The combined BBA MBA program provides applicants with both the skills and information needed to become successful leaders. Candidates who complete this program will be able to secure attractive management positions in market-leading firms.  

 

Furthermore, this training will instill entrepreneurship abilities in applicants. Following this course will provide systematic learning and avoid idea repetition. This also spares students from the time-consuming MBA admissions procedure following graduation.  

 

The BBA MBA integrated course requires candidates to apply digitally with the information necessary on the organization's website. The application form would be designed to assess applicants' abilities in both extracurricular activities and academics.  

 

The admission exam follows the completion of the online form and assesses an aspirant's proficiency in basic math, logical reasoning, and English. Shortlisted applicants must next sit in a Written Ability Test (WA) and a Personal Interview (PI).

 

Candidates who complete this BBA MBA integrated degree are awarded attractive managerial positions. The following are a few job profiles and industries in which students can work after completing this degree;  

 

Banking and Finance: Profiles in the Banking & Finance business include portfolio management and maybe even security & investments analysis. MBA graduates can find fulfilling employment in banks, insurance businesses, security organizations, and other financial institutions.

 

Management Consulting: this also is a wonderful position for people who enjoy problem-solving. Management consulting specialists are in charge of resolving different organizational difficulties. The role also includes practical innovation and new ideas.

 

Equity Research Analyst: The equity research analysts are accountable for providing stock market information so that investors can make informed decisions about whether to purchase or sell companies in order to avoid big risks and boost profitability. He or she creates research reports, estimates, and recommendations for investment decisions based on stock market patterns.

 

These are some of the many job options and fields that the graduates of this degree can build a career in after completion of a BBA MBA integrated course in Ahmedabad. It is helpful for the students who want to be part of the booming business industry in Gujarat to study there as well.  

All About MBA in Family Business

 MBA in Family Business is a 2-year postgraduate program with a unique curriculum catering to an understanding of management and owning a family business efficiently. It is made in a way that offers a perception about imparting some knowledge in supporting a family business. 

The primary eligibility standards for admissions in this program are a degree of BBA, B.Com, B.tech, or B.Sc. from an authorized institute with a minimum aggregate mark of 50%. Candidates with proper communication skills and a passion for running a family business can opt for this program and might get admission by passing the valid entrance exam like CAT/ NMAT/ MAT/ GMAT/ XAT etc. 

The program MBA Family Business Management enables in to understand the basic dynamics and gets familiarised with the organizational approach in terms of globalization, privatization, liberalization, etc. It develops an entrepreneurial skill in the candidate and as a result, opens the possibility to begin and run an entrepreneurial venture efficiently. 

Candidates after finishing MBA in Family business management can work as an enterprise administrator, assistant supervisors, accounts managers, etc. With more managerial abilities, they also can efficiently run a family business after finishing their MBA. 

Candidates passing the subsequent eligibility standards can register for admission in Ph.D.: 

Candidates have to have a 10+2 exam certificate with aggregate marks of a minimum of 85% from an authorized board. The graduation of the candidate has to be in the following courses: BBA, Bcom, Btech, and BSc from an authorized college. Candidates have to have aggregate marks of 50% in the graduation degree. Candidates with a minimum of 2 years of work experience are preferred.  

MBA Family Business Management is a unique program and may be defined by the following points: 

MBA Family business management is a postgraduate program that throws some significance on the family businesses and the way they may be progressed in the business sector. It imparts the scholars diverse skills to allow them for entrepreneurial ventures and the way the innovative modifications occurring in the business enterprise can be carried out in their venture. 

It allows the globalization, liberalization, and privatization of the firm. The program is primarily opted after finishing a B.Sc./B.com degree to focus on a certain sector and to advantage of specialized expertise in the subject. It opens the door for candidates either to start a new entrepreneurship venture or efficiently run a family business. 

MBA Family Business Management can assist in fostering and inspiring the entrepreneurial spirit of young minds so they expand great practices for family business management. It courses applicants to discover the various aspects of business continuity, plan the succession of business, opportunity, failure, and threat analysis, taxes, and finances. 

It prepares applicants to strive for stability among theoretical and realistic knowledge. It allows students to pursue new avenues for applying their abilities as a result of learned. MBA in Family Business acts as a springboard for those already in managerial or executive positions to plunge into the family business. Whether the business is huge or small, the scholars are taught to manage it efficiently. 

After finishing MBA in entrepreneurship colleges in India, one could without difficulty manage and take their family business enterprise to an exceptional level by implying the skills. Moreover, the program curriculum teaches the fundamentals of management and administration. Part of a business complements the entrepreneurial skills of a student, making them start a brand new business venture successfully. Apart from it, they also can work as a business administrator and accounts manager in any MNC or organization. 

 

Why Do You Need To Take BBA Honors For Your Higher Studies?

We can identify BBA as an integral part of today’s educational system due to the rising demand for doing business studies for higher education. Today, the fast-expanding industrialization calls for many business minds to help industries expand their branches on a large scale. This has made BBA and MBA integrated courses in India.

We have come past the traditional education system, which only focused on Arts and Science stream. Today there are an uncountable number of subjects to choose from. These subjects are not only confined to specific areas of Arts or Science but can also include both the subject. Some of these subjects include Accounts, Geology, Business administration, and the list goes on.

 

Why Opt for BBA instead of other subjects?

But if you are doing BBA, you can get introduced to the professional field at an early age. You will get an idea of the fields of business and how to manage them. Apart from these, you can get hold of several skills.

•       Business Sense
•       Analytical Skills
•       Strategic Skills
•       Logical Skills
•       Reasoning Skills

 

What exciting things can you expect from doing honors in BBA or MBA?

 

As discussed in the first place, by doing BBA and MBA, you can expect to have a lot of development yourself. Some of the key areas of BBA and MBA that can be identified as the advantages of doing this course include the following:

• You can get an early grip on the professional field and stay one step ahead of others who are not pursuing the same.
• You can get more time to get into the details of the business field and learn the tactics and strategies related to the administration process of business.
• The subject of MBA and BBA can make you get prepared for different kinds of management roles.
• By doing an MBA or BBA, you can get early access to a career life in comparison to others. In addition, these subjects help you to create a network that helps you to make a substantial impact in the professional field.
• As you are getting early access to different job roles, you can expect to be financially independent at an early age in comparison to your friends from the other educational fields.

 

What colleges can offer you a scope for doing higher studies in MBA and BBA?

In India, many colleges can offer you MBA and BBA courses in your higher education. Some of the integrated BBA, MBA colleges in India are:

•       Nirma University
•       Symbiosis University
•       Doon Business School
•       JD Birla Institute

Why do BBA MBA Integrated Course?

 BBA MBA integrated course is a management program provided by numerous institutes like Nirma and IIMS for college kids to pursue MBA after class 12. It is aimed at teaching management skills from both undergraduate and postgraduate levels. The eligibility standards for a 5-Year MBA may vary from university to university. Some integrated MBA colleges in India conduct their entrance examinations like IPMAT, carried out by IIM Rohtak for Integrated MBA admissions, even as others select primarily based on merit.

The college students need to have completed and passed the 10+2 exam from any subject to pursue an integrated MBA Course. The benefit of a 5-Year BBA MBA integrated program is that it saves time that goes into getting ready for entrance examinations at both BBA and MBA levels. Candidates can end up as Sales Managers, Digital Marketers, Business heads, Management Consultant, Human Resource managers, etc. after finishing BBA MBA integrated program in any reputed company. 

Integrated MBA: Admission Process & Eligibility Criteria 

The admission procedure for the BBA MBA integrated course will vary from university to university so it is suggested to check the specific selection system for the university from its official website. Candidates will need to appear for the entrance exam, followed by a personal interview round if a candidate scores a good percentage in the entrance exam. Candidates who clear all of the rounds successfully will be called for document verification. Some institutes provide direct admission in their 5-Year MBA program primarily based on a 10+2 exam score. 

The eligibility standards for an MBA after class 12 are: 

The scholar should have passed the 10+2 exam with a minimum combination of 60% from any stream. The scholar ought to additionally check the eligibility standards of various universities from their official website. Besides this, the candidate ought to have a minimum cutoff score as declared by the institute that conducts its entrance exams. 

Why Integrated MBA? 

An integrated MBA course saves time because it does not repeat the syllabus; this is the same at both BBA and MBA levels. Time and fees are saved in terms of the Integrated MBA course. The college students need not appear for entrance exams twice. Students have a comprehensive knowledge of the basics of business management. Unlike a 2-Year MBA, an integrated MBA lets college students have their time in terms of choosing the field of specialization or internships they wish to pursue. With better understanding and experience, college students with an integrated MBA degree have better placement opportunities, with decent salaries and incentives. 

Job Prospects and Career Options 

There are lots of career options one could choose from after the Integrated MBA Course, several of which are: Candidates may be recruited in leading sectors like Finance, Marketing, Consulting, Retail, HR, etc. Candidates can lead their business ventures after finishing this course program. Candidates can work at leading corporations like HCL, Accenture, Amazon, Mahindra Finance, and plenty more with a decent income and accelerating career growth. Candidates can work at multinational corporations after an integrated MBA program. 

Some of the common job profiles one could apply for after a BBA MBA integrated course are from anywhere in India like doing an integrated BBA in Ahmedabad:

●  Sales Manager

●  Digital Marketer

●  Business Head

●  Management Consultant

●  Human Resource Manager

●  Retail Manager

 

Significant details about pursuing MBA in entrepreneurship

Some people are born to be business owners. They couldn't envision doing anything other than working for themselves to bring their concept to market, from the time they were youngsters running a weekend lemonade stand to the day they opened the doors of their firm as adults. These dedicated entrepreneurs are willing to put in long hours to ensure the success of their company venture, even if it means risking failure. If you're one of these natural entrepreneurs, you realize that it takes more than enthusiasm and hard work to overcome the obstacles and build a successful business. You'll need a network of investors, mentors, and advisors, as well as strong business skills. An MBA in Entrepreneurship can help you prepare for a future as a business owner.

 

What is the meaning of an MBA in Entrepreneurship?

 

A regular Master of Business Administration (MBA) program with an emphasis in Entrepreneurship is called an MBA in Entrepreneurship. You'll take a complete MBA core course load to achieve this degree, with your non-core courses focusing on entrepreneurial topics like venture capital and small business management.

 

This multidisciplinary concentration is meant to equip graduates to start their own business by teaching them everything from how to develop a real-world business plan to how to manage a global company. Students will learn in standard seminars, case studies, and project-based assignments, as well as in their capstone class, where they will construct a business or business plan.

 

What are the Benefits of an MBA Degree?

 

The master's degree in business administration (MBA) has long been considered the most valuable master's degree. According to the National Center for Education Statistics, it's also the most popular with 189,328 students getting an MBA in just the 2014-2015 school year. MBAs were conferred in 1 out of every 4 master's degrees. MBAs, according to individuals who have them, are also quite valuable.

 

 

What Will an MBA in Entrepreneurship Teach Me?

 

Each business school offers its MBA program, which differs in terms of format, length, specialization, and emphasis. Some schools place a strong emphasis on hands-on learning, while others boast about their global outlook. Second-tier colleges can provide a faster return on investment than elite schools. Your MBA program will most likely follow the same fundamental framework, no matter which business school you choose.

 

Entrepreneurship MBA programs usually involve 36 credits and end with a capstone project, such as the creation of a mock business endeavor. The Entrepreneurship focus accounts for around 9 of the 36-course credits, with the MBA core accounting for the balance. Accounting, Micro- and Macroeconomics, Marketing, and Operations are just a few of the basic courses you'll take. You'll be able to apply the principles of business to your Entrepreneurship concentration after you have a firm handle on them.

 

Among the topics covered in your entrepreneurial classes maybe 

1. Financing New Ventures through Business Innovation

2. Think like an entrepreneur.

3. Small Business Management

4. Identifying Opportunity

5. Entrepreneurial Planning and Feasibility

6. Franchising and Licensing

7. Entrepreneurship

8. Business Ethics

9. Commercial Leasing

10.  Value Investing

11.  Resource Management

12.  Exit Techniques

Depending on your electives, you may be able to specialize even more. If your future company venture incorporates breakthroughs in healthcare, technology, or sustainability, for example, your electives in these areas can provide you a competitive advantage in your specialized market. Also one can pursue MBA in family business management from Nirma as it is also quite in demand these days.

Why Do MBA in Entrepreneurship?

It takes more than passion and work ethic to overcome the chances and create a thriving company. An MBA in Entrepreneurship can prepare you for a future running your commercial enterprise. An MBA in Entrepreneurship is a conventional Master of Business Administration (MBA) course with a concentration in Entrepreneurship. To do this degree, MBA in entrepreneurship colleges in India extends a full MBA center program, with non-core programs around the subjects associated with entrepreneurship, like venture capital and small commercial enterprise management. 

This multidisciplinary vicinity of concentration is designed to prepare graduates to begin their commercial enterprise, understanding everything from the way to write a real-global marketing strategy, to how to manage a business on the global level. Students study through conventional classes, through case studies and project-primarily based assignments, and could even create a business or marketing strategy in their capstone class. 

Today’s professionals ought to be increasingly self-reliant for benefits like health insurance and retirement savings, and expand a flexible profession course that spans numerous corporations and roles. Many people are already freelancing and taking part in the developing gig economy, at least on a part-time basis. 

Decades ago, business technology intended investing large funds in computing assets or custom solutions for your business. Today, everybody from mom-and-pop shops to new organizations can take advantage of software applications to glean market insights, predict customer behavior, automate business tasks, track employees’ time, and more. Best of all, you’ll have significant work based on your vision, and the satisfaction of beginning something new. 

An MBA in entrepreneurship gives precisely this stable business skill schooling via focused coursework. In an MBA in entrepreneurship program, you’ll additionally be studying from experts who've real-global experience as entrepreneurs. These seasoned pros have real-global insights and may serve as mentors and advisors to you as you expand your enterprise plans. The guidance of a skilled entrepreneur can prevent pricey mistakes and assist you to make choices as you study the ropes. 

Online Entrepreneurship MBA is also a way to make this degree more accessible. The curriculum of an online entrepreneurship MBA commonly follows the identical format as an on-campus program. Online entrepreneurship training usually has a mix of recorded, on-demand lectures, individual and group assignments, message board-based discussions, and video conferencing. This mixture of synchronous and asynchronous content is designed to promote connections among scholar peers. 

Online MBA courses additionally generally follow a cohort-based layout, in which you’ll progress via the curriculum at the same pace as the rest of your graduating class. As with collaborative classwork, this technique promotes scholar networking, which serves as a precious resource for entrepreneurs. Naturally, those who pursue an MBA in Entrepreneurship wish to start their own business. 

Many numerous marketers start out working in an industry in a role like management, engineering, or product development, before identifying an opportunity. They envision products or services primarily based on their region of industry understanding that will solve a problem or deal with a share of the market and want to expand their idea into a feasible business venture. Others run a small business on the side that grows over time and shows the ability to become a serious business endeavor. 

These enterprise-savvy innovators understand they need to begin their own business properly, and frequently go straight from their bachelors’ course into an entrepreneurship MBA program or MBA in a family business, or an entire five-year BA-to-MBA program.