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Tiggy said:But does it give a certain amount of comfort knowing that if your business goes belly up you can get back into employment and, most likely, get a decentish salary in comparison to someone who does not have one, or does it not work like that?
T
goldctrsteve said:I have a BSc in physics and a PhD in theoretical physics. I also have an MBA.
The physics degrees were fun. While the subject matter is not relevant to my work, they instilled a certain discipline in my way of thinking. I find that very helpful.
I obtained my MBA as a mature student. Even though, at the time, I was a senior manager at a large multinational corporation, the degree was helpful. It plugged many gaps in my armour. It also exposed me to problems faced in other industries.
To be honest, I don't believe my degrees have helped me much in establishing a new company. Much more important are personal contacts and experience. Occasionally, they are useful because they give me credibility. Membership in two national honour societies also helps in that area.
Tiggy said:Steve do you think it would be taking too much on to start a business and start a degree at the same time?
Jayne said:So this is why I can never answer your questions, too many brains
goldctrsteve said:Tiggy said:Steve do you think it would be taking too much on to start a business and start a degree at the same time?
I don't know your situation, the type of business, or your current workload. If it was me, I'd focus on one or the other, not both.
When I started my MBA, I was working 50-60 hours a week and spending 50 percent of my time traveling overseas. The degree added another 20 hours a week (sometimes more) to my load.
Together with my business partner, I started my company after I finished the degree. For the last 15 months, I have been working 100-110 hours a week. That's the same 50-60 hours as before plus another 50-60 hours on my own business. (I won't short-change my day-time employer in any way, so I won't cut the 50-60 hours down to 40.)
I recommend you assess how you spend your time today, establish priorities, then decide what is practical. It would be better to succeed at one of your two choices rather than do a half-***ed job at both.
Imagine it's 30 years from now. Which would you regret more - not creating your own business or not obtaining a degree?
Jayne said:DuaneJackson said:No degree, No A-Levels, No-GCSE's, infact I don't think I have any formal qualifications at all.
But I got a few badges at boy scouts.
And that's all you needLife is learning...don't need paper for that.
Jayne
Jayne said:For example, I saw an opportunity for making money icing cakes, within 6 months I was doing fancy wedding cakes and getting £300 - £400 a time for them, all from the library. I don't have any bits of paper to prove I can do this, but my work spoke for itself.
If you're young enough to have sat GCSEs, you're too young to have ever gone to Boy Scouts - that phrase hasn't been used since the sixtiesDuaneJackson said:No degree, No A-Levels, No-GCSE's, infact I don't think I have any formal qualifications at all but I got a few badges at boy scouts.
Jayne said:For example, I saw an opportunity for making money icing cakes, within 6 months I was doing fancy wedding cakes and getting £300 - £400 a time for them, all from the library. I don't have any bits of paper to prove I can do this, but my work spoke for itself. So anything is possible, learn everything you can, but you don't have to do it in a classroom.
Jayne