Getting an
MBA is beneficial because it sets you apart from the rest of the pack. One of the advantages of an MBA is that it forces you to read and learn, which helps you expand your knowledge about any business you want to venture into. I strongly believe that one of the reasons why start-ups fail is because they lack a solid foundation in understanding frameworks and conducting their own research, instead of relying solely on purchased data. While it is true that not everyone may be able to afford an MBA program, the truth is that there is so much to learn from it. If you had the opportunity to pursue an MBA before starting a company or directly starting a company, which option would you choose?
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https://producthq.org/career/product-manager/how-to-decide-if-you-need-an-mba-as-a-product-manager/Not necessarily having an MBA can make your business successful. MBA could be a plus factor and additional knowledge for you in some aspects. Success of a business would depend on your marketing strategies and how well you know the business. Another thing that you should know the needs of your clients and customers to be able to quantify what support needed to be able to gain their trust and loyalty on your products. There are MBA and Doctorate degree holders but they did not use it to run a business and even if they used it they also fail. To be able to be successful in a business you must have a good marketing strategy, make sure you know your products well and you know how to sell it, know customer needs, being considerate to your staffs / sales force motivate them for them in return they will give their 110% to work on your business. And also proper compliance to the government in example paying taxes on time, getting the proper licenses to be able to operate legally, etc.
Having one would be better but its not something compulsory or needed if you do really have the knowledge on how to handle your business or on how you would be running it. It would really be just that normal for
a certain individual would really be making that sufficient research in regarding on the business that they would tend to do because it would be no sense that you would really be making a business without having that proper preparation or analysis into it because you would really be just basically be wasting up your capital if you have done so. Starting a business or investment is never been that simple on which there are lots of factors which you would really be needing to study or would really be needing learnt up and the rest would really be adding up on real experience.
Marketing does really play a big role on companies or business success but of course it would be overall boils down on the product or services that you are really that offering
whether it would really be getting much demand or not.