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MBA in Entrepreneurship: Guide to Start Business

  • By Neha Siddhwani
  • 31 May 2023
MBA in Entrepreneurship: Guide to Start Business

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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

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Small Business Management

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Family Business Management

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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.

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