Should I finish my MBA and wait until I have money to invest, or should I start real small to get a business going sooner rather than later?

Guest Writer
min read
Opinions expressed by Entrepreneur contributors are their own.
Why not start a small, home-based business while you're earning your MBA?

The biggest challenge for business owners day-to-day is simply learning what it takes to run a business profitably on a day-to-day basis. Home-based means you can save on overhead, keep your expenses in line and have some cushion for your mistakes--which you inevitably will make.

Running a home-based business will also allow you to apply your MBA to the basics of running a business--skills you will need when you "ladder up" to your dream business.

This means learning all you can about buying with no money down, learning about vendor finance, never paying retail and learning how to create--or what I call "buying"--customers.

I would also say, don't rule out a network marketing business. They are low-cost to start and will teach you all about sales and building a customer base--two skills you will need no matter what business you decide to pursue.

All the best.
Brad Sugars

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Create your business plan in half the time with twice the impact using Entrepreneur's BIZ PLANNING PLUS powered by LivePlan. Try risk free for 60 days.

Latest on Entrepreneur