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MBA or conventional business

I have worked in startups for 6 years now(Product Manager role); and recently applied for 1-year MBA programs in UK. Got in Queen’s University, University of Liverpool, Birmingham and a few others. I resigned a few months ago because company was putting people on PIP instead of layoff and severance payments. I am not working at the moment. Eventually I did not go for MBA - thought it’s foolish to spend 30lakhs for a Masters Stamp on my portfolio. People generally to for MBA to move into another domain; and mostly product. I am thinking of a few conventional businesses now or a job overseas. I do not have a Tier 1/2 college degree. What would you have done?

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MightyLazyGeekStar

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SharpOmelet

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Grub96

Student

a year ago

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Demon

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SharpOmelet

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Demon

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a year ago

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SharpOmelet

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TepidFanny11

Freelancer

a year ago

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SharpOmelet

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TepidFanny11

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a year ago

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Kaijuwarrior

Zepto

a year ago

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SharpOmelet

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Kaijuwarrior

Zepto

a year ago

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Misc on

by codebreaker

Founder

Why are there not enough folks having entrepreneurial aspirations?

I am addressing folks who have progressed in their careers enough to earn at least 30 LPA. If you are earning this much in India, you are already in the creamy layer of lifestyle. You can afford a decent house, a decent car and probably save up some assets for children's education (A lot of people bring up the expensive school fees). If you get a salary hike from 30LPA to 40LPA, there is a high chance that your lifestyle will not change that much. Your savings will go up, but still it will take years to retire early in either case. It's quite apparent that if you want to improve your lifestyle at this stage (highest-end middle class), you will require an income source capable of providing leverage and exponential growth. Barring a few folks I know, everyone else is busy grinding leetcode, mugging up system design for their next job switch or even worse, kissing ass for the next promotion. Why don't enough people start learning about business on the side and slowly start investing their free time in learning everything they can about it ? I am sure it will be a much better time investment if you play your cards correctly for a long enough time (I am pretty sure this is still a quicker path to riches as compared to 30 years of SIP investments). Note: I completely understand that many people have monthly payment obligations like EMIs. And that's why my question is about 'aspirations'. I am not asking 'Why are people not leaving their jobs to pursue entrepreneurship?'. I am rather asking 'Why are people not even thinking about anything else apart from the next (disappointing) hike?'