Since starting the MBA I’ve been asked by family, friends and colleagues: Why do an MBA? What are the benefits of an MBA? Is it worth doing an MBA?
Now I’ve completed the MBA and finally have time to reflect I can ask myself: Why did I decide to do an MBA? What did I want from from an MBA? What did I think the benefits of an MBA would be? Why did I put myself through the financial strain, endless nights of study and self-imposed social alienation that a part-time MBA requires?
Was it worth it?
How do we learn from our mistakes to come back stronger? This is especially important for the entrepreneur, who takes risks and faces setbacks. The ones who learn from their mistakes are the ones most likely to succeed.
Reflecting on past events is an essential link between past action and more effective future action. The harder the decisions we make, the more difficult the process of reflecting becomes. We’ve all encountered people who appear to stumble along, oblivious to the lessons of the past, continuously making the same mistakes, repeating them again and again. This is a good example of those who fail to learn.