The publishing house "Mann, Ivanov and Ferber" offered a very cheap and at the same time working alternative to an MBA degree. Josh Kaufman holds an MBA degree and is proud of it, but part of his book is devoted specifically to the benefits of self–study.

The key idea of the book is that the money spent on a business school diploma can be invested in self-study and it will cost hundreds of times cheaper. In the age of information technology, it is easy to access any information and concentrate only on the right things.

The author examines 256 simple concepts with which you can learn a completely new business thinking. The book will not give you answers – it will teach you how to ask questions correctly. But agree, if you put the question correctly, then getting an answer is not a problem :)

One of the main advantages of the book is that it can be read from any page or chapter. Each part of the book is independent and helps the reader to learn something new about working and building a business.

Before you start reading "Your own MBA", you should get a notebook and a pen. In the meantime, I have collected some interesting thoughts from the book for you:

Any business creates or delivers some kind of value that people need, at a price they agree to pay, in a way that best meets their needs and expectations, while the value brings its owners income sufficient to continue doing this business.
There is a huge difference between what the MBA program makes you in the eyes of others and what it actually does for you.
If you manage to enroll, the school will do everything that depends on it to help you find a decent job, but you will have to make decisions and handle things yourself.
The MBA diploma does not affect the income of the holder during his lifetime.
In fact, any business is a combination of five interdependent components: value creation, marketing, sales, value delivery, financial management.
All the resources for self-education are right under our noses and at an affordable price.
The market is the most important thing.
People don't like to be sold to them, but they love to buy.
The price is what you pay. Value is what you get.

If you are interested in continuing your education, there is a list of literature recommended by the author at the end of the book.

Josh Kaufman

By the way, here are three big drawbacks of business schools:

Studying under the MBA program has become so expensive that you have to literally pawn your life.
Within the framework of the MBA program, he teaches a lot of useless, outdated and even frankly harmful concepts and disciplines.
An MBA degree does not guarantee a high-paying position at all, not to mention that it will not make you an effective manager with the prospect of career growth to the top level in a large corporation.

"My own MBA", Josh Kaufman

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