Here are five MBA graduates who chose not to pursue the conventional corporate career path and instead pursued their passion—food—from nimbu pani carts to bringing Kerala’s banana chips to the rest of India. improved India
Coming from The Better India: The ideal degree in Indian society is frequently considered an MBA. So, it does catch people off guard when an MBA graduate leaves a lucrative job to launch an innovative venture. Mohammed Arif Hussain, an MBA graduate, took everyone by surprise when he decided to forgo the typical job route and start a nimbu paani business. He also received a lot of sarcastic remarks along the road.
Everyone had their doubts, he claimed to Telangana Today. It was upsetting to hear comments like, “Gharwalon ka naam kharab kare” (You’re damaging the family name) and “Why are you doing such things when you’re from an established family?” However, I have no requirement to work just because I got an MBA.
From Atlanta, Georgia: The National Black MBA Association has formally introduced its new executive leadership, including interim chief executive officer Shawn M. Graham, CPA, and acting president Paula Fontana.
Graham moves from her position as the NBMBAA’s chief financial officer to that of temporary CEO. She formerly worked for the Fulton-DeKalb Hospital Authority (Authority), the proprietor of Grady Health System, as its chief financial officer before joining NBMBAA. She oversaw and ensured compliance with Grady’s Pension Plan, endowment funds, investment plans, uncompensated care reporting, the $250 million Center for Advanced Surgical Services bond issuance, and the Authority’s financial disclosures.
The non-profit, 501(c)(3), member-based NBMBAA, is a pioneer in developing opportunities for Black students, professionals, and entrepreneurs to advance their educations and earn wealth. The Association, which has more than 20,000 members, 41 professional chapters, 33 Leaders of Tomorrow® chapters, and more than 500 corporate, academic, and non-profit partners, is committed to building partnerships through its five points of engagement—career, education, entrepreneurship, leadership, and lifestyle—that increase intellectual and financial wealth in the Black community.
From the U.S. Census Bureau: The U.S. economy is mainly driven by small firms, and women increasingly dominate the entrepreneurial environment in the nation. According to recent data from the U.S. Census Bureau, women now own more than one in five businesses in the United States with employees. This percentage has been rising in recent years. These companies generate yearly revenues of about $1.8 trillion and employ close to 11 million people.
Even though statistics from the Census Bureau reveal that women’s experiences with entrepreneurship usually differ from men’s, women-owned enterprises are increasingly crucial to the economy. Notably, the most popular industries for males differ from those in which women choose to launch their firms. Particularly, industries like hospitality and food service, as well as social assistance and health care, tend to have more significant percentages of women-owned enterprises. Additionally, women-owned businesses typically pay less per employee (-30.1%) than the national average, in part because of these variations in the industry.
On the other hand, similar variations also apply to women’s initial motivations for starting their businesses. When deciding to establish a business, women are more likely than males to say that having flexible hours or balancing work and family responsibilities was crucial. In contrast, males are more likely to claim that their desire to be their boss or the potential for more income was the driving force for starting a business.