There are many reasons to pursue a Master of Business Administration (MBA). Maybe you want to get a job. Perhaps you want to advance your career. Maybe you want to switch careers. And while some MBA graduates may look for opportunities with existing companies, others seek a different path: small-business ownership.
The rewards of entrepreneurship go well beyond being your own boss, but so do its demands. Long hours, high financial risk and a multitude of responsibilities are part and parcel of this professional calling.
So, what makes it all worth it? For entrepreneurs like these two University of Phoenix (UPOX) MBA graduates, Felicia Evans Long and Nindi Wadhwa, it is both the glory of finding success and the satisfaction of owning and operating their own businesses. Read on to learn more about what they do, how they got there and what they’ve learned along the way.
Founder and owner of Sweet Candy Café
Long is no stranger to adversity. But along with life’s challenges — a childhood in the projects and surviving two hurricanes — comes steadfast determination to thrive.
Long earned her MBA in 2008, recognizing it was a necessary "springboard" for opening her own business. She opened Sweet Candy Café, a 92-variety-strong candy shop, in 2012. Located in downtown Lumberton, North Carolina, the business includes an intimate event space that Long has affectionately dubbed "The Parlor," where she hosts receptions and parties. Next door is a salon that Long also owns, and her plan is to eventually buy the entire block.