However never loose heart over problems.Your problems will get sorted out by positive efforts.
""My family was telling me that I should join any job that comes up (otherwise the gap will increase) but my main worry is if I take a pay-cut and join some XYZ company then it will surely reflect negatively on my resume and credentials and skills.""
There positives to what family is telling you.
It is better to have a job than remain jobless.
Use your waiting period to add qualifications in your area of strength.
From which university or institute are you planning to do MBA?
There are far too many MBA institutes.
What is your basic qualification?
In your place I would make getting a job the priority even if it does not suit me as flow of income will give confidence, contacts and exposure.
Your strengths must be developed and everyone cannot be an entrepreneur.
Your entrepreneurial ability is a plus point and if projected well can impress potential employers.
To sum up my post
Be bold and confident.
Try to add a topical qualification while job hunting, in line with sunshine industries and your educational background.
7th July 2018 From India, Pune
Yes, what you had said is true. When I was working, I was much confident and self-assured, but, with the passage of time during my entrepreneurial quest I had lost some of the sheen associated with being a confident person.
I have plans to do well on entrance examinations and put in my best efforts to convert interview calls from good to very good MBA institutes. (Not the best, because I know they might filter me due to the excess work experience, and the gap)
My basic qualification is a Computer Science engineering degree from a very good private college.
I had attended multiple business renowned business plan conferences and pitched in with my business idea/concept-- this gave me a lot of confidence and exposure. Of course, I did put this up in the interview and put a positive spin to it too.
But, the overwhelming fact that rankles me is the notion among the people interviewing me or who had interviewed me that this "chap maybe a flight risk again to entrepreneurship". I had steadfastly decided not to pursue entrepreneurship again because it involves the crucial functions of time and money.
I had identified a sunshine industry already and working on it. I am planning to take up a planned 12 month course interspersed with practical projects that are sided towards implementation of the same.
I am also thinking of teaching part-time in an institute so as to gradually institute the work-ethic again.
Yes, I do understood getting a job is of prime importance. But, my only gripe is that I don't want to take a pay-cut (drastic) and join a firm because it will (I am sure) expose me to further reduction in pay from an absolute stand-point. (For my future age, degree and skills)
Also, I do know that prospective employers (have some HR friend(s)) view a potential candidate from the skills he is bringing and also if the person's income is within his level of experience.
Actually, the "perceived" gap amongst people who had interviewed me was not really a gap-- I had worked on my start-up conception and tried to implement it. Not all ideas succeed and in the process I was unable to substantially scaled it up. It can be construed to be a gap upto a certain extent.
If I take up a course of study in a sunshine industry and work on some projects, do some part-time work (for income purpose) and later opt for an MBA, does it help in the future?
Any further advice or suggestion?
Thanks and Regards.
7th July 2018 From India, Hyderabad
#AnonymousYes I agree with you.
That's why I am seeking a quality MBA degree. I see or observed many people in upper management or middle level management have a Master's degree from a good university, so I feel a quality MBA does indeed foster career growth and the consequent growth in pay too.
I am focusing on MBA because my earlier role had a heavy emphasis on client interaction, and was akin to a business analyst role. So, in comparison with my technical knowledge, my business knowledge and understanding of various business functions within an enterprise are far better. Thus, an MBA degree will complement this knowledge and expertise (of mine) and I can exploit it to a better degree.
I am okay with technical things but lost some touch in the last few years but still I can explain things and know programming, and testing concepts. (Agile, Scrum etc etc)
I am thinking of an MBA with business or data analytics specialization-- you feel that's perfectly apt? I did research on the net and it was indeed good.
My ultimate aims are: Knowledge, Money and Growth in Career.
I do know a Masters in CS also helps or a Masters in Data Analytics too, but due to my previous experience I am under the impression an MBA with Business Analytics might be the perfect combination.
Thanks and Regards
7th July 2018 From India, Hyderabad