CAT 2020 vs. Food Processing Startup: A Comprehensive Comparison of Money, Career, and COVID-19 Impact
Choosing between preparing for the Common Admission Test (CAT) 2020 and starting a food processing startup is a decision that depends on various factors. Both paths offer different opportunities and challenges, especially in the context of the COVID-19 pandemic. This article aims to provide a comprehensive comparison of these two options, considering aspects such as financial implications, career prospects, and the impact of the current global crisis.
Financial Implications
CAT 2020
Preparing for CAT 2020 involves certain costs, including coaching fees, study materials, and the exam fee. However, these costs are generally lower compared to the initial investment required for a startup. Moreover, pursuing an MBA after clearing CAT can lead to high-paying job opportunities in the future.
Food Processing Startup
Starting a food processing business requires a significant initial investment for equipment, raw materials, and other operational costs. However, if the business succeeds, it can yield substantial profits in the long run. It’s important to note that the success of a startup is uncertain and involves a higher financial risk compared to CAT preparation.
Career Opportunities
CAT 2020
Clearing CAT 2020 can open doors to prestigious business schools in India, leading to promising career opportunities in various sectors. An MBA degree can enhance your skills and knowledge, making you more employable and increasing your earning potential.
Food Processing Startup
Running a food processing startup can provide valuable entrepreneurial experience. If the business thrives, it can lead to job creation and potentially lucrative returns. However, it also involves challenges such as market competition and regulatory compliance.
COVID-19 Impact
CAT 2020
The COVID-19 pandemic has led to changes in the CAT exam pattern and increased competition, as more candidates are opting for higher studies due to the uncertain job market. However, the demand for MBA graduates remains high, and business schools are adapting to the new normal by offering online learning.
Food Processing Startup
The food processing industry has been impacted by supply chain disruptions and changing consumer behavior due to the pandemic. However, it has also seen new opportunities, as there is increased demand for processed and packaged foods. Starting a food processing business during this time requires careful planning and adaptability.
In conclusion, both preparing for CAT 2020 and starting a food processing startup have their own merits and challenges. The choice between the two should be based on your personal interests, career goals, risk tolerance, and financial situation. It’s advisable to conduct thorough research and seek professional advice before making a decision.