i think experience is foremost thing you need before you start your own firm..
I think after completing B.Arch M.Arch. is also important,coz u can join any architecture firm after completing ur M.Arch.,and it will be easier for anybody to get into a firm.
its not about gettin into a firm or havin one's own !! archi bein a vast subject ,its about learnin the foundations and basics of archi b4 applyin it wisely !!
actually it depends on the situation......if u had time 2 study then go 4 m.arch..........otherwise 1st gain some xperience then open ur own firm
acoording to me gaining experience is foremost thing before u going fr master or launching ur own office
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