For many people, the true American dream is to be able to be your own boss. Whether you dream of running your own small bakery or starting a large chain of retail outlets, running your own business can be a fulfilling and exciting opportunity.
Unfortunately, a large percentage of small businesses fail each year. Even the best ideas and products can fail unless the business owner or manager has a solid understanding of how businesses run and how to overcome the biggest obstacles.
There is no better way to prepare for running your own business than with a degree in entrepreneurship. This guide will help you better understand entrepreneurship, realize the importance of a business degree and see how you can create a successful business on your own.
An entrepreneur is someone who starts their own business. Rather than working for a larger entity or managing an existing business, entrepreneurs lay out their own capital and work to create something new. Although there is a lot of risk involved with starting your own business and working as an entrepreneur, there is also the potential for a great payoff.
Those who start and run successful businesses get to keep all of the profits rather than passing them on to a boss or dozens of investors and board members. While nearly anyone can become an entrepreneur, the most successful candidates typically have a degree in entrepreneurship already.
Typical Course Programs in This Field
Although the courses offered in an entrepreneurship program differ slightly depending on the college or institute where you are enrolled, most of the material will be the same. You can expect to learn all about what is required to start and create a new business. This includes finding capital, recruiting investors, hiring staff and dealing with patents or licensing. You will then go on to cover additional business related subjects like creating budgets, following business plans, dealing with customers or clients and even analyzing market research on consumer spending habits.
Employment Opportunities After Graduation
Most graduates with a degree in entrepreneurship will immediately turn to their own businesses. If you don’t have the capital to open your own business or you are not sure if it is the right economic climate to start a new company, you might also want to work in another company to learn more about the day to day running of a business. Large companies are often excited to hire entrepreneurship majors because they are well versed in all aspects of running a business. Graduates who studied entrepreneurship often find themselves as the managers of large businesses before starting their own companies later on down the road.
Benefits of Being an Entrepreneur
The reasons that people want to become an entrepreneur are nearly limitless. To begin with, you put in exactly what you get out of it. It can be rewarding to reap the benefits of hard work and smart choices. You can also set your own schedule and work whenever it is most convenient for you.
Advantages of Online Learning
Entrepreneurs appreciate online learning more than most students. If you are starting up your own business, you may not have a set schedule. If attending traditional campus classes is too much of a time commitment, you can enroll in an online degree program in entrepreneurship instead. This allows you to apply what you are learning directly to your business.