The U.S. Small Business Administration describes a typical entrepreneur as goal-oriented, driven, independent, confident and willing to take calculated risks. If this sounds like you, you may be ready for the challenges and rewards of starting your own business.
Bachelor's degrees in entrepreneurship, although not a must for burgeoning entrepreneurs, can teach you the basics of marketing, finance and much more about success in business. You can learn how to research the market before you launch a business and how to compete strategically in an ocean of other new start-ups.
Education and training for entrepreneurs
Often entrepreneurship is featured as a concentration for a bachelor's degree in business or business administration. If you have an associate degree in business, you can gain an emphasis on entrepreneurship with another two years of study. Courses may cover these topics:
- Budgeting and forecasting
- Business plan writing
- E-commerce for small business
- Human resource management
- Operational issues
Degree programs teach you how to start and create a sustainable business, with information on incorporating, trademarking ideas and marketing your image. You can also learn to account for your revenue and expenses.
Job outlook for entrepreneurs
Many people who earn an entrepreneurship degree start their own business, but other careers are possible. For example, you could become a corporate recruiter or an analyst in the fast-growing field of market research. With 1-5 years of experience in addition to your four-year degree, you could seek a position as human resource manager or management analyst.
The Bureau of Labor Statistics reports the yearly median wages for 2010 for related occupations, shown here with the projected increase in employment between 2010 and 2020:
- Human resource managers: $99,180, with growth of almost 13 percent
- Human resource specialists, including recruiters: $52,690, with growth of 21 percent
- Management analysts: $78,160, with growth of nearly 30 percent
- Market research analysts: $60,570, with growth of 41 percent
Bachelor's degrees in entrepreneurship are available through colleges, universities or business and trade schools, through on-campus, online or hybrid programs. A master's program is often completed within two years after earning a bachelor's degree.
The independent, goal-oriented nature of entrepreneurs can be a good fit for self-directed online study programs. With the flexible scheduling of web-based education, you can gain work experience while you earn your degree and start on your path to success.