Why Major in Entrepreneurship?
Entrepreneurship is the heart of job growth. According to the Small Business Association, small businesses started by entrepreneurs provide 75 percent of the new jobs added to the economy each year. There will always be a need and a position for business majors who focus on entrepreneurship.
Working as an entrepreneur is much different than working for someone else. Entrepreneurs have complete control over how a business functions and how it will proceed into the future. Business majors with entrepreneurship degrees can also secure employment in sales and management.
Business majors who choose to study entrepreneurship will focus on general business subjects like accounting, marketing, and finance, but will also pay particular attention to capital management, product development, and global business. By the time a business major completes a quality entrepreneurship program, they will know how to start a successful business, market a business, manage a team of employees, and expand into global markets. Most entrepreneurship programs also give students a working knowledge of business law.
Unlike most careers in business, there are no minimum educational requirements for entrepreneurs. But that doesn’t mean earning a degree isn’t a good idea. Business majors who choose to focus on entrepreneurship will be well served with a bachelor degree or even an MBA degree. These degree programs will give aspiring entrepreneurs the skills and knowledge they need to succeed in their career. Students who want to work in research or academia could earn a doctorate degree in entrepreneurship after completing a bachelor’s and master’s degree program.
Choosing an Entrepreneurship Program
There are a variety of programs out there for business majors who want to study entrepreneurship. Depending on the school that you enroll in, you may complete your courses online or at a physical campus or through some combination of the two.
Because there are so many different schools that award entrepreneurship degrees, it is a good idea to evaluate all of your options before making any formal decisions. You will want to make sure that the school you enroll in is accredited. Comparing the cost of tuition and fees is also a good idea. But when it comes to entrepreneurship, the things that you really want to consider include:
- Location: The location of the school can affect your internship opportunities as well as the facilities available to you on and off campus.
- Curriculum: The biggest things that varies from school to school is the curriculum. You need to know what types of course you will be able to take while you are enrolled in the program. Although you will undoubtedly have to take core business courses at every program, the electives that are available to you will vary from school to school.
- Global Experience: Globalization is here to stay. Entrepreneurs need a solid understanding of global markets if they hope to compete in today’s business world. Some business schools offer students the opportunity to study abroad or participate in a global experience. These program can provide valuable opportunities that will serve you well after graduation.