Why Earn a Degree in Entrepreneurship?
You don’t need a degree in entrepreneurship to be an entrepreneur. That’s definitely true. After all, Bill Gates never finished college. Neither did Mark Zuckerberg. If you’re starting your own business, you don’t need to get your foot in the door or impress a hiring manager with your credentials in order to get a chance at an interview. You’re the boss, and you’re hiring yourself.
However, that doesn’t mean an entrepreneurship degree isn’t valuable. There are quite a few reasons why you should earn a degree, even if your dream is to start your own business. Here are a few.
You can learn valuable skills
As an entrepreneur, you’ll have to wear many hats to get your business off the ground. You’ll be the one coming up with the product, service, or concept ideas. You’ll be the one managing the marketing strategy and interacting with the clients or customers. You’ll be in charge of invoicing and possibly accounting and technical decisions. If you’re only knowledgeable
in one area of the business, it could be a handicap in getting your
company off the ground.
An online entrepreneurship degree will help you fill in knowledge gaps that could hold you back when you start your business. You could learn marketing strategy, hiring and recruitment tactics, e-business basics, social media marketing, product design and development, market research skills, and more. These will all put you on a much stronger footing when you graduate.
A traditional or online Bachelor of Arts in Entrepreneurship brings with it many benefits. It provides you with the opportunity to learn business skills that will serve you well as a company owner.
Being in a degree program, such as an online master of business administration in entrepreneurship, will expose you to new ideas and options you may not have known about without going to school. The things you learn could inform your business choices later—and you could be exposed to a whole new industry or area of business you didn’t know about before, but discover you love. College gives you the time and support to get exposure to different options—and time to figure out what it is you really want to do.
You can try out different business ideas
Many entrepreneurship degrees have a strong hands-on component. You could have the opportunity to start a business—easier to do than ever these days with the Internet—and see how it does. You’ll get to test your business skills before taking them out into the real world, and before you make any big investment decisions.
You can make contacts
You never know who you might meet in college. You may meet like-minded classmates who could become your next business partners, or your professor may become your first client. And spending time with other people who are in your field could give you valuable inspiration.
The degree will give you more choices
You never know—your business may not work out after all. If it doesn’t, that’s not unusual—according to some studies, as many as 56% of new businesses fail within the first five years. Or you might change your mind and decide you’d rather work for a company than make it on your own. With a college degree, you’ll have a much easier time getting hired in a job that pays well and has good benefits than if you decided to forego the degree. A college degree gives you better options in case the entrepreneurship path doesn’t pan out for you.
A traditional or online bachelor of arts in entrepreneurship brings with it many benefits. It provides you with the opportunity to learn business skills that will serve you well as a company owner. It will allow you the opportunity to meet other like-minded people who may turn out to be valuable professional contacts down the line. And it gives you options—including the possibility of being hired by a company. True, you might not need that degree. But it still could be useful to get one.
US Small Business Association
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