All businesses must start somewhere; either by fulfilling a need for themselves or perhaps an invention to assist others with their needs. Your creation can be in the form of a service or a product. If you have a great idea, an entrepreneurial spirit about you and the drive to fulfill your dreams, you should consider beginning your own business. As a business owner, you are in charge, in control and you’ll bask in your success with a feeling of accomplishment and a job well done.
But before you take on that big adventure, you should get your ducks in a row. You would like to succeed, right? Primarily, your first step should be earning an online Bachelor of Entrepreneurship degree. Also, other types of business, financial and computer degrees are most helpful.
In today’s world, everyone is busy; therefore, if you would like to take advantage of online distance learning opportunities, you certainly can find available programs on the topic of entrepreneurship. Prerequisites may apply, such as a high school diploma or GED, an excellent GPA, and perhaps some pre-business courses. If you’ve previously earned an associate degree, your online bachelor’s degree will take you approximately another two years to complete, depending on your schedule. Most coursework is offered through asynchronous classes, meaning that you can enjoy doing your assignments from anywhere you have a high-speed Internet connection. You can also complete your classwork when it is convenient for you; although, most online schools do enforce deadlines.
Through an online bachelor’s degree in entrepreneurship program, you can expect to learn generalized fundamentals that can be applied to any business venture; however, if your school offers concentration options, you can choose a specialization. Classes may include coursework in design innovation, accounting, financial management and policy, organizational leadership, new venture development, economics, sales and marketing analysis, human resources, psychology, business administration, entrepreneurial financing, business law and ethics, product management and production.
Do you need a formal academic degree to open your own business? Well, it’s certainly not a requirement; however, the BLS reports staggering statistics which indicate that 20% of small business owners fail in their attempts within the first year. Furthermore, 50% of small businesses must shut their doors within the first five years.
As you will learn, small business ownership is not for the faint of heart, as it is like running a marathon, not a sprint. Why do businesses fail, you ask? Of course, there is a myriad of reasons, but honestly, a lack of education could top the list. If you fail to provide proper leadership, can’t manage financial matters, don’t have a sound business plan, and cannot add value to the consumer’s everyday needs, then you will fail. Why risk it? You should, most definitely, invest in an online Bachelor of Entrepreneurship degree program to ensure your success.
Check out our selections for the Best Online Schools for Bachelor of Entrepreneurship Degree Programs if you are ready to follow your dreams!