Starting a business is a considerable investment of money, time, and energy, so finding the right undergraduate degree can put you on the path for success before you pursue that online Master of Business Administration degree later on. However, if you play your cards right, your investment could pay off big time.
Where do I begin?
The most straightforward choices for an entrepreneur are an online Associate of Science in Business or an online Bachelor of Science in Business degree. Both degrees give students the foundation for starting and keeping a business running smoothly. Whether you have two or four years to dedicate to getting a degree in business, when you select this option, you’ll get a broad overview of the daily details related to the operation of your own small business. This includes writing, understanding, and putting contracts into place, handling financial aspects and budgeting, determining how to market your business appropriately and knowing when to take risks.
Do I have other business options that could lead to working for myself?
If the idea of studying business does not appeal to you, you can still follow your dreams with another degree. One good choice would be a degree in English or writing. People can translate their love of reading, critical thinking, and creative writing skills in business situations. Plus, there is good money to be made as a freelance writer, editor, proofreader or content strategist.
Another solid choice would be an online Bachelor of Science in Communications degree. Being in the field of communications means you’re always on the go, meeting new people and getting connected. A communications degree can help you learn how to write and speak clearly; all valuable skills when you’re trying to land a new client or finalize a contract. Do you lean more towards the STEM (science, technology, engineering, and mathematics) side of things? Degrees in mathematics, accounting or finance could prepare you for taking out loans, maintaining cash flow, and balancing your budget. These degrees will also come in handy as your company grows and you need to hire new talent, either in a contract or full-time capacity.
If you’re more interested in the hiring aspect of running a business, earning an online Bachelor of Human Resources degree is a great way to prepare for finding and retaining talent and understanding how to build the perfect culture for your business. Knowing about employee benefits, retirement, and other perks will help to keep your future staff satisfied.
By earning an online Bachelor of Entrepreneurship degree, you will certainly be qualified to own your own business. If you are innovative and have a product or service to share, you should do that, without a doubt. Through an online Bachelor of Entrepreneurship degree program, you will learn the strategies needed to produce and market your product, as well as, successfully sell it for profit. Also, you’ll acquire the day-to-day skills necessary to operate your business sufficiently. As an entrepreneur, you can be your own boss.
BLS.gov reported that the average salary for a small business owner could range from between $29,462 to upwards of $160,606 annually, with an average of $59,000 per year, as of May 2019. Of course, we all know the sky’s the limit, and your actual salary will be based on how much hard work, determination, and dedication you are willing to put forth!