A bachelor’s degree in entrepreneurship can lead to a number of business opportunities in almost any industry. If you’re creative, motivated and want to develop business prowess, you may consider pursuing a bachelor’s degree in entrepreneurship. Read on for some possible career options.
Entrepreneurs start small businesses by developing new ideas, recognizing opportunities and creating business plans. As an entrepreneur, you will manage your business with the hope of turning a profit. To become an entrepreneur, you need to be able to develop original, innovative products and ideas, and identify where business opportunities exist. The U.S. Small Business Administration lists creativity, confidence, resiliency, drive, inquisitiveness and independence as some traits that are beneficial for becoming a successful entrepreneur. If you have such qualities and want to pursue self-started business ventures, a bachelor’s degree in entrepreneurship may be right for you.
Important Facts About Entrepreneurs
|Sales Manager||Marketing Manager||Financial Analyst|
|Median Salary (2014)||$110,660||$127,130||$78,620|
|Job Outlook (2014-2024)||5% growth||9% growth||12% growth|
|Work Environment||Retail trade; wholesale trade; manufacturing||Professional, scientific, and technical services; management of companies and enterprises; manufacturing||Securities, commodity contracts, and other financial investments and related activities; credit intermediation and related services; insurance carriers and related services|
|Similar Occupations||Advertising sales agents; market research analysts; public relations specialists||Editors; financial managers; public relations and fundraising managers||Budget analysts; insurance underwriters; personal financial advisors|
Source: U.S. Bureau of Labor Statistics
Entrepreneurship programs, which may offer Bachelor of Arts, Bachelor of Science and Bachelor of Business Administration degrees, help you understand the fundamentals of the business world, and how you can apply business concepts to your own product. Through 4-year bachelor’s degree programs, you may learn how to plan and launch a business, design products, understand financial risks and recognize business opportunities. You learn other business concepts, such as funding, venture capital, legal, marketing and other small business administration skills. You may also gain real-world experience through internships and networking opportunities with professional entrepreneurs.
Starting a Business
The appeal of being your own boss and owning your own company can be motivation to start a new company and contribute innovative products to consumers. To start a business, you’ll need to have an original idea and determine whether or not your business has the potential to compete in the market. If so, you make financial investments, research your market, determine a business plan and work out legal and financial matters, such as taxes, permits and business type.
Management in Existing Companies
Having studied in a bachelor’s degree in entrepreneurship program, you could have developed the leadership and innovative skills required for many types of management positions within established companies. You might seek career opportunities in human resources, product development, operations, business development or sales and marketing. Another possibility is working as a management consultant in nearly any type of industry.
The knowledge and skill set you can gain with a bachelor’s degree in entrepreneurship may also be applied to many other professions, including freelance writing, graphic and digital media design, desktop publishing and event planning. You could also buy a business or develop products that you can sell to companies.