MARKETING // EDUCATION // LIFESTYLE // BUSINESS // DESIGN
Picking the Right Degree to Become an EntrepreneurSome students tend to be more independent and proactive than their classmates. They have a natural urge to be pioneers, constantly coming up with unusual solutions, and exploring new opportunities. They can become successful entrepreneurs, but they’re frequently unaware of the possibilities out there. There is no room for entrepreneurship at school where teachers adopt the "Stop talking and keep learning, and maybe one day you will get a job of your dream" mentality. A student thinking of starting their own business or becoming self-employed may be a major headache to a lot of teachers. Thus, it is little wonder that for many of them, the dream of pursuing entrepreneurship remains unattainable until the graduation date. The "Create job opportunities instead of relying on yourself only" motto doesn't seem to be that popular in modern society. However, entrepreneurship provides many students and graduates with some tangible benefits, such as financial independence, flexible schedule, and not having to be bound to a certain job. Independent thinking, proactiveness, and responsibility are indispensable for any enterprise-minded students. Of course, there will also be some challenges along the way — after all, successfully running a business, even a small one, isn't an easy task. University students and graduates can try their hand at any business undertaking, including the most unusual one, and pursue their ambitious goals. So, why should they become entrepreneurs? Let’s answer this question. Get Familiar with the Nitty-Gritty of EntrepreneurshipTaking up entrepreneurship means identifying market niches, developing business ideas, and devising business plans. However, business owners still have to work on themselves a lot, and only after that, they can move on to human resource management. Startup owners often find themselves in a precarious position, which is why being all-rounders can be their salvation — at least to a certain extent. In fact, quite a few entrepreneurs have managed to stay afloat by setting up not just one but many different organizations (but not at the same time, of course). In addition to the core business, an entrepreneur should also attract new customers and convince investors. Their marketing strategy should be flawless, while their financial records should be kept accurately and conscientiously. To fully exploit the potential of internal processes, in-house accounting is also important. All in all, an entrepreneur should have expertise in various areas or at least be well conversant with them. Specialism vs GeneralismOf course, if you study languages and your goal is to start a translation service, this approach will be quite justifiable. If you have a precise plan in mind, it won't be difficult for you to pick a course that will help you develop a project. However, if you’re taking a course in humanities, natural sciences, or engineering, you should also consider getting some business administration skills (e.g., accounting, marketing, corporate management, etc.). Keep in mind that no entrepreneur can survive for long without sound business knowledge. As an entrepreneur, you can compensate for a lack of commercial skills by partnering with relevant, skilled individuals. Keep in mind, though, that being a competent business leader requires knowing all the inside processes, so you should always strive to increase your knowledge base and pick up some important skills. Business BasicsBut what should you do if you’re not clear on what kind of company you are going to found? In fact, answering that question requires you to have relevant education and sufficient experience. Therefore, getting either of the two should be your number one priority. What Should You Do If You are Still Undecided?As mentioned before, entrepreneurs need to be familiar with just about everything. To run a business, you need to have some basic knowledge of marketing, sales, accounting, and human resource management. You will also need some in-depth understanding of a particular area of your business. However, all of that may prove to be useless without a well-thought-out business concept. To become an entrepreneur, you can choose one of the two approaches — generalist or specialist. If you stick with a generalist approach, you not only get knowledge in business administration and management but also study mathematics, technology, and science. Mastering software development, networks, and e-commerce, as well as gaining competence in business management, marketing, and project management, will provide you with a solid foundation for pursuing an entrepreneurial career. Look for study programs that don't focus on details but rather provide you with broad knowledge:
Studying business administration is a classic way for people who want to keep their entrepreneurial activities transparent. Although MBA enables you to run a business, it doesn't provide you with any insights into technology and science. You should also keep in mind that business administration programs in universities are often tailored to supervisory positions in corporations, which is why you can get a lot more entrepreneurial skills by taking them.
1 Comment
|