Can a Bachelor's Degree Help You to Be a More Successful Entrepreneur?

Entrepreneurs exist all around the world, but here in the United States you'll find some of the best conditions for growing entrepreneurships.

13:48 23 April 2018

According to statistics just over 6% of Americans own a business and classify that business as their main job. What this means is that the country is seeing a huge number of people pursuing their dreams of owning their own business. 

 

Of course, there is the downside to entrepreneurship and that's the failure rate. When looking at statistics, the main reason these businesses end up failing are incompetence as the number one reason, then a lack of managerial experience, and a lack of experience. So, what can a person do that wants to start their own business and be a successful entrepreneur but avoiding those common challenges and failures? 

 

One common question entrepreneurs find themselves asking is whether a degree, such as the Bachelor of Business Administration degree, could help them to succeed? Let’s examine it closer.

 

What Does the Degree Teach You?

 

In order to get a sense as to whether or not a business administration degree would help, it’s important to take a look at the actual courses you would take. Touro University Worldwide is a Jewish University online option that offers the Bachelor of Business Administration degree. In its program there are 12 different concentrations, one of which is entrepreneurship. 

 

Students will have the opportunity to learn from industry experts, which means they are bringing first-hand knowledge and experience to the online classroom. Some of the key areas of focus include small business management, the implementation and evaluation of business opportunities, e-business formation, sales, and marketing. It can provide you with a strong foundation that will help to fight off those typical challenges and reasons for failure.

 

Build Your Network of Contacts

 

Then there is the fact that when you attend any type of bachelor’s degree program, online or on-campus, you will also be networking. You’ll be meeting possible contacts that can help you with future endeavors down the road, so this shouldn’t be downplayed. So much of starting your own business is about who you know and making those fruitful connections.

 

Real-Life Experience is Also Necessary

 

Now as much as business school can teach you, and as helpful as it can be where those foundation skills, tools, and techniques are concerned, you can’t assume you are ready for anything. The real world can act very differently than the classroom environment predicts it will. What this means is that your learning process is often a two-part process. Sure, the classroom is going to prep you with many of the key skills, but that real-life experience will prep you in a whole other way that will complement what you’ve learned through your degree program.

 

Giving You the Extra Bit of Knowledge That Can Help

 

When it comes to becoming a successful entrepreneur, there are so many ingredients that go into the mix. Getting a degree and learning those foundational skills can certainly help to provide you with the knowledge you need to be that much more successful.