As opposed to what most people believe, starting a small business and delving into entrepreneurship is no small feat. The process requires patience, knowledge, and expertise. That said, you can definitely get a shortcut and learn the tricks of the trade in a fast, organized manner.
How, you might ask?
By getting a college degree, of course.
Granted, you can still become an entrepreneur without a degree, but getting one can really help you kickstart your journey and get your foot in the door the right way.
So, enough with the instructions already; which is the best degree for starting your own business?
Best Degree for Starting Your Own Business
Although pretty much any degree can be of use when starting a small business, there are three that I personally believe are relatively superior in this field, which are:
Business Degrees (Duh!)
Business degrees, as the name indicates, cover several aspects of business management, and they can sharpen your leadership skills (which are as important as any other skill in the business world). After all, being able to make executive decisions regardless of the circumstances is a crucial part of being a business owner.
Besides leadership skills, business schools teach students how to communicate properly, how to analyze their respective markets, and how to hunt for opportunities. Not only that, but they also touch on other broad yet relevant subjects such as finance and psychology.
Although a bachelor’s degree in business doesn’t exactly touch each topic deeply, an MBA does force the student to sharpen their skills in each and every aspect.
Marketing degrees are yet another excellent option when looking for the best degree for starting your own business.
A marketing degree, or any creative degree for that matter, will teach you how to see and provide for needs in a specific market as well as how to present yourself to prospects and potential clients properly. Considering that you MUST present your ideas and convince investors that they would work as part of your entrepreneurial endeavor, knowing how to introduce yourself and your business is a MUST.
Furthermore, entrepreneurs and small business owners that have marketing degrees can market their products effectively and scale their projects as they grow, which is essential in the never-stopping world of business. All of that makes marketing degrees an excellent choice if you need the best degree for starting your own business.
Finance or Accounting Degrees
Money plays an integral part in any business endeavor. When starting out, it’s essential to know how to manage your budget, cut corners when necessary, and scale as you grow. That especially applies if you have a small starting budget. That’s when a finance or accounting degree can come in to save the day.
But why would you pursue an MBA when you can take a couple of finance 101 courses online for free?
Simply because only an MBA will truly prepare you to chart your finances to investors and analyze the numbers as you go and grow. Sure, it won’t cover every single aspect of being an entrepreneur, but it can give you a solid foundation in one of the trickiest aspects of creating a business.
Understanding the finances of your business and being able to analyze numbers and patterns that change every day can make or break your experience as an entrepreneur. That is why you ought to consider a finance degree as your best degree for starting your own business.
Verdict: Which Is the Best Degree for Starting Your Own Business?
Although any degree can help you become a great entrepreneur, some are more suitable for this field than others. That’s why you need to do your own due diligence and understand your role in your business before picking the best degree for starting your own business.