Is pursuing a degree in entrepreneurship worth it? For many, it is definitely worth the money. For others, it may not be. If you are a hopeful entrepreneur, you may want to learn the benefits of majoring in entrepreneurship before you make your decision. Find out how becoming an entrepreneurship major can improve outcomes for your future career below.
Majoring in entrepreneurship will improve your communication skills. This is something that an accounting degree definitely cannot provide. Starting a business requires you to talk to people all the time. If you have a bit of social anxiety or are just not all that skilled at interacting with strangers, this will be an issue. You may need some help developing strategies to communicate with important people that make you nervous. If that is the case, becoming an entrepreneurship major will definite benefit you and your career.
Majoring in entrepreneurship gives you a chance to build relationships with other driven, like-minded business people. This can be hugely beneficial for future ventures. Having a network to consult for troubleshooting business problems or marketing partnerships is exponentially beneficial for business. It allows you access to knowledge and customers that otherwise would not be available to you. When it comes to networking, an entrepreneurship degree will certainly give you a leg up on other entrepreneurs without degrees.
Getting a degree in entrepreneurship allows you four years to hone your management skills without consequence. This is a considerable advantage over other entrepreneurs who do not pursue a degree and head straight into working on their side gig ideas. Managing operations is hard. Managing employees is ever harder. Four years of practice managing different personalities with different ways of doing things is invaluable. Obviously, this will give you an advantage over other business owners in the future who have no management experience in their past.
Just like business degrees, entrepreneurship degrees provide invaluable opportunities to gain hands-on experience in your field. Entrepreneurs that do not pursue their degree do not have internship programs available to them. As an entrepreneurship major, you do. This allows you to get a real feel for the responsibilities of an entrepreneur. It gives you invaluable insight into what your day-to-day life would look like as a business owner. Internships will make you a better entrepreneur, which may make an entrepreneurship degree worth it.
Strategic planning is not a skill that comes naturally to most entrepreneurs. Entrepreneurship majors get to learn strategic planning skills throughout their time in school. This will help you take your future business to the next level and start consulting with valuation services while other business owners are struggling to keep their doors open. If you need to develop critical thinking skills and learn how to plan strategically for business, getting a degree in entrepreneurship will help you out.
Most people think that all entrepreneurs are either college dropouts or have just never pursued higher education. This is not only wrong, but it is also dangerous. It may lead hopeful entrepreneurs like you to decide to pursue your business ideas without even considering the entrepreneurship major. There are a ton of benefits to pursuing a degree in entrepreneurship. Consider the advantages mentioned above, like the access to hands-on experiences through internships and the ability to network and improve management skills. Is a degree in entrepreneurship worth it? That answer is unique to you. However, it can definitely give you some advantages over the competition that are at the very least worthy of consideration.
Photo from alltopstartups.com/2016/10/06/university-degree-or-straight-into-entrepreneurship/