Why We Love It
$185,850Potential Avg. Salary*
* Salary & growth data is based on the recent Bureau of Labor and Statistics data published at https://www.bls.gov/oes/current/oes111011.htm for 11-1011 Chief executives 11/2021. Based on national data, not school-specific information. Conditions in your area may vary.
With a bachelor of science in entrepreneurship, you’ll learn the skills needed to run a family business, start your own business, or provide practical and strategic guidance to new startups. You’ll learn how to write new business proposals, form well-researched and persuasive business plans, generate product and service ideas, analyze business finances, and operate a compliant business that adheres to applicable laws.
What is a Degree in Entrepreneurship?
Entrepreneurs are idea people who take their ideas and transform them into revenue-generating enterprises. The growing, global availability of internet access had made entrepreneurship more accessible than ever, and aspiring entrepreneurs can learn the tools of the trade in a bachelor of science in entrepreneurship program. After graduation, students have the skills needed to take over a family business, start a brand-new business, or provide business consulting at enterprises and startups alike.
With the internet making it more possible than ever to find an audience for new products, services, and software, the future for entrepreneurs looks brighter than ever. With experience, many entrepreneurs are able to become chief executive officers (CEOs) of their own businesses. Additionally, some sell their businesses for large sums of money, and others take senior leadership positions at major U.S. corporations. Entrepreneurship program graduates gain the leadership and business skills needed to succeed in a variety of roles.
What Courses Would I Take For a Major in Entrepreneurship?
- Entrepreneurial Finance
- Entrepreneurial Marketing
- Family Business Management
- New Venture Business Planning
- Entrepreneurial Consulting
- New Venture Formation
- Internship in Entrepreneurship
- Innovation Management
What Jobs Can You Get with a Degree in Entrepreneurship?
As the internet has grown in usage and popularity, the audience for entrepreneur’s products has expanded exponentially. Entrepreneurs now have the tools at hand to reach and market to a global audience through websites, third-party sellers, and social media profiles. This is expected to increase demand for innovative ideas—and the entrepreneurs behind them—in the coming decade.
How Long does it take?
A bachelors in Entrepreneurship will have a typical length of 4 years in a full time schedule. That said, there are many ways to speed up the timeframe by either taking more units via online coursework, community college, or taking free classes at OnlineDegree.com that could transfer to universities in the US.
Online Entrepreneurship Degree
Online entrepreneurship degree program is a popular choice for both working and full-time students. There are several specializations that are usually offered in these programs as sports management, healthcare services and hospitability. Students are required to complete around 120 credit hours to earn a bachelor degree which can be completed in 4 years for a full-time student.
What Can You Do With an Entrepreneurship Degree?
Do you have a new idea or unique skills and want to start your own business? Running you own business is surely more exciting and more rewarding but the challenges and risks are also more. The majority of startup businesses get closed in the early years because of the lack of funding, insufficient demand, bad business decisions or financial crisis. Studying entrepreneurship will provide you with the principals of how to start, manage and grow your business. Entrepreneurship is defined in economics as the ability to make use of opportunities to transform inventions or technologies to products or services.
The main role of entrepreneurs can be divided into developing a business plan, securing the needed fund, hiring the human resources for the project, providing leadership, taking responsibility for the success or failure in addition to risk aversion. Accordingly, these roles represent the core of entrepreneurship programs.
What does an entrepreneurship student learn?
People may underestimate the value of an entrepreneurship degree knowing that Bill Gates, Mark Zuckerberg, and Walt Disney dropped out of college before completing a degree. However, these are few examples for exceptional success based on their talents. Knowing the correct way for starting, managing and growing a successful business will certainly increase the probability of your future success. The following courses are commonly studied in an entrepreneurship program:
- Finance and accounting: you will learn in this course how to manage and monitor the transactions of your business. You will also learn about balancing your budget and paying the costs including salaries and taxes. You will also get to know important financial concepts as the time value of money, balancing risk and benefits, dividend policy, security market efficiency and optimal capital structure.
- Marketing: the key step for the success of your business is the efficient marketing of your product, service or added value. This course will give insights into this topic helping you design and plan your marketing campaigns.
- Public Speaking: this is closely related to marketing since you will depend heavily on your own words to market your values and vision for your business. You will have to speak to people in conferences or funding events.
- Writing and composition: a crucial tool for effective marketing and communication. You will certainly need to write a business plan, a press release, blog or a proposal to investors.
- Management: this will be the core of your work after starting your business. Learning management will show effective ways of leadership including effective ways for assigning tasks, delivering criticism, motivating your team or collaborating with other companies.
- American History: history is important for entrepreneurs as a great source for inspiring success stories.
Now I have the Geology Degree…where can I work after graduating?
Starting your own business is the intention of entrepreneurship programs however you can still choose from several career options available for entrepreneurship graduates:
- Mid-level management: entrepreneurs have the skills and knowledge to convert the vision and ideas of the upper management into execution
- Business consultant: the core of the entrepreneurship program is to successfully start, manage and grow a business which is exactly what is needed by people facing difficulties while starting or running their business.
- Sales: successful entrepreneurs have the skills for effective marketing of their products or services.
- Business reporter: graduates of these programs can focus on important events and updates happening in the world of business and get this news under the spotlight.
- Recruiter: hiring the right people and assigning tasks to them is among the major skills of a successful entrepreneur.
Should I choose an entrepreneurship degree?
If you do not feel satisfied by a regular job and always look forward to starting your own business then you should think about studying an entrepreneurship degree. However, there is a set of skills that you should develop during the program to become a successful entrepreneur:
- Curiosity: entrepreneurs should have the ability to discover unsolved problems, unsatisfied needs or hidden opportunities.
- Time management: the pace of the business life in the current world is very fast. You should always be ready to avoid missing your right chance.
- Strategic thinking: you will always have to think about future goals and long term plans rather quick gains. Starting business requires a lot of input before starting to generate revenue which may take years before it happens in some cases.
- Networking: building your network is a key to success in your business life. A good network can provide you with all the support that you need for the success of the business.
- Resilience: people running their own business usually face difficult challenges and may fail many times before achieving success. If you are not able to adapt to these challenges and failures then there is a little chance for your business.
- Communication: the ability to communicate in a clear, concise and effective manner is an important step towards success.
Best Jobs for Entrepreneurship Degrees
Entrepreneurs work across a diverse set of industries for small, mid-size, and enterprise businesses. Many take over operations of family-owned businesses, while others start and become CEOs of their own successful startups. Entrepreneurship is also a valuable career for business consultants, and many early entrepreneurs move into senior leadership positions at major corporations later in their careers.
How to save time and money
Our mission is to help you to avoid paying full price for college. We want your Entrepreneurship degree to be affordable and accessible. Here’s how you could save:
Create Your Free SmartPlan
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Earn a Certificate in Entrepreneurship
In a bachelor’s degree program, you’ll have to take—and pay for—general education courses. If you plan to work for yourself and not for a corporation, you may be better suited to earn a certificate in entrepreneurship instead. A certificate program usually only requires a year of study and is focused specifically on topics appropriate for entrepreneurs. If you decide to pursue a bachelor’s degree later, your certificate program credits may even transfer to reduce your required course load.