Top Degrees to Study if You’re Thinking of Becoming an Entrepreneur

image001Over recent years, more and more people have turned to entrepreneurship as a career path after seeing the freedom, fun and passion that can be had in working for themselves. As well, with jobs often tough to get, creating one’s own opportunities can be very worthwhile.

However, lots of aspiring entrepreneurs jump into the life of being a business owner without really understanding how challenging it can be, and just how much you need to know in order to make a venture successful, and to cope with the huge amount of competition that you can be up against.

If you want to give yourself the best possible chance of business longevity and prosperity, it’s important to educate yourself on relevant topics. In particular, further education, through an undergraduate or higher degree, can be one of the best ways to invest in yourself and build up the type of knowledge and skills you need to build and grow a successful business. Read on for some of the top degrees you should think about enrolling in before you take the plunge and become your own boss.

Business

One of the first degrees that obviously come to mind when you think about becoming an entrepreneur is business. In particular, lots of people who choose to move into self-employment enroll in a higher degree in the area, often while they’re working in their nine-to-five job or as they’re starting to develop a venture idea.

Completing the best online MBA program you can find is beneficial for numerous reasons. For starters, this type of degree tends to be very flexible, and will give you the opportunity to choose from a wide range of topics which are helpful for entrepreneurs. This list includes sales, finance, marketing, leadership, international markets, administration, psychology, communication, organizational management, and more.

Apart from gaining a solid foundation in the mechanics and practicalities of running your own organization, an MBA is also a degree that will give you the chance to meet and connect with like-minded people from all around the world. These people can, in turn, be fantastic contacts that end up becoming your advisors, supporters, investors, partners, and employees over the years.

In addition, studying this type of program will also help you to develop a lot of helpful personal traits which you can use as an entrepreneur. MBA graduates typically hone their relationship building and communication skills, plus get better at time-management, problem solving, and leadership, amongst other things.

Economics

For a long time, FAME studies (that is, those concerned with finance, accountancy, management, and economics) have been a common choice for people who plan on becoming an entrepreneur, because of the helpful knowledge and experience that graduates can take from such a degree.

However, in recent years, as Big Data has become more and more important around the world and used for so many different tasks, studying economics, in particular, has become a good idea for entrepreneurs. When you study economics, you can learn how to analyze and then make use of data sets. This skill can be transferred to your own business, and allow you to make better decisions more quickly.

When you can look at large amounts of data, it makes it easier to find out about your potential target market(s) and current customers, and use the best methods of generating interest in products and services. Using Big Data you can also predict sales trends; analyze your venture’s performance in areas such as marketing, sales, and customer service; find ways to improve strategies and processes; and discover areas where you can cut costs.

image003There are other reasons to consider a degree in Economics too. For example, when you study this area you get a thorough grasp on how the banking sector works, from both a macro and micro level; and you can understand how investment works, and the ways in which political changes and international markets can have an effect on businesses.

Computer Science

Lastly, in this digital day and age, computer science is a degree well worth having under your belt. If you’ve always been interested in how computers work, and/or what they can do and achieve in this tech-driven era, a degree in the field could stand you in good stead for owning your own business.

As technology changes and creates industries all over the globe, and computers are used to find even more productive or economical ways of completing tasks, knowing how to create and customize computer programs is a growing way to achieve entrepreneurial success. After all, look at some of the most successful business innovators in recent years, and you’ll see that for many of them, having tech qualifications and experience has been a huge part of their journey to the top.

If you complete a degree in computer science, you can learn how to create and make best use of analytics programs for big data sets, or come up with ways to digitalize a product or service and make it more affordable for the masses. Computer science knowledge can also help you to develop winning algorithms, apps, or other programs; create cutting-edge websites; develop better processes for your business; and find ways to tap into emerging fields before others do.

 

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