Studies & Degrees in Entrepreneurship
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Becoming an entrepreneur requires taking risks, ability to challenge oneself, and a comprehensive curriculum that will aid every future entrepreneur become today’s most accomplished industrialists.
Entrepreneurship courses offered by universities and educational institutions are equipped with proven strategies/approaches that will cultivate every student’s entrepreneurial mindset. Through the curriculum’s specialized subjects and courses, entrepreneurial topics and structures are thoroughly discussed. In fact, hands-on lab courses are offered to let the students examine entrepreneurial principles. This will not only develop students’ entrepreneurial skills but will widen their scope of study as it extends to various entrepreneurial situations. Such entrepreneurial situations will enable them to work on business contexts for product development and analysis, negotiations, financial structure, management, marketing, and social entrepreneurship.
Study of Entrepreneurship is a transcendental opportunity for students to apply business theories into practice. Through their participation in hands-on entrepreneurial courses, students learn to develop business plans, create and build financial models, frame entrepreneurial finance structures, and make tough decisions through entrepreneurial concepts.
Entrepreneurship course is a field of study that prepares students to launch their own business venture in the future, hence the so called student ventures during the course period. Such will not only prepare them for a plethora of career paths in Entrepreneurship but extend their capabilities in other major fields of studies such as Economics, Accounting, Management, Marketing, and Advertising.
The making of real and effective entrepreneurs through the Entrepreneurship course eventually creates entrepreneurs who are fitted in building larger business enterprises. Their abilities in making difficult decisions and trade-offs become indispensable in producing short-term and long-term profits. Such abilities get developed as they take entrepreneurial courses that delve with customers, operations and costs, people management, cash and valuation, and raising money.
There is no doubt that the life of entrepreneurs is gratifying, but like any other professions, it comes with a cost and lots of responsibilities. Thus, as part of Entrepreneurship study, aspirants are required to take rudiment courses. To name a few, courses like the fundamentals of marketing, financial management, financial accounting and theories, operations management and computing, communication and negotiation skills, human resources management, management information systems, organizational behavior and leadership education are taken.
Today’s global world is composed of risky firms and declining social institutions that greatly influence the economic condition internationally. Such conditions shape various economic settings that will affect the global economic circumstances. So, Entrepreneurship students must become acquainted and cognizant to the global markets as well. National policies and competitive advantages of firms around the world should be studied carefully, with the intention of making it more competitive. This will create and spark a huge change in the business world. Also, students will become professionals who are capable of operating developed and emerging markets, at the same time capable of recovering the weakening condition of a particular market.
Finally, Entrepreneurship students are taught to cope with technological innovations that serve as challenges in revolutionizing changes in the market. This will not only highlight the power of innovations and technological breakthroughs in terms of producing products but make firms become more established and aggressive.
Job positions for Entrepreneurship:
Small Business Owner
If you want to become rich, start with your own small business. The popularity of small businesses among budding entrepreneurs is overwhelming. Even people who don’t have the formal education in Business Administration, Entrepreneurship, and other business courses take the risk of engaging in small business ventures because they know that business could give them financial success. Flexible people, equipped with practical skills and knowledge in doing business, innovative, and have the starting capital can start a small business.
The profits that will be gained as a blossoming Small Business Owner serve as the main driving force. Some even sacrificed the privilege of being white-collared in exchange of the financial freedom and time flexibility they can acquire once they manage their own business — once they become their own boss.
Even though managing a small business, one should be knowledgeable in introducing new goods and services to the target market. In becoming a successful Small Business Owner, one needs to constantly educate himself and become a business savvy. Intelligence and skill when it comes to doing negotiations, closing deals, and transacting with all types of people should be impeccable. Eventually, as a Small Business Owner can leverage a strong brand name and acquire a huge purchasing power from the market.
Capital is minimal in a small business. So, come up with ideas that can possibly raise capital from investors. Making a small business a huge enterprise should always be the vision so even though much of the risks are shouldered in becoming a Small Business Owner, manage to take financial risks which can likely bring huge profits in the future to a still small business.
Becoming a Small Business Owner can turn out to be the most lucrative job in the world. However, be aware that even multi-billion companies were not founded yesterday; they started small and finished big. Making a small business successful and huge in the future takes time, so patience and endurance are needed. To make this possible, never run out of ideas that will lead to innovations and products and services that will become a hit in the marketplace.
Yes, formal education is still needed in becoming a successful Small Business Owner. However, theories and approaches learned in educational institutions are not always enough. In fact, some famous business owners around the world didn’t even have the opportunity to go to universities. What needs to be done is to develop the full potential as a business owner by being self-reliant, competitive, confident, good decision maker, persevere, and independent.
Also, Small Business Owners are known to be the one of the most motivated individuals. They are also well-equipped with traits and qualities needed in excellent organizational leading, communicating, relating, and solving problems. They need to know how to work actively when it comes to expanding market and joining other sectors of the economy. They need to be familiar with the past and present economic conditions and be able to predict future events that may greatly affect their small business.
Entrepreneur
Bill Gates, Oprah Winfrey, Benjamin Franklin, and Walt Disney are some of the most famous and powerful entrepreneurs the world has ever had. If you are one of the many people who aspire to become an Entrepreneur, then you can make these people your inspiration.
Many Entrepreneurs can be considered real winners since they were able to transform every obstacle into an opportunity. They are the ones who decided to take extra mile and became more aggressive as they face failures and challenges along their way. Also, they realized that the best thing about being an Entrepreneur is you are your own boss. Not everyone can become an Entrepreneur though. So, apart from the formal education one should acquire, your own experiences and others’ experience can serve as your teacher, too.
As an Entrepreneur, you need to own your own business. Apart from that, you need to keep up with every emerging product innovations, theories and approaches, and be informed about business information by reading business magazines and journals. Your access to key information pertinent to managing and running business operations will lead you to success and equip you with specific tools for entrepreneurs.
Entrepreneurs are inclined to good ideas since they are known for being visionaries. Bill Gates wouldn’t become as successful as he is if he is not a risk taker or a coward in facing failures and disappointments. This means an Entrepreneur mind is keen to good ideas and he or she is capable of dominating the market through new performances.
Not everybody has what it takes to become successful Entrepreneurs especially at these times. Not every business venture makes it in the market and most of the time passion to do business is not enough. Though having too much enthusiasm pays well in becoming a successful entrepreneur, other qualities should also be cultivated.
Entrepreneurs are goal-oriented and as they always set and manage to achieve desired outcomes for their business. Entrepreneurs have creative imagination and their ideas in product innovation are matchless and feasible. The positive attitude that Entrepreneurs have helps them build good business relations and relationships. Though decision making is the toughest call for an Entrepreneur, they are able to make sound decisions at the right time with the right pace. The determination of an Entrepreneur in pursuing business ideas and endeavors is equated to planning his own path in life, so every step is taken critically and carefully.
Apart from the mentioned qualities, Entrepreneurs are apparently equipped with higher faculties which pertain to mind, reason, memory, will, perception, imagination, and intuition.
Formal education helps a lot in becoming an Entrepreneur so it is not surprising that many Business Administration and Entrepreneurship graduates pursue MBA degrees to better equip themselves as business people. Such will not only hone their entrepreneurial mindset but will immerse them in an in-depth understanding of business other than what they will experience in the business world. Yes, experiences are the best teachers but the best lessons in life are taught in educational institutions like universities and colleges as well. There is no need to reiterate the fact that the best training ground in pursuing an entrepreneurial career is through formal indoctrination followed by real life application.
Business Manager
A Business Manager exists in different businesses, both in small and big industries, and usually has training or education in business related courses and programs such as Small Business and Entrepreneur Management that aids him or her to effectively perform the job. They could function in greatly specialized means, controlling one department or they might function as an owner or a manager of a small business, simply doing about anything necessary to make sure that all factors of the business together with its requirements are accomplished. At time, a Business Manager is someone who should smooth the progress of the work without really performing the job that is needed. This is not actually an unenthusiastic statement. It simply means that a Business Manager is accountable for ensuring employees are working at the most favorable levels and that as the manager, he or she must direct, delegates and plans.
With the job position as Business Manager, you will notice these people perform a selection of things. They might supervise the employees assigned in things such as sales and production, review and reprimands, create assessment about employees incentives, and facilitate to know when a business may not functioning at its economic peak. If this is the case the Business Manager should make a business plan to enhance profitability. A business plan is actually included in the entrepreneurial toolbox of the manager when he or she was still studying the Small Business and Entrepreneur Management program. Thus, such situation can be easily resolved.
Some managers mainly direct supervisors and do not have fairly as much communication with employees that create the most of the products or sell merchandise. In such sense, they can also be regarded as the supervisors of all the supervisors. Other Business Managers are directly accountable for the reviews, preparation and motivation of the employees.
Business Managers who employ one department may be accountable for things such as human resource management, sales, payroll, production, advertisement and other things. They are normally inclined to be required in most fields, not only in usual business industry but as well in science-oriented businesses, performing arts, medical facilities, and hotel and food companies. For all purposes and intents, a manager in a theater is also a Business Manager. He or she helps to provide work for others, evaluates profits, hires and fires employees and ensure that the theater is running smoothly.
The purpose of a Business Manager of any level is to ensure that everything he or she directs works as good as it could. So as to achieve such, a Business Manager might implement different business models educated in school or might make procedures, teams, employee rewards or other different things to attain the most effective department, business or company. Big companies basically have plenty of Business Managers, whose duty might be to give assistance to supervisors with their task and give repot to the upper management or owners of the business. At times, a Business Manager can be the upper management or the owner of the company.
If you are fascinated in the world of business and entrepreneur management, there are a lot of skills you needs. In fact most of these skills are taught in Small Business and Entrepreneur Management program.