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Is a business major good for an aspiring entrepreneur?

A business degree can help you out immensely if you wanna learn the entire ins and outs of different varieties of businesses. I am a business major and I have honestly learned a great deal about how to start my own business, what to do for my own business, and how I can keep my business running properly and smoothly. A business degree will help out people who wanna start their own businesses tremendously. Rich D.

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Kathy’s Answer

A business degree will certainly provide you a good foundation for running a business. I encourage you to think about a few alternatives as well.
- There are colleges that offer programs that specialize in entrepreneurship or product development, so you should evaluate the courses offered by universities to make sure those courses are an option for you.
- Most entrepreneurs start businesses with a product or service in mind. Even tho you probably don’t know yet what your product will be, you probably do know what you are interested in. For example, do you want to develop software? Own a job placement company? Start a new chain of nursing homes? Or maybe start a boutique, a line of sustainable kitchen ware, or a charter school? Knowing this will help you you pick other courses that help you start a business or get a job in the industry you want to work in.
- There is no reason why you cannot major in IT or Human Resources or Logistics or whatever and then pick up business, finance and entrepreneurship courses for a minor.

Entrepreneurship is as much a mindset as it is anything. Entrepreneurs are risk takers, rule breakers, hard workers, and “don’t take no for an answer “ people. It is usually these traits, rather than their degrees that make them a success. Go where your heart takes you, but wherever that is, go for it with everything you have (and everyone you know in your network!).
You’re going to do great.

Thank you so much!! You really gave me good things to consider when choosing my major. Caszhmere C.

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Nathan’s Answer

To an extent, yes, but starting your own venture provides unparalleled experience that can't be replicated in a classroom.

Starting your own venture, regardless how small, demonstrates an ability to research, plan, and execute business strategy and will provide a tremendous learning experience.

Source: former business major, former consultant, and current business development analyst.
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Jason’s Answer

Hi Caszhmere,

Short answer - YES!!!

A business degree is a great major for someone who is a budding entrepreneur. One of the biggest reasons is that business degree touches on so many aspects of business that you may be blind to going into business on your own. A business degree is especially valuable if you have a business idea or plan in mind as you can immediately use what is being taught and apply it to your plan or find the real world applicability if it. Like any degree a number of required classes will not be pertinent but the business ones definitely will be. Getting the degree as opposed to launching out on your own right away can help you from falling into a number of pitfalls that you are4 bound to find along the way. Additionally most business professors have real world business experience starting or growing their own businesses and now educate to help the next generation - so their experience and perspective is often more than academic theory.

Best of luck to you!
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Mayra’s Answer

Is a business major good for an aspiring entrepreneur?

This is definitely a good move!
A business major will provide you all the fundamentals you need to be strategic and cautious on your business.

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Filipa’s Answer

Gaining knowledge through your studies can help you to understand better the concepts of business. Writing a business plan, using the Canvas model, marketing your product, managing your finances these are some of the things you learn in your business major and will help you to be successful when creating your own business. At your university there might also be an incubator or start-ups to help you to gain experience and to better understand how start-ups work.
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Angela’s Answer

A business major is a great idea for nearly everyone - hear me out...

MOST organizations of any kind have a business foundation - even not-for-profits have many "business" requirements, such as funding (fundraising), accounting, administration, etc. Business degrees can give you a solid understanding of how the world in general works. It certainly will not be a waste of your time and energy. Should you change your mind about entrepreneurship, you can still use all of your new found knowledge in whatever field you choose.

Learning is the key here - learn as much as you can about as many different topics as you can - as the saying goes, "knowledge is power". Whatever you do, being a lifelong learner will never be a poor idea.

Good luck!
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Juan Carlos’s Answer

Fully concur with the other answers to the topic .

Although not strictly required since you can complement business wisdom with partners with business experience or training , it is always good to have such training due to the variety of aspects to understand , from customer needs understanding, product management/development, industry ecosystem/competitive/competitors landscape and revenue/cost business models, to operational, risk management, financials/accounting, and regulatory/compliance elements .
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Marcus’s Answer

Good morning, Caszhmere.

Yes, getting your education in business management is definitely a step in the right direction.

I would also suggest pursuing an advanced degree in business to develop your skills and opportunities even further.

The main reason for getting your education is that it will expand your knowledge and you will discover more opportunities that may be available to you to build a successful business.

Personally, I majored in engineering and minored in business. Doing so, allowed me to not only focus on engineering careers, but I was also able to take my skillset into the business arena to add value to the organization.

I wish you all the best in your future endeavors and please feel free to touch base with me.

Thank you!

Marcus C. Washington |

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Rebecca’s Answer

Business degree can help to be an entrepreneur but not a must. It depends on what industry you would like to start up. E.g. if you would like to operate a start up on technology, it would be more helpful to choose technology as your major in the college. Subsequently, you can take a MBA degree to acquire more business related knowledge.
I would suggest you take a major on the industry you would like to start first. You can then work in the industry for a few years to understand how the industry works and the business before start up. At the same time, you can take a part time MBA course.
Hope this helps! Good Luck!