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Sade S.



What should be the main focus of students majoring in Business-management, in hopes to start a business that can change the world, but in a good way?

Updated Dearborn, Michigan

I do not want to get out of college and work for someone but I do not want to start a simple day to day business that does not do anything for the good. I want to start something that employs those that need jobs, those that are struggling to get back on there feet not to bring these people down
#respectablebusinessmatters #business #management

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6 answers

If you want to start and operate your own business, regardless of who it's serving, you'll need to have a well-rounded business education. You'll need to understand how to create a business plan, find financing for your company, market and sell your products or services, as well as how to operate your business (e.g. finance, accounting, HR, business law, operations, etc). If your school has programs or classes in entrepreneurship, that's a good place to start.

Given your particular focus on building a business that gives back to the community, I'd encourage you to do a web search on "social entrepreneurship". You'll find a lot of information about people, programs and articles associated with this idea of wanting to build a business that solves a societal problem. Models for social enterpreneurship range from non-profit to for-profit organizations, with hybrid models in between.

Spending some time researching social entrepreneurship and learning about how other people have approached creating companies that solve needs in the communities around them, would be a good place to start. In addition to a lot of the articles that have been written on the topic, you'll find there are organizations & programs designed to support social entrepreneurship, like the Schwab Foundation ( Some colleges and universities have created social entrepreneurship programs, like Standford's Program on Social Entrepreneurship (, and there are online courses like Coursera's Social Enterpreneurship Specialization ( I'd also encourage you to search for and learn about organizations in your community already serving people who are looking for jobs and trying to get back on their feet. Volunteering with these organizations would be a great way to find out what's already being done, and more importantly, to identify what potential unmet needs or opportunities exist for which you can create a solution -- which is at the heart of any entrepreneurial endeavor.

With this idea of social entrepreneurship in mind, in addition to business and entrepreneurship classes, consider taking classes from other disciplines as well, like non-profit management, public administration, or social work to provide exposure to the unique challenges and opportunities associated with the non-profit or hybrid side of social businesses; as well as with the tools, techniques and challenges associated with helping people get back on their feet.

This professional recommends the following next steps:

  • Explore classes in other related disciplines like non-profit management, public administration, and social work
  • Explore what entrepreneurship and social entrepreneurship programs and/or classes are available at your school, nearby schools, or online
  • Research social entrepreneurship - learn about it, people who've done it, and the resources and programs designed to support social entrepreneurs
Last updated Feb 06 '18 at 12:38 AM
I would recommend that you connect with like-minded people. Often the best ways to do that is either through an internship or starting at a company who shares your values. Getting this experience will be invaluable to helping you understand where the needs are that you could address with the company that you want to start.
Last updated Jan 18 '18 at 06:23 PM

Hey Sade,

I loved your question. Young minds that want to move forward in their career by helping others is what we need in this world. Definitely put a smile on my face. For that matter, to start any business, you would need a well rounded business exposure. Jot down a list of business that you are interested in and align with helping others as well.

This professional recommends the following next steps:

  • Talk to your professors in college and make a list of all the businesses that you are interested in.
  • Do market research on these businesses, competition, market value, how much investment will you need etc.
  • Be organized, and focussed towards the goal. Dont lose heart or your aim if you fail. Failures are the pillars of success.
  • Talk to any present business owners that you know of, what advice they can tell you, pros and cons of these businesses. Start making rounds to your local businesses, maybe write a research paper for this as well for extra credit. Good luck! :)
Last updated Apr 03 '18 at 02:48 PM

What you need to be aware of as a business management major (as opposed a specialized business major like supply chain, accounting, or management of information systems) is that the knowledge is very general. It is important to realize that the management major does not have its own defined career path and that you will have to make your own.

It's important while you are in college to not just try to get through your classes, but to spend time thinking on what you want to do after your degree. You should be considering either specific roles and/or industries that you are interested in. Learning specific skill sets and background on industries you are interested in (who are the big companies, who are their customers, what is their business model) will help you to define a path for yourself as a business management major.

If you want to start your own business, you should be thinking about what type of business, working on a business plan, learning about the applicable regulations and licenses, etc. It takes a team to run most businesses so networking with people, especially those who have skills that you lack, will be critical to future success.

Last updated Jun 15 '18 at 07:47 PM

As you grow older, you should take a class on design thinking or User centered Design activity class where you will create new ideas or products/services based on user needs.  Do a google search and watch youtube on design thinking. Mesmerize yourself learning how other big branded companies like Pepsi, Amazon, Google started creating and recreating their distinct products and services

Last updated May 16 '18 at 04:50 PM
Dear Sade, Your concerns are understandable and your intentions are noble. Service to people, especially those at the lower tiers of society, is a way to help stabilize economies and social imbalances. Seems to me like causes in Social Justice might be an area of interest to you. There are many. Here's a starter. Movie The Zeitgeist Movie : ( A little strong for some, and heart wrenching ) Many millennials want to find meaningful purpose in their work life. Something that serves their personal convictions as well. Nothing is more frustrating that working in an environment that does not align with your values or seems to serve an unworthy purpose. And given the state of our planet and global concerns of the future, it is very encouraging to see this development. You are smart in your desire to complete your studies in business you will need skills in finance, human resources as well as technical skills and be able to understand human development and each one's individual interests and aptitudes. Search concept that speak to your heart, whatever they might be. Self Awareness is the portal to self discovery. Also insight into what causes displacement of people in the workforce, competition, technology taking over human work activities, and also cultural and regional barriers to employment, social barriers and stigma as well. the good news is that people abound. There are 7 billion of them roaming the planet, you will be in business forever in your quest to better the world. Its a matter of choice of where to start and what cause to take on. Poverty, and serving the under privileged, Underemployment or the unemployed, legislation and legal defense protecting laborers. Under Education, tackling fair and unfair practices and competition. Breaking stigma against the unemployed. Affordable Housing. Fund raising, Activism. Those that are struggling to get back on there feet need dignity before anything else. Meaning how is your ego ? is it in check? Can you find worth in all people, also those of so called 'lower social fortunes'? Also at what tiers of social levels are you willing to serve and what can you bear? Do you prefer to work in an office or on site in the slums of India? Do you have ability to persuade and change minds in favor of your cause? Can you help restore broken lives from broken families? Are you a patient person? Can you listen well and attentively? I hope I have given you some points to consider and to start you of in the direction of your future. My company too strives to better the world. We do it one home at the time. Please let me know if this helps. OK?
Last updated Jan 25 '18 at 01:58 AM
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