- An unshakable belief in yourself
- The ability to tolerate risk
- Adaptability, flexibility, and the skill to creatively handle unforeseen possibilities
- The willingness to work as hard as necessary to see your vision come to fruition
While these intrinsic characteristics that set successful entrepreneurs apart from the crowd are valuable, the right education in business principles is essential. You need to be highly knowledgeable and proficient in many areas, such as finance, marketing, management, business ethics, and business law.
Post University’s Bachelor of Science in Business Administration with a concentration in Entrepreneurship provides you with a solid foundation in the basic business skills needed to start up, establish, and successfully grow new entrepreneurial ventures. You’ll develop effectual reasoning skills, learn how to identify goals, and develop strategies for reaching those objectives. You’ll sharpen your ability to think critically, explore various marketing techniques, and hone your own empowering management style.
Plus, it helps to appear that you know what you’re doing, especially when you apply for capital. Investopedia notes: “When you go to get funding for a business concept or develop a partnership, a degree in entrepreneurship can add to your credibility.”
Entrepreneurs with business degrees find a wide array of employment options open to them that take full advantage of the social, communication, management, marketing, thought-processing, and technology skills these enterprising personality types possess. Of course, it’s entirely possible that you’ve got your sights set on founding and running your own company. Let’s explore some of your dynamic entrepreneurial career options.
Launching your own startup
If your vision involves building your own organization from the ground up, Inc.’s 2018 list of the best industries for starting a business offers some inspiration.
The hurricanes, wildfires, tornadoes, floods, volcanic eruptions and other natural disasters plaguing the United States in recent years have inspired startups to find innovative ways to bring food, shelter, and transportation to victims. In addition to natural disasters, “manmade emergency situations, like school shootings and terrorist attacks, have also created a need for innovative solutions,” notes Inc.
Put your technical skills, regulatory-system knowledge, and humanitarian aspirations to good use solving some of the country’s most urgent problems. U.S. revenue for the disaster relief industry is expected jump to $11.2 billion in 2022 from $10.1 billion in 2017, according to IBISWorld.
The Pew Research Center estimates about 74 million aging Baby Boomers will require some level of care soon, whether it’s in an adult daycare facility or from in-home providers. According to Inc., other innovative solutions are on the rise, such as a robot created by startup Intuition Robotics that can carry on conversations with elderly patients or the shoe sensors from E-VONE that alert loved ones if an elderly family member falls.
If you’ve got a medical or home-care background and a compassionate love for elderly patients, this sector is booming. “The industry generated more than $50.7 billion in U.S. revenue in 2017, and that figure is expected to increase more than 42 percent by 2022,” notes Emily Canal at Inc.com.
Women’s reproductive health care:
Another great choice for business founders with a solid knowledge of the medical industry, the U.S. fertility market “was estimated to be between $3 and $4 billion . . . and is expected to grow at a compound annual rate of 4 percent through 2020,” according to market research firm Technavio.
Gamer entrepreneurs are right at home in this rapidly growing industry that’s projected to grow to $1.7 billion in 2020 from $1.1 billion in 2018. Competitive online gaming has become wildly popular in the last several years, with the NCAA and major professional sports leagues considering eSports tie-ins.
Best corporate job opportunities for aspiring entrepreneurs
Perhaps you’d like to polish your skills in the corporate world before taking the leap into your own startup. In a piece for Forbes, jobs expert Laurence Shatkin, Ph.D., author of “150 Best Jobs for Your Skills,” lists 10 job options that are proven testing grounds for enterprising, entrepreneurial types who love to take the lead on projects.
Because entrepreneurs “want to run the show and are often impatient to work in a more take charge capacity,” Shatkin places sales manager at the top of the best jobs list. Setting sales goals, analyzing data, and developing training programs for an organizations’ sales representatives are ideal challenges for highly motivated and passionate leaders.
Aspiring entrepreneurs can look forward to a median sales manager’s annual salary of $121,060 (as of 2017), according to the U.S. Bureau of Labor Statistics (BLS). Forbes notes this role is “a promising opportunity for recent grads looking to dip their toes into sales, which is easily among the most important qualities of a newly minted founder.”
Other best positions for entrepreneurs include:
— Identify potential customers, develop pricing strategies, coordinate marketing policies and programs, and maximize profits and market share. Median salary in 2017: $132,230.
— Employment is projected to grow 11 percent from 2016 to 2026 due to the anticipated increase in construction activity over the coming decade, explains the BLS. Median salary: $91,370.
Personal Finance Advisor
— Assess clients’ assets, liabilities, cash flow, insurance coverage, tax status, and financial objectives. Median salary: $90,640.
The Malcolm Baldrige School of Business curriculum
Whether you attend classes at Post University’s Connecticut campus or online, you can expect the personal attention and support you need to succeed as a creative and innovative entrepreneur.
Your General Education Requirements include courses in Liberal Arts, Math, Science, and a Managerial Communications writing course. Major and Core coursework will provide you with a solid foundation in Business Law, Financial and Managerial Accounting, Principles of Management, Marketing, and International Business, and Microeconomics.
Coursework in your Entrepreneurship concentration includes:
- Entrepreneurship, Creativity, & Innovation
- Small Business Management
- Managing a Growing Business
- 6 Credits of Level Business Electives
Ready to jump-start your dynamic entrepreneurial career? Contact us to enroll in our on-campus or online business degree program now.