Entrepreneurs are business professionals who establish, manage, and maintain business ventures, including corporations, nonprofit organizations, and sole proprietorships. Entrepreneurs are responsible for many business duties, including hiring and firing employees, accounting, marketing, and management. Before operating their own businesses, many entrepreneurs seek employment with similar employers. With several years of business experience, entrepreneurs gain the knowledge needed to successfully run a business. Many business degree programs provide invaluable internship opportunities, where future entrepreneurs gain practical business knowledge, valuable contacts, and hands-on experience.
- Program Levels: Bachelor's degree.
- Prerequisites: High school diploma or GED.
- Program Length: Four years.
- Other Requirements: Internships may be required or strongly recommended.
Bachelor of Science in Business Administration
A bachelor's degree program in business administration and entrepreneurship teaches students how to establish, manage, and oversee successful business ventures. Students learn broad business concepts, including financial management, business promotion, and business ownership legalities. Programs require four years of study and typically include courses on:
- Financial accounting
- Marketing and promotion
- Business laws and regulations
- Management principles
- Organizational behavior
- Macro and microeconomics
Popular Career Options
There are no standard job experience requirements for entrepreneurs. Most entrepreneurs obtain several years of experience in an industry of interest and use that experience to gain business knowledge and establish a platform for their own business entity. Entrepreneurs who seek financial investors or capital loans are typically required to display business proficiency to potential lending sources; therefore, experience can lead to greater access to professional and financial resources and better overall success.
Continuing Education Information
Entrepreneurs are not required to be licensed or certified. Instead, career opportunities for entrepreneurs depend on formal education, business experience and presentation of business concepts. Entrepreneurs may seek industry-relevant certifications that demonstrate proficiency in specialized areas of business, such as computer programming or quality assurance.
Several large organizations offer workshops, conferences, and training seminars to entrepreneurs. The United States Association of Small Business and Entrepreneurship (USASBE) holds a conference for small business owners and entrepreneurs each year. Conferences last four days and include guest speakers, individual business seminars, and networking opportunities. The Entrepreneurs' Organization (EO), which includes more than 7,000 business owners, holds industry events around the world. The organization has members in 42 countries and holds events every few months. For business owners who cannot attend conferences in person, the EO offers online seminars with useful information on entrepreneurship.
To improve management abilities and advancement opportunities, entrepreneurs can pursue a Master of Business Administration (MBA). Many MBA programs offer emphases in entrepreneurship or management while providing information on other aspects of business operation, such as marketing, human resources, and project management.
The U.S. Small Business Administration (SBA) provides numerous development resources for entrepreneurs, including financial and legal aids, a small business planner, online training opportunities, and a library of legal, business, and financial publications. The SBA offers statistics and research studies that can improve the efficiency, success, and financial longevity of entrepreneurs. The organization also offers an online newsletter for updates and administrative changes to small business regulations.