Bachelor's programs in small business management and entrepreneurship aim to teach students how to plan, launch and sustain various aspects of small businesses. Programs teach a variety of concepts, including purchasing materials, marketing, developing business plans and hiring strategies. They may also focus on the application of emerging technology to educate students on the role of computers in the business world.
Small business management and entrepreneurship degree programs require a high school diploma or equivalent. College-prep courses, such as keyboarding, accounting, and algebra may be required for admission. Most bachelor's programs in the field offer both on-campus and online options. Business programs at the bachelor's degree level require 120 hours of coursework and may involve the completion of internships prior to graduation.
Bachelor of Science in Small Business Management & Entrepreneurship
Coursework in these undergraduate programs may teach students about a broad range of issues facing small- and family-business owners, including e-commerce, economic prediction and evaluation of new ventures. Programs often include internship requirements which students might fulfill at a variety of local companies, gaining valuable hands-on experience. Typical courses in such a program could include:
- Business management
- Business law
- Human resource management
- Financial management
- Operations management
Popular Career Options
Graduates of these programs typically use their skills to run their own business or work in small business management. The exact nature of the graduate's professional path is contingent on their chosen industry and the success of their business ventures. Other options for graduates may include:
- Unit management
- Business venture analysis
Employment Outlook and Salary Information
While the U.S. Bureau of Labor Statistics (BLS) does not supply employment growth and salary information for small business owners or entrepreneurs, it does so for management analysts and marketing managers. The most recent figures provided by the BLS for management analysts show that employment growth is expected to be 14% and for marketing managers 8% from 2018 to 2028 (www.bls.gov). As of May 2018, the BLS says, management analysts earned a median annual salary of $83,610 and marketing managers made a median of $134,290 per year.
Continuing Education Information
Students wishing to continue their education may elect to pursue a Master of Business Administration (MBA) in Entrepreneurship. MBA programs can expand on topics vital to entrepreneurs and small business owners, such as consulting and franchising. Other topics of study can include global business, systems management, Internet marketing and leadership ethics. Students may also learn techniques for raising venture capital and start-up funding.
Bachelor's degree programs in this chosen field cover management of small businesses and the challenges and issues facing business owners. Graduates often take the information learned in these programs to run their own business or specialize in small business management.