Bachelor's degrees programs specifically in entrepreneurial management are rare. In the more common Bachelor of Science in Business Administration 4-year programs, students learn the entire process of starting a business. This includes finding a profitable idea, gathering funding and resources, developing a plan, starting the business and managing the business once established.
Many programs emphasize technological skills, such as computer operations or website design. Students learn about various types of business and bookkeeping software, as well as methods for incorporating technology into a business. Many entrepreneurial management programs also teach basic human resources skills, including how to find and retain good employees.
Bachelor of Science in Entrepreneurial Management Overview
Bachelor's degree programs focused on entrepreneurial management require applicants to have at least a high school diploma or GED. Additionally, because the most successful entrepreneurs are often the most motivated, the strongest applicants often have lots of extracurricular activities. Standardized test scores, high school transcripts and letters of recommendation are also often required. Coursework in bachelor's degree programs in entrepreneurial management relate directly to business practices. As such, collaborative projects, internships and simulated projects are often a part of the curriculum. Some courses that might appear in these programs include:
- Budgeting and financial forecasting
- E-commerce for small businesses
- Human resources management
- Business plan writing
- Small business operations
The U.S. Bureau of Labor Statistics noted that the salary for small business owners was hard to measure because it varied so drastically according to industry. For example, administrative services managers took in a median annual pay of $96,180 in May 2018, while financial managers earned a median annual salary of $127,990 the same year. Human resource managers made a median annual salary of $113,300.
Entrepreneurs often elect to pursue a Master of Business Administration (MBA). An MBA is a terminal degree that qualifies its holder for senior positions, should he or she elect to move to another company. Some small business owners pursue MBAs to increase their skill set as well. MBA programs are available as general business programs, or with a concentration in areas such as marketing or entrepreneurship.
Aspiring entrepreneurs can better ensure success by learning how to start and run a business through a Bachelor of Science in Business Administration program in which they can focus on entrepreneurial management.