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The road towards a successful career as an entrepreneur are countless and don’t always rely on a degree. In fact, many successful businesses have come from a genius idea that caught on. However, to make ideas come to life, someone would need a good educational background.
Here are the best seven degrees for entrepreneurs that can help anyone further a business idea.
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A business degree might sound like the obvious road to success and the best degree for starting your own business, and rightfully so. Having a business degree can help with many aspects of being an entrepreneur that otherwise someone would have to learn on their own.
A business degree program will touch on important subjects, such as psychology, finance, and other relevant fields. Students will learn all about short and long-term business plans, funding options, private companies, the effect of the stock market on businesses, etc.
There are many advantages a business degree offers to entrepreneurs. Some of them are:
When it comes to entrepreneurship and start-ups, money plays a significant role in what becomes of them. Given that accountants specialize in money matters, a degree in accounting can be beneficial to someone looking to become an entrepreneur.
The good thing about studying accounting is that it can be applied to practically any start-up in the industry. Accounting majors learn how to track cash flow, perform in-depth financial analysis, write financial statements, read balance sheets, invest, lend, use financial ratios, etc.
Knowledge around financial matters can prove helpful in many situations for an entrepreneur. Some of the more evident benefits are:
Given that most industries have at least one process that can easily be automated, having a computer science degree (or an IT degree) can be very time-saving for entrepreneurs. Even without that, merely knowing their way around apps can make a portion of the job easier and move up the competitive ladder.
Apart from programming languages, computer science and IT majors also get to learn some business basics, which can prove helpful to an entrepreneur. Starting a tech start-up is an achievable dream for many computer science students, but they can also succeed in other industries.
Having a computer science degree or an IT degree takes care of many aspects of entrepreneurship. Some of the benefits of these degrees for entrepreneurs are:
Knowing the mechanics of marketing is an integral part of keeping a business alive, and as such, a crucial part of being an entrepreneur. Without innovative marketing and strategic methods, it’s impossible to build a reputation that is essential to a start-up.
Marketing is one of the best degrees for entrepreneurs because students get to learn more than just strategic marketing methods. They learn how to research target audiences, what platforms they can use to reach them, tailor marketing strategies for specific target audiences, etc.
Some benefits of a marketing degree regarding entrepreneurship include:
Many would say that an economics degree is the best option for entrepreneurs, and that statement isn’t far off. Many successful people in business studied economics in college—such as Diane von Furstenberg, Elon Musk, Esther Dyson, Fred Smith, etc. In such a degree program, students learn how both the economy and markets work.
Economics students get to learn what’s valuable to a consumer. Knowing the wants and needs of consumers helps with making smart business decisions and collecting feedback that will eventually improve marketing strategies.
An economics background is useful for entrepreneurs for several reasons. Some of them are:
Getting an environmental science degree can be beneficial to anyone looking to become an entrepreneur and bring green improvements to the industry. Today many entrepreneurs improve industry services or goods in a way that is beneficial to the environment and saves customers’ money—they’re called eco-entrepreneurs or ecopreneurs.
Ecopreneurs are valuable to the market since unsustainable consumption is prevalent, and anyone who can contribute to a safer and better future is important. Students of environmental science become problem solvers who learn how ecosystems work across a variety of applications.
Some of the many benefits for an entrepreneur with an environmental science degree are:
Many of the best entrepreneurs bear a deep and insightful understanding of people. Students of psychology often possess the ability to understand the relationship between a particular problem and behavior, how to talk to different types of people based on their personality, etc.
Psychology majors learn all about human development through different stages of life—from birth to death. Understanding the human psyche helps them know how to inspire the team to work harder, push teamwork, and be innovative in their choices.
A psychology program has many benefits for students who want to become entrepreneurs. Some of them are:
What degree do you need to be an entrepreneur? There are many routes you can take and numerous majors you can choose from depending on the industry. Whether you choose to open a tech start-up or build a small farmhouse somewhere in nature, we hope this list helped you understand which degree is better for your business idea!
Originally published September 14, 2020 2:37 am, updated September 30, 2020
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