{"id":5741,"date":"2019-05-28T09:38:40","date_gmt":"2019-05-28T13:38:40","guid":{"rendered":"https:\/\/www.goodwin.edu\/enews\/?p=5741"},"modified":"2024-12-19T17:09:53","modified_gmt":"2024-12-19T22:09:53","slug":"business-entrepreneurship-degree","status":"publish","type":"post","link":"https:\/\/www.goodwin.edu\/enews\/business-entrepreneurship-degree\/","title":{"rendered":"What to Expect from a Business Entrepreneurship Degree"},"content":{"rendered":"

Many aspiring entrepreneurs will ask the question, \u201cWhat\u2019s the value in a college degree? Do I need one to succeed?\u201d While this choice ultimately depends on the individual, there is significant value in pursuing a business or entrepreneurship-focused degree. Let\u2019s put this into perspective.<\/p>\n

According to a recent study<\/a> \u2013 which surveyed nearly 12,000 of the wealthiest and most influential people in the United States (such as Fortune 500 CEOs, politicians, even billionaires) \u2013 94 percent <\/strong>of the nation\u2019s most powerful people had attended college. Forbes Magazine<\/a> supports this by stating that those with advanced degrees are able to start and build their companies faster.<\/p>\n

While it may not be essential for every start-up or entrepreneur, there is no doubting the value of a business entrepreneurship degree. An entrepreneurship education<\/a> can help you reduce the learning curve that often comes with starting or running a business. Whether you are a new or seasoned entrepreneur, these programs can teach skills and provide you with resources that cannot be accessed when working all by yourself.<\/p>\n

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  1. Networking Opportunities and Access to Valuable Relationships<\/strong><\/li>\n<\/ol>\n

    A business entrepreneurship program<\/a> is full of motivated and hard-working individuals, many of whom will excel in their ventures after college. And, many entrepreneurship programs are taught by already successful business leaders. As a young entrepreneur, you can use these connections to your advantage by establishing good relationships that will carry over after college graduation.<\/p>\n

    Some institutions, such as Goodwin College, help aspiring entrepreneurs by facilitating internships or training programs in real business environments. As part of the entrepreneurship degree concentration<\/a> at Goodwin, for example, students must complete a 180-hour internship capstone \u2013 not only does this provide hands-on experience, it also gives students the opportunity to make connections with others in their area of interest. These internships can result in job opportunities, professional relationships, as well as access to funding or other support for student-led ventures.<\/p>\n

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    1. Business Skills that are Critical to Success<\/strong><\/li>\n<\/ol>\n

      Half of all businesses fail after their 5th<\/sup> year<\/a>, according to recent statistics. Oftentimes, this is because businesses run out of cash, do not hire the right team to support them, or do not have a strong business model and strategy to keep going. You can avoid becoming a part of this statistic, by learning the right business and management skills ahead of the game.<\/p>\n

      In a business administration program<\/a> (or similar), students are required to learn the ins and outs of business management \u2013 taking courses in economics, business law and ethics, accounting, budgeting and planning, personal finance, customer relations, and leadership as a whole. In a business entrepreneurship program, these skills get honed even further. Students learn:<\/p>\n