Entrepreneurship

Do you dream of starting your own business? Does being your own boss and calling all the shots attract you? Entrepreneurs are able to enjoy these privileges. They also carry the responsibility for whether their business succeeds or fails.

Entrepreneurs represent 99.7 percent of all employers and employ over half of the private-sector work force. They are a massive force in the economy, providing about 75 percent of all new jobs and about 40.9 percent of private sales in the United States, as well as the vast majority of sales of exported goods (source: U.S. Small Business Administration).

To help you make the most of your chances as an independent business owner, business schools have created degree programs in the area of entrepreneurship. As with any business degree, coursework includes information about accounting, marketing, and management. However, the entrepreneurship major also offers more focus on knowledge about start-up funding, product and service development, purchasing, distribution, and development of a client base.

If you are independent, self-disciplined, and self-driven, and the idea of risk excites you, and if your determination will help you overcome setbacks, you may find that a degree in entrepreneurship is the right one for you. You will need to perform a wide variety of tasks as a business owner, so you’ll need to be flexible and competent in many areas. You’ll build this competency by taking your previous work experience and combining it with your studies.

Keep in mind that entrepreneurs generally work much more than 40 hours per week. Also, you may not earn much at the beginning as you are getting your business going. You’ll carry the burden of a lot of responsibility. However, you’ll also enjoy the freedom and power that comes with being in charge, and you won’t be bored by doing the same tasks day in and day out.

The independent business market is thriving. More women are starting their own businesses than ever before. Many business owners enjoy starting up new enterprises, making them successful, selling them to the highest bidder, and then moving on to start other businesses. From the corporate perspective, larger organizations often value the entrepreneurial spirit and encourage it in their management team.

In the present marketplace, competition for small businesses is intense. Many people who either plan to start a business or are already running one take business courses to pull ahead of the rest of the pack.

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