Are you a go-getter? Are you self-motivated? If so, a degree in Entrepreneurship might be the best educational choice for you. There has never been a better time to be an entrepreneur. During the next few years, the biggest economic growth is expected to come from small business. Today’s economy is hospitable to startups, and capital is available for qualified entrepreneurs and imaginative enterprises. In the corporate world, the practical experience students gain is also valuable training for many careers in business.
People who have obtained a degree in Entrepreneurship might work in a wide variety of industries and hold job titles like e-commerce entrepreneur, small business manager or business consultant. An entrepreneur is someone who starts his or her own business. Business entrepreneurs have strong beliefs about market opportunity and must be willing to accept a high level of professional, personal or financial risk to find that opportunity. Degree programs in Entrepreneurship teach people the tricks of the trade, giving them encouragement to enter the real world with their ideas. Specific classes in these programs might include economics, finance, accounting, tax law and human resources management. Graduates of degree programs in Entrepreneurship set up shop in almost any kind of industry, from retail trade to guitar making to childcare. Specific job titles include, but are not limited to, e-commerce entrepreneur, small business manager and business consultant.
An e-commerce entrepreneur works to develop innovative approaches to conducting business on the Internet. Those who specialize in e-commerce entrepreneurship might be responsible for the implementation and development of business plans aimed at leveraging the Internet to access new markets. They may collaborate with webmasters, computer programmers and others with highly specialized computer technology skills to carry out their ideas. Salaries in this field vary greatly, depending on the size, success and type of business, and job growth should continue to be steady as the field is still develops and expands.
Small Business Manager
Small business managers are responsible for managing all aspects of a business, from inventory control to marketing and staffing. Since these managers are involved in all facets of a business, they have the opportunity to develop and implement innovative ideas. Having a comprehensive understanding of basic business principles is helpful to small business managers, including those principles related to accounting, bookkeeping and finance, sales and marketing. Many small business managers are also owners. Salaries can vary enormously, depending once more on such factors as the size and type of the business. The Bureau of Labor Statistics (BLS), www.bls.gov, reports, for example, that operations managers for gas stations earn an average annual salary of $63,160.
Business consultants help business managers and other leaders of organizations to develop and implement ideas to support their business objectives. They may offer a set of strategies to pursue, along with various methods of achieving a particular goal. Often they work with businesses to help them achieve a higher level of productivity or to expand to a new market. Business consultants specialize in developing innovative ideas and tailoring them to solve business problems. Most have a strong background in business as well as a specialization in a particular field. Business consultants may work as part of a consulting firm or independently. The BLS reports that entry-level management consultants working for firms earned a median of $65,066 in 2004, although, as is common in the world of entrepreneurship, salaries can vary depending on industry, size and experience.