Is Business Education Needed to Become a Successful Entrepreneur?

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Due to the intense challenge in the job market and the effects of the recent global recession, increasing number of people are now deciding to start their own business and become entrepreneurs. But it is important that you have some basic business knowledge and skills in order to manage your company and achieve your goals. Thus currently there is a growing demand for business education among students and young professionals who wish to become entrepreneurs in the future.

Today you will find a wide range of educational courses and programmes related to business and entrepreneurship offered by business schools and universities around the world. But are these programmes enough to make you a successful entrepreneur? Will you be able to expand your business and cut your competition simply by learning the fundamentals of business? Or does experience and business acumen also come into play? Let’s find out….

Let us start by asking the most common question…is business education necessary for becoming a successful entrepreneur? The answer is both No and Yes. Let me explain.

If we take a look at some of the most successful entrepreneurs, you will realise that many of them were high school or college drop-outs. Entrepreneurs like Mark Zuckerberg of Facebook, Steve Jobs of Apple, Bill Gates of Microsoft, David Geffen of Geffen Records, Michael Dell of Dell, Larry Page of Google, Jerry Yang of Yahoo, Richard Branson of Virgin and many others left their studies to pursue their dreams of starting their own business. So a business degree is not mandatory for you to start working on your business idea.

Then why did I say yes? ……

The fact is you will need to gain the basic knowledge and skills that will enable you to make your start-up bigger and achieve the business goals that you have set. For example, a diploma in strategic management will help you learn in details about strategic planning and management which will help you determine what you want for your business and how you can get there. Moreover you will learn about managing operations, finance, marketing, personnel, accounting and various other aspects of business.

But is that all you need? A business degree/diploma and an idea for your business? Will that assure success?

No. You need to be determined about your project and should have good business acumen which will guide you in your path. Unfortunately, today’s business programmes are not designed considering the needs of entrepreneurs. Hence there is an urgent need of incorporating entrepreneurial knowledge and wisdom. Moreover, business management programmes should also take a practical approach so that the learners can get adequate experience which would eventually help them in their own endeavour.

Business education needs to focus on entrepreneurship in order to build talented and successful entrepreneurs for the betterment of the economy in future.

So what can you do? What type of a business programme will help you to learn and gain experience that will benefit you in accomplishing your targets?

The fact is traditional brick and mortar business programmes seem reluctant to consider entrepreneurship as an important aspect of business studies. But it is imperative that you develop these set of skills which you can hone further throughout your career. Online postgraduate diploma in business programmes offer you the opportunity to learn these skills, gain the necessary knowledge and develop your talents further by applying them in your work at the same time.

As online institutes and B-schools offer a wide range of programmes and disciplines, you will be able to find a course that will be most suitable for you and cater to your entrepreneurial needs. You will gain comprehensive knowledge as these programmes will teach you about the core concepts of entrepreneurship and business management. Moreover, as online courses like affordable online business diploma offer you the flexibility to balance your work and studies, you will be able to apply what you have learnt in to your work immediately.

You can clearly see that it is not necessary to pursue an MBA from Oxford or Harvard to set up a promising start-up and becoming your own boss. An online business diploma programme which incorporates entrepreneurial knowledge, wisdom and useful work experience can do the job perfectly.

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One Response to Is Business Education Needed to Become a Successful Entrepreneur?

  1. Pingback: Why Strategic Management is Important for Your Business? | Distance Education For All

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