Do You Need a Business Degree to Start a Business?

When you hear stories about how Mark Zuckerberg was a Harvard dropout, you may think that a business degree isn’t really important when you want to be an entrepreneur. If people can make it to the top of the food chain without graduating from college, surely you can do it, you may think. Well, yes and no.

Some people like Zuckerberg, Bill Gates, Elon Musk, and the late Steve Jobs have given an extraordinary talent to excel in what they do best. Some need to take a business analytics degree in Singapore or other countries to have a thorough understanding of how to run and manage a business. That’s okay. Don’t feel bad about yourself.

Innovators such as Musk are great at what they do. You can be great, too, provided you have all the necessary skills that will take you to the top. If you have the chance to further your knowledge with a business degree, why not take it? If not, you can still hone your skills and hire the right people to build your business.

A Degree Can Make the Start Smoother

Starting a business is always a scary prospect. But armed with a business degree, starting on your own as an entrepreneur may make the ride smoother. You already know the basics and the fundamentals. All you need are real-world experiences and advice from business mentors. Do you know that you can get this from the college classroom as well?

The structured environment of a classroom will allow you to experiment with your skills. You can make mistakes without financially draining consequences. You can find mentors in your professors, who are mostly entrepreneurs themselves. Businessmen often teach classes in universities and colleges because they want to offer their expertise in various fields of study. Wouldn’t it be nice to listen to these mentors without the pressure of running your startup?

With a business degree, you are in a better position to understand the basics of how a business works. You can understand basic bookkeeping and accounting. This eliminates the time you need to understand concepts and ideas.

You can just focus on conceptualizing products and services to fuel your business. You can leave the other matters to your employees. You will feel secure that you won’t be duped because you also understand what they’re working on.

Business degree

The Best Learning Come from Actual Experiences

Nothing teaches us better than experiences in the real world. Working in the industry or being an intern at a company will give you the necessary skills you need to run your own business in the future. In the real world, nothing is as structured and as protective as your college classroom. You are going to deal with real people with real interests.

Many of the skills you need to survive in the dog-eat-dog-world of entrepreneurship cannot be learned inside the classroom. Negotiating with a supplier and customer relations are the necessary evils of the real world. They don’t teach you how to deal with a customer who’s screaming their heads off because your salespeople have somehow irritated them with their constant smiling. You’re never going to learn about how to convince possible investors in college. These are the things that only real-life experiences will provide you.

If you have the chance to get a business degree, then take that opportunity. Plenty of people are missing out on the necessary soft skills because they haven’t been able to attend college. However, not having a degree should not discourage you from pursuing your goals as a future business owner. You can still learn from apprenticeship and general work experience. With dedication and hard work, you should be able to compete with the best of the best.

Share this on
Scroll to Top