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Do You Need a College Degree to Start a Business?

Career choice options student thinking of future job choosing college education for work. Young Asian woman dreaming of choices looking up at thought bubbles on blackboard with different professions.

Entrepreneurship is the key to financial and professional freedom for a lot of ambitious individuals. When you launch your own company, you give yourself the opportunity to pursue a life doing something you love, and working on an enterprise that you really care about.

It’s no wonder that so many people are beginning to look at company ownership as their ideal path for the future. The biggest problem with this route, is that it takes a lot of time and focus to build an organization that works. A lot of young professionals are left wondering whether they should skip the college or something like an accelerated business degree and jump straight into developing their idea. Here’s what you need to know about getting a higher education before you strike out on your own in the world of business.

A Degree Can Really Help

When you’re keen to start running your own company, going through the time-consuming process of applying for a private student loan and gaining your degree can seem a little daunting but are necessary in order to invest in yourself. Committing to higher education is a challenging and expensive process. If you’ve ever read some of the tales of big entrepreneurs around the world, then you’ll know that a great degree isn’t always necessary for success as a business owner either. However, while you might not need a BA or MBA to get started with building your brand, it definitely helps.

Going to college or university will teach you crucial topics that can be very helpful when you begin working on your new venture. At the same time, committing to this process in your life will help you to develop more soft skills too.

For instance, if you go to earn your MBA at a local college, you’ll learn about things like financial management, hiring, and how to build leadership skills. However, you’ll also discover the benefits of great communication skills (both written and verbal), and how to be self-sufficient.

Giving Yourself the Best Start

Technically, nobody’s going to be standing with the keys to your business, telling you that you can’t jump in without a degree. However, most people find that it does help to have that extra dose of education when they’re getting started. Learning the basic skills about things like marketing, sales, taxes, and business management is crucial. Additionally, you might find that having a more complete resume makes it easier for you to attract the people that can help you to get your organization off the ground.

If you’re looking for investors and partners to help you take these initial steps into the world of being an entrepreneur, you’ll need to sell both yourself and your idea to these professionals. Having a degree will demonstrate that you’re committed to your education and becoming as talented as possible in your niche. Sometimes, investors and partners will see you as more credible, just because you’ve put the time and effort into earning this extra accomplishment.

An education is more than just a great way to learn how to build a better business model – it’s a chance to ensure that you’re personally prepared for all the challenges of running a company too.

Published: September 28, 2020
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justin weinger

Justin Weinger

Justin Weinger is a 15-year corporate finance veteran, with a shared passion for blogging and content creation. He has spent 15 years in various industries, including automotive manufacturing, automotive financing, banking, consulting, and healthcare. When he isn't working, or blogging, he is a married man of 8 years, and a proud father of 3 girls.

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