Major Overview: EntrepreneurshipMajors Overview May 8, 2014
A possible field of study offered to bachelor’s degree program business students is entrepreneurship. Entrepreneurship majors apply finance, management, and business principles to owning or starting businesses.
An entrepreneurship major may be chosen by business students enrolled in associate’s, bachelor’s, or master’s degree programs, wherein coursework is a combination of accounting, finance, marketing, and management, with a pronounced stress on business ownership, either of an existing business or a start-up. Students who aspire to start their own business some day or who might be set to take over the family business would benefit from this major. Business majors who aspire to find employment on the open market may seek help by majoring in a program such as Finance, Marketing, Management, or Accounting.
Business management students set to claim ownership of a family-operated business would benefit from completing part-time Entrepreneurship programs; such individuals may already be apprenticed in their family business or may be already working elsewhere. Schools also offer weekend-only and online programs.
Students may learn about assessing risks associated with business management, making responsible decisions, and recognizing business opportunities within their own business setup and outside it. Entrepreneurship students set to take over family businesses are taught about modernizing the technology of their family business and adapting to market trends.
Students enrolled in Entrepreneurship programs are taught about transitioning into leadership positions in their family ventures, in addition to drafting business plans from scratch. The application of basic business concepts to start-up companies is taught through coursework such as business planning, entrepreneurial management, entrepreneurial marketing, and entrepreneurial finance. Students are afforded the opportunity to draft business plans jointly with fellow students through simulation classes devised for the purpose.
Community colleges offer two-year Associate of Applied Business (A.A.B.) in Entrepreneurship programs with their coursework typically centered on basic human resources and business management. Internship and general education courses are added through earning an entrepreneurship major in a four-year Bachelor of Business Administration (B.B.A.), whereby enrolled students can explore organizational and marketing management in depth. Schools may offer accelerated one-year master’s degree programs, with coursework on financing start-ups and global entrepreneurship.