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What are good undergraduate business majors for an entrepreneurship track?

I'm a business student entering his second year of university. While I still am taking prerequisite classes, I want to declare my major first.

My ultimate goal is to own my own business, yet I'm realistic and realize that'll be difficult right out of college. Therefore, what are good business majors to 1) give me the necessary skill-sets and to 2) provide job opportunities that will allow me to branch-off to fulfill my passion. #business #university #entrepreneurship #leadership #major

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Paul A’s Answer

Matthew - Business Accounting would be useful. I majored in Psychology and also took classes in Sales, Sales Management, Human Resources Management and Public Speaking. I think if you're going to be entrepreneurial a business major seems like a good place to start. Would highly suggest you read Rich Dad Poor Dad and watch a few Robert Kiyosaki video's on you tube. My take is that many current schooling is still teaching a 20th Century career perspective. Read Michael Gerber's E-Myth and E-Myth Revisited and Re-imagine by Tom Peters. Being fulfilled is a great intention. May you be blessed enough to enjoy the journey as you evolve toward your destination. :-) Paul
Thank you comment icon Wow, Paul, thank you for this. The journey has been exciting, but it is nowhere near over. Matthew
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Sharla’s Answer

Hi Matthew! It's great that you're looking to establish a good foundation for your entrepreneurial track. Business Management, Business Administration, Finance & Accounting, and Marketing majors come to mind immediately. Depending on the scope and scale of your venture, you may also consider Global/International Business, or Contracts & Acquisition Management. Human Resources/Capital or courses that involve managing people and relations are always a plus. Best wishes to you.
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Sarah’s Answer

Hi Matthew! If possible select a college that has a specialization in Entrepreneurial Studies. Additionally, look for extracurricular & clubs related. Often times colleges will hire Industry Leaders to teach as Sr. Lectures. Look at the directory and identify those with experience in your focus area and request a meeting. Developing a mentorship with an industry leader will help open doors for you and be able to connect you to others that can help you succeed.
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Ryan’s Answer

Hey Matthew,

There are several undergraduate business majors that can provide you with the necessary skill sets and job opportunities to pursue entrepreneurship in the future. Here are a few: Entrepreneurship, Management, Finance, Marketing, and Information Systems.

Ultimately, the best major for you will depend on your specific interests and career goals. It may be worth considering a double major or a minor in entrepreneurship in addition to a more traditional business major to gain a broader range of skills and experiences.

I would also consider reflecting on your passions and interests. Think about what you enjoy doing and what you're passionate about. Starting a business that aligns with your interests can help keep you motivated and engaged.

Put your research hat on and look for unmet needs in the market, and see if you can create a business that fills that gap. This could involve offering a product or service that isn't currently available, or improving on something that is already on the market.

If you can handle constructive criticism I would highly recommend getting some feedback from those closest to you. Talk to friends, family, and potential customers about your business ideas, and ask for their feedback. This can help you refine your ideas and identify potential challenges or opportunities you may not have considered.

Also, consider having fun!
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Simeon’s Answer

I think marketing or accounting would be a good place to start your path toward entrepreneurship. Of the two, I think I would take marketing as my major while ensuring that accounting courses are included in my list of classes. As an entrepreneur, your success will rise and fall on your ability to build a consumer base quickly. You'll want to have a thorough marketing approach as well as a way to develop your consumer base beyond their first encounter with the product. Marketing will also give you a better understanding for if you need to develop multiple versions of your product, such as when your consumer base is made of people who like the product for two very different reasons. You'll also get a better appreciation for which price is appropriate for your product based on your consumer demographic. You don't just price something well enough to cover your costs. You also send a message about the quality of your product based on precisely how expensive it is.

Accounting is important because it will give you the ability to track important financials, like making sure you are effectively collecting debt, have enough cash on hand, or spending too little or too much money on employee expenses. You'll also need to understand what kind of debt your business can support if you want to expand further, or if you are open to selling partial control/ownership of the business as equity.
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Ken’s Answer

Hi Matthew!


Congratulations on wanting to be an entrepreneur.


Here is some very important information:
https://www.youtube.com/watch?v=xociGH-rz4k
https://www.score.org/resource/so-you-want-be-entrepreneur
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Dylan’s Answer

Matt,


I was a Business Management Major with an Econ Concentration. I think having the Management Major was great because I had to take classes in just about every aspect of business (Finance, Econ, Statistics, Marketing, MGT). That being said, you get a good knowledge of each part while taking away something from each.

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Megan’s Answer

Sales is always a good field to go into for an entrepreneurial career path. No matter what role you're in, you need to learn how to sell something, be it yourself (for a promotion, for an example), your product, your company (to recruit), etc. We're all partially in sales at the end of the day, and it's a required skill for entrepreneurs to understand how to present themselves and position their future company to Venture Capitalists and ultimately sell any service or product.
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