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Owning a business

Would I have to go to college to own my own business? #business #college

business
Thank you comment icon I would definitely recommend for you to get your BBA in entrepreneurship so you could get the idea of the process of starting your own business. Melissa
Thank you comment icon Hello, so I know a lot of people don't go to college before owning a business. in my opinion I think it will be so much better if you go to college and major in business or entrepreneurship major. it will really benefit you and give you an understanding on how most of the stuff works. ibtehal
Thank you comment icon The Wolff center for entrepreneurship would be the best place to start! They have an amazing program and if you're interested in starting up a business. We have a great award winning entrepreneurship school ranking as #1 on The Princeton Review and Entrepreneur’s list of Top 50 Best Undergrad Programs for Entrepreneurs as of 2022. You will definitely gain a lot of insight and knowledge from this school should you pursue a BBA here. Rida Naweed 19 mins ago Rida Naweed
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Gloria’s Answer

Hi Landon,

A college degree is not required. Some businesses classes would be advisable since there are taxes and other laws that may play into your business that you want to be well versed in. However, that would not always rise to the level of needing a business degree. Your challenge will be to stay up-to-date on areas that impact your business such as state, federal, and tax laws, or hire someone to help you with them.

I would look into articles like this one which talk about how successful entrepreneurs view the need for a college degree to own a business: https://www.cnbc.com/2017/07/19/survey-shows-majority-of-business-owners-lack-college-degree.html

When I reviewed several articles for this post, I did see a common theme that I agree with in my own life. If you can get a college degree, get it. There is a competitive advantage in getting a college degree no matter who you work for. I took 17 years to get my college degree, which is not a plan that I would recommend but I hope shows you a few things. You can work and be successful without a degree. I did work and find success. However, I also learned some knowledge the hard way, some stuff that I would have been taught in a degree program. I also got better jobs and more interviews after having a degree even though I had experience in my chosen field. My challenge was paying for college and finding the time for it. I would recommend that you take classes whenever possible, if you can afford it (time and money).

Gloria
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Ana’s Answer

Earning a degree to start your own business is not a necessity but it is highly recommended as it is a challenging thing to do. Degrees are not just a piece of paper, but throughout your years in it you are taught to think critically about your choices and consider scenarios before making a decision. Of course you can learn those skills on your own as there are many online courses available for free or a small fee, but college is also an environment that helps you build the mindset necessary to run a business as well as it enables the exchange of ideas with peers and professionals in the field. The most valuable piece of college is the network you build throughout your years in it.

The know how is important, but building connections is a gamechanger.

Best of luck!

Ana recommends the following next steps:

Research universities you might be interested in as well as average costs to attend
Make sure the university's business program is tailored to help achieve your goals
Ask about the graduate rates of earning a full time job by degree completion - this is an indicator that the program is desirable
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Anthony’s Answer

The answer is simple. Going to
college to own your business is
a good idea, and note the following:-
1. Consider the type of business.
2. Consider the goal/goals.
3. The extent of the INTEREST
you have in the business.

Best wishes to you.
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Rebecca’s Answer

This is not a 'must' but go to the college can certainly help you to run the business when your business grows.
I am not sure you have decided what industry you start your business. I would recommend that you choose the relevant subjects in the college. That can help you to acquire the knowledge and skills on the industry. On the other hand, you can explore any intern opportunities to work in the industry. This can help you to understand the operation model and establish network in the industry.
Also, i recommend you to take the MBA course upon your completion of your undergraduate degree and work a few years in the industry. This is more important when your business grows. In MBA course, you can learn business management skills, e.g. accounting, finance, business strategy development, marketing, etc.
Hope this helps! Good Luck!
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