Kemi
Is a business degree necessary if you want to start your own business?
My friend is on the business major track but she wonders if the degree is necessary to start her own business in the future. #business #career-details #personal-development
8 answers
Vaughn E. Laptiste
Vaughn E.’s Answer
Not necessarily, but it will certainly give you advantages in having good business knowledge and possible opportunities at preferable internships.
Abhishek Goswami
Abhishek’s Answer
Not necessarily. A business degree gives the core foundation of topics relevant to business. You need to know about things like accounting, finance, marketing, branding, sales, operations, channels, partnerships, etc; all of which can be learned on the job or from books. If you are good at self-learning, then perhaps you can start a business and learn on the job. If you learn best under a structured curriculum, with peers, then a degree may be a good path. Going to school also opens up your network to other like-minded entrepreneurs who may be beneficial as you get started with your business. Lastly, academic institutions often have incubators/accelerators that you might be able to join to bootstrap your business and get some seed funding for resources.
Jordan Gonen
Jordan’s Answer
Hey! Good question. I'd say not at all!
The thing about building a company that you will come to realize more and more as you get older is that there is really no prescriptive rule that you can follow to be successful. There are, of course, trends and heuristics that may help you increase your odds of success - but nothing is mandatory.
As Zuck likes to say, break all the rules.
Your school major is no exception.
Focus on learning to learn in school. The world is changing so quickly, the skills we need in the workforce does too! Truly the only safeguard we have against this change is being able to pick up new skills quickly. Take courses that challenge you but also on things that you are passionate about!
Andrew Tran
Andrew’s Answer
Not really,
Most people want to have the knowledge to expand and manage the business. but to start, you need commitment and vision.
Kajal Ramtekji
Kajal’s Answer
Hey,
Great Question! It is one i had myself growing up.
I would say not necessarily. Business courses do a great job in giving you a foundation and teaches you different aspects of running a business such as marketing, sales, design etc.
But you don't need to have all this knowledge to start a business!
Iman Shehemi
Iman’s Answer
I think a business degree could definitely be beneficial if you want to know some technical business practices, but I'm sure you can learn a lot on your own. It also depends what type of business you are trying to open.
My advice would be before you open a business, just try to do extensive research on costs that go into the opening of a business. I can imagine there are a lot of aspects we wouldn't necessarily think of without a degree in business.
Stephanie Gonzales
Stephanie’s Answer
No, you do not need to have a business degree to start your own business. Although it may help in some way but having the right people with the experience and knowledge to help you grow will help. Their are plenty of resources that are selling to help and guide you. Passion and believe in your business is all you need and willing to learn and keep learning.
Maria C.
Maria’s Answer
Hi Kemi, I don't think it's necessary to have a business degree if you want to be an entrepreneur, but I believe it would help. Classes like finance, accounting, HR that you get in a business degree would help someone manager their own business. I would recommend your friend take classes on entrepreneurship at their university or learn more about it online. I would also recommend your friend look up information online or read a book on successful entrepreneurs to learn how others built their businesses. Hope that helps!