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Do you aspire to become an entrepreneur? But do you need business education to become one? This question seems to be the in the mind of most individuals planning to start their own business. Read on to learn more....
Does Business Study Make You A Better Entrepreneur?
I have come across a number of new entrepreneurs who were extremely passionate about their business. However, none of them had the same educational background. While some had high school diplomas and bachelor's degrees, others had Level 5 diploma and even MBAs. When it comes to entrepreneurship and education, there is no fixed formula regarding your degree. However, I have seen that having a management diploma can work wonders for your business. I do believe that there is growing need for equipping our entrepreneurs with business education to cope with the ever-increasing challenges of the corporate world.
You can find a number of Level 5 and Level 7 business programmes from various reputed universities across the world. But can you learn entrepreneurship in a classroom? Or is it better to learn on the job? Caroline Daniels, professor at Babson College, says “Entrepreneurship can be taught. But passion for an idea, for the opportunity, has to come from the entrepreneur.”
Education experts argue that pursuing a business programme like Level 5 diploma in management will enable you to recognize opportunities and design effective business models. However, many believe that business education must not remain confined to the classroom. Chris Guillebeau, author of New York Times Best-Seller ‘The $100 Startup’, says “You might as well learn as much as you can from as many sources as you can. Experience may indeed be the best teacher, but you can certainly supplement that education with more traditional or non-traditional kinds.”
So if you want to gain some experience in your chosen field and still pursue business studies, then one of the best options is to go for an online business programme. Online undergraduate diploma programmes offer you excellent flexibility so that you can gain significant work experience and yet study business management at your own pace.
The truth is business education will open doors to new entrepreneurial opportunities. Michael Karnjanaprakorn, the CEO of Skillshare, says “My graduate degree from the VCU Brandcenter really shaped the way I think around creativity, innovation and disrupting the status quo. It's made me a better entrepreneur because it allowed me to view the world in a different way, which led to the creation of my company.”
Is A Business Diploma Worth It?
Karnjanaprakorn adds “College isn't 100 percent evil like most people are playing it out to be. I think the timing is different for every entrepreneur. Some start companies at 18, and others at 28 like myself.”
However, with rising college tuition and growing student debt, pursuing traditional education programmes can become challenging, especially for aspiring entrepreneurs. This is where online undergraduate diploma in management comes in. As these programmes are more than affordable, you don’t need to spend too much money or time on your education. Instead you can effectively invest the money in your start-up and build your business.
Should You Study Business?
To be honest, the answer depends on a lot of factors. Pursuing a business degree from a reputed B-school requires a significant amount of investment. I believe that it is much better to study online as you can not only save money, but you can also gain relevant experience while you study. Karnjanaprakorn concludes by saying “There are certain things that can be taught, frameworks, concepts, etc...But the only way to learn about entrepreneurship is by doing it.”
Do you believe you can be a better entrepreneur by studying business? Share your thoughts with us by commenting below. We would love to hear from you.
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