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Entrepreneurship

The Breakdown

Do you find yourself lying awake at night, unable to quell the constant stream of schemes and ideas kicking around your brain? Is flexibility important to you? Do you feel you have business acumen yet you’re wary of corporate culture? Have you always had a desire to be your own boss? If you’re answering any of these questions in the affirmative, you might want to consider majoring in entrepreneurship.

As an entrepreneurship major, you will receive a traditional business education but give primary focus to the fundamentals of business creation. You’ll study how to assess and analyze potential opportunities on both a local and global scale. Moreover, you will learn how to develop an effective business plan, how to conduct market research and, perhaps most important, you’ll study financial planning. Further, you’ll come to understand how to identify possible sources for capital along with the legal issues that come with launching a new venture.

Entrepreneurs are the epitome of those who think outside the metaphorical box. Indeed, you should possess an innovative mind and be eager to tackle new challenges. You’ll also need to be a great salesman and have solid interpersonal skills. Moreover, it’s important to be a natural leader and someone who isn’t afraid to advocate for him/herself. And perhaps most essential, as an entrepreneur you cannot shy away from taking risks. After all, some of the greatest companies were born out of a leap of faith.

Nuts and Bolts

Undergrads studying entrepreneurship will enroll in classes such as: Entrepreneurial Process, Starting and Managing a Business, Entrepreneurial Finance, Entrepreneurial Business Plan, Franchising: Franchisee & Franchisor Perspectives, Social Entrepreneurship and Economic Development, Technology Entrepreneurship in Asia, Corporate Entrepreneurship: Initiating and Sustaining Innovation, Entrepreneurship and Digital Commerce and Emerging Enterprise Law.

Decisions, Decisions

Undergrads focused on entrepreneurship often like to combine their creativity with business and emerging markets. Therefore, they often also consider studying business administration, communications, digital media, marketing, finance, accounting, international business, real estate, actuarial science, information technology, web design, graphic design and economics.

What's Next

It’s difficult to pin down traditional “next steps” for the intrepid entrepreneurship major. Armed with creativity, passion and diverse interests, recent grads tackle a variety of endeavors. While some confidently launch their own enterprises or join family run businesses, others might tread a more conventional path before they set out on their own. Certainly, a handful of those who study entrepreneurship become business consultants, helping established companies tighten their operations, improve their image and increase profitability. Still others move into financial services, doing everything from assisting individuals with their financial planning to selling financial tools to corporations. Regardless of your ultimate professional goals or ambitions, entrepreneurship is a versatile major that can lead you down the path to success.

 

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