Bachelors Degree in Entrepreneurship Online Programs
Online Bachelors Degree in Entrepreneurship programs address the skills, knowledge, and credentials that help a business to turn a profit. This is crucial because new and small businesses are of growing importance and popularity in the American economy. In fact, the number of businesses less than one-year-old, and the number of people employed by them, rose between 2010 and 2015.i
And becoming your own boss and managing employees is probably the dream that inspired you to look for a bachelor degree in entrepreneurship program anyway. But you’ll need more than a great business idea to make it happen. So let’s do a rundown on online entrepreneurship bachelors degrees and what it takes to earn one!
Essentials of Online Bachelors Degree in Entrepreneurship Programs
While typical business degrees teach skills that can be used for a number of business careers, online entrepreneurship bachelor degree programs include a very focused type of study about starting and leading a business. Some focuses of courses include developing a business plan, raising start-up money, employee management, and small business management.
In business-related programs, you may come across different degree program titles such as the Bachelor of Business (BB) or the Bachelor of Business Administration (BBA). When it comes time to make a decision, you’ll want to reach out to the schools. You can find out if different degree titles might have an impact on the program and curriculum itself. You should also be sure that the program you choose is accredited either nationally or regionally.
Coursework to Earn an Online Entrepreneurship Bachelors Degree
Bachelor degree students may have some basic, general education courses. Depending on the school and the program though, different online bachelor’s programs in small business and entrepreneurship may have pretty different curriculums. But you will typically take courses centered around business in general as well as specifically being the boss of a small business. Take a glance at the subjects listed below. These should give you an idea of what’s covered in a typical entrepreneurship program from universities.
Potential Classes & Courses of an Online Bachelors Degree in Entrepreneurship
- Leadership – This type of course teaches you how to lead a team if your business requires employees.
- Project management – Find out how to set goals and accomplish them efficiently.
- Ethics – It’s your responsibility to run your business ethically. And this type of course teaches you how.
- Human resources – Figure out how to handle problems, benefits, payroll, and professional relationships among your employees.
- Business law – Learn how to run a business according to laws and regulations.
- Accounting – Lessons cover how to manage company profits, your profits, and overhead, etc.
- Economics – How will your business’ finances fit into the national (and perhaps global) economy?
- Innovation – Find out how to develop new ideas in order to keep your business growing.
- Logistics – Figure out how to make the most informed decisions about how to run your business.
- Venture capital – Learn about the different ways you can potentially raise money to start your business (and fund new endeavors).
Of course, to find out what a curriculum might be at a school you’re considering, you should look beyond this list and reach out to the school itself to request more information.
Something else to look into is whether or not an educating program has offline requirements. While online degree programs, by name, mostly focus on virtual coursework, some schools ask that students complete some credits, workshops, or symposiums on campus. Some online entrepreneurship bachelors degree programs require students to fulfil a residency requirement, for example. This means that a certain number of credits must be earned on campus to meet this requirement. If this arrangement might be a problem for a certain program, you should be sure of the requirements before applying.
What Is Entrepreneurship?
What’s the difference between earning your bachelors in business administration and earning your online bachelors in entrepreneurship or small business? Entrepreneurship can have different meanings. But in the context of small business, entrepreneurship typically means taking a profitable idea and turning it into a business that may grow in size and continue to thrive. Earning a Bachelors in business administration typically teaches you how to pursue a degree in many positions a company may offer you. But it doesn’t involve a focus on opening your own business.
Even when you have a great idea, it doesn’t always mean instant success. A good way to make sure you’re doing everything you can to set up for success is to arm yourself with the information that comes with earning a Bachelors degree in entrepreneurship online.
Challenges & Rewards of Being Your Own Boss
Being an entrepreneur and running your business has its own set of challenges and rewards. Here are some of the challenges and rewards of entrepreneurship.ii
Being in charge. Some people find that being their own boss and having autonomy over business choices is the biggest reward. If you find that you have leadership qualities, you may find that this is the biggest reward for you, too.
Putting in a lot of hard work and long hours. Just because you’re your own boss doesn’t mean you can work whenever it suits you. Getting your business off the ground and trying to make a profit may mean working long hours and weekends. But that can also potentially lead to…
A sense of achievement. Not everyone can say they started a business and watched it grow into something successful.
Unpredictable income. Unlike a set paycheck for hours worked, being the business owner may mean that your income will vary with the performance of the business. Be prepared to not receive a paycheck in the same amount every time.
Well-rounded experience. You’ll likely need to fill many roles as the owner of a small business, especially at first. You may be a customer service representative, accountant, inventory manager, and housekeeper, all in one day! But the good news is that you’ll gain hands-on experience in every area of running a business.
Types of Online Bachelors in Entrepreneurship and Small Business Degrees
You can narrow down your search for a Bachelor degree in entrepreneurship with our subject selection, which categorizes all of our sponsored listings. You may find programs with names like:
- Online Bachelors Degree in Entrepreneurship
- Online Bachelors in Sports and Recreational Management – Entrepreneurship Specialization
- Online Bachelor of Business Administration in Entrepreneurship
After Graduating from an Online Bachelors Degree in Entrepreneurship Program
Being an entrepreneur is a unique career path. When starting your own business, you probably won’t follow the traditional ‘earn a degree, get a job, move up the ladder’ path. Because you’ll be focusing on how to start your own business, your first step after earning your degree may be to develop your business plan. You may still be working at another career while you develop your own business. That’s perfectly fine!
Here are some facts about entrepreneurship that you may find inspiring.iii
- According to the U.S. Small Business Administration, 28 million small businesses make up 54% of all of America’s U.S. sales. That’s the majority of all U.S. sales!
- Since the 1970s, small businesses have provided 66% of all net new jobs and 55% of all jobs.
- 30-50% of all commercial space in America is occupied by small businesses.
- Small businesses in America have increased 49% since 1982.
Important rules for managing your own business
Don't ask anyone to do anything you wouldn't personally be willing to do yourself. This is helpful in creating a supportive team environment where employees feel like you have their back and they in turn will have yours.
- Ian Wright, & Founder of Moverdb
How to Take the Next Step
The good news about graduating with your online entrepreneurship bachelors degree is that you should have the tools you need to one day pursue starting your own business venture. Even if you decide not to start a small business, you can use the knowledge you gained to pursue a job in business management or operations.
Or you can go on to earn a higher business degree, such as a Master’s of Business Administration. Be sure to get all the details you need to stay on top of deadlines and make an informed decision about your major, your Online Bachelors Degree in Entrepreneurship!
[i] bls.gov/bdm/entrepreneurship/entrepreneurship.htm [ii] bls.gov/careeroutlook/2014/article/self-employment-what-to-know-to-be-your-own-boss.htm [iii] sba.gov/managing-business/running-business/energy-efficiency/sustainable-business-practices/small-business-trends