Do I Need a College Degree to Start a Business?
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Just because you don’t have a business degree doesn’t mean you can’t start your own business!
In fact, only 9% of entrepreneurs have a Bachelor’s Degree in Business?
There is no doubt that entrepreneurs need specific business skills and knowledge in order to start a successful business. But many people become discouraged because they think the only way to acquire those skills is through a traditional university business degree. But the good news is that if you are interested in gaining the valuable business knowledge needed to launch and run a business, you may want to consider taking a specialized business course or training program that can help prepare you, but in a shorter time and with more focus.
A business training course or program is also valuable for current business owners who have realized they launched their business without the business education or knowledge needed for success and growth. Regardless of whether you are just starting out or if you already have your own company, you may be facing the same obstacle of not having the time, finances or capacity to take on a university program, and this is where a focused entrepreneurial business course is key.
Starting a business is not for everyone and the costs of your business failing may be devastating– both financially and personally. Preparation is a key step for business success. Even though there is never a 100% guarantee that your business will thrive, being prepared and going into this journey with experience and proper tools will help reduce your risks and increase your chances for success.
Business training programs, such as Maju Global’s Business StartUp program, !!! Insert link to Maju course!!! offer training and coaching services that focus on the implementation of a comprehensive business strategy, providing a strong support system from start to finish, and cultivating a values-driven approach in business endeavors that results in meaningful community impact.
Here are 5 benefits of taking a business training program and how its return on investment is worth every penny…
#1: Preparation
A strong business program will prepare you to launch your business with confidence and a strategy. This will include market research steps and guidance which will help you understand and assess your competition, target market, suppliers, and overall startup and operational costs. A good program should then help you consolidate all of this information into a well-written and strong business plan. Did you know that simply writing a business plan will help you actually launch your business! In fact – entrepreneurs who write a business plan are 250% more likely to start their business as compared to those without a plan.
#2: Wise Decision-Making
Decision making is a regular part of every business, and as the owner, you must have the skills and ability to make wise and thoughtful decisions. Poor decisions will not just impact you and your family, but also your employees, and possibly your customers, suppliers and community too. In fact, one bad decision can undo years of hard work and progress. So be careful and make sure you have the skills and ability to make wise, informed decisions. A reputable business program should include decision making skill building.
#3: Support System
Not every business program will provide coaching or mentoring groups, and most business coaches do not offer ongoing, regular support. This is why it is important to know what your business training program includes. Accountability is incredibly important when it comes to starting a business. Starting a growing business can be difficult and overwhelming, and having a dependable support system– whether through a business mentor, coach, or trusted friends– is of utmost importance.
#4: Leadership Skills
Business is not just about money, it is actually all about relationships. .You could be gifted with numbers and accounting, but if you do not manage your team and your business with respect, wisdom and integrity, you will eventually fail. And if you are Christian entrepreneur or business owner, your responsibility to manage your business in a godly way is even greater. You represent Christ to everyone you encounter, and poor leadership will not just impact your personal and business reputation, but will also affect the way people see Christians and God in general. A solid business program should equip you with the tools, desire and confidence to lead your team and business well.
#5: Business Knowledge
To start and run a successful business, you need more than business knowledge, you also need entrepreneurial skills and the drive to work hard for success. However, without business knowledge, you will not have the foundation on which to build your business. Business knowledge is a necessary building block for entrepreneurial success, and by taking a business course or program, you will gain the relevant and tangible business knowledge and skills you need to effectively start and grow your business.
If you need help starting or growing your business, check out our Business StartUp course!
Through this self-paced, online course, you will identify your personal values, strengths and assets, and learn what makes a good business idea, how to conduct market research by using our simple and clear step by step market research guide, and even how to write a strong business plan by using our business planning master tool and templates. But that’s not all, you will also learn how to create a purpose-driven company, how to maintain a healthy life/work balance, time management, goal setting, leadership skills and vital financial management tools. Don’t miss this opportunity! Start today!
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