The jury is still out as to whether entrepreneurs need a college education to be successful. On one hand, it is true that you don’t need a specific formation in order to build or buy a business. But there is no doubt that a college education can teach you some important skills that will increase your chances of being successful. While the story of the college dropout turned multi billionaire is romanticized these days, the truth is that they all at least had some type of foundation they could build on. Let’s take a look at a few reasons why a college education is still important for entrepreneurs and why they should consider getting a degree online.
You’ll Have a Better Safety Net
While nobody starts a business with the intention of failing, it’s still a very real possibility. By having a college degree in your back pocket, you’ll always know you have something to fall back on in case your business isn’t successful. And sometimes, working as an employee can be one of the best ways to learn the ins and outs of an industry and avoid making mistakes next time around.
Online Degrees are Flexible
Another great thing about online degrees is that they will give you the opportunity to still run your business while expanding your knowledge base. You’ll be able to fit classes around your schedule, and stretch them out over a longer period as well if you want to manage the workload. In addition, you won’t have to deal with the additional stress of commuting to class every day.
There’s also a much wider variety of courses offered online these days. Colleges like TUW Online enable you to get a master of business administration, master of science in human resource management, master of arts in public administration, and many more right from the comfort of your home. You’ll also be able to complete them much faster than through a traditional program if you want to.
If your goal is to be a lifelong entrepreneur, brushing up on your skills and staying updated is very important. Studying for a business related degree like finance or marketing will allow you to stay up to date on the latest developments. You’ll also be able to gain more knowledge and new perspectives from the teaching staff and through various workshops.
Learn Important Soft Skills
While some people may think that soft skills like communication or leadership are something you’re born with, it couldn’t be further from the truth. Most management classes, for instance, will have modules dedicated solely to building leadership skills. Others will teach you how to set SMART goals for your organization, build relationships with clients and employees, and how to improve your problem solving skills; all critical skills when trying to run a successful business.
Getting a college education still has tons of benefits for would be and current entrepreneurs. And getting an online business degree is the perfect way to get a formal education while still attending to your business.