The Best of Entrepreneurship Jobs Out There!
Updated: June 19, 2024
Published: August 27, 2021
There are about 582 million entrepreneurs in the world, and that number continues to grow. Although people have various definitions of what it means to be an entrepreneur, the consistent fact is that entrepreneurs start businesses. Besides starting a business, you can major in entrepreneurship or a related field and obtain entrepreneurship jobs.
As a major, entrepreneurship and business degrees are closely related, but they still have their differences. Here, we will share details about what it means to be an entrepreneur, jobs for entrepreneurship, and the benefits of this major.
What is Entrepreneurship?
According to Merriam-Webster, an entrepreneur is defined as, “one who organizes, manages, and assumes the risk of a business.”
Entrepreneurs start businesses with the goal to profit. Even if the business ends up failing or not working out, entrepreneurs take control of their livelihood and chase their dreams.
Entrepreneurship doesn’t have a one-size-fits-all definition. You can be considered an entrepreneur as a freelancer running a small business from home, or setting up an online store and managing it. Or, on a grander scale, you may be able to start a business and grow it into a corporation.
Benefits of Pursuing a Major in Entrepreneurship
If you’re interested in starting your own business, then majoring in entrepreneurship can be beneficial. However, it’s not the only route you can take to accomplish the dream of running your own business.
One of the biggest differentiators between a degree in entrepreneurship and business administration is that entrepreneurship focuses on effectual reasoning. Effectual reasoning happens when you evaluate your means before you set a goal. Then, based on what means you have available, you can determine the ends that are possible based on those means.
As a business major, you’ll work on causal reasoning and learn about business plans. In this sense, causal reasoning follows the flow of defining a goal, then determining the means you need to achieve that goal. You can focus on how to execute business analytics, devise business models, and create marketing plans.
It’s also possible to major in business, with a specialization in entrepreneurship.
Entrepreneurship Jobs
With a major in entrepreneurship, you’ll have a wide range of possibilities for job opportunities. Some of these job titles in business include:
Marketing Manager
Marketing managers are responsible for persuading the market to purchase a product or service. They work with various departments within organizations to share, analyze, and approach marketing trends and campaigns. In most instances, a marketing manager will have a degree in a field like: business administration, marketing, communications, or entrepreneurship.
Financial Manager
Just as a marketing manager oversees the marketing within a company, the financial manager plays a role in the financial health of a company. Their duties include: developing plans, investing, producing financial reports, and more. The knowledge needed to be a financial manager is transferable across industries, which makes it a great role to gain experience for how to manage finances. With this skill set, you can start your own business and be equipped to make optimal financial decisions that will maximize your profits.
Public Relations Specialist
Public relations specialists, coordinators, and managers work to maintain and uphold a positive image for an organization. They also communicate announcements and press releases for the media to amplify. Their work plays a pivotal role in increasing brand awareness and gaining market share.
Sales
There are different level roles when it comes to working within a sales team. From being a salesperson to becoming a sales manager, your primary goal is concerned with increasing profits for a business by driving sales. In many instances, sales personnel work on commission, which means that they earn a certain percentage for every sale they make. This aligns the business owner’s and employees’ incentives.
Business Consultant
Business consultants can aid human resources, marketing, finance, management, and sales teams to help them achieve their respective goals. Consultants work to improve the operations within a business and solve problems. They offer an unbiased perspective with which to remedy problems and boost a business’ workings.
Business Owner
When most people talk about becoming an entrepreneur, they mean that they wish to start their own business. Anyone can become an entrepreneur, but having an educational background in business or a related field can help set you up for success. This is because these majors will teach you important skills like how to run an organization, how to work and manage people, and how to test new ideas before making major financial decisions, to name a few.
Advancing Your Degree
If you’ve decided to take the path of majoring in entrepreneurship, but you still wish to continue your academic career in the subject, then you can advance your degree.
Entrepreneurship graduates can continue to earn a master’s or doctorate degree. Additionally, you may instead seek a certification in entrepreneurship. Or, you can earn a bachelor’s degree in entrepreneurship and then continue your education to obtain a master’s in business administration (MBA). There are many paths within this career choice, so the choice is yours!
The Bottom Line
Starting a business is a risky endeavor. According to the U.S. Bureau of Labor Statistics, 20% of small businesses will fail within their first year. However, if you have the knowledge, skills, and importantly, the characteristic of resilience, then you can make it as an entrepreneur or as an employee in entrepreneurship jobs. The fact is that you will face challenges, but if you have the right mindset and understanding, then you can overcome the hurdles to be successful.
To help prepare you to enter the world of business, you can learn the necessary skills and information you need by enrolling in an online degree. At the University of the People, we offer an associate’s, bachelor’s, or master’s degree in business administration. Our programs are tuition-free and flexible, so you can learn on your own time and at your own pace.
Every entrepreneur will tell you their own story of how they got to where they are. There are different academic routes, trials and tribulations, and lessons to be learned along the way. But, the more you learn about entrepreneurs, the more you can uncover the valuable traits that they have in common, namely grit, determination, and creativity.