If you’re a college student, or you’re starting college soon, prepare to hear this question often for the next few years:
“What’s your major?”
Choosing your major is a big decision. Here are five great majors for college entrepreneurship.
1. Business
A business degree can help you succeed in most professional situations. It can give you more knowledge to help you grow your current business. You can use a business degree to help you start a new business.
Also, having a business degree looks great to most employers if you decide to work for another business or company.
Business majors learn about different types of companies, the stock market, creating business plans, and many other issues that affect how a business grows.
2. Entrepreneurship
The reasons why businesses fail can range from bad financial decisions to ineffective marketing. Studying entrepreneurship teaches you about potential business problems and how to either avoid or deal with them.
College students with an entrepreneurship major learn how to come up with possible business ideas, test them, and decide which ones will work.
They also learn about business planning, money management, marketing, as well as connecting with potential and current customers.
3. Finance
As previously mentioned, money management mistakes can cause a business to suffer and even fail. Keeping an eye on earning and spending money for your business can feel overwhelming, even when you’re using apps and software programs for tracking your finances.
This makes studying finance during your college years a good idea for young entrepreneurs. Finance majors learn about investing, creating financial statements, and how to track cash flow.
They also learn how to read and understand financial documents and then use this information to make good financial decisions for a business.
Like a business degree, a financial degree can also be used for your own business or to start a career with another business or company.
4. Marketing
Every entrepreneur must know at least the basics of marketing to stay relevant and competitive. A marketing program teaches students what makes a brand image stand out from their competition and how to consistently connect with their ideal customers.
Marketing majors learn how to identify their ideal customers. They also learn about creating marketing strategies, which include knowing which social media sites and advertising strategies are more effective for connecting with certain groups.
5. A Degree Directly Related to Your Business
Your major can reflect your business’ industry.
Having a college degree directly connected to your business’ industry can give you more credibility and help persuade potential customers to try your products and services.
For example, an entrepreneur with a computer/smartphone repair business could major in information technology or computer science. A young musician who offers music lessons could be a music major.
Final Thoughts on Degrees for College Entrepreneurship
Choosing your college major isn’t easy. Five of the most common paths young entrepreneurs choose include:
- A business degree
- A entrepreneurship degree
- A finance degree
- A marketing degree
- A degree connected to your business’ industry
Also, remember that choosing a college major does not lock you into a certain industry or type of work for the rest of your life.
You can make changes to your business, start a new business, or choose another career path at any time if you feel that’s the right choice for you.
The most important thing is to use your college years learning more about your industry and your interests as well as learning more about connecting with people and about the world around you.
Image Credit: Photo by Matt Ragland on Unsplash
