College Majors For Aspiring Entrepreneurs

Becoming an entrepreneur is one of the career choices for many young people. Are you interested and wondering what major could help? Well, actually, you can become an entrepreneur regardless of your major! Even so, maybe you want to take a major that can support and provide knowledge to help you become a competent entrepreneur. If yes, this article is for you! Here are some college majors for aspiring entrepreneurs.

College Majors For Aspiring Entrepreneurs

• Entrepreneurship 

Those who plan to build their own business can go directly to the major, entrepreneurship. You will immediately learn how to build a business from scratch! You will learn various important things such as marketing, problem-solving, decision-making, and others. In entrepreneurship, you will be challenged and learn to be creative, critical, and innovative!

Also read: Three Business Ideas of MMT UMN Students Win Silver Awards in International Competitions. 

• Computer Science

Many of you may already know that a computer science major is very popular. Not only can you be a data scientist, but you can also become an entrepreneur, especially for those who want to become tech entrepreneurs and build tech startups. It’s so much better if you have plenty of knowledge of technology and how to use it. In fact, at some universities, computer science students have to take entrepreneurship classes. In this technological world, someone proficient in computer science can create a revolutionary business like a new piece of software that people never thought they needed or build the next big IoT device that can change how people live.

• Communication Studies

If you already have a business idea or even already have a product, then how are you going to promote your business? That is the job of communication graduates who understand public relations and marketing. No matter how good and cool the product or service of a business is, without good marketing, your business may not be known by many people. Especially for those who study marketing, you will understand how to introduce a business, how to attract people’s attention, how to create attractive advertisements, and how you can create ads that don’t hurt your company’s wallet but are effective!

Also read: Department of Communication Studies UMN.

• Accounting 

Entrepreneurs need to understand accounting. Why? The success of a business depends not only on marketing but also on planning and managing budgets, balancing the books, and revising financial strategies as necessary.

Especially for startup businesses, effective financial management will produce the expected results, such as return on business capital and profits. This is why all businesses need a reliable accountant! Imagine if your business finances were not managed properly. Your business may suffer losses or lose the opportunity to make good profits. Accounting graduates can evaluate a company’s performance and assess which aspects are worth investing in and what aspects need to be improved or discarded.

• Economics 

In essence, all majors related to business will certainly be very suitable for prospective entrepreneurs, such as accounting and economics. Many people say that majoring in economics is the best major for entrepreneurs! Why? Economics is not only a mathematical science but also a social science.

Many successful people in business study economics, such as Diane von Furstenberg and Elon Musk. In the economics program, students will learn how the economy and markets work. You will also know about microeconomics and macroeconomics. Microeconomics refers to how people use their wealth, while macroeconomics looks at unemployment, inflation, and global monetary struggles. In essence, studying economics will help you assess a market and help your business to make the best decisions.

Frequently Asked Questions (FAQ)

1. What are the best majors for becoming an entrepreneur?

A business major is the best choice if you want to become an entrepreneur.

2. Why should entrepreneurs study economics?

You will learn about human nature, which will help you know how to serve your customers well.

3. Who are the CEOs who don’t have degrees?

Mark Zuckerberg, Steve Jobs, and Bill Gates don’t have degrees.

Sources:

• Business Insider
• UMN
• University of West Florida
• University of The POTOMAC

By Levina Chrestella Theodora | UMN News Service

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