AIU Blog

The AIU blog shares ideas, information and tips aimed at helping you get ahead personally and professionally, with topics ranging from online learning success to career development.

Entrepreneurship: How An Online Business Degree Can Help You Go It Alone

Image: How an online business degree in entrepreneurship can help your career.

Perhaps you’re considering starting your own business. The good news is that earning a online business degree can help develop and hone the skills needed to go it alone. The benefit of that route? Being your own boss. The big decision maker. The controller of your own destiny.

But there are risks, too. It’s not easy to launch a business and make it a success. That’s why if you plan to go the way of an entrepreneur, you need to lay the groundwork, learn the ropes and be diligent and methodical about your decisions. This starts with knowing your goals and how to achieve them, step by step.

Sure, instincts are key, but they need to be backed up by specialized coursework focused on your area of interest. If you find a university that offers an online entrepreneurship program specifically, you can learn a broad range of skills that cover the fundamentals of not just starting but running and growing a business effectively, such as:

  • Marketing
  • Team Leadership
  • Budget Management
  • Purchasing
  • Human Resource Management
  • Capitalization and Investment
  • Technology Management
  • Business Law

Granted, you don’t have to wait to get the ball rolling. During your schooling, keep learning everything you can from your current colleagues, manager and other company leaders. Also be sure to channel creativity and keep your eyes peeled for — and participate in — business plan competitions.

Remember, too, as an entrepreneur, you’re a leader. As such, you’ll need to rally employees during good times and bad, while making quick, decisive, informed decisions, ones that are pragmatic and not just based on your gut. These should draw on both your experience and your education.

At the end of the day, you control your future and your destiny, but having the wherewithal to plan, leverage the unexpected and pave the way to success whatever the marketplace brings can make all the difference in the world — provided your drive and willingness to work hard and see things through remains intact.