If you dream of owning your own business, setting your own schedule, and working as your own boss, pursuing an online associate degree in entrepreneurship could benefit you. Entrepreneurs must possess strong organizational skills and determination during hardship. They must also know how to balance a budget, create a strategic plan, market their business, and deal with human resource issues -- skills you can acquire through online classes and apply to any job.
According to PayScale, people with an associate degree in business administration or a similar field (like entrepreneurship) earn $51,000 per year on average. You could earn significantly more if you choose to go into a lucrative business field.
Keep reading to learn more about entrepreneurship associate programs and career opportunities.
Entrepreneurs must know how to serve many roles as a small business owner. Once your business grows, you can outsource tasks, but in the startup phase, you will need to learn about managerial accounting, the legal aspects of business, and marketing.
To give you a better understanding of what you can learn while earning an online associate entrepreneurship degree, we have outlined five common courses. Although every program requires its own unique set of classes, you can expect to take classes similar to the ones listed below. If your prospective program does not include classes that match these, research what it offers instead to see if the curriculum imparts core skills.
Every successful business needs to attract the right customers. In a marketing and public relations course, students learn how to identify and communicate with target audiences, create brand recognition, and build customer loyalty. By the end of the course, students should possess a broad understanding of how to use paid and unpaid media placements to build their business.
As a small business owner in today's world, it is more important than ever to familiarize yourself with the current laws that can impact a business. It only takes one lawsuit to bankrupt a business, but knowing how to avoid mishaps and acquire the right insurance coverage can protect you.
Although small business owners typically work with a trusted certified public accountant, they must understand accounting basics. This course covers helpful tax write-offs and how to balance a budget. Upon leaving this course, students should know how to use financial data to make important managerial decisions.
This class teaches students how to use analytical tools to oversee projects in a business. Learners discover creative ways to improve business efficiency and meet business goals. An operations management course typically covers basic human resource principles as well, since employees must feel valued for a business to function properly.
As your business grows, you must hire more employees. As an entrepreneur, you can find yourself in a leadership position overseeing dozens of employees within just a few years. In an organizational behavior and leadership course, you can learn tips for managing and motivating teams, all while improving your company's bottom line.
Students who earn an online associate degree in entrepreneurship gain a broad skill set. In fact, this degree can also open the door for other career opportunities, since it covers many widely applicable topics. Through your studies, you can expect to gain two types of skill sets: hard skills and soft skills.
Soft skills are skills you cannot quantify. Some soft skills come more naturally to some individuals than others, but with practice, you can almost always acquire any soft skill. Soft skills that entrepreneur courses cover include teamwork, adaptability, problem-solving, and time management. Communication skills stand out as one important soft skill entrepreneurs must acquire; after all, small business owners must know how to speak effectively to their employees, investors, clients, customers, and other stakeholders.
Hard skills are skills you can qualify and test. Most of the hard skills this degree covers are math-related. Entrepreneurship programs typically teach math, finance, and accounting basics. Another hard skill you can expect to learn in entrepreneurship classes is marketing, including web design, social media management, press release writing, and graphic design.
Although all online entrepreneurship associate degree programs vary, they lead to the same potential careers and salaries. To give you a better idea of what you can do with this degree, we have compiled five potential careers. As you read through these careers, try to envision yourself in these roles. If you find one that looks interesting, research which bachelor's degree you should earn after completing your associate degree.
With an entrepreneurship degree, you can work in various fields. For example, if you love good food and enjoy cooking, you can open a restaurant. If you are constantly planning your next overseas adventure, you can open a travel planning business. Or instead of opening a business, you can choose to improve a current business as a strategist or marketing director.
The possibilities seem endless with an online associate degree in entrepreneurship. Look at the chart below to examine careers you can pursue after you earn your degree.
Small business owners typically oversee all aspects of their business during the startup phase. Their day-to-day responsibilities vary greatly depending on what type of business they own or operate.
Average Annual Salary: $66,148
These professionals use communication channels to get the word out about the business and build customer loyalty. To succeed, they must possess a strong understanding of what motivates their target audience to buy goods or services. These jobs often require a bachelor's degree.
Average Annual Salary: $132,620
These professionals work with small business owners, large business owners, and individuals to determine whether they qualify for a loan. Loan officers must stay current with the latest interest rates and regulations surrounding loans. This profession usually requires a bachelor's degree, and mortgage loan officers must obtain a license.
Average Annual Salary: $63,040
Personal financial advisors typically own their own consulting business and meet with clients to help them save money for retirement, college, or taxes. These professionals must know how to analyze financial situations and offer advice that will benefit their clients. Personal financial advisors typically need a bachelor's degree.
Average Annual Salary: $88,890
Individuals who love deadlines, organizing, and coordinating might enjoy this career. These professionals must pay attention to detail and creatively solve problems when things do not go as planned. They perform and delegate all the tasks necessary to ensure an event's success.
Average Annual Salary: $49,370
Once you have completed an online associate entrepreneurship degree, you can begin your career right away or you can transfer to a four-year degree program. If the latter option feels right for you, keep reading below to discover tips for transferring. We will also go over which degrees you can pursue after your associate degree. You can also talk to an admissions counselor at your prospective school to learn more about your degree options and what you can do with each.
You can use an associate degree in entrepreneurship to kickstart your education in a four-year program. Before signing up for classes, look into your prospective school's transfer agreements to ensure it will recognize your two-year degree. Typically, if you earn your associate degree from an accredited school, you should not face any issues.
To help you decide which type of bachelor's degree to pursue, we have summarized three common degrees that individuals often earn after completing their associate degree in entrepreneurship. If one sounds like a right fit, research that particular subject further.
This degree targets those who love business and enjoy communicating with people from other cultures. With this degree, you can help promote the transfer of goods and services between countries.
Students who enjoy learning the basics of human resources might enjoy pursuing a bachelor's degree in this subject. This degree teaches students how to attract and maintain talent for an organization.
After you earn an associate degree and a bachelor's degree, you can advance your education even further with an MBA. This degree can position you to work in an advanced business position, such as the CEO of a successful business.
You're about to search for degree programs related to a career that you are researching. It's important to recognize that a degree may be required for a career or increase your chances of employment but it is not a guarantee of employment when you complete your degree.
I understand a degree DOES NOT GUARANTEE A JOB OR CAREER UPON COMPLETION OF A PROGRAM