College degrees aren't as important to entrepreneurs as regular employees. According to Guidant Financial, around 30% of entrepreneurs only finish high school, 31% have an associate's degree, 17% have a bachelor's degree, 18% have a master's degree and 4% have a doctorate. In fact, less than half of small business owners have a college degree. In percentage terms, only 44% of entrepreneurs have a university degree.
While it can certainly be helpful to have a little bit of higher education when starting your company, it's not something you need to be successful. Most people don't have that training at all.
In most cases, you don't need a specific degree to become an entrepreneur
. The knowledge you need to successfully run a company can be acquired through real-world work experience.That said, a university education can help you gain valuable interpersonal skills that you can use in your new position. But what degree do you need to run a company? You may think that a business degree is the best option, but in many cases, the type of degree you have isn't as important as your commitment and perseverance. Increased benefits, hiring bonuses and expanding hiring efforts were also popular with entrepreneurs. About 40% of Americans in traditional employment are considering becoming entrepreneurs and say they are “somewhat likely” to work on their own in the next two years.
The celebrity status of many entrepreneurs around the world has led to an increase in the number of people starting their own small businesses, side companies and start-ups. According to a study on business statistics conducted by Forbes, 42% of companies fail for the simple reason that a real market was not needed for what they were trying to sell. He left university after seeing that there was a gap in the market to build an always-open gym that focused solely on equipment frequently used by members. Unemployment inspires just under 25% of entrepreneurs to start their businesses, while 47.64% mentioned their dissatisfaction with US companies.
Less than 4% of entrepreneurs use investors, grants or crowdfunding to get their businesses off the ground. With this type of additional education, you can develop an entrepreneurial mindset without going to business school. The number comes from a survey by The Global Entrepreneurship Monitor that surveyed 65 different economies around the world. The Wharton Online Business Specialization Certification Program can provide you with the real-world knowledge you need to become a successful entrepreneur.
However, a university degree isn't a necessity to get ahead or start your own business adventures. While business school can help you develop the skills you'll use as an entrepreneur, you don't need to have a degree in business administration to start a business. Although a business degree may not be necessary to become an entrepreneur, business knowledge is crucial. Online certificate programs, such as the Wharton Online Business Specialization Program, can help future business owners learn more about the steps to become successful entrepreneurs.
While there are no clear statistics on the number of self-made entrepreneurs, just under 70% of American billionaires have done so themselves. People under 35 and people with a high level of education are even more likely to consider entrepreneurship, with a rate of 50%.
