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Entrepreneurs come in all shapes and sizes. From an eight-year-old girl running a lemonade stand on the street to a 50-year-old ex-accountant who opens a jazz bar, entrepreneurs are people who see a potential opportunity in the making and start their own businesses. It all begins with a brilliant and original idea and then evolves into a risk-taking venture. The creation may be something completely new or it could also be an improvement to an already-existing product.

Starting a business from scratch is risky since it will occupy a person's time, money and passion. Also, many new enterprises fail within their first year or so, therefore entrepreneurs must be willing to take rejection and move on or improve their original product. An entrepreneur will conduct numerous hours of preliminary research and then organize, manage and assume the risks of starting a business or enterprise.

Everyone wants to be their own boss these days, calling their own shots. Therefore starting and running your own business is the best way to try to achieve independence and freedom in one's work. Entrepreneurship allows people to spend their working time doing something they are passionate about. In order to start a business, entrepreneurs must be able to open their minds to new ideas and consider the positive possibilities of opening a business or inventing a new product.

It is important to remember that almost every business started as an idea in the mind and heart of an entrepreneur. Businesses do not just start themselves. It takes the vision, persistence and hard work of an entrepreneur or a group of like-minded individuals that wish to operate a business. An entrepreneur takes the initiative to combine land, capital and labor to produce a good or service in what is hoped will be a profitable venture. They are usually innovators in their respective fields as they try and bring a new product or service onto the market place.

Successful entrepreneurs have a strong business sense; either from their personal experience or through schooling and extensive research. They should know their product inside and out, their targeted market and especially their competitors. Entrepreneurs must also be extremely motivated and driven by their passion.

Access to money or capital is crucial to starting a business, so unless an entrepreneur is independently wealthy, they must use all of their networking resources and apply for loans, bursaries and contests. There are many organizations that help young entrepreneurs with good business plans. Once the plan gets into motion and the business is running, entrepreneurs must market the product or service and find a client base.

If an entrepreneurial venture becomes a success and profits arise, the rewarding side of this career comes to play and it proves that hard work really does pay off.
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Full Sail University - Online
Learning at Full Sail University has always centered around interaction and the exchange of ideas. Our online curriculum fully embraces this philosophy.
Programs Offered:
  • Innovation & Entrepreneurship, Master of Science (Online)



  Interests and Skills  
Creative, innovative, brave, persevering, original; these are some attributes usually associated with entrepreneurs. Entrepreneurs must be the front of the line fighters; the ones who will continue to get up when down and jump over the many obstacles standing in their way. They must be self-disciplined because they are working for themselves. If there is not boss standing over one's shoulder telling them what to do, they must find motivation and passion from within to carry on and see their creation come to fruition. They must love dealing with people and communicating clear ideas to prospective investors.

  Typical Tasks  
  • Since entrepreneurs are creators of new and original enterprises and the career is quite broad in scope, there are no specific typical tasks associated with the job. Most entrepreneurs do extensive research on their product, market and competitors, however once the venture is up and running, they could be undertaking anything from sitting behind a desk to washing windows or traveling around to meet different clients. A typical day is specific to the business that an entrepreneur starts. Nevertheless, they generally work long hours, especially when starting out. A fourteen to fifteen hour workday would not be uncommon for an ambitious and dedicated entrepreneur for it is the entrepreneur that holds the ultimate responsibility for the success or failure of their company.

  Workplaces, Employers and Industries  
  • Since entrepreneurs work for themselves, they can work in any number of locations. They may work indoors, outdoor, alone, with people, at home, in an office . . . pretty much anywhere they create their businesses!

  Long Term Career Potential  
Entrepreneurs have the opportunity to change careers many times in their lives. Those with a business background can work in marketing and management organizations. However, if an entrepreneur is successful, they probably will never work for anyone but themselves. They may open their own consulting firms, becoming teachers or motivational speakers. Also, if their company is a success, there is always the possibility of starting a franchise and expanding the business.

Many entrepreneurs fail a few times before they achieve true success therefore learning from mistakes is excellent education and motivation for improving the next venture.

  Educational Paths  
There is no specific educational path to becoming an entrepreneur. Many universities and colleges offer business programs specializing in entrepreneurial studies and taking related courses in marketing, business management and accounting can really be helpful for potential business starters. It is also useful to have knowledge about the area one plans to start a business in; for example, an entrepreneur starting a garden store/nursery should have knowledge of plants, flowers and even take courses in botany. However, many experts say that real-life business experience is the best education.

Running a business on your own obviously requires a great deal of skill and knowledge. But where can people obtain these skills and knowledge? At school? There are stories about entrepreneurs who have set up and run a business without a college degree, some without even finishing high school. But those people are a giant exception to the rule. It is really useful to go to school, because entreprneur courses cover the essentials of starting one's own business and require student to create a business plan. There obviously takes more than just an education to achieve success as an entrepreneur, however it is recommended to attain as much education as possible as it does prepare students for the business side of this career.

Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2014-15 Edition, http://www.bls.gov/ooh/
Bureau of Labor Statistics, U.S. Department of Labor, Occupational Employment Statistics, 2002, http://www.bls.gov/oes/2002/oes_nat.htm

Featured Schools

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Full Sail University - Online
Learning at Full Sail University has always centered around interaction and the exchange of ideas. Our online curriculum fully embraces this philosophy.
Programs Offered:
  • Innovation & Entrepreneurship, Master of Science (Online)

New England College

Discover the Difference a Community of Support Makes in Your Educational Journey. From Application to Graduation, the Support You Need to Achieve Your Goals. 100% Online.

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Johns Hopkins Carey Business School

Johns Hopkins University Carey Business School has brought the philosophy of business with humanity in mind to a part time format.

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Post University Online

At Post University, we believe you shouldn’t have to put your life on hold to further your education.

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National American University - Roueche Graduate Center

The goal of earning a master’s degree should be defined by you, not by your circumstances. No matter which path you’ve chosen, a graduate degree can help you advance with your current organization, explore opportunities with a new company, or even start fresh in a new industry. When you earn your master's degree, you’re opening new opportunities for career development that can make a difference for you and your family. Through flexible class scheduling, dedicated career advisors and quality programs, NAU strives to provide a caring and supportive learning environment to ensure your success as a student.

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Baker College Online

Baker College is proud to be the largest independent college in Michigan with the most focused approach to education and training available. With one of the highest graduate employment rates in the country, our mission is to help our students find meaningful employment.

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National Career College
Choosing a school and a new career path can be a very overwhelming process.
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Platt College
Turn your talents into a career at nationally recognized and accredited Platt College.
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California College San Diego

The Secret to Getting Ahead is Getting Started

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Norwich University - Online
Earn your Master's degree online from Norwich University.
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