Entrepreneurship advices
Do you think in order to become an independent entrepreneur it is necessary to study finance or accounting at university, or we can learn everything by self-study?
How important is it to have academic education and a certificate?
I'm looking for some advice!
Thanks.
How important is it to have academic education and a certificate?
I'm looking for some advice!
Thanks.
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Replies
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But every entrepreneur must have some competence in a variety of subject. Otherwise everyone was an entrepreneur.Its not necessary to have any qualifications unless the business your setting up legally needs you to have qualifications.
As for accounting and financial side of it, if you do not think you can handle it then you can always pay an accountant to handle things for you.
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My husband and I run our own business. He has experience in the field of work for 13yrs, including a lot of training and courses (no university or college degree needed though). I run the day to day operations and manage the books and finances. I have a 10 month business administration course that helped me learn vry basic accounting. For year end and income tax returns, we use an accountant.
I hope this helps. If you want any further info, you can send me a message. Cheers!0 -
I had my own web development business until last year. I did get an AS degree in Multimedia Development. While the education gave me an introduction to the field and some hands on experience with the programs used in the business, the real nuts and bolts of web development I learned on my own (fortunately, developers love to share their knowledge online). However, the degree did give me legitimacy in a sea of wannabes and that helped get me my first jobs.
There is a site called Udemy.com that has many online courses about entrepreneurship. You might find some good guidance there. They often have coupon codes that make the courses very reasonable in price. Look for courses on developing business plans, how to set business goals, etc. rather than the 'get rich quick doing nothing' type courses.
https://www.udemy.com/courses/Business/Entrepreneurship
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I owned my own home based baking business for a few years. While a degree in business management wasn't necessary, it would of helped on the long run if I decided to expand. Also learning how to write a proper business plan will help if you are going to need money. Our town had a public entrepreneur person who would help you get in touch with the people you needed in order to help you get your business up and running. It was a HUGE help. Good luck!!0
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I have my BA in math. But I am wondering wether the essence of entrepreneurship must be learned through education in books and colleges or it is learned by experience and while operating in business.
I must add that not every business owner can be count as an entrepreneur. Since a bakery owner doesn't need that much knowledge to manage his business.
Generally which subjects do you recommend to study about?
What is the difference between finance and entrepreneurship as matters to study?0 -
I have my BA in math. But I am wondering wether the essence of entrepreneurship must be learned through education in books and colleges or it is learned by experience and while operating in business.
I must add that not every business owner can be count as an entrepreneur. Since a bakery owner doesn't need that much knowledge to manage his business.
Generally which subjects do you recommend to study about?
What is the difference between finance and entrepreneurship as matters to study?
I worked as a consultant to entrepreneurs for ten years. First, study marketing. Then if you make any money, study accounting. Do not start your own business without the basics of marketing. It is the number one reason businesses fail imo. Basic math skills are all you need to start.0 -
Entrepreneurs are risk takers. They are willing to take a challenge on even if failure may be involved. They are also people who aren't afraid to take chances on new ideas and approaches to business models.
But every entrepreneur must have some competence in a variety of subject. Otherwise everyone was an entrepreneur.Its not necessary to have any qualifications unless the business your setting up legally needs you to have qualifications.
As for accounting and financial side of it, if you do not think you can handle it then you can always pay an accountant to handle things for you.
Everyone specializes in something or has vast knowledge of something, but that doesn't always mean that that person is willing to work for themselves. Some need to have someone to tell them what to do rather than motivate themselves to just do it.
A.C.E. Certified Personal and Group Fitness Trainer
IDEA Fitness member
Kickboxing Certified Instructor
Been in fitness for 30 years and have studied kinesiology and nutrition
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I have my BA in math. But I am wondering wether the essence of entrepreneurship must be learned through education in books and colleges or it is learned by experience and while operating in business.
I must add that not every business owner can be count as an entrepreneur. Since a bakery owner doesn't need that much knowledge to manage his business.
Generally which subjects do you recommend to study about?
What is the difference between finance and entrepreneurship as matters to study?
I worked as a consultant to entrepreneurs for ten years. First, study marketing. Then if you make any money, study accounting. Do not start your own business without the basics of marketing. It is the number one reason businesses fail imo. Basic math skills are all you need to start.
You have brilliant ideas my dear.
I was in sales team for 6 month in a big company but I'm sure that didn't give me what I need for myself.
So basically do you think these qualifications like marketing should be learned through books, courses or it's about practical experience in market, although the last one is not available to everyone?
Moreover these subjects like accounting and finance are separate university courses. How should I know where to start, what to read and how much is enough.
Some people say for accounting you can hire an accountant go for finance and law.
Indeed I had a failure due to the lack of information in legislation. I was so naive.0 -
Entrepreneurs are risk takers. They are willing to take a challenge on even if failure may be involved. They are also people who aren't afraid to take chances on new ideas and approaches to business models.
But every entrepreneur must have some competence in a variety of subject. Otherwise everyone was an entrepreneur.Its not necessary to have any qualifications unless the business your setting up legally needs you to have qualifications.
As for accounting and financial side of it, if you do not think you can handle it then you can always pay an accountant to handle things for you.
Everyone specializes in something or has vast knowledge of something, but that doesn't always mean that that person is willing to work for themselves. Some need to have someone to tell them what to do rather than motivate themselves to just do it.
A.C.E. Certified Personal and Group Fitness Trainer
IDEA Fitness member
Kickboxing Certified Instructor
Been in fitness for 30 years and have studied kinesiology and nutrition
That is a clear description of my personality indeed.0 -
Any book,any course, any advice?0
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I know plenty of business owners with no academic qualifications and they do pretty well because they are very business minded, however, I feel like the more you know about business, the better. Especially with the accounting and tax portion - having that knowledge will save you a lot of expense and that kind of knowledge gives you better control in decision making, etc. I'd suggest a general BCom at least.0
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Okay, if you have a bachelor of arts in math then you are setup nice for an MBA. Entrepreneurs are risk takers, but it's a MEASURED risk. You eliminate as many unknown variables as you can, then make the decision based on the value of the information present. I would jump into the best MBA program you could qualify for and then transition to a firm that consults in area you have interest. LEARN that area so that when it comes time to transition, you can make informed decisions. My two cents...0
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Okay, if you have a bachelor of arts in math then you are setup nice for an MBA. Entrepreneurs are risk takers, but it's a MEASURED risk. You eliminate as many unknown variables as you can, then make the decision based on the value of the information present. I would jump into the best MBA program you could qualify for and then transition to a firm that consults in area you have interest. LEARN that area so that when it comes time to transition, you can make informed decisions. My two cents...
Yeah... Good stuff0 -
Okay, if you have a bachelor of arts in math then you are setup nice for an MBA. Entrepreneurs are risk takers, but it's a MEASURED risk. You eliminate as many unknown variables as you can, then make the decision based on the value of the information present. I would jump into the best MBA program you could qualify for and then transition to a firm that consults in area you have interest. LEARN that area so that when it comes time to transition, you can make informed decisions. My two cents...
Well MBA is a good advice but I don't have time to sit for it. I'm the type who prefer self-study indeed. That's a good idea, I can get some MBA books and study them.
But do you think just an MBA can provide me with what I need?
What about finance, accounting, marketing, law, management. They all separate university majors.0 -
I know plenty of business owners with no academic qualifications and they do pretty well because they are very business minded, however, I feel like the more you know about business, the better. Especially with the accounting and tax portion - having that knowledge will save you a lot of expense and that kind of knowledge gives you better control in decision making, etc. I'd suggest a general BCom at least.
I actually don't know anything about BCom.0 -
I know plenty of business owners with no academic qualifications and they do pretty well because they are very business minded, however, I feel like the more you know about business, the better. Especially with the accounting and tax portion - having that knowledge will save you a lot of expense and that kind of knowledge gives you better control in decision making, etc. I'd suggest a general BCom at least.
I actually don't know anything about BCom.
what type of business are you thinking of getting into?0 -
I know plenty of business owners with no academic qualifications and they do pretty well because they are very business minded, however, I feel like the more you know about business, the better. Especially with the accounting and tax portion - having that knowledge will save you a lot of expense and that kind of knowledge gives you better control in decision making, etc. I'd suggest a general BCom at least.
I actually don't know anything about BCom.
what type of business are you thinking of getting into?
At fist trade in cars but will change if things happen to my wish.0 -
that's a good business...0
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go for it0
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Type of business is not my concern at the moment. The requirement for success is what I am looking for.
I had a failure beforehand, just don't want to fall into the trap again.0 -
I have my MBA and plenty of finance and accounting courses. Definitely not needed for running your own business. I have friends in the accounting and finance industry and they says they have programs that do all the work for them. We have a family run business and use an accountant to do the taxes.0
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Type of business is not my concern at the moment. The requirement for success is what I am looking for.
I had a failure beforehand, just don't want to fall into the trap again.
It's always a plus to get an academic qualification. I would encourage it if you have the resources. Knowledge is power0 -
“Success is stumbling from failure to failure with no loss of enthusiasm."
― Winston S. Churchill0 -
I have my MBA and plenty of finance and accounting courses. Definitely not needed for running your own business. I have friends in the accounting and finance industry and they says they have programs that do all the work for them. We have a family run business and use an accountant to do the taxes.
Then what is a MBA good for?
Are you saying not accounting nor finance are needed ? so what is needed?0 -
Type of business is not my concern at the moment. The requirement for success is what I am looking for.
I had a failure beforehand, just don't want to fall into the trap again.
It's always a plus to get an academic qualification. I would encourage it if you have the resources. Knowledge is power
for so many reasons I prefer self-study.0 -
Okay, if you have a bachelor of arts in math then you are setup nice for an MBA. Entrepreneurs are risk takers, but it's a MEASURED risk. You eliminate as many unknown variables as you can, then make the decision based on the value of the information present. I would jump into the best MBA program you could qualify for and then transition to a firm that consults in area you have interest. LEARN that area so that when it comes time to transition, you can make informed decisions. My two cents...
Well MBA is a good advice but I don't have time to sit for it. I'm the type who prefer self-study indeed. That's a good idea, I can get some MBA books and study them.
But do you think just an MBA can provide me with what I need?
What about finance, accounting, marketing, law, management. They all separate university majors.
hire an accountant and a lawyer. Don't fake your way through that.0 -
I noticed there are some courses called Entrepreneurship. Are they different from MBA?0
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