In this day and age, anyone with an internet connection and some patience can start a business. There are teenagers launching successful e-commerce stores and building brands with thousands of followers on social media in a matter of months. As someone who aspires to launch their own business, you might wonder whether earning a bachelor’s in business is even worth it. Although it’s true there are plenty of success stories from those who have no formal education in business or marketing, that doesn’t mean a degree isn’t worth your time. In fact, you can exponentially increase the likelihood of your future businesses succeeding by getting a bachelor’s.
You Can Earn More in Your Lifetime
Earning six-figures a year isn’t going to happen for everyone who starts their own business. Even those who find fast success online might not be able to sustain their model’s lifeline for decades at a stretch. That’s rare even for even many well-funded startups and brick-and-mortar operations. But with a degree, you’re far more likely to earn a high salary throughout your career. The actual amount will vary based on factors like your career path and location, but it’s realistic to expect to earn $65,000 to over $150,000 per year with a business degree.
The Benefits Outweigh the Cost
If you’re worried about the cost of a degree, rest assured that what you’ll likely earn is far more than your tuition. Someone with a bachelor’s degree typically earns more on average than someone with a high school diploma. If you learn how to capitalize on your skills and opportunities, you could earn even more than that. But paying for school is still a real problem and understandable deterrent; financing options like private student loans can help you feel more confident about the investment. The best private student loans give you the ability to negotiate the terms and interest rates of your agreement, ensuring you’ll be able to truly profit from the transaction. Debt doesn’t have to always be considered a necessary evil; with the right lender, you can even build a high credit score with a good repayment plan.
Protect Your Future
Choosing a concentration that is expected to continually grow despite any economic hardships will allow you to future-proof your career. With such rapid improvements made these days, it’s natural for college graduates to feel like their degree is becoming outdated much faster than their parents did. While you always need to adopt a lifetime approach to learning, some fields are likely to evolve with your education rather than stagnate. Think about applying your business to one of the following fields:
- Information technology
- Human resource management
- Financial management
- Ecommerce development and consulting
Build Skills That Transfer
A college degree spans beyond your major and helps you build skills that allow you to thrive in a variety of career paths. A business degree program emphasizes in-demand skills that employers in every industry look for like communication, leadership, data analysis and presentation. If you’re worried about finding a job after college, you can rest assured that the skills you acquire during your studies will help qualify you for many different positions. The fact that there isn’t a single domain that doesn’t need qualified business professionals makes this one of the most versatile degrees available.
Turn Your Passions into Profit
Even if you don’t see yourself taking an office job or following a traditional path, your degree will help you realize your entrepreneurial ambitions. You’ll need more than just a good idea and marketing to create a sustainable company; a degree will help you build a strong foundation, mitigate losses, assess risks and more. A bachelor’s teaches you development strategies and techniques that are much harder to acquire on your own. You’ll have an insider knowledge that gives you a greater chance of success from the beginning.