Wednesday, April 8, 2015

Best College Major for Entrepreneurs

Jonah Engler - Best College Major for Entrepreneurs


The entrepreneurial spirit is the basis for financial freedom. If you are in college are looking to create an entrepreneurial future for yourself, then you must determine the best path for yourself. Depending on the school that you attend, you may or may not have a curriculum that is typically designed for the entrepreneur. However, you should definitely take a look at the course curriculum in order to determine the best fit for you. Here are some of the best majors if you want to become an entrepreneur.

Finance 

Most new businesses do not fail because of a bad product; most new businesses fail because they are unable to direct the cash flows that they do have in ways that are sustainable. In order to learn how to make this happen for yourself regardless of the success of an individual product, you must learn the basics of finance. This will help you no matter the industry that you choose to invest your time into; you will also be able to run multiple companies at once with a financial background.

If you want to continue your education in business for a possible Masters degree, having a college major in a hard discipline such as finance is definitely your best bet.

Marketing

A slightly less important yet still quite useful major is marketing. With more products than ever being put on the global marketplace thanks to the Internet, you will need to market yourself properly in order to stand out from the crowd. Be sure that your marketing degree has some level of technical expertise woven into it; there is no such thing as a good marketing major that does not include courses on how to use social media and search engine optimization.

Psychology

In order to be an entrepreneur, you need to understand what makes people tick. Without this skill, you will have a difficult time in getting people to follow your vision as well as even more difficulty in obtaining partners and investors. Learning the psychology of what causes people to take certain actions is a great way to lead into higher discipline management courses that will give you an a in the board room over your competitors.

Although you can pick any one of these three disciplines, you may actually want to consider a major with all three of them put together somehow. Check the curriculum of your school in order to see what options they have.

Jonah Engler is a successful entrepreneur, investor, franchise owner and coffee lover who hails from New York City.

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