Graduates with a strong sense of managerial autonomy coupled with a desire to launch their own venture might find that earning a masters in entrepreneurship may be an investment in their future business. Instead of learning by trial and error, a Masters in Entrepreneurship program exposes students to a more complete understanding of start-up dynamics, which may be extremely helpful in this competitive and dynamic economy. Whereas general business degrees may offer a perspective on management, entrepreneurship masters programs are intended to provide students with the foundation for getting a small business venture off the ground. Whether you have a Bachelors Degree in Entrepreneurship or another undergraduate business degree, Masters Entrpreneurship degrees offer you the opportunity to refine your ability to negotiate, write a business plan and assess risk.
Entrepreneurship plays an important role in the growth of the U.S. economy, offering the possibility of job creation and income generation to diverse groups. However, the reality is that some businesses do not survive. If you are an innovator, you may have a fantastic product, but without the strategic, analytical and quantitative skills, you may not get it to the appropriate market. Rather than prepare students for a specific career, an Masters degree or Masters of Business Administration (MBA) in Entrepreneurship may help students to assess risks, manage a small business venture, and identify workable or profitable areas.
Fun Fact: Credit for coining the term entrepreneur generally goes to the French economist Jean-Baptiste Say, but in fact the Irish-French economist Richard Cantillon defined it first[i] Click to Tweet