Online Masters in Entrepreneurship programs are designed to meet the needs of students who have varied or limited backgrounds in entrepreneurial ventures, are part of family businesses, or are interested in starting or growing their own businesses when they graduate. You may have an idea for a product or service, and instead of learning in the “school of hard knocks” gaining a comprehensive education in the dynamics of start-up ventures may set you up for potential success in today’s competitive marketplace. Or, you may have a Bachelor's degree in Entrepreneurship or business administration and seek a more in-depth education.
Entrepreneurship itself may have an appeal for someone who is looking for prestige and leadership, has strong decision-making skills, enjoys responsibility and independence and is results-oriented. According to the Bureau of Labor Statistics, while entrepreneurship plays an important role in the growth of the U.S. economy, providing the possibility of job creation and income generation to diverse groups, the reality is that some businesses do not thrive.
Distance learning may be a convenient option for currently working professionals who want to update their credentials, and prepare themselves to assess risks, manage a small business venture, and identify feasible or profitable markets.
You may be an innovator, and have a vision for a service or product, but without the strategic, analytical and theoretical knowledge and competencies, you may not know how to market it. Typically, online Masters in Entrepreneurship programs are flexible; students generally have full-time access to their course management system. Digital tools are available for research and study, as well as to stay connected to faculty and classmates. Web-based learning is practical if you cannot commute to class, commit to the hours of a campus program, or work well on your own, as you will have to be disciplined.
GradSchools.com has search tools to help you locate Masters degrees in entrepreneurship online graduate programs. Some of the listings might include MS in Innovation and Entrepreneurship, MBA in Entrepreneurship, and Master of Arts in organizational Development and Leadership – Innovation & Entrepreneurship online formats. If you open several tabs on your browser it will help you compare curriculum, program structure, faculty, tuition and admission requirements.
Entrepreneurship is a diverse subject, covering the design process, risk assessment, marketing, management, resources, business planning, and financing. Some students come into the program with an idea or innovation; others may have the drive and ambition and may benefit from the skills and technical knowledge that will help them start-up a venture at a later date. Evaluate your unique needs, and make inquiries to determine whether entrepreneurship is the main focus of the degree, whether the faculty includes members who have experience in entrepreneurship, whether you will be mentored to help get your idea into production, and whether there is any practical component to the program.
Coursework and curriculum may vary between schools, programs and types of degrees. For instance an Online MS in Entrepreneurship may be different from an Online MBA in Entrepreneurship in terms of the fundamental core courses and electives. In some Master of Science in Entrepreneurship programs, students may have a set of required courses plus a choice of electives in finance, information systems, technology, law, management, enterprise risk management, human resources management, marketing, public affairs, and real estate areas.
An Online MBA in entrepreneurship, on the other hand, may require a wider array business coursework, with more focus placed on business administration strategies that encourage innovation. Students might explore topics that may include business fundamentals from an entrepreneurial perspective, including financing, organizational structure, strategy, entrepreneurial management, opportunity recognition, business plan development, and the entrepreneurial process.
In general, some of the subjects that students might learn include:
Entrepreneurs are typically enterprising, leaders, decision-makers, and may be able to tolerate the stress involved in starting a small business venture, managing their innovations, and taking initiative in situations. They may be the chief executive of their own business and need to be proficient in:
Whether you specifically have an idea for an innovation that you are hoping to bring into a larger organization, the global marketplace, or you just want to prepare yourself with a solid academic foundation in entrepreneurship, GradSchools.com can help you find an accredited program. Start your search soon!