The Start Master Class-Reasons Why Entrepreneurs are Going Back to School

Lately, a majority of the entrepreneurs have opted going back to school. This is in an attempt to venture into new businesses; to learn what they might be missing out or for better management of family businesses. With the high level of technology; there is need to ensure that you keep up with the progress to maintain the market and satisfy their needs accordingly.
Currents even successful business people with large enterprises are going back to acquire a master’s degree or Ph.D. in business management. Going to school molds you to an all rounded entrepreneur; making you more competent in the field. Jensen’s, a lecturer of entrepreneurship, says that the entrepreneurs come back to school with dots about the ideas of entrepreneurship and the professors join in the dots and complete the puzzle of their students.
Their many programmers that are being offered to entrepreneurs, different individuals will take on various programs depending on their area of specialization. These programs are very crucial, and the future of the business may solely depend on that knowledge. Recent research has shown that the failure of many companies would have been avoided if the entrepreneurs had gone to school prior to the opening of the business to learn the required skill to run their businesses.
One of the success entrepreneur, Campbell, saying that going to school greatly improved the profit margin of his business. This is as a result of getting acquainted with the accounting process, pricing, inventory process and international trade agreements. He says that the cost of his education is way below the added profits in his business.
Going back is, therefore, the new trend in the business world. It’s wise to get equipped with the right tools before you embark on your entrepreneurship journey. If you’ve already started on your journey, you can still spare a little time to go back and pick up what you may have missed for better results.
http://timesofindia.indiatimes.com/trend-tracking/the-startup-masterclass-why-entrepreneurs-are-going-back-to-school/articleshow/59608845.cms
http://topics.nytimes.com/top/news/business/small-business/startup-strategies/index.html

Leave a Reply

Your email address will not be published. Required fields are marked *