As an entrepreneur, you are the inspiration and brains behind your business. Whether you offer your own unique products, sell someone Else’s products, or provide services in your local community, chances are high that you have more passion for your field than you have business knowledge. This doesn’t mean you don’t know a lick about business. It just means you may know a lot more about your chosen field than you know about operating and growing a business.
This is the primary reason many entrepreneurs fail to continue growing with time. They move forward with knowledge about their products or the services they are offering, but they don’t take the time to increase their business knowledge. They simply lack the skills to move their business forward. They pass up prime opportunities to grow, without knowing it.
If you are even slightly worried that you may be one of these entrepreneurs or you just know that you could stand to brush up on your business skills, now is the time to take action. It’s time to start studying business so that you know how to grow your own business. You can only learn so much from blogs and websites. Formal education is the only way to make the best decisions for your business and ensure you never pass up profitable opportunities.
Becoming a Business Student
Your ultimate goal should be to obtain an MBA. That degree will ensure you know what you are doing when big decisions come up for your business. At that level, you will make proactive decisions that propel your business forward, rather than making damage control type decisions in reaction to obstacles. You can get there, but you will have to be dedicated and persistent to your business education.
You have to start with the level of education you have right now. Due to the nature of entrepreneurship, many successful business owners have little formal education and lots of passion and creativity. What do most of them do once they start becoming successful and bringing in money? They go back to school! They know they need that formal education to take their businesses to the top.
Some entrepreneurs start by studying for their GED while others jump right into a part time MBA program. It all depends on how much education they had before deciding to get their MBA. Wherever you have to start the process, know that you are not alone. Many other successful entrepreneurs have started in your shoes and finished with their MBA and massively successful businesses. You can follow in their shoes.
Making School Fit
The biggest obstacle for an entrepreneur enrolling in an MBA program is making education fit into their lives seamlessly. Since entrepreneurs tend to be very creative, active people, it can be difficult to set aside the inspiring projects to do homework or attend a lecture.
Does that sound like you? Do you think you are too inspired to make room in your life for boring business studies? If so, you will have to commit to a schedule of classes and schedule for studying. Make those appointments with yourself and consider your education a business project. You are doing this for the future of your business, even if you don’t find it as inspiring or creative.