What is Entrepreneurship?
Louisiana, with its plentiful natural resources, is well suited to the entrepreneurial spirit. Prospective students who wish to become an entrepreneur in Louisiana may be well served by attending a college or university in the state, even if they already have an idea of what kind of business they want to start. For example, this state has the highest concentration of oil refineries in the U.S. An entrepreneur with preexisting knowledge of oil and gas extraction may become a major producer of these fuels.
Manufacturing is the top industry in this state, followed by real estate, rental, and leasing and professional and business services close behind. For entrepreneurs who want to focus on construction and contracting, this industry falls within the top 10.
Louisiana is already home to almost 350,000 small businesses. The state also has 221,300+ self-employed individuals, including those who have incorporated their own companies.
So, where can aspiring entrepreneurs find an opportunity to open a business? Here are just a few options:
- Real Estate
- Digital Marketing
Louisiana has several programs to help current and new entrepreneurs in a variety of sectors. These include the Farmer Training Program, the Side Hustle initiative, Makers, and a development program for regional farmers markets. The state also has partnerships with some organizations, such as the Central Louisiana Chamber of Commerce and three coaching partners to work directly with entrepreneurs.
An entrepreneur is an individual who may have a dream for a new business, product, or service. They may go to school, enrolling in an associate degree program or a college of business, where they can take classes in general education, business, and opt into an entrepreneurship program when they are ready. In a business or entrepreneurship degree, or even an internship, they can gain real-world experience.