What is Entrepreneurship?
While this state’s agricultural industry is vital to the state, other industries are also important, and some of them may be ideal for entrepreneurial opportunities. These include finance and insurance, where the state netted a revenue of around $12.56 billion in a recent year. Business majors may have ideas that will allow them to break into the industry and earn some of that money for themselves.
Wholesale trade made $7.6 billion and retail trade earned $6.7 billion, and these also may be good industries in which an entrepreneurial thinker could develop a business. Other top state industries include real estate, rental, and leasing ($12.3 billion); professional and business services ($11.5 billion); and educational services, healthcare, and social assistance ($10.6 billion).
Food processing is also a major part of the state economy. The Food Processing Center is a consultancy for those who need information or services that relate to the food industry, and any entrepreneurs starting a food business may want to make use of this center to carry out testing on food products and different formulations to ensure the products are what they want to produce. The center also offers a National Food Entrepreneur Program through its food processing center.
The definition from Merriam-Webster says that an entrepreneur is a “person who organizes and operates a business or businesses”. While this is a dry definition, it is true. However, these individuals also assume the majority of the financial risks as they work to begin and operate their businesses. Additionally, many entrepreneurs do not begin businesses and then settle down to run them the rest of their lives. They tend to be problem solvers and, once they’ve solved their first problem by creating a business to fill gaps in the market, they may pass the management of the business off to someone else or sell the business altogether and start working on their next idea.
Online Entrepreneurship Education in Nebraska
Other ways to describe these professionals include leaders and partners; they may also invest in the organization, making them investors. An entrepreneur may also be called a visionary because they are able to see possibilities where other people think none exist. They are dreamers, daring to think of the different solutions and possibilities that others in their world may not feel ready to support. No matter what you call them, they often wear many hats when they start a business or venture, both in-house dealing with customer support or shipping and logistics and out-of-house trying to garner attention from customers or investors. That’s part of why gaining an education in entrepreneurship can be very helpful if you wish to be an entrepreneur, despite the fact that there are no educational requirements to have visionary ideas and shake up a marketplace.
Online Associate (AS)
Prospective business students who may plan to become an entrepreneur in Nebraska need to learn the business skills that will help them start and run their businesses. This means that they need skills in accounting, economics, finance, human resources, marketing, management, and more.
Graduates from associate business degree programs should be able to begin their own start-up business or gain some experience in an industry first by working with an existing company or organization.
In these programs, students may be able to choose an area of interest or focus, such as accounting or business administration. As they progress through their program, they’ll complete general education courses, elective courses in logistics, marketing, quality control, information technology, business technology, hospitality management, media arts, culinary arts, nursing home administration, or business technology, and general business courses.
Online Bachelors (BS)
Undergraduate students planning to earn a bachelor’s degree in business administration may choose an entrepreneurship concentration to go with their general business courses. Some colleges and universities purposefully offer degrees and concentrations aimed at students who are thinking of starting their own businesses.
A concentration in entrepreneurship can also serve students who want to work in banking, consulting, accounting, or marketing. The courses that comprise a concentration tend to provide students with a more practical emphasis, which can be especially helpful for students who want to develop essential career skills to run a small business.
These types of practical courses can teach students how to move through the different phases of starting their business such as writing a business plan, what daily work activities should include, and vital knowledge for a business’s growth and development.
Online Masters (MS)
Students considering business graduate programs may want to consider an Entrepreneurship Master’s Degree program. Entrepreneurial studies is ranked as the 101st most-popular degree program in the US. By the time they graduate, students will be ready to start and run their own businesses and to help facilitate the development of new business ventures in their communities. During these degree programs, students should also have the opportunity to explore their own businesses and community enhancement projects. Some business schools provide incubation programs that are meant to help students prepare to launch their new business while they complete their degrees.
An in-person or online Master of Business Administration (MBA) in Entrepreneurship can also help students gain the skills (quantitative and qualitative) they need to succeed in today’s and tomorrow’s business world, whether or not they choose to go into business for themselves. However, some programs to offer concentrations in entrepreneurship that can provide a deeper understanding of business and ways in which those looking to start a business can raise capital. Skills emphasized by these degree programs may include case analysis, managerial skills, leadership, team building, and ethics.
Online Doctorate (PhD)
Some Nebraskan universities may offer a PhD in Business, though you may have to look outside the state for a concentration or specialization in management or entrepreneurship. These programs focus on independent inquiry and competent research methodology. By the time students complete one of these programs, they will be able to offer knowledge which is vital for practice and research. They will also be considered experts in the field of business and likely in whatever industry they chose to focus on throughout their career.
The first two years of a PhD program may be devoted to obtaining the foundational knowledge needed to perform research in management, business, entrepreneurship. Once students have completed their first two years, they will be able to customize their courses and training so that they are able to focus their personal interests with faculty expertise. Students are usually required to complete around 90 credit hours of coursework toward their PhD.
Candidates for PhD programs need both strong quantitative and writing skills. During their degree program, they will work on independent research and joint projects and obtain valuable experience.