Why BABA Degree Holders Are Well-Suited for Entrepreneurship
College dropouts such as Mark Zuckerberg and Steve Jobs hold a revered status in today’s society, but their path is atypical; a notable Kaufman Foundation report observed that college graduates who founded startups enjoyed approximately twice the revenue as those who skipped out on secondary education. Not all college experiences lead to success in entrepreneurship, however. It is imperative to select a program that promotes critical thinking, leadership skills, and a thorough understanding of the mundane, yet essential administrative tasks that aspiring entrepreneurs so frequently overlook.
Building Teamwork Skills
Leadership skills are essential, but teamwork is just as important for aspiring entrepreneurs, who must negotiate and cooperate with investors, partners and teams of valued employees to reach a common goal. Programs such as the online BABA degree program at Rutgers emphasize teamwork; students spend much of their time working closely with fellow business students, as well as talented individuals who intend to pursue work in other fields. These interactions may occur online or in person, but in either approach, they provide not only a valuable network, but also the ability to harness different perspectives in the interest of achieving an ambitious objective.
Avoiding Costly Mistakes
Many entrepreneurs learn on the job, developing key administrative skills as they build their businesses from scratch. This is a viable path to entrepreneurial success, but it’s also a risky approach. Early mistakes that teach valuable lessons can be incredibly costly — and in a competitive business environment, even a seemingly small error could potentially sink a new startup.
Knowing When to Take Risks
Business Administration students are often unfairly regarded as risk-averse, in part because so many pursue lucrative, yet stable professions in accounting and information technology. Others, however, are eager to take big risks, but they also understand the importance of taking the right risks. BABA students know how to thoroughly vet each opportunity to ensure that the risk is ultimately worth the reward.
Planning and Preparation
Many new ventures are started, but relatively few succeed. Often times this is due to a lack of preparation and planning. Rutgers online BABA program encourages students to start by identifying their unique interests. Next, students develop and test their new venture’s business model. The program helps students cultivate the business skills needed to critically analyze and plan their new ventures. This preparation is key to success and encourages the students to start and carefully develop new ventures that they are passionate about.
Getting Started as an Entrepreneur
You’ve decided to leverage the knowledge gained through a Rutgers’ Bachelor of Arts in Business Administration program into an exciting career in entrepreneurship — what’s next? While enrolled in business school, you’ll have the unique opportunity to explore your grand idea, all while gaining feedback from the industry’s best and brightest.
Key steps during and immediately following your enrollment in an online BABA program include exploring and developing a business idea in detail, finding a mentor, determining obstacles standing in the way of business success, and building a strong network of students and professors. Once you’ve taken full advantage of the opportunities available through your online business degree program, you can pursue investor support, patents and other essentials, confident in your ability to tackle any challenges that lie ahead.
A Rutgers Masters of Business Administration online prepares you with the professional expertise to deliver results, positively impact outcomes in today’s increasingly complex global business landscape and further define yourself as a leader in the business world.
This article was created thanks to the insights of Dr. Briance Mascarenhas, Professor and Area Head for Management, Strategy and International Business at Rutgers University.