Business Degree: is it Needed to Run a Business Successfully?
There are business owners who will always learn how to operate their businesses purely by experience and by action. These people tend to argue that there is no need for academic credentials such as a degree in order to successfully run a business. Is a business degree really important to the operations of a business? Even at these early stages, the answer to this question is a big YES. Here are some reasons why despite your personal experiences and skills gained from work, having a degree is crucial to smooth business operations.
Widens your Network
Did you know that in the university is where the actual networking begins? You may argue that even without getting into the doors of a university, you will still create networks. As true as your argument will be, you will not have a valuable link of networks and associates as the person who has gained the exposure at the university. A person with a degree has an instant network of colleagues whom he can use to instantly gain access to a network of investors and business partners.
Education goes beyond educating you on business processes to widening your creativity and increasing your chances of success in the business venture. With the right degree, you will always be innovative and inventive in your business. As such, you will always have new ways of performing business activities and this will ensure that your business will always have a competitive edge over the others.
Helps Business Stabilize Faster
Someone once stated that, “If you think education is expensive, try ignorance!” How true are these words! As you will discover, knowing how to run a business is more important than groping and guessing in the dark for directions. A business with knowledgeable and educated personnel will move in the right direction at a faster speed than a business run by someone with limited knowledge. What more, research has often indicated that a business run by those without enough knowledge on its processes is much more likely to fail than that which is operated by an individual with proper knowledge.
A Degree Develops the Foundation
Did you know that most businesses run by uneducated persons succeed by chance? For sure, it takes them longer to succeed and progress and even when such businesses do succeed, it is through mere chance. This is unlike a business run and operated by a professional that is entitled to success because it was properly run and managed.
In conclusion, it can be correctly stated that even though some people argue that a degree narrows the mind, the reality is that it opens up an individual to many opportunities and management skills. A degree is indeed needed to run a business successfully because it gives a person the knowledge needed for the purposes of smooth business operations.