Have a great idea for a new business? You’re not alone. In fact, according to the U.S. Small Business Administration, over 900,000 new small businesses were founded between March 2019 and March 2020 alone.
However, running a successful business takes more than just a great idea. Whether you’re looking to start your own company or apply your skills toward a partner’s venture, it’s a good idea to take the time to develop some business acumen.
One way to do this is by earning an MBA in entrepreneurship. This focused Master of Business Administration degree is a great way to build on your business and leadership skills as you gain a solid understanding of the unique tasks and challenges that come with starting your own business.
Let’s take a look at 5 ways earning an MBA in entrepreneurship can help you.