Nowadays, so many people are so quick to insult the idea of pursuing a degree in business administration, arguing that “a degree is not needed” to launch a successful business. While it’s possible to do well in business without a degree, it would be downright foolish to say that studying business administration won’t benefit someone who intends to manage businesses. If you’re not convinced that completing an online business administration program is worthwhile, consider the following three undeniable advantages that are often overlooked by pessimistic naysayers:
1. The Ability to Take Business into Your Own Hands
How often have you seen instances of businesses failing due to poor management? Hiring bad managers is probably one of the leading causes of startup failure. Sadly, even people who already have business degrees aren’t guaranteed to put as much care and effort into running your business as you would. Why not take matters into your own hands and strengthen your managerial capabilities by studying for an online business degree? It’s possible to get lucky and launch a few successful businesses without ever doing any hands-on management, but when you actually know what’s happening within a company, there’s no luck involved because you’re at the controls at all times.
2. Avoiding Unnecessary Mistakes and Research Later On
There’s an old saying that goes: “An ounce of preparation is worth a pound of cure.” Investing the time and effort to become a master at business administration will lessen your chances of making rookie mistakes during the important stages of a startup launch. With a degree and the expertise that comes with it already in hand, you’ll be equipped enough to not have to research business administration while actually trying to get your company off the ground.
3. Impressing Investors and Partners
Gathering external funding and finding partners are two aspects of business that are commonly neglected. A business owner with an MBA or bachelor’s in business administration is much more likely to impress and attract the attention of investors and potential partners. Nobody wants to give a bunch of money to somebody who doesn’t have any experience or credentials to prove that they’ll use the funds wisely. When it comes down to it, most investors would rather put their trust in the hands of someone who has a degree versus the alternative of trusting it to an individual who only has a high school education.
If You Can Do It, Why Not?
Oftentimes, we find ourselves making excuses about why it’s not feasible to pursue further education at the moment. People have jobs and other commitments that take up their time, so attending a college campus frequently doesn’t seem like something that would fit into their schedule. Fortunately, online business programs provide the opportunity to study at home on your own time. Ask yourself this: if you could make the time to focus on your education for a couple of hours here and there, then why not study for a degree if it stands to provide the tremendous benefits mentioned above? It’s a no brainer!