Ending Soon! Save 33% on All Access

What Should I Study to Be an Entrepreneur?

By Ryan Himmel Edited by Dan Bova

Opinions expressed by Entrepreneur contributors are their own.

As a new college student with my eye on the prize of becoming an entrepreneur, are there specific classes I should be taking to prepare myself for my future as a founder? Should I try to major in entrepreneurship? Get an advanced degree? Please advise.

I'm glad to learn that you already have an itch to prepare yourself to become an entrepreneur. There's no question that college is a great place to learn and experiment with different courses that may provide you with the skills and exposure necessary to pursue your venture. I recommend a specific approach.

Try to attend classes that interest you and help you develop the skills necessary to become a future entrepreneur. Specifically, focus on the opportunities that help you develop the major qualities to become a successful entrepreneur, such as imagination, courage, integrity, work ethic and accountability. As I've written before, imagination is one of the crucial qualities that made Steve Jobs one of the most successful entrepreneurs of our time.

You will also want to expose yourself to the business sciences, such as entrepreneurship, finance, accounting, marketing and business law. You don't necessarily need to major or minor in these areas, but it can certainly help since they are key aspects of every business.

As for whether or not you need to pursue an advanced degree, that really depends on the person and industry you are pursuing. It might be necessary to obtain an advanced degree in medicine for someone in pursuit of starting a healthcare company with a technical focus. If you plan to open a restaurant chain, then having an MBA can help with managing operations and raising capital, although it's possible to do those things without a degree.

All of these classes and degrees will help prepare you to become an entrepreneur, but ultimately entrepreneurship comes down to the person and how they use their knowledge to lead a great company. The degrees they possess and the college training they have received are just a few elements of that.

Ryan Himmel

Head of Financial Partnerships, Xero Americas

Ryan Himmel is a CPA and financial technology executive who has dedicated over a decade of his work toward providing solutions to help accountants and small-business owners better run their firms. Himmel currently leads financial partnerships in the Americas for Xero.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

Apple iPhone 7 Users May Be Owed a Slice of a $35 Million Settlement — Here's How to Claim Your Share

Previous (and current, no judgment) iPhone 7 users may be entitled to up to $349. The deadline to file a claim is June 3.

Business News

Did OpenAI steal Scarlett Johansson's voice? 5 Critical Lessons for Entrepreneurs in The AI Era

Did OpenAI steal Scarlett Johansson's voice? OpenAI has since paused the "Sky" voice feature, but Johansson argues that this is no coincidence. In response, Johansson delivers a masterclass for entrepreneurs on navigating the AI era successfully.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Innovation

How Corporate Investment Helps Startups Deploy Technology Faster Than Ever

Financial resources, strategic alignment, access to expertise, market validation and operational support make this deployment possible.