Get All Access for $5/mo

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.

Side Hustle

The Side Hustle He Started in His College Apartment Turned Into a $70,000-a-Month Income Stream — Then Earned Nearly $2 Million Last Year

Kyle Morrand and his college roommates loved playing retro video games — and the pastime would help launch his career.

Growing a Business

How to Determine The Ideal Length of Your Marketing Emails Your Customers Will Actually Read

Wondering how long your marketing emails should be? Here's what consumers say — so you can send them exactly what they like.

Business News

A Former Corporate Lawyer Now Makes Six Figures on YouTube — Here's How She Does It

Here are the secrets to starting and growing a successful YouTube channel, according to a YouTuber with millions of subscribers.

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.

Business News

New Southwest Airlines Major Investor Wants to Force Out CEO, Slams Company's 'Stubborn Unwillingness to Evolve'

Elliot Investment Management announced a $1.9 billion stake in the Dallas-based Southwest Airlines on Monday and is urging shareholders to vote for new leadership.