Career Training: Getting Started in Entrepreneurship

If you have a great idea for a business, at some point you might have thought about starting your own company; however, there are many things you'll need to understand in order to start your own business:

  • Business plans
  • Different types of legal ownership
  • Your target demographic and how to market to them
  • Budgeting and tracking cash flow
  • Business technology

A great way to learn about these aspects of business is to pursue a degree in business administration, accounting, or business information systems. There are a variety of online college degrees available to those interested in business, including associate's degrees, bachelor's degrees and MBAs.

Your salary as an entrepreneur depends on the success of your business. While the average salaries for top executives and operations managers are $160,440 and $107,970, respectively, it might be more realistic, especially in the first few years of your business, to consider the median salaries of chief executives and operations managers in the bottom tenth percentile: $68,680 and $45,410, respectively.