Entrepreneurship opportunities are becoming more and more appealing today, specifically for women. In 2016, women accounted for 40 percent of new business startups. In addition, freelancing is becoming extremely popular for individuals and organizations alike, making up 35% of the U.S. workforce. Individuals are increasingly jumping on the ability to quickly identify an opportunity in the marketplace and create a business that aligns with that.
And, while these entrepreneurs are undoubtedly experts in their field, there is often a gap of business skills, which either prevent them from starting their dream business, or inhibit the business from growing like it should. The MBA can work to bridge this gap with six core outcomes.
1. Practical Learning for Direct Application
Especially due to specific concentrations in management, healthcare, and marketing, the St. Kate’s MBA curriculum is built purposely with real-world application in mind. The classroom fosters discussion around how to apply skills to current work positions, as well as future professional goals such as entrepreneurship.
2. Innovative and Entrepreneurial Mindset
Without question, the program encourages students to think creatively to solve timely problems and issues. This ability to think innovatively is essential in being able to succeed as an entrepreneur.
3. Communicating with Influence and Reasoning
Students learn to communicate with clarity and influence in order to make positive change within any organization. With entrepreneurship comes a constant need to communicate with influence to build partnerships, increase sales, and accomplish sales goals.
4. Leadership Across an Organization
Leadership starts by being able to assess personal strengths and leadership styles. The MBA program empowers students to lead effectively regardless of their role within an organization. As entrepreneurs grow their businesses, this is an essential skill in order to acquire and retain key employees.
5. Strategic Thinking and Problem Solving
It goes without saying that strategic thinking and problem solving are essential elements in building a business, and the program equips students with the ability to critically analyze, evaluate, and interpret information to make strategic decisions necessary to succeed as an entrepreneur.
6. Global, Social and Ethical Responsibility
As a business owner, there is a commitment to be responsible on global, social, and ethical levels. The MBA program encourages students to think critically and be able to analyze alternative approaches to addressing opportunities.
Students across each of St. Kate’s MBA cohorts have started their own businesses. Indisputably, the self-confidence and skills gained while in the program have empowered them to pursue their entrepreneurial dreams strategically for long-term success.
Do you have entrepreneurship as one of your professional goals? Start your business with confidence by first obtaining your MBA from St. Kate’s!