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Benefits of Being an Entrepreneur with an Advanced Degree

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Can an advanced degree really help an entrepreneur in any way? It isn’t hard to imagine it would be, but is all that extra education worth it, or are you better off hiring an expert instead? Let’s try and answer these questions as we discuss the various aspects of such a decision.

Initial Savings

Just because you are an entrepreneur, it doesn’t, of course, mean that you will never need to hire an expert! However, when you are just starting out, you will be able to handle the initial needs of your business on your own, which in turn will help you avoid a major expense. This is why businesses often outsource tasks like accounting; it saves them money in the long run.

The same applies if you hire a post-grad student with an MBA. They have worked hard to gain relevant experience, which you can put to good use in your business. And if you hire someone with an advanced degree in data analysis, it could set your business on the path to success much sooner. 

Increase Your Financial Knowledge Base with an Advanced Accounting Degree

There is no doubt that an advanced finance degree is worth having. Business administration and management degrees teach about managing the financial aspects of a business as well, but none of it can compare to the abilities of a certified accountant for obvious reasons. They are the original professionals who are masters of managing money, which is why the job market for professional accountants in the US is continuing to grow at a faster than average rate.

Combined with your business education and experience, the ability to crunch numbers will prove to be invaluable. You will be able to cut expenses, reduce net payable taxes and structure a better financial design for your business in a way that only an entrepreneur with an accounting degree can.

You Don’t Need to Take Time Off Either

Complete an advanced degree online and you won’t even have to take any time off work either, which is a major plus because that will enable you to pursue your entrepreneurial path while getting the degree at the same time. For example, you can study for a master of business administration degree online at Touro University and reap the benefits. 

Once you complete your education, it will open up a whole new avenue of entrepreneurial expertise for you. Management degrees prepare us to deal with business in general while an additional accounting degree will actually give your business knowledge and experience a venue to explore; a venue about which you will have significant knowledge as well. And if you study for an MBA, you gain a broad set of experience that you can utilize in all aspects of your business. 

Whether you study for an accounting degree or go for your MBA, it makes sense to invest in an advanced degree. The skills you learn can be used to boost your profits and look for new avenues of growth. In this competitive marketplace, education is a must-have, not an optional extra. Are you ready to take your business to the next level?

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Sean Jacobson

I'm Sean, a former HR and business consultant providing you insights into the business world for Leader to Leader.

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