Become an entrepreneur with business and enterprise courses

This blog is a mini guide that will help you learn what it's like to be an entrepreneur and how to embark on the journey with a business and enterprise course like BA (Hons) Global Business and Entrepreneurship with Foundation Year in the UK.

An entrepreneur is someone who starts, grows and runs their own business by taking calculated risks and coming up with new ideas. It's about using available resources as well as your skills and ideas to make new products, services, or solutions that meet market demands while creating value.

But don’t worry, you surely don’t need to jump off a cliff to learn how to become an entrepreneur!

You’ll need to be a person who has the courage to spot a problem, create a solution and take risks to put it into action. Whether it's introducing a new product, launching a business, or developing an innovative solution, you’ll need to possess a unique ability to recognise opportunities and make them happen.

Your motivation will come from a strong passion for new ideas and a wish to create a positive change in the world. Ultimately, entrepreneurship is all about identifying an opportunity, being willing to take risks and putting in a lot of effort to turn it into something real.

Entrepreneurship is an exciting and rewarding path for those who possess the ambition and bravery to dive in. BA (Hons) Global Business and Entrepreneurship with Foundation Year course can help with your entrepreneurship journey. Whether it's starting your own company and calling the shots or having the opportunity to create a significant impact on the world, the advantages of being an entrepreneur are far-reaching and long-lasting. Here are some of the top benefits of being an entrepreneur.

1. Creative liberty

As an entrepreneur, you have the liberty to make something new, something uniquely yours. This creative independence allows you to brainstorm outside the box and explore and develop unique solutions to challenges. You're not bound by an employer's or a client's demands, giving you the freedom to make choices that are best for your business.

2. Financial rewards

Being an entrepreneur can offer great financial rewards if you achieve success. You have the opportunity to earn significantly more, as the owner of your own company, than you would in a regular job and your income can continue to rise as your business expands.

3. Flexible work hours

Being an entrepreneur means you're not confined to a strict nine-to-five routine. You can work when it's convenient for you, with the flexibility to arrange your schedule according to your preferences. This gives you the opportunity to explore other interests and dedicate time to your loved ones.

4. Personal growth

Starting and managing your own enterprise can pose huge challenges, but the skills you gain along the way can prove to be invaluable. Skills such as problem-solving, decision-making, effective communication and networking can all enhance various aspects of your life.

A business and enterprise course like BA (Hons) Global Business and Entrepreneurship with Foundation Year in the UK can help you gain the necessary skills for a smooth entrepreneurial journey.

5. Creating an impact

Being an entrepreneur means you can genuinely impact the world in a positive way. You can create something new, develop innovative products or services and contribute to solving real-world issues. This can be satisfying, knowing that you're making a positive change.

Entrepreneurship is a highly fulfilling and rewarding journey that involves risk-taking, visionary thinking and transformative action. To be an entrepreneur and transform your vision into a thriving business, you need a unique skill set.

A business and enterprise course such as BA (Hons) Global Business and Entrepreneurship with Foundation Year in the UK can help you gain the relevant skills needed to flourish in the entrepreneurial world.

Below are some of the key skills you need as an entrepreneur:

After retiring from her professional dancing career, Judi Sheppard Missett ventured into entrepreneurship by offering dance classes to earn extra money. However, she soon discovered that the women attending her classes were more interested in losing weight and getting fit than in learning specific dance steps. This realisation led Sheppard Missett to train instructors to teach her fitness routines to a wider audience, giving birth to ”Jazzercise”. Subsequently, she entered into a franchise agreement and today, the company boasts over 8,300 locations worldwide.

In another entrepreneurial journey, Jerry Greenfield and Ben Cohen embarked on a path to create uniquely flavoured ice cream for their local market. They started with $8,000 in savings and a $4,000 loan, leased a gas station in Burlington, Vermont and acquired the necessary equipment after taking an ice cream-making correspondence course. Today, Ben & Jerry's generates millions of dollars in annual revenue.

In the 21st century, internet giants like Alphabet (the parent company of Google) and Meta (formerly Facebook) serve as clear examples of how entrepreneurs have significantly impacted society and earned substantial wealth.

Unlike traditional careers, which often follow well-defined paths, the journey to entrepreneurship remains confusing for many. What succeeds for one entrepreneur may not work for another and vice versa. Nevertheless, there are seven general steps that numerous successful entrepreneurs have followed:

1. Discover the right business fit: Entrepreneurship covers a wide range of possibilities, spanning various industries. It's essential to select the field and specific business venture which matches your interests and passion. Since entrepreneurship demands a lot of effort, it's wise to concentrate on something that genuinely interests you.

2. Find out if you need further education or training: While you do not need a formal education in order to become an entrepreneur, it might be useful. Depending on your chosen field, acquiring knowledge in areas like business or marketing can be advantageous. Certain enterprises, such as starting your own accountancy firm, may require a specific educational background.

You can start with a business and enterprise course such as BA (Hons) Global Business and Entrepreneurship with Foundation Year in the UK.

3. Form a business plan: Before launching your business, it's crucial to develop a comprehensive business plan. This plan outlines your objectives and the strategies you'll need to achieve them. It serves as an important tool for attracting potential investors and assessing the success of your business venture.

Pursuing a course such as BA (Hons) Global Business and Entrepreneurship with Foundation Year in the UK can help you understand how to create a solid business plan.

4. Identify your target audience: Not all businesses cater to everyone. Consider factors like age, gender, income, race and culture when determining your target demographic. This information will greatly determine your business's location and whether you actually need a physical address. Tailor your business to your chosen demographic.

5. Build your network: Networking holds great significance for entrepreneurs. It's a means of connecting with individuals who possess valuable skills that can benefit your business. Additionally, networking can help you locate potential investors to back your ideas with start-up finance. Your network can also contribute to the growth of your business by referring new customers.

Undertaking a BA (Hons) Global Business and Entrepreneurship with Foundation Year in the UK, at a good institution, can help you form a strong network.

6. Sell your idea: Entrepreneurs must convince consumers that their product or service is the best. Identify what makes your offering unique and emphasise its value. Effectively communicating this can be a key factor in attracting customers.

7. Prioritise marketing: Marketing should be a central focus before, during and after launching your business. Even if you have a top-notch product or service, it won't gain traction if people aren't aware of it. Creating a strategic marketing plan, tailored to your target audience, is essential. For instance, millennials might respond better to social media ads than traditional billboards.

Learn about marketing with a business and enterprise course such as BA (Hons) Global Business and Entrepreneurship with Foundation Year in the UK.

GBS is a leading institution known for its industry-focused courses in fields such as finance, accounting, healthcare, business, construction and more. With a notable presence in key UK cities, the institution is dedicated to its mission, “changing lives through education”.

Study BA (Hons) Global Business and Entrepreneurship with Foundation Year in the UK:

If you are looking for a platform to enhance your technical understanding of business and entrepreneurship through an evolving, hands-on approach, this course is ideal for you. The BA (Hons) Global Business and Entrepreneurship with Foundation Year offers an alternative route to fulfilling your academic and professional goals, particularly if you require a flexible course that can accommodate your work and family commitments.

Our course, BA (Hons) Global Business and Entrepreneurship with Foundation Year in the UK is designed to prepare you for realising the potential of your entrepreneurial ideas. It equips you with the awareness to identify opportunities and provides the skills necessary to turn them into reality. This course is structured to provide engaging insights into dynamic organisations and their role in creating employment opportunities, fostering economic growth and driving social transformation.