Whether you’re moving to California to pursue a business degree or simply planning your life, you may be wondering if you need a business degree to succeed in the California business world. The answer depends on a few factors—here’s what you need to know about the California business climate.
Business in California
Over the past two decades, the business landscape of California has changed considerably. Many businesses, especially large conglomerates, have been leaving the state and setting up headquarters elsewhere. For those who have been willing to give reasons why, it’s largely due to the state’s strict regulations and high taxes on businesses. That said, an exodus of larger businesses opens up more opportunities for smaller businesses. Provided you understand California tax structure, this mass exodus might be a good time for you to open your own business in the Golden State.
The Value of a Degree
You’ve probably heard various success stories from businesspeople who have become successful without a degree. However, a business degree has more than just academic benefits. Obtaining an undergraduate or graduate degree in business will teach you what you need to know to run a company. And if you aim to work for another business instead of opening your own, your annual salary is likely to be higher if you have a degree from a school with a strong business program. A degree also affords you valuable networking opportunities. Business degrees at online institutions like Independence University may require externships as part of the program, providing students with practical experience prior to entering their chosen field.
Going Into Business Without a Degree
If you’re interested in going into business in California without a degree, this is still something you can accomplish. Many of the world’s foremost executives don’t have a business-focused degree. However, this approach requires a strong vision. Establishing life goals is an important step, as is seeking out employment in the industry that appeals to you.
Another Option—Pursuing a Degree as You Go
You don’t need a business degree to start a business, but sometimes having a degree can help you more effectively run your business down the line. A coaching service like SCORE mentors can help you determine whether you should pursue a degree or not. However, if you’re eager to start your business now, you have the option to pursue a degree part-time or online. This option lets you pursue a degree while also running a business. However, make sure that you have enough time and energy to devote yourself to both—this is a path that works for some people, but others may find it too exhausting to apply themselves to both.
There’s no single correct way to go into business, and many people will have varying opinions on whether you should pursue a degree first. The bottom line here is to do your own research, be prepared, and draw up a plan for your life and business. With vision and effort, odds are good that you can make your business dreams a reality.
Here’s another article you should check out: What Degrees Are Best for an IT Career?