Division of Business
A entrepreneur risks his or her own capital, services, and skills in a company (or in several companies). Entrepreneurs exemplify the American dream—working without a boss and using their own hands to build a livelihood. Successful entrepreneurs seem to have a number of similar qualities. First, they know business, either from their own experience or through extensive research. Second, they are extremely motivated. The average number of working hours per week of a successful starting entrepreneur is seventy. This catches the typical American dreamer by surprise. Third, successful entrepreneurs become obsessed with—or at least fascinated by—all parts of their chosen area of expertise. Entrepreneur careers involves an in depth study of how to manage and run your own personal business. Entrepreneurship is not limited to just small companies, as Bill Gates himself is an entrepreneur.
It specifically entails creative thinking and imagination. Clever new ideas are the model for the success of any entrepreneur. No aspect of the business is too large or too small to consider. The best thing about being an entrepreneur is that they control their own destinies to a greater extent than if they were working for someone else. Unlike working for someone else who judges their work and assigns a value to their services, every stitch of work they do goes toward their betterment. This puts immense pressure on the entrepreneurs, but it can also be the source of immense pleasure.
The most important entrepreneurial concerns should be thought about long before the person starts her own business. This person must know how to run the company and when to reassess management strategies. Also, this person must be on top of issues of cash flow, expansion (or consolidation), liquidity, and corporate governance.
Being an entrepreneur means thinking about the business all the time, accepting its responsibilities and its failures. But being one’s own boss, owning a business, and reaping all the rewards are powerful enough forces to attract people in droves.
Entrepreneurs have always been the backbone of the American economy. Today’s corporate conglomerates were started by men and women with innovative – even outlandish – ideas who had the dedication to make their new ventures thrive. As an entrepreneur, you will be a leader in the business community, whether you take over the family business, purchase or start your own venture, or work within a larger company to revitalize its practices. Although most entrepreneurs run into difficulty, few people think to arrange a back-up plan in case of failure. Many return to the industries they came from. Others venture into the field again and again.
Educational Opportunities in entrepreneurship
Certificate of Proficiency
This certificate offers opportunities for individuals to learn about and develop entrepreneurial skills. The entire certificate of proficiency in entrepreneurship is accepted in the associate of applied business – entrepreneurship major.
Associate of Applied Business—Entrepreneurship
This program is designed to prepare individuals for possible transfer or employment in a variety of management, business development and entrepreneur positions. The focus of the program is skill building in the area of entrepreneurship.
Associate of Applied Business—Business Administration/Management
This program is designed to prepare individuals for transfer or employment in a variety of management/administrative positions. The focus of the program is skill building in the areas of communication, decision making, planning, organizing, evaluating and entrepreneurship.
Related Educational Opportunities
Lorain County Community College offers an associate of applied business in the following programs:
Additional Opportunities at LCCC through its University Partnership
Kent State University
Bachelor of Business Administration—Business Management
Kent State University’s (KSU) business administration (major in business management) degree provides students with credentials that are important to getting that first job in business as an entry-level manager or manager trainee.
The program is designed so that approximately three years of this partnership is LCCC coursework and the final year (33 semester hours) is KSU coursework. KSU courses are taught by KSU faculty either in person or via distance learning. Students can complete the business degree with a business management major in its entirety on LCCC’s campus.
International Business Minor Option
Global business is fast becoming an important part of the U.S. economy. The world that college graduates are facing will essentially be a triad of powers (the United States and, perhaps, Canada and Latin America; Europe; and Japan and its Asian neighbors) and a “borderless” world. This suggests a need to be trained for employment that will have international implications. Whether the student takes a major in business, fashion design and merchandising, the hard sciences, English or education, some training in global outreach, cultural diversity, and “business cultures” will be necessary.
Master of Business Administration (PMBA)
The mission of the Kent State MBA program is to prepare students for management and staff positions in regional, national, and international organizations through an emphasis on ethical leadership, teamwork, creative problem solving, global perspectives, and skilled applications of information technology.
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