Entrepreneurship vs Small Business: Career ROI

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Updated: March 25, 2024, Reading time: 5 minutes

Did you know that there are at least 33 million small businesses and enterprises in the United States? They are top economic drivers that employ some of the most hardworking and smart individuals who know how to make money!

Entrepreneurship and small business are career pathways for those who have a thirst for businesses that operate on a lower scale than corporations or companies—but demonstrate strong ROIs nevertheless!

Comparing Entrepreneurship vs Small Business

Both career pathways necessitate a strong academic know-how, but how exactly do they compare to each other? Here’s a chart to show you that!

Entrepreneurship vs Small Business - fact

How Can You Get Started in Entrepreneurship?

Investing in a degree that guides you through theory and practice is a wise choice if you’re truly pursuing a career in entrepreneurship. As a modern entrepreneur, you have to be open-minded and creative, think out of the box, be open to feedback, and not be afraid to fail. 

While skills are crucial to pursue this path, a Bachelor’s in Entrepreneurship degree equips you with the knowledge of the fundamentals of Accounting, Marketing, Management, and Finance. offered by prestigious colleges and universities today.

By pursuing a graduate degree in Entrepreneurship, you learn the principles of social branding, venture capital, leading startups, and private equity—all relevant to landing high positions in enterprises or developing your own entrepreneurial project.

To enhance your skill set even further, conduct research projects, make an effort to network professionally, and participate in business internships that enable you to apply your knowledge to real-world work scenarios. 

Be on top of your game through workshops beyond the classroom. Consider entrepreneurship classes you can attend for free

Essential Skills of An Entrepreneur

Entrepreneurs frequently take on several responsibilities to establish and expand a company. It calls for a diverse set of skills, primarily:

Jobs for Entrepreneur Degree Holders

Entrepreneurship majors qualify for these occupations, often based on their academic attainment and experience:

Entrepreneur Degree JobAnnual median pay
Business Consultant$104,300
Financial Analyst$96,220
HR Specialists/Recruiter$64,240

Opportunities for Advancement in Entrepreneurship

Enrolling in graduate programs in Entrepreneurship is an excellent way to grow your entrepreneurial mind. By enriching your arsenal of knowledge with entrepreneurial theories, principles, and strategies, you become better equipped and prepared for the challenges of the job.

An MBA in Entrepreneurship is a popular choice. This program enables professionals to qualify for executive roles in enterprises, organizations, startups, and non-profits. 

Even better, you can pursue a Doctorate in Entrepreneurship program to become adept in how the financial industry works. As a Doctor of Entrepreneur, you can also pursue research and teaching professions.

To Be or Not to Be

Why Entrepreneurship could be for you:

Entrepreneurship isn’t for you if:

How Can You Get Started in Entrepreneurship - Image

How Can You Get Started in Small Business?

Being a small business owner doesn’t require a fancy education—but a strong academic background does elevate your skills! 

You can start with an Associate in Small Business degree and pursue a bachelor’s program with a Small Business Management concentration. 

The focus of the Small Business degree program is operations and management. As such, the coursework typically involves contemporary business theories and practices, as well as social and legal concerns of small enterprises. 

The majority of programs include complementary General Education subjects in the Humanities, Sciences, and the Arts. As a Small Business major, you will learn specifically about financial systems, business ethics, marketing management, organizational planning, and organizational behavior. 

Essential Skills of A Small Business Owner

Small Business degree programs develop these key skills that make you a competent candidate for jobs or an owner yourself:

Jobs for Small Business Degree Holders

With a Small Business major or concentration, you can land these jobs:

Small Business Degree JobAnnual median pay
Business Analyst$95,290
Project Manager$95,370
Sales Representative$67,750

Opportunities for Advancement in Small Business

Small business owners can advance their studies by enrolling in a Master’s degree in business management with a small business management concentration. This usually runs for two years, with topics covering management or leadership as well as higher-level coursework. 

Depending on the position, specialization, and industry, you will remain a competitive candidate if you have a master’s degree. 

To Be or Not to Be

Why Small Business could be for you:

Small Business isn’t for you if:

Entrepreneurship vs Small Business - image


Entrepreneurship and Small Business careers may seem a lot like each other, but they’re different in scope, techniques, objectives, and outcomes. Even so, both career paths can be promising if you lay a solid foundation in business operations and management, which you can gain from top-notch Entrepreneur and Small Business degree programs.

While business acumen and financial savvy matter to enterprise and small business work, do not discount the value of communication, leadership, strategy, critical thinking, and persistence to truly reach your goal!

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