Did you know that small business owners who invest in entrepreneurial training are more likely to increase revenue, secure capital, innovate and create a meaningful impact in their communities?
Our recent infographic, “Entrepreneurship Training,” examines the intricacies and benefits of training for small businesses.
How much importance do small business owners place on training?
When small business owners were asked how they would improve productivity in their business, the majority of them placed importance on training rather than other expenses. Among those surveyed:
- 36% said they would seek ways to improve their skills
- 32% would invest in new technologies
- 28% would hire more employees
This shift toward training and improving employee skills improves the health of the business and sets it up for success.
Entrepreneurship and College
Over the last 30 years, the number of freshmen college students who want to be entrepreneurs has doubled and the education system has catered to the shift in interests. Degree offerings in entrepreneurship have grown by 5 times and courses in entrepreneurship have grown approximately 20-fold in the last 30 years.
Despite the students of today being more interested in entrepreneurship training within a college environment, most business owners do not have a 4-year college degree. In fact,
- 5% did not complete high school
- 20% graduated high school or received a G.E.D
- 14% received an associate’s degree
- 17% attended some college
- 26% graduated college
- 18% received a post-graduate degree
With only 44% of small business owners having a bachelor’s degree or higher, it’s clear a degree from a 4-year college or university is not the only thing that equates to entrepreneurial success.
Resources for Small Businesses
For small business owners who didn’t attend or graduate from a 4-year college, many use online workshops, blog posts, business resources, and training, including SCORE.org. Entrepreneurial and small business training materials can provide business owners with the necessary tools to help their businesses succeed.
Some of the most-searched topics from SCORE users are:
- Financial Templates
- Business Plans & Strategy
Users also search for training topics such as:
- Starting Your Business
- Developing a Business Plan
Helping small business owners get the resources they need to help their businesses succeed is one of our main goals at SCORE.
If you’re interested in starting your own business but don’t know where to start, SCORE is your source for entrepreneurship training. We offer small business workshops and a library of online templates, e-guides, blogs, and more. Continue training while working with your SCORE mentor to make your small business soar!
Copyright © 2023 SCORE Association, SCORE.org
Funded, in part, through a Cooperative Agreement with the U.S. Small Business Administration. All opinions, and/or recommendations expressed herein are those of the author(s) and do not necessarily reflect the views of the SBA.