Each year, thousands of people graduate from college with a business degree or management degree, set on making their mark as an entrepreneur. More than half a million new businesses open in the U.S. each year.* And while extreme success stories may not happen every day, it’s always encouraging to be reminded that they’re possible. Here are a few:
Entrepreneurship is a vital part of economic growth, and individuals like those mentioned above have launched businesses that create jobs and provide products and services that entertain, enhance quality of life, and improve business productivity. If you have a dream you’d like to turn into an enterprise, start with a bachelor’s or master’s degree. From there, you’ll need a vision, enthusiasm, and dedication—and yes, a bit of luck—to turn the right idea into a what could be a business more profitable than you ever imagined.
*U.S. Bureau of Labor Statistics, “Business Employment Dynamics: Entrepreneurship and the U.S. Economy, Business Establishment Age,” on the Internet at www.bls.gov/bdm/entrepreneurship/entrepreneurship.htm.
†Mark Riddix, “6 Entrepreneurs Who Built Their Fortunes From Nothing,” Investopedia, 2011, on the Internet at www.investopedia.com/financial-edge/0411/6-entrepreneurs-who-built-their-fortunes-from-nothing.aspx.
‡Lee Boyce, “The Top 25 Rags-to-Riches Entrepreneurs,” This is Money, 2014, on the Internet at www.thisismoney.co.uk/money/smallbusiness/article-2809685/Top-25-self-entrepreneurs-started-small-sums-money.html