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Bachelor of Applied Entrepreneurship
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About Entrepreneurship
You'll become
Average Salaries
Entrepreneurship workers may earn between $46,000 and $149,000 per year
Do you have a big business idea? Do you have the motivation to make this idea into something huge, but don’t know where to begin? Then Entrepreneurship Courses may be just for you. In this fast-paced, constantly evolving world of business, students with their big ideas need guidance to learn the practical enterprise skills of this century. Entrepreneurship Courses will help students fast-track their ideas, with the support and advice from experts in the industry – and hopefully, will aid students to turn their big idea into a reality.
Your head’s full of ideas and you see potential at every turn. Now, turn your dreams into a career by studying an entrepreneurship course.
An entrepreneur isn’t just someone who runs a business. As an entrepreneur, you’re a leader in every sense of the word. You start first, finish last, sing loudest, and start doing while everyone else is still wondering. You’re not content with showing up to do your hours and collect your paycheck, and, in an increasingly competitive business world, you should be rewarded for standing out.
By studying an entrepreneurship course, you’ll have a unique opportunity to build your leadership skills, gain an understanding of the theoretical approaches to modern business management, and build your networks – equipping you to advance your next great idea and potentially change the game.
As an entrepreneur, no two days will be the same, and academic entrepreneurship courses reflect that dynamic. It’s precarious, but thrilling – you know it’s better to fail than to wonder what could have been.
You can choose to study entrepreneurship as a bachelor’s or master’s degree, and will have access to unique internship and training opportunities in the course of your studies.
After you complete your course, you’ll be able to seek employment in traditional business management and leadership roles, or branch out into your own venture. Where you go next is up to you.
What do entrepreneurship graduates do?
Due to the nature of entrepreneurship, no two entrepreneurs will have similar day-to-day responsibilities. However, if you’re running your own small business, startup or entrepreneurial venture, you can expect to perform tasks relating to the management and administration of your organisation, including planning, organising, directing and reviewing your day-to-day operations. This may include tasks like:
- Developing and reviewing organisational objectives, goals, values and vision;
- Developing and reviewing organisational policies, standards and procedures;
- Providing day-to-day direction and management at your organisation, including managing people and allocating resources;
- Proactively assessing and identifying risks to the organisation, and responding with decisive action and planning;
- Building organisational culture;
- Authorising and seeking funding;
- Proactively engaging with external stakeholders and representing your organisation in public;
- Managing your organisation’s public presence, including managing social media, website and branding;
- Preparing, writing, researching and analysing reports, budgets and forecasts, and presenting them to shareholders or a board of directors; and
- Recruiting, inducing and managing staff.
Career Outcomes
Career Outcomes
Your employment opportunities as a sole trader or small business owner will depend on the nature of your venture and the industry you’re working in. You may choose to start a business or organisation in an area like:
- Accounting and finance
- Agriculture
- Building and construction
- Community and social services
- Coaching and mentoring
- Education
- Engineering, science and technology
- Health
- Hospitality and tourism
- Information technology
- Media and technology
- Public services
- Retail trade
- Security and risk
Graduates of entrepreneurial courses usually set out on their own ventures – running small businesses or working as sole traders. If you’d prefer to work in traditional employment, you may seek out a role requiring the use of your leadership and management skills, such as working as a:
Is entrepreneurship right for you?
You’ll enjoy working in entrepreneurship if you:
- Have big ideas and the audacity to pull them off
- Are proactive
- Enjoy leading and making decisions
- Love working with people
- Have excellent communication and interpersonal skills
- Are disciplined and determined
- Like challenges and problem-solving
- Have excellent organisational and time management skills
- Thrive when challenges
- Enjoy fast-paced and high-pressure work
- Enjoy planning and strategising
- Enjoy big-picture thinking
- Are resilient
Job opportunities
A range of job opportunities exists for graduates of entrepreneurship courses, including in senior management roles in existing businesses, or in new ventures that you create yourself.
The Australian Government’s Job Outlook reports high employment prospects for people working in management roles, stating that general managers and chief executive officers are in significant demand, and both roles will likely grow substantially in the next decade.
Job Outlook reports that approximately 58,000 people are employed as CEOs in Australia, and projects that approximately 9,000 more will be hired by 2020. Similarly, Job Outlook reports that approximately 51,000 people are currently employed in other general management roles, and that this number will rise to 59,000 by 2020. It considers this growth to be extremely high in percentage terms for both roles.
You may also choose to establish your own small business after completing an entrepreneurship course. The Federal Treasury highlighted the significance of Australia’s small business sector in a 2011 survey, stating that that 96 per cent of all businesses in Australia are small businesses – equating to more than two million businesses. The Treasury described the contribution of small businesses to the Australian economy as “significant” and identified that they contribute approximately one-third of the value of the Australian economy.
Average Salaries
PayScale reports that a small business owner in Australia may earn an annual salary of between approximately $46,000 and $149,000, depending on the nature of their industry and their experience with their business. PayScale notes it’s more challenging for entry-level entrepreneurs to earn a high salary, but recognises that it’s difficult to predict salaries for entrepreneurs.
If you choose to work in a management role in an established firm, you may expect to make an average salary between $65,000 and $132,000 per year, and will receive a significantly higher wage with more years of experience.
Industry Bodies
- StartupAUS
- Australian Chamber of Commerce and Industry
- Business Council of Australia
- Career Industry Council of Australia