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.
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.
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:
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
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.
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.
- Australian Chamber of Commerce and Industry
- Business Council of Australia
- Career Industry Council of Australia