Why Business Management is Vital for Growth in Start-ups

“I don’t go into ventures to make a fortune. I do it because I’m not satisfied with the way others are doing business”.  

If you didn’t already know who said this, it was the British entrepreneur and owner of Virgin Group, Richard Branson. Like many, he started out small; his first business venture came at age 16 when he created his own magazine titled ‘Student’. When this began losing money, he started a mail-order record company to raise funds, this quickly became the principal label worldwide for punk and new wave.   

Success is possible for anyone; you just need business management skills to be able to implement a proper structure. If you’re interested in following the footsteps of billionaires like Richard Branson, a degree in business management could be a great investment.

At the University of Bolton, our BSc (Hons) Business Management graduates receive a Chartered Management Institute Level 5 Diploma in Leadership and Management; giving them an excellent start towards a professional career with global opportunities.

Entrepreneurs vs. Business Managers  

You might be full of creative ideas for potential business opportunities. However, those ideas don’t make you a business manager; but they might make you an entrepreneur.
 
When we think of the definitions of an entrepreneur vs. business manager, it can be easy to confuse the two. An entrepreneur will use their ideas and take on financial risks in the hope of making a profit. A business manager will be responsible for managing a company’s activities and its workers. The key difference is that a business management job employs someone to manage the business operations; minimising the level of risk and increasing its success probability.  

A business management course might still be right for you if you have an entrepreneurial nature. It’s a popular degree subject too, being offered at over 120 of the 141 UK universities. It is the UK’s most popular undergraduate choice; taking on over 50,000 students in the last academic year. In a survey completed by SME Loans, 64% of 18-24-year-olds in the UK would like to start their own business;making most of the UK workforce aspire to become an entrepreneur. This is a key reason why business management degrees are so popular. Completing one enables students to gain the skills to secure their dream business manager job. Students study topics ranging from finance, HR, marketing, economics, and much more; giving them a broad overview of the core principles of real-world management.

Is Business Management a good degree?

As a business manager, you should have a clear vision of the direction your business is heading. If you’re interested in business management, you might already be aware of SMART objectives; a key indicator for business managers when developing their vision. 

- Specific 
- Measurable 
- Actionable 
- Reliable 
- Timely 

Business managers need to be organised. They are at the top of the business’s food chain, meaning they need to be able to simultaneously maintain control of multiple projects. Without this companies are at increased risk of failure.

A business management course emphasises that to succeed in a competitive business environment, you need to be more than just an entrepreneur. It gives you the opportunity to stand out from others by giving you the knowledge to gain employment in different managerial roles. From gaining a good introduction to the business world to learning to become an effective team player, business management skills are incredibly valuable assets. If you are someone with either no or limited experience, a business management degree can give you a foundation in how successful businesses are run.

Where can a Business Management Course lead to?

Business management is one of the most versatile degrees you can take. While giving you the opportunity to venture into any industry you wish to work in, you can learn to make a direct impact in a senior role in any of the following departments:  

- Accounting  
- Entrepreneurship 
- Finance 
- Human Resources  
- Health Care Administration/ Management  
- International Business 
- Marketing 
- Public Administration  

141 UK Universities... Why Bolton?  

With such a competitive subject, it is essential you are choosing a course that will benefit your career prospects.

The business world is constantly evolving, so at Bolton University we aim to help you develop the lifelong learning skills to take ownership of your development. Our experienced lecturers are passionate about helping our students achieve the best possible degree; and this is why our business management and marketing courses have been voted 1st for Teaching Quality*. Our friendly and inclusive campus also means that we are in a great position to offer our students access to smaller class sizes. Our lecturers are proud to know our students on a first-name basis; one of the reasons why our students love Bolton.

Looking to find out more about the course? Look at our BSc (Hons) Business Management course details to find out more about what our supportive learning environment means for our students.

Join our Institute of Management through Clearing!

If you think Bolton could be the right place for you, there’s still time to apply through Clearing! Open until the 19 September, it offers an excellent opportunity to become part of the Bolton family on a business management course that puts our students and their needs first; why we have been voted first for Student Satisfaction for the past five years**!

Want to speak to a member of our Clearing team? Give us a call on 01204 903030; we are happy to help!

Come and enjoy #UniAsItShouldBe! 
 
*The Times and Sunday Times – 2022 – Northwest 

**Complete University Guide – 2023, 2022, 2021, 2020, 2019 – Northwest