If you own and run your own company, you’re probably like a lot of other business owners in that you’re very invested in running your business well, getting results, and achieving successful growth and advancement.
However, if you got into running your company with no previous education or experience in a related field, it can be all too easy to reach a point where you feel that you have given it your all and you’re not sure what to do next to take your company to the next level.
If you have reached this point, maybe you feel under pressure and that you will need to spend some time improving your own business skills and knowledge to take your business further.
The good news for business owners is that getting a business or business-related degree has become easier than ever today, with a range of online program options that make it easy for you to study from the comfort of your office or home.
You can get a bachelor’s degree in business to go over the basics and boost your knowledge and credibility as a business owner or depending on your level of education and/or experience, consider getting an advanced qualification such as the MBA or DBA.
While studying, you then have an opportunity to expand your knowledge and skills and apply them to your business as you go. But, studying while running your own business is a huge commitment of your time, so here are some key things to be aware of before you get started.
Choosing the Right Degree
With so many business degree options available to study online today, choosing the right degree program is essential for your future success. You will want to find a university that is experienced with the delivery of online learning while offering a business course that is suitable for you.
Research the degree courses on offer and spend some time comparing your options to determine which one is going to be the most suitable for you based on your level of experience, past qualifications, future goals, and study needs and requirements.
If you already have a business degree and lots of experience as a business owner, an advanced degree course such as the doctor of business administration from Aston University could be the ideal option for you.
Create a Dedicated Study Space
Studying for an advanced business degree online can be a lot of hard work, especially when you need to prioritise running your business at the same time. Bear in mind that studying from home or the office can come with its own set of distractions. Even if you live on your own, you might be surprised at how easy it can be to get distracted by the TV or even by your household chores.
If you live with a family, it can be downright impossible to try and study in a communal area in the home such as at the kitchen table. Because of this, it’s worth considering if you are going to be able to set up a dedicated area in your home for studying.
You can do this by converting a loft or garage space into your office, using a conservatory, working from a spare bedroom, or using a corner of an existing room in the home that doesn’t get used all the time so that you can study quietly and without distractions when needed.
Start Planning Your Schedule Early
One of the best things about getting an online degree while running your own business is that this type of course is much easier to fit around your schedule.
But since running your own business can also be flexible, it can sometimes be very easy to end up procrastinating or putting things off until the last minute just because you can. The best way to make sure that you avoid this is to get started as early as possible with putting together a study schedule that works well for you.
A fully-flexible online program allows you to study in the early mornings, evenings, on the weekends, or even on your lunch break depending on what’s most suitable for you. Spend some time going over your current schedule to determine the best times for you to study.
With a plan in place from the beginning, you can make sure that you have some much-needed structure to stick to, and that you have a plan in place to prevent you from falling behind.
Take Regular Breaks
Running your own business can be a full-time job like no other. Along with probably working longer hours than everybody else in the business, the business owner will often find themselves working on the weekends or passing up opportunities to take a holiday from time to time. Throw studying for a business degree into the mix, and you’ve definitely got a lot of work on your hands. However, working all the time is not healthy for anybody.
If you’re not taking regular breaks, you are at a huge risk for entrepreneurial burnout, which is only going to harm your business further in the long run. Ultimately, making time to take regular breaks and focus on making sure that you are able to relax and wind down when you need to will leave you feeling more refreshed and better able to take on the workload in the long run.
Get the Right Support
Running your own business while studying for an online business degree will often mean that you will need to think about getting some additional support. Whether that’s support in your personal life from friends and family or extra support with running your business, the more people around that you are able to delegate tasks to and avoid doing yourself, the better.
As you study for a business degree, it becomes even more important to let go of some control and develop your delegation skills, finding the right people for certain tasks, and freeing up your own time.
Studying for a business degree can be an ideal way to build the knowledge and skills you need to succeed as a business owner, but successfully getting your degree will take some planning ahead.