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What Skills do I Need to set up my own Business?

One of our College values is enterprise – which means that we support you to turn your ideas into a reality. If you are a Business student, you may be interested in learning more about setting up your own business. You will want to know how we are supporting you in developing the skills you need to get started.

Finance

As a business owner, you will want to know how you are going to make a profit. You will need to plan, organise, and control your budget to ensure that the business can run on a day-to-day basis.

As your business grows, you will be able to employ somebody who is able to do this for you, but you will want to have the basic knowledge to ensure that you can make important business decisions.

Marketing and Sales

To promote your business successfully, you will need to know how to advertise your products and services. Whether it’s upskilling in social media marketing or learning how to network with clients and other business owners, there are many ways you can ensure that your business is reaching the right people.

These skills will also allow you to ensure you are providing the most popular products or services, that are going to make sure that you are maximising your success.

Project Management

Throughout your business course, you will learn how to take a project from a concept to execution. As part of this process, you will learn how to set tasks and get the most out of your team.

Each year, our Business students plan their own careers fair, liaising with external companies and promoting it in the College. This experience is an inspiring and vital opportunity to give you the chance to run a project from start to finish.

Time Management

As with any course at College, you will learn to effectively manage your time and ensure that you complete your work in the most efficient way possible.

The time management skill is extremely important to any business owner, as you will need to prioritise your tasks, be punctual and plan your employees time too!

Leadership

Whilst some people may be natural-born leaders, there are certain leadership skills every business owner needs to develop.

A business course will give you the basic skills you need in order to be confident with your decisions and be able to ensure that your team are effective and make the most of your guidance.

How can College help me set up my own business?

Whatever you study, many of our students have the ambition to set up their own business one day.

Our Information and Guidance team run regular workshops with industry professionals, that can teach you the skills you need to set up your own business. From budgeting and finance, to social media and promotion, the College is in full support of your turning your dreams into reality, and excelling in a career that you enjoy.

Find out more about our alumni entrepreneurs or get started on applying for a Business course that suits you.