BUSINESS MASTER'S PROGRAMS BLOG

Will a Business Management Degree Help You with Your Small Business?

Will an MBA degree help you with your small business? The answer is yes!

Many business professionals find themselves in entrepreneurial roles in the workforce that would benefit from the business management skills that a business management masters degree offers.

For small and mid-sized business owners, gaining management skills quickly can help your bottom line. Business professionals can benefit from implementing the learned lessons from a business management masters degree directly into their small business or even using their own business in case studies and course assignments. An MBA degree can also open the door to a larger organization too.

According to the infographic below, 69% of small and mid-sized businesses (SMB) are predicting revenue growth in 2017, with 12% anticipating growth of 11% or more.

40% of businesses employing 11 – 50 employees feel that the economy is better today than it was in 2016. Their outlook is confident. 42% are looking to increase their IT spending, and 52% plan to hire.

What does this mean? Small business and mid-sized businesses are on the rise. Having the broad business skills taught in a business management masters degree is necessary to take these businesses to the next level.

For those entrepreneurs looking to grow their small businesses, an MBA degree will give you the practical business management skills you need for success. According to this survey, the top challenges facing small businesses are

  • hiring new employees (50%)
  • increasing profit (46%)
  • employee healthcare (44%)
  • growing revenue (39%)
  • cash flow (34%)

Take a look at the infographic below for more information.


Located in the metro Washington, D.C., area, George Mason’s MBA Program, prepares the next generation of business leaders through a rigorous, stimulating business and management curriculum based on a global perspective, industry demand, and leadership. It prepares MBA graduates with the skills they need to pursue the careers they want.

Mason’s MBA program is ranked #53 on the “Best Part-time MBA” list by U. S. News & World Report. Dedicated career services staff offers personalized career consulting services to students during the MBA program and alumni after graduation.


Top Challenges Facing US Small Businesses

Source: http://growmap.com/state-of-small-business-report-2017/

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