If you’ve ever thought about getting into the field of business, right now is a great time to do it. Why? Because when it comes to business growth, Miami is outpacing the country. In fact, the rate of new business establishments here in South Florida was double that of the national average. That puts Miami at number eight on the list of top-growing metro areas, according to data from the Miami Urban Future Initiative.
The best place to start is with a business management degree, but even courses in business management can be helpful. Because of their popularity, these courses are offered at almost every institution of higher learning and many can be taken online at a pace that fits into your current career and family life. Before you take the dive, though, you might be interested in knowing what to expect to learn in these courses. Let’s take a look.
A typical business management course will delve into subjects like these:
One of the most important parts of running a business is knowing how to find the right people and how to hire (and sometimes fire) them. Human resource topics in business management courses focus on how to advertise an opening, the vetting process for hiring and how to adhere to all the rules and regulations that govern these practices.
Management is a broad topic and it may get more detailed coverage in other courses in a business management degree program, but an introductory course will cover some of the basics. This includes how organizations are structured, how to act ethically within a business and different styles of management. Perhaps more importantly, these courses often give aspiring managers the skills they need to understand people, how to interact with them and how to motivate them.
As a business manager, the buck stops with you and your decisions may very well be the difference between sinking and swimming. Business management courses can teach you techniques for rational decision-making including ways to stay calm under pressure, weighing pros and cons and finding professional guidance.
Starting a business is no easy task and it can be filled with potential pitfalls. Business management courses often touch on the entrepreneurial side of business. This can include coming up with ideas for a business, gauging the viability of a product or service, sizing up the competition and navigating the legal logistics of a startup.
Businesses don’t last long without customers. And getting customers to look at your business means marketing to them intelligently. Classes in business management help students understand how to market their products using advertising, social media, promotions and more. Coursework may also cover store design and psychology, especially for running a retail business.
Perhaps the most important subject that a business management course covers is leadership. Above all else, managers are leaders and their abilities in that role will ultimately determine their success. Business management courses require a fair amount of group work, including leading mock projects that will teach you how to motivate others to work toward a common goal.
Soft skills are things like communication, creative thinking, networking, time-management and emotional intelligence. Regardless of the business career you plan to enter, fostering skills like these may be more important than knowing how to balance a spreadsheet. Business management courses can offer unparalleled experience and ultimately, a major advantage.