Most businessmen will often tell you that theoretical knowledge in business studies and management will often do nothing but act as simple decorations; that actual experience is the only way to properly learn the way to do business. There is obviously some, or if not, complete truth in this statement, for the many entrepreneurs that you see make the global rankings are often college (or even school) dropouts and other similar individuals with no real academic background. Accordingly, many people try to emulate these millionaires and billionaires in hopes of replicating their successes: some succeed to a generous extent, many others fail, and maybe one or two do indeed succeed in achieving the impossible. Thus, you might also want to add the factor of luck, which every entrepreneur agrees that is an important quality (that sadly you cannot control or learn).
However, many people forget that there are many well-learned academics in the business and economics-related fields that do indeed establish flourishing businesses. If you were to ask some of these individuals, they will not deny that their theoretical knowledge has been of use, perhaps in the most unexpected circumstances. This is where you ought to understand what you should: you should take the middle road if you want to start a business and be a successful entrepreneur. And what does that exactly mean? Simply to not fully become an academic in business management-related fields, nor to randomly try your hand at running a business all of a sudden; instead, you take a small business management course and establish a small business with that limited academic knowledge and practical knowledge you gain from the course. Courses such as the certificate iv small business management have been established on the basis that theory alone or experience alone are risky for an entrepreneur.
They intend to impart both theory and practical knowledge of running a business to aspiring entrepreneurs and thereby allow them to successfully establish small businesses. Most of these courses are in fact coached one-on-one by experienced and successful entrepreneurs, who can give valuable advice and intuition into reading economic factors and moods of the market. The success of these courses has been such that many developed countries – and even developing countries – nowadays subsidise institutions providing these courses in hopes of stimulating stagnating economies worldwide.Therefore, if you are also aspiring to be a fellow businessman in the unforgiving world of business, know that there are different ways to survive as an entrepreneur. You can increase the chances of your success by first enrolling yourself in a few courses such as the ones described above; or you can thrust yourself in with no experience whatsoever. It is not too hard then, to know which the better option is.