Dismiss Notice
Visit Interview Feedback to view and submit interview information.

So... Entrepreneurship minor?

Discussion in 'Pre-Dental' started by Dgeorg6, Jul 26, 2011.

  1. Dgeorg6

    2+ Year Member

    Joined:
    Jun 21, 2011
    Messages:
    516
    Likes Received:
    19
    Status:
    Pre-Dental
    Hello,
    I am a biology major planning on going to dental school and possibly ortho after.. I plan to open a private practice once im done, so my question is this. Will an entrepreneurship minor help?
     
  2. Note: SDN Members do not see this ad.

  3. little Buddy

    2+ Year Member

    Joined:
    Aug 2, 2010
    Messages:
    753
    Likes Received:
    7
    Status:
    Dental Student
    I would say it couldn't hurt as long as there are a few accounting, finance, professional sales, BCOM, and an IS courses in there. Dentistry is about business just as much as healthcare, which is why it is so attractive as a profession. I took a few entrepreneurship courses and they essentially push us to start thinking like business owners instead of employees. But in the end, I kinda fee like this is natural, so learning the basics of managing your books and introducing yourself to the professional selling environment will benefit more. :thumbup:
     
  4. UCLAzy

    5+ Year Member

    Joined:
    Mar 24, 2009
    Messages:
    730
    Likes Received:
    5
    if you have to minor in entrepreneurship, you're doing it wrong
     
  5. Dgeorg6

    2+ Year Member

    Joined:
    Jun 21, 2011
    Messages:
    516
    Likes Received:
    19
    Status:
    Pre-Dental
    I'm just trying to do a minor that will give me some greater knowledge of what to look forward to. An entrepreneurship minor at my school is basically 18 hours of Management classes.. While a business minor deals with ISDS\Finance\Accounting\MAnagement classes
     
  6. jeffity

    7+ Year Member

    Joined:
    Oct 23, 2009
    Messages:
    2,536
    Likes Received:
    258
    Status:
    Dentist
    18 hours of management is going to be kind of a joke. If you're set on a little preparation for business, it sounds like the business minor is better. My suggestion is that you don't burden yourself if you're not going to get all As in these classes or if it will interfere with your major. I'm just not a fan of this minor stuff anyway.

    Also bear in mind that a lot of what you learn in the books is often far from what the real world is like. You'd almost be better off being a part-time assistant manager at a fast food or retail establishment.
     
  7. theilleztpaki

    7+ Year Member

    Joined:
    Aug 19, 2007
    Messages:
    185
    Likes Received:
    0
    Status:
    Non-Student
    :thumbup:
     
  8. little Buddy

    2+ Year Member

    Joined:
    Aug 2, 2010
    Messages:
    753
    Likes Received:
    7
    Status:
    Dental Student
    Plus 1 to that. Working in retail can be very entertaining or a total nightmare. The best is when someone asks "where the green stuff is" meaning treated lumber lmao. I love weekend warriors and redneck contractors!
     
  9. UCF FINatic

    2+ Year Member

    Joined:
    Apr 30, 2011
    Messages:
    217
    Likes Received:
    2
    Status:
    Pre-Dental
    I am actually a Business Management major with an entrepreneurship track. It has really helped me out a lot as far as legality issues, business plans, how to get financing, etc. If you want to open your own practice I would recommend taking some entrepreneurship classes.

    I have found that most of the "useful" business knowledge hasn't come from traditional classes, but the entrepreneurship classes. These classes will teach you the what, the why, and the how regarding business which is invaluable. Also just be careful when you sign up for an entrepreneurship class because they tend to be very, very involved. While easy (for the most part) they consume a lot of time; for instance I have been working on a 40 page Business Plan during a six week summer class.
     
  10. lululime

    2+ Year Member

    Joined:
    Aug 14, 2010
    Messages:
    379
    Likes Received:
    1
    Status:
    Dental Student
    I'm sure schools would want alumni who can run a successful practice or two, and not just be book smart. =)
     
  11. jeffity

    7+ Year Member

    Joined:
    Oct 23, 2009
    Messages:
    2,536
    Likes Received:
    258
    Status:
    Dentist
    This is all true. But his only business smarts would come from learning from book. And while it might help him a tiny bit (textbooks are usually outdated and this will be 5+ years down the road at least), he's hardly going to be equipped to open up a practice. I'm not discouraging from minoring, I'm just putting it out there that it's not all that useful. I'm sure fellow individuals with business degrees who have worked in the real world will agree with me.
     
  12. sacapuntas

    sacapuntas Verified Account
    2+ Year Member

    Joined:
    Feb 25, 2011
    Messages:
    1,544
    Likes Received:
    110
    Status:
    Dental Student
    I have a major in business with a minor in service management. I can say without a doubt, 2 months into my professional career after college I had already learned far more than my 4 years of college.

    My point being this, look for a part-time job at a small business in the summer or during the school year if you really want to learn something about business.

    I would recommend not working a restaurant or retail, as this won't teach you nearly as much as working at a small professional business where you report directly to the owner. This could be working at a print shop, industrial distributor, florist, insurance agency, really anything. I say this because if you work directly for the owner you will learn more about how to manage a staff, money, marketing, hiring, firing, and who knows what else.

    You will be wasting your time trying to learn entrepreneurship in college IMO.
     
  13. toothhornet88

    7+ Year Member

    Joined:
    Feb 6, 2010
    Messages:
    378
    Likes Received:
    26
    Status:
    Dentist
    I agree! Im also an Entrepreneurship major with minors in Biology/Chemistry and I will say that Entrepreneurship classes are the ones that offer real life situations. The other practical business ways you have to learn from experience. I have been working for a pediatric dentist for over 4 years and let me tell you I have learned so much both dental wise and on the business/accounting side! But EXPERIENCE is by far the best way to learn!
     
  14. Dgeorg6

    2+ Year Member

    Joined:
    Jun 21, 2011
    Messages:
    516
    Likes Received:
    19
    Status:
    Pre-Dental
    So, do most of yall agree that taking classes on entrepreneurship and small business management and etc.. would be more valuable then taking a finance/accounting/marketing class.. etc?
     
  15. sacapuntas

    sacapuntas Verified Account
    2+ Year Member

    Joined:
    Feb 25, 2011
    Messages:
    1,544
    Likes Received:
    110
    Status:
    Dental Student
    If you have no background in accounting, I would say at least 1 accounting course could be useful. Other than that, yes.
     
  16. UCF FINatic

    2+ Year Member

    Joined:
    Apr 30, 2011
    Messages:
    217
    Likes Received:
    2
    Status:
    Pre-Dental
    Most entrepreneurship classes will teach you finance, accounting, and marketing. Two classes that I took which I would recommend would be the classes entrepreneurship and business plan prep. If you take those two classes they will teach you everything you need to know about business and being an entrepreneur.

    I recommend those two classes because in a business plan you have to write about your company's description, industry anaylsis, marketing analysis, develop a marketing plan, management team and company structure, operations plan and product/service development plan, and financial projections, etc. More importantly though you will learn the practical applications for instance my teacher specifically told us to try to get an outside company to do your company's accounting as most successful small businesses do. So you could take a accounting class and learn bits and pieces about accounting or you can take an entrepreneurship class and learn how to integrate accounting into your business and/or how it will directly effect you. Hope that helps!
     
  17. sacapuntas

    sacapuntas Verified Account
    2+ Year Member

    Joined:
    Feb 25, 2011
    Messages:
    1,544
    Likes Received:
    110
    Status:
    Dental Student
    I think you are speaking like a student, and don't know how much knowledge you are actually still missing. This is like thinking learning how to perform a wisdom tooth extraction through a powerpoint presentation and thinking you are capable of being a oral surgeon.

    A class focused on entrepreneurship is going to be teaching you with a very broad brush. There are concepts that will be entirely missed. And the truth of it is, you can learn about making business plans all day but that doesn't really matter when it comes down to running a business. Experience is king here.

    Learning 'bits and pieces' of accounting is critical for communicating with an accounting firm should you chose to outsource it. You can't talk effectively if you don't understand the language.

    What did you learn in your class about integrating a 3rd party accountant into your business other than it is a good idea and many successful small business do this?



    I think overall, spending too much time on entrepreneurship or business courses is going to waste your time as your goal is to be a dentist. You can learn so much in a very short time as an associate after you graduate dental school, way more than you ever will in class.
     
    #16 sacapuntas, Jul 27, 2011
    Last edited: Jul 27, 2011
  18. UCF FINatic

    2+ Year Member

    Joined:
    Apr 30, 2011
    Messages:
    217
    Likes Received:
    2
    Status:
    Pre-Dental
    I have worked almost 8 years at a Fortune 500 company and while that experience has been invaluable I still think the entrepreneurship class is more than worth taking. Yes, you will pick up bits and pieces by working for a company but entrepreneurship covers a lot more than just that. I am not saying you need to take an entrepreneurship class to be successful, but it certainly would help.

    Most successful small businesses outsource their accounting because it would be too time consuming to do it themselves. Additionally, most small business owners do not have the accounting knowledge to be able to do their own accounting. You can outsource the accounting aspect of your business relatively cheaply too.

    "Learning 'bits and pieces' of accounting is critical for communicating with an accounting firm"
    This would be considered finance. Accounting is compiling the numbers whereas finance is interpreting the data, etc. They cover both accounting and finance to the degree you will need it as a small business owner in an entrepreneurship class. I do agree with you that taking an entrepreneurship class will only get you bits and pieces of business aspects, but in my opinion the pieces they do cover are the most important. The bang for your buck/time in a entrepreneurship class is worth more than any other business class I have personally taken.
     
  19. sacapuntas

    sacapuntas Verified Account
    2+ Year Member

    Joined:
    Feb 25, 2011
    Messages:
    1,544
    Likes Received:
    110
    Status:
    Dental Student

    I understand what you are saying more after this post. This makes a lot of sense:thumbup:.
     
  20. Dgeorg6

    2+ Year Member

    Joined:
    Jun 21, 2011
    Messages:
    516
    Likes Received:
    19
    Status:
    Pre-Dental
    Thanks for the insight guys.. I was thinking about minoring in entrepreneurship but now i think il just dabble in some entrepreneurship classes that deal with small business management and such.. and i looked at some and they involve marketing/financing/accounting aspects in them so that seems perfect.
     

Share This Page