Starting a Business – Do You Need a Business Degree?

Dear Liz,

So, last year I got it into my head that I wanted to start my own business. The pandemic upended everything, and I lost my (pretty well-paying, btw) job as a retail buyer right at the start. It was fine because my husband and I had considerable savings, and as an attorney, his job proved recession-proof. So I figured, okay, let’s make this into an opportunity, and started thinking about finally opening my own bakery. I love baking and I’m legit really good at it, and I think I’ve got a good head for business resting on my shoulders. I co-managed a pizza place for a couple of years out of college. But I’m applying for business loans for some startup capital, and I’m getting really in my own head about never getting a business degree, and without my job, our savings have taken a big hit. It feels like such a risk. Am I making a huge mistake?