The primary benefit of studying business management is that it can equip entrepreneurs, owners and managers with essential business skills and knowledge. Those with no formal business training might be ill-prepared to handle tasks on the business side of the venture, such as creating a business plan, accounting and negotiating. Studying business management can improve a business owner's ability to analyze data, improve financial decisions and make better predictions about the future.
Without a business education, you often don't know what you don't know. Studying business can advise you of what to look for, watch out for, and plan for, so you can be proactive instead of reactive.