Can I Start a Business With a Psychology Degree?


Martha Robinson

As someone with a degree in psychology, you may be wondering if it’s possible to start a business. The answer is yes, it is absolutely possible! In fact, the skills and knowledge you gained during your studies can be incredibly valuable when it comes to starting and running a successful business.

Understanding People

One of the key skills that psychology majors develop is the ability to understand people. This is an invaluable skill when it comes to starting a business – after all, businesses are all about people! Whether you’re trying to understand your customers’ needs and preferences or managing a team of employees, your psychology background will come in handy.

Effective Communication

Another important skill that psychology majors develop is effective communication. Whether it’s through written or verbal communication, psychologists need to be able to convey complex information in a clear and concise manner. This is an incredibly useful skill when it comes to running a business, as effective communication is key to building strong relationships with customers, employees, and other stakeholders.

The Business Side of Things

Of course, starting a business also requires some knowledge of the practical side of things. While your psychology degree may not have covered topics like accounting or marketing in detail, you likely have some basic knowledge that can be built upon.

  • Marketing: As a psychology major, you likely have some understanding of human behavior and motivation. This knowledge can be incredibly useful when it comes to developing marketing strategies that resonate with your Target audience.
  • Accounting: While accounting may not be your strong suit as a psychology major, there are plenty of resources available for learning the basics.

    Plus, there are many tools and software programs available today that can help simplify accounting tasks.

  • Entrepreneurship: Finally, there are many resources available for learning about entrepreneurship specifically. From books and online courses to networking groups and mentorship programs, there are many ways to gain the knowledge and skills you need to start a successful business.


In conclusion, starting a business with a psychology degree is definitely possible. In fact, your understanding of people and effective communication skills can be incredibly valuable in the world of entrepreneurship.

While you may need to learn some additional skills along the way, there are plenty of resources available to help you succeed. So if you’re passionate about starting your own business, don’t let your psychology degree hold you back!