Archive for the ‘Future business’ Category
Does the college prepares entrepreneurs to succeed? This question arose after reviewing recently published an infographic by comparison site called CreditDonkey credit cards. Among the fun facts include: More than half of business owners have a college degree, agreeing with survey data recently published by the U.S. Census Bureau
Of the U.S. labor force, less than half of the workers have a college degree, 25 percent have only a high school diploma, while another 19 percent attended but did not graduate from college, according to the Census Bureau.
Entrepreneurs tend to be rebellious, and perhaps many rebel against structured environment to spend four or more years sitting in classrooms. Many prefer to be generating and making money instead of full-time study.
In addition, business owners are significantly higher on average, close to 50 years, according to a 2009 report published by Network Solutions. Students who are entrepreneurs can now take advantage of the abundant resources offered by their university, including business incubators, mentors and connections to potential funders. Moreover, as businesses increasingly rely on technology, an advanced degree in college can give the employer an advantage.
Do you think a college degree is important for entrepreneurs?
We are getting dangerously close to the dreaded “financial plan” of our business plan. As we continue studying, the market should get to know some terms related to economic and financial performance of our future business.
This new section has become to some economists is not even trying to do a course in accounting and finance. I think the most successful is that eventually, we delegate these functions in personnel prepared for it (an advisory, for example).
However, it is essential to know and understand the financial economy of a company in order to make correct decisions.
I decided to start with the assets and liabilities because they are terms that we find very often. They are accounting terms that are used to determine the real estate business through the balance sheets.