If you are interested in starting your own business, getting a college degree can aid in that process and propel you forward. Business administration curriculum gives you a solid foundation and a set of tools to pursue your dream with. Look to these three business majors for the skills needed to become an entrepreneur.
International trade practices, international marketing and international banking and finance are just a few of the subjects you will cover with a concentration in international business. Understanding global supply chains and operating dynamics is key if you want to start an import or export company. Many manufactured goods are produced outside of the United States because the cost is cheaper. For entrepreneurs, knowing which countries to have products produced in is important for building a fledgling business into a force in the marketplace.
By majoring in accounting, you learn how to prepare and interpret financial statements. This is an invaluable skill for a business owner because you have to steer your company in the right direction using your financial data. Many small business owners start out by doing their own bookkeeping, which saves them time and money that can be reinvested in the business. Understanding profit margins, cost of goods sold and ledger maintenance gives you a better chance of succeeding.
As a management major, you learn a wide variety of subjects that give you the tools to manage people in your business. Time management is critical for entrepreneurs and can mean the difference between success and failure. Knowing how to deal with people and get them to work in unison is critical. Management classes teach you the nuances of everything from human resources to interpersonal communication.
These three college majors are ideal for those looking to become entrepreneurs and build a sustainable company. Contact us for additional information on getting your degree and taking your first steps toward starting your business.
1. According to the passage, what can assist those who want to start their business?
A. A college degree related to business administration.
B. People with business majors.
C. Resources that can propel them forward.
D. Skills of pursuing their dreams.
2. Which of the following subject will you learn if you major in International Business?
A. International Finance.
B. International Trade Practices.
C. International Marketing.
D. All of the above.
3. What’s the benefit of learning accounting according to the passage?
A. You may use your financial data to direct your company.
B. You can prepare all the statements by yourself.
C. You will have more money to invest in your business.
D. You will be more likely to make a fortune.
4. As a management major, you know ______.
A. the difference between success and failure
B. how to manage people in your business
C. how to deal with your potential customers
D. the nuances of communication
5. The writer of the passage is probably a(n) ______.
A. ambitious investor
B. training agency
C. managerial staff
D. college admission officer