Working Towards A Business Administration Degree - 1992 Words

Introduction Students who are working towards a business administration degree may be considering opening their own business. WAIT a minute; in school students don’t learn how to start a business. Students learn skills in: Math, Statistics, Accounting, English, Economics, and more. Even though they don’t necessary learn how to start a new business, students gain knowledge on necessary skills that they may need to operate a business. When a person opens a business it usually means he/she is an entrepreneur. An entrepreneur is a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so. Sometimes this financial risk can be good or bad. â€Å"Unfortunately 8 out of 10 people who start a business crash and burn within 18 months, this means that about 80% of start-ups fail† (Wagner, 2013). Although starting a business very risky, expensive and can take a long time to develop, but in the end starting a business is d efinitely worth it. This paper is meant to help those entrepreneurs who are unsure about the process and options they may have access to, in order to start that business and take on the risk. In the following paragraphs this paper will go over ways to start a business starting with (a) developing a business plan, (b) building a website, (c) capital, (d) financial (e) establishing customers and maintaining profits. Developing the Business Plan On the way to a successful business, entrepreneurs mustShow MoreRelatedProgram Structure And Resources For Business Administration1515 Words   |  7 Pagesgeneral facts that are good to know when it comes achieving â€Å"the highest academic degree one can earn in the business administration field within the United States and several other countries.† (Schweitzer, 2016) As we dive into the discussions of program structure and resources, allow me to share several insights personally obtained throughout this week’s Case Assignment. What Is A Ph.D. Degree in Business Administration? First, it might be helpful to know that the formal title, Doctor of PhilosophyRead MoreCareer Development And Planning Serves Five Essential Purpose1331 Words   |  6 Pagesof skills, an awareness of what is expected in advance positions. This mentorship will also an assistant in the task of indirect and direct learning. 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