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A Student’s Guide to Entering the World of Business

The Path Starts Here


When I Grow Up I Want to be a Business Person Illustrated for Sportademics.com by Len Shalansky Edited and Styled by Jessica Loving

Catamount E-Books www.catamountstudios.com (866) 475-1064 1


Dedicated to James Cote, a family member who exemplifies honest and ethical business practice with superb comprehensive customer service.

Copyright 2009. Sportademics.com LLC This book is available on-line through sportademics. com free to indiviuals for non-commercial, informational use. Contact us by email: charles@sportademics.com or fax: (719) 592-0020.

Published by Catamount E-Books.SAN: 8 5 7 5 6 2 ISBN: 978-0-9822127-6-9

2


What is a Business?

A business is a legally recognized organization designed

to provide goods and services to consumers for profit. Businesses are usually private (non-government) organizations which are an outgrowth of our capitalistic system in the United States.

IOWA COOP

Businesses are of different types including: •

Sole Proprietorship

(a business managed by oneself with personal liability)

• Partnerships

(relationship of two or more with no personal liability)

Corporations with Shareholders

Cooperative

(legal entity with no personal liability)

(legal entity with members having no personal liability)

3

..

ued.

tin Con


Businesses are of Many Types: Agriculture:

Farms and related industries

Mining: Iron ore, copper, gold, uranium, silver Financial: Banks, investment companies

Information Systems:

Software and computers, movies, books, media, sports, TV

Manufacturers:

Cars, refrigerators, furniture

Real Estate: Homes, commercial office, warehouse

buildings

Retailers / Distributors:

Walmart, clothing stores, computers, phone companies

Service Businesses:

Petroleum, food, movies, medical, motels

Transportation: Airplanes, automobiles, trains Utilities: Sewage, heat, electricity

(can be government or private company)

4

e KEEP on th

path


Auditor

nce

administration

tax es

ra Insu

Retail/Whol

esale

Managemen

t

Budget A nalysis

Marketin

g

ces n a n i te F a r o p r o

iness

e bus t a v i r p . s nt v

governme

C

Business Encompasses Many g n i t un o Facets of Our Lives c Ac Hum an

r

eu n e r p tre

En

5

Res

y r o s i v r e p Su our

ces

Information Technology

Don’t

Quit!


What Draws Students to Business Careers? • Lifelong productive profitable

successful career.

• Incentives rewarded for hard work and productivity

• Enjoy the risk / reward / involvement of

free enterprise

Enjoy

the consumer satisfaction from personal efforts

6


OK - I'm very Interested. Where do I obtain further business information ? What skills do I need ? Perform well in acAdemic studies in Middle and High Schools ! Yes - tackle difficult classes - especially Math, English, Languages, History, Writing, and Sciences. Seek to shadow or be mentored by a successful business person, whether a small business or a corporate firm. Work in a business for profit - “hands on experience “ with business people / customers. Get to know and understand the culture of American and International business. Do business terms such as dividends, capital surplus, or net profit interest you? Do you want to supply a good service or product to consumers ?

KEEP AT IT!

Are you a TEAM player ?

7


WOW! BUSINESS is definitely my CALLING! Where do I enroll in college after I obtain my High School Diploma ?

• Evaluate and apply with assistance from guid-

ance counselor, Alumni of Business schools, internet, books, and by asking what are the better business colleges? Are Graduates of this Business School obtaining desired jobs, satisfied with their business education, and accepted into reputable graduate schools (MBA / PHD )? Is this Business School reputably accredited by the Association to Advance Collegiate Business Schools (AACSB) or the Association of Collegiate Business Schools and Programs (ACBSP)?

• Check your finances: Tuition +

Dorm/Food + Books / Computer + Transportation / Clothes / Living Expenses = loans, part time work, scholarship NEEDS

Work within your family’s ability to assist yourself in college - attend the very

best accepted school and obtain the hightest degree possible for Business success.

8

The path .... continues


Degrees?? What do I need for business success ? Associates - two year general business degree - places one above many business job competitors. Bachelors

- standard college degree - a must for management, human resources, and higher corporate positions, and specific degrees such as marketing, finance, management, and accounting.

MBA - the Masters of Business Administration - a must for specific corporate positions (CEO, COO, CFO), teaching, and

respect within Business community.

PhD- PhD- definitely the “think tank” degree - a must for teaching in specific respected business schools and universi-

ties, collegiate level business text authors and business school researchers. Better yet - you are called “Doctor.”

Nice work! 9


What Classes can I Honestly Expect in a Business Major? University Required Core Classes: History Language English Natural Sciences Communications / Speech Writing Sociology Ethics Philosophy Political Sciences Art Psychology ACK!

sTAY ON TR

10


M y G os h!

Here come the Required Business courses! Will I Require Life Support for Calculus ?!

No! Most business majors do get through this class - your professors KNOW you are not a math major. Other business classes are actually TOUGHER ! Business Calculus Finance

Accounting

Economics

Information Systems Equity

Adm

Theory

Computers

Management

Taxes

Marketing

International Business

System Design Behavioral Analysis

Supplies

Graphic Media Leadership

Securities

Business Law

Entrepreneurship

Operations Corporations and Partnerships Planning

11

The

ere

pat

h h is


How am I Guided Through Business School? College Professor with Experience is assigned as a counselor to keep you “ON TRACK.” Pass to the very best of your ability both core and business classes for your diploma. Being Street Smart Assists with college: “Who are the best professors ? “ “Is this class impossible to pass ?” “How much time does this course require ?”

..

ed.

tinu Con

Ask Alumni, Peers, and Fellow Students.

12


Business Fraternities ΑΚΨ & ΔΣΠ

•Alpha Kappa Psi •Delta Sigma Pi Lifetime Relationships with Business Peers

Team Work

Leadership Skills

Corporate Partnerships and Scholarships

Lifetime Education / Seminars

Career Networking Connections

Opportunity to fraternize / socialize / enjoy sports / and “chill” - one cannot study 24 / 7

Research

Ethics

FUN or WORK or DISTRACTION or OVER RATED or CAREER NETWORKING ?

Community Involvement

Job Fair

13


ati

ng

M l busines s ana gem ent

por

eti

smal

Cor

Pur cha sing

rk

sales

Ma

government

How do I Navigate all the Nuances of Business Careers?

Comput

ce

n Fina

ons

ers

Service Sector

Materials and Supplies

Indust

l

ai Ret

HR

ne ur

Insurance

tin

re

Wholesale

un

ep

14

Com p (ind liance Ac ustry an d go co

tr

Audit

s

En

Co

ry

nt

lta

u ns

g

n i r u t c a f Manu

g

vern

men

t)


Your personal Business

Calling!

Do you enjoy numbers or people ?

If you are a “numbers person� you may become a

CPA (certified public accountant / auditor / book keeper / financial analyst, etc.) But if you truly enjoy people you may become a high achieving sales associate, or a high level management person with supervisory responsibilities. Work part time in businesses and your CALLING will unfold, peers will instruct you as to what you are truly capable of becoming, and your college courses will allow you to understand and guide your career path. Utilize your college counselor.

Talk to Business Peers, Students, and Professors. Share ideas. Accounting

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Do I need to Know all the Business Information for my Diploma and Career ?

No!

But the business student definitely needs to know the Business

x + 1 + x

Fundamentals and Standard Concepts for careers, tests,

f (x +  x) - f (c) x

graduate school, and their business diploma.

2 x + 1 + x

16


OK . . .

I’ve passed all my exams and classes. Everyone is here for Graduation.

I'm Done - Right? Maybe - PLANNING for the future is a must depending on your family situation with job or graduate school ? DEAN

Usually working at Business Job concurrently MBA schools are 2 years, MBA or PHD another 2-3 Costs / Family Situation / Motivation / Career Necessity Involves Research, Graduate School Exams Dissertations and Thesis ( Original Advanced Confined Writing) Required for Specific Corporate and Teaching Positions Interdisciplinary - Psychology / Accounting / Economics / Finance

17


I thought I was finished . . . I’m on my way to Grad School and the Corporate World - OOPS - Never forget your family, people in need, customers, and your school.

CS

ETHI

Never Forget Business Ethics.

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When I Grow Up I Want to Be a Business Person