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what major in business is for me?

jetblack3sjetblack3s Posts: 97Registered User Junior Member
edited June 2008 in Business Major
hi everyone! first, here is a little about myself to help you to help me: i am going to be a sophomore in my JC starting this fall and i'm still not sure what i want to major in. I really like to run my own business or have my own company instead of getting a job and help other people to make their money. my goal to go to college is to learn the knowledge necessary to operate my own business in the future. I'm not sure what business i want to get in nor what major will suit me best. i don't mind doing double majors, but i want to start off with the right ones. my sister was majored in accounting and she said that i'll be benefit a lot from that major. in this case, what major should i be in? also some recommendation of business school in Cali would be nice... thankx
Post edited by jetblack3s on

Replies to: what major in business is for me?

  • WhadabalaWhadabala Posts: 37Registered User New Member
    Find a college where you can major in Entrepreneurship. Any accounting past basic Financial and Managerial classes will be a waste to you.
  • VectorWegaVectorWega Posts: 1,872Registered User Senior Member
    Well, if you don't know what kind of business you want to start, it is a bit hard to get started. It's also hard to start a business without any capital. So, if you don't have anyone backing you, I'd recommend working for a few years and then starting a business.
  • aj16aj16 Posts: 614Registered User Member
    Yeah I agree...unless you have the resources and personality, i suggest you get some experience in the work force before you go ahead with your venture. Work experience can make a BIG difference in the way you eventually handle your business.
  • jetblack3sjetblack3s Posts: 97Registered User Junior Member
    do you guys all agree that i should major in Entrepreneurship? my parents will help me with funds to get the business going, so money is not that big of a issue. i've been thinking to major in the field that is right for me and find a job to work for couple of years to get more experience. but first, i need to know what to major in
  • ferryboat10ferryboat10 Posts: 636Registered User Member
    Depends on the program. Some programs place a great emphasis on guiding existing entrepreneurs and granting them resources to get started. Without a business idea, you may not benefit from those programs.
    I would certainly take a class, but I don't think a major is necessary or provides much value over most management programs. I would look at schools with good business schools, extracurriculars (networking, networking, networking) and a supportive environment (alumni, entrepreneurship funds, student-run campus businesses).
  • CalcruzerCalcruzer Posts: 4,832Registered User Senior Member
    Some of the top entrepreneurial schools (at the undergraduate level) are Babson, Indiana, and Carnegie Mellon.

    But realize that the points made by others on this board are very valid--that is that it helps to have at least some business experience working for a company before starting your own. Still, you don't want to wait too long to start your own company, because it is easy to get comfortable in a career--and then not do your own business.

    I started my own business--but only after working for others for 25 years. In hindsight, I wished I had started a business of my own much sooner--because I think I would have had more initiative and could have been a lot more successful if I had done this about 10 years earlier. As it was, I still made a very decent living (made about $175K per year while running my own business for about 5 years), but now I'm back working in a regular job for about 4 years--but one that still allows me to travel the globe on a regular basis.

    I've known people that started their own business and were broke in 6 months and I've known people that started their own business and were making $75,000 per day profit (no kidding) within 9 months of starting it up (I actually worked for this guy over 30 years ago while still in college--I was only 20 when I graduated from college). Since I know you may not believe this, let me tell you about this company (see below) Both of these people had really good ideas, but the difference was that the second person had the necessary business experience to know how to make the business successful.

    Here's the guy I worked for (30+ years ago): There were two guys, Louis Carabini and a doctor (I forget his name) who put in $5,000 each to start a firm that would sell American silver coins (prior to 1964 all quarters minted were made of 100% silver, after that (and now) they were copper clad with silver exteriors). Since America was still on the gold standard until 1973, you couldn't sell gold bullion, but you could sell gold coins, which they did (Mexican 50 pesos, Austrian Kronas, American Liberty $20 dollar pieces, etc). Anyway, they sold these as investments. Their sales went from $10,000 per week to $50,000 per day in 1972, which is when I started working there (while a sophomore in college). By 1974, they were selling $9 million a day and the price of gold had gone from $32/ounce to $800 an ounce (it later went back to $400 an ounce by 1975). Anyway, they made 4% on the sale (investment in), and then 4% out (investment out). Thus, they were making $360,000 gross--and $150,000 net--or $75,000 each per day (and remember this was 30+ years ago--so $75,000 then is worth a lot more now).

    The market slowed down, of course, and the firm changed their name (from Pacific Coast Coin Exchange, it's now Monex International), but the firm is still in existence--and located in Newport Beach today.

    P.S. Now that people know I'm in my lower 50s, people will probably never listen to anything I say anymore (and maybe they shouldn't.) ;-)
  • aj16aj16 Posts: 614Registered User Member
    USC also has a great Entrepreneurship major (actually ranked number one by princetonreview) and has churned out some brilliant entrepreneurs in the past.

    On a personal note, howver, I beleive entrepreneuship is definately not something that you need to learn is a college. Its something you need to experience during or after college.
  • jetblack3sjetblack3s Posts: 97Registered User Junior Member
    this is why i hate asking question on board, i ask one question and get many different answer. i am stuck..
  • GreensGreens Posts: 555Registered User Member
    That's because your question was so vague. You haven't given us any details.
    Seriously though..it's common sense. If YOU want to start your own business, you will need work experience and you need to start somewhere. Do you even know what your "business" will be? You need an outline.
  • aj16aj16 Posts: 614Registered User Member
    ^Exactly, vague question = vague response. An entrepreneuer needs an idea. If you have no idea and no direction as to which way to go, how can we possible help you.
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