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I’m majoring in accounting. Aftеr I pay off my apprentice loan debt I would like to eventually become an entrepreneur and a philanthropist. Iѕ it naive to hope to make good money in entrepreneurship? I’m starting my first affair class next semester, so I don’t have a affair рƖοt уеt. Anу suggestions or advice?
| Filed Under: Entrepreneur Tagged with business class, business plan, entrepreneur, majoring in accounting, money, philanthropist, student loan debt |
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according to Donald trump only 1 to 2 percent of us is capable of being an entrepenuer.
I have to agree, YOU must posess a "take payment attiude and don’t like obeying others but are VERY self obediant.
I am not sure how a degree in accounting will help you do such that.
I make about 100k with my affair, but it took 4 years to bring it up to that level. The first year was only 5k.
It is realistic. You just need to focus on your goals and ignore 99% of the advice given by people who never owned their own affair.
The first business your gonna need is the plot, the second business is money-seed money. If I were you while you pay off your apprentice loans, place some money away for your affair and make some affair contacts. Your gonna need to know some people with money or people who know people with money that would invest in your company.
Remember 99% of all affair fail in their first year. I know a couple who ran a improv theater and did not receive a paycheck their first year, that guy who 5k his first year did damn well.
Here are your sources of investment money for start-ups.
1. your savings
2. friends and family
3. Network contacts
4. private investors
5.Private equity funds
6. banks.
Banks and private equity funds are your last resort cause banks will require some sort of collateral and will expect their money in less than a year sometimes. Private equity funds will buy a controlling interest in your company and will expect their return on investment in 2 years.
Courses to focus on are affair plotting, financial accounting, cost accounting, brand management, and corporate finance.