Our society has been conquered by the essentials and applications of business. Each day, we are involved in a business practice wherein we can be either the consumer or the enterprise. This is because we usually engage in a transactional service where we are going to purchase or seek a service that sustains our basic needs. Our lifestyle has been developing into a competitive business environment because we always ensure that the environment that we associate our practice becomes relevant to every business practice. As a result, businesses become influential to our society because we are able to involve ourselves in a trade where we are going to improve our lifestyle. This is why many are starting to learn the basic principles of business.
Why I do want to study business? This is because someday, I want to become a successful entrepreneur in the future. I will be responsible for establishing and managing my own business, which provides a relevant stature to fulfill my dreams and aspirations as an entrepreneur. As a business person, I will become a proud entrepreneur that endorses my own brand to the public. And who knows, my brand becomes an international household around the world if it will be launched successfully. Being involved in the marketing business enables me to explore the strengths and weaknesses of every product or service that are being promoted to the public. In this case, I will be able to set my goals on a regular basis to ensure that I can identify target markets that are potentially productive than areas that are not that competitive enough to establish a business.
Studying in business takes a long time to master the principles and fundamentals of engaging in an efficient and accurate entrepreneurship. There are multiple concepts and applications that you should be absorbing and appreciating with the help of your entrepreneurs. After graduating your dream course, it is time for you to launch your own business while you are still young. This is because you will be able to increase the investment potential of the brand that you are endorsing so that it can grow into a competitive business to target markets. After graduation, it signals that I am already prepared enough to establish my own brand and introduce myself to my future competitors. Other companies may regard my brand as a neophyte because it is new and with a few patronizing consumers. Soon enough, my brand will grow to become a conglomerate in the future.
It is important to ensure that having an efficient business foundation enables my skill and knowledge to become successful business entrepreneurs in the future. It is important to regularly conduct a feasibility study so that you are able to identify the strengths, weakness, opportunities, and threats that confront your brand in the future. Studying the components of marketing strategies is beneficial because you are going to identify the role of the bargaining power of consumers and raw material producers. In this way, the fundamentals of establishing a business become strong enough to withstand any challenges that might harm the business environment. As a result, the business structure of the company becomes stable and can weather the financial challenges to keep the company consistently stable with its local and international transactions in the long run (Needles & Powers, 2013).
- Needles, Belverd E. & Powers, Marian (2013). Principles of Financial Accounting. Financial Accounting Series (12 ed.). Cengage Learning