10 answers
Natalie
Student
7
Questions
Asked
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What are the math classes or degrees required to be a manager or run your own small business?
I may or may not have questions to your answers. Thank you for your criticism and advice.
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10 answers
Rebecca Tang
Banking
1851
Answers
Hong Kong
Updated
Rebecca’s Answer
Thank you for your question. I am glad to hear that you would like to become an entrepreneur or manager. Have you thought about what industry you would like to start your business?
Below are my suggestions:
1. Think about what industry you have interest or strength
2. Do some analysis on the industry eg entry criteria, competition status, any alternative or substitute, etc.
3. Maths may not be the most important for entrepreneur. Take some industry related courses and management courses
4. Work in the industry some time to understand the business model and establish people network
5. Start the business online first if possible
Hope this helps! Good luck!
May Almighty God bless you!
Below are my suggestions:
1. Think about what industry you have interest or strength
2. Do some analysis on the industry eg entry criteria, competition status, any alternative or substitute, etc.
3. Maths may not be the most important for entrepreneur. Take some industry related courses and management courses
4. Work in the industry some time to understand the business model and establish people network
5. Start the business online first if possible
Hope this helps! Good luck!
May Almighty God bless you!
Fred Rosenberger
Data Analyst
477
Answers
St. Louis, MO
Updated
Fred’s Answer
There are no requirements to run your own business. You just...start running it.
A basic understanding of math is important for everyone. Classes in statistics may help, but I know many managers who have never come near a stats class.
There are also different kinds of managers. When I worked at a book store, there was the store general manager, and two assistant managers - one in charge of merchandise (ordering stock, making displays, etc), and the other in charge of operations (scheduling, hiring/firing, daily assignments). The latter probably had more mathy stuff to do, but not much.
A basic understanding of math is important for everyone. Classes in statistics may help, but I know many managers who have never come near a stats class.
There are also different kinds of managers. When I worked at a book store, there was the store general manager, and two assistant managers - one in charge of merchandise (ordering stock, making displays, etc), and the other in charge of operations (scheduling, hiring/firing, daily assignments). The latter probably had more mathy stuff to do, but not much.
John T. Irwin
Solution Consulting
1
Answer
Houston, Texas
Updated
John T.’s Answer
Hello,
Alongside the fantastic guidance you've already received, I'd suggest incorporating some accounting classes into your studies. This will equip you with the necessary skills to handle the financial side of your business, particularly bookkeeping. When you're just starting out, funds for additional support like this can be scarce.
It's a great idea to pursue a business degree as your primary or secondary major. This could be coupled with any other degree that aligns with your specific business interests.
Always remember, your determination and spirit are your most powerful tools. Best of luck on your journey!
Alongside the fantastic guidance you've already received, I'd suggest incorporating some accounting classes into your studies. This will equip you with the necessary skills to handle the financial side of your business, particularly bookkeeping. When you're just starting out, funds for additional support like this can be scarce.
It's a great idea to pursue a business degree as your primary or secondary major. This could be coupled with any other degree that aligns with your specific business interests.
Always remember, your determination and spirit are your most powerful tools. Best of luck on your journey!
Thank you! I have always been very determined.
Natalie
Sarah White
Owner Operator
4
Answers
Fairfax, Virginia
Updated
Sarah’s Answer
A basic understanding of micro and macro economics can be helpful. For most businesses inventory and ordering is important so anything that helps you to be able to do these things such as statistics and algebra will be helpful.
It is also important to be comfortable with Excel or Google Sheets and how to do formulas.
It is also important to be comfortable with Excel or Google Sheets and how to do formulas.
Holly Sutton, PMP
Project Manager
2
Answers
Hackensack, New Jersey
Updated
Holly’s Answer
As everyone else has said, there are no specific requirements and lots of people learn about the business side of things after they decide to open their own business. That said, I would recommend learning some basic accounting. This will help you to understand cash flow and profit & loss statements and allow you to better see the health of your business. Good luck to you!
Thank you!
Natalie
Swathika Senthilkumar
Sales Operations Analyst
8
Answers
Chennai, Tamil Nadu, India
Updated
Swathika’s Answer
Hello Natalie, to the best of my knowledge, there's no specific math curriculum necessary for launching a business. Typically, a Bachelor's in Business Administration (BBA) or a Master's in Business Administration (MBA) are the primary degrees for management. However, these qualifications aren't compulsory for initiating your enterprise. To kick-start your venture, all you require is passion, a viable concept, vitality, a bit of savvy, and an abundance of dedication and hard work. I wish you the utmost success in your future pursuits. It's truly commendable that you're already contemplating the idea of owning your business. Applause to your entrepreneurial spirit!
Loved reading this, thanks!
Natalie
Biplab Panda
Engagement Director
116
Answers
Atlanta, Georgia
Updated
Biplab’s Answer
Hi Natalie,
It depends on what field you are entering, but a good understanding of economics, accounting, corporate finance, and algebra will help you manage any business!
Good luck!
It depends on what field you are entering, but a good understanding of economics, accounting, corporate finance, and algebra will help you manage any business!
Good luck!
Connor Mickle
AUDITOR
2
Answers
Orem, Utah
Updated
Connor’s Answer
Hey Natalie!
The degree needed for a manager role depends on the industry. Some fields, like retail, might not require a specific degree, while others do. Check job postings on sites like Indeed or LinkedIn to see what's needed for roles you like. Experience is key, so practice management skills now by leading school projects or asking your boss to manage small tasks.
If you plan to run your own business, consider studying Accounting or Finance. Many startups fail because of cash flow issues, and having financial knowledge helps prevent problems like not being able to pay required expenses (such as employees, rent, etc.) or missing financial misconduct (i.e. a bookkeeping for the owner/business stealing money).
The degree needed for a manager role depends on the industry. Some fields, like retail, might not require a specific degree, while others do. Check job postings on sites like Indeed or LinkedIn to see what's needed for roles you like. Experience is key, so practice management skills now by leading school projects or asking your boss to manage small tasks.
If you plan to run your own business, consider studying Accounting or Finance. Many startups fail because of cash flow issues, and having financial knowledge helps prevent problems like not being able to pay required expenses (such as employees, rent, etc.) or missing financial misconduct (i.e. a bookkeeping for the owner/business stealing money).
Prenier Shanyisa
Global HR Practitioner
1
Answer
Nairobi, Nairobi County, Kenya
Updated
Prenier’s Answer
That’s a wonderful question! It’s great to see you thinking ahead and exploring how education can help you reach your goals. 🌟
To manage or run your own small business, you don’t necessarily need a specific math degree, but having a strong foundation in certain math skills can be incredibly helpful. In high school, classes like Algebra, Geometry, and even Statistics will give you the basics you need to handle business finances, budgets, and data. If your school offers Business Math or Accounting, those would be especially relevant.
If you decide to pursue further education, degrees in Business Administration, Finance, or Economics typically include math-related courses like Financial Analysis, Statistics, and Business Calculations. These will help you learn how to make informed decisions, manage money wisely, and plan for growth.
That said, running a business is about more than math! Communication, problem-solving, and creativity are just as important. So, explore a mix of subjects that challenge and inspire you. And remember, you’re already on the right path by asking thoughtful questions. Keep it up—you’ve got this! 💼✨
To manage or run your own small business, you don’t necessarily need a specific math degree, but having a strong foundation in certain math skills can be incredibly helpful. In high school, classes like Algebra, Geometry, and even Statistics will give you the basics you need to handle business finances, budgets, and data. If your school offers Business Math or Accounting, those would be especially relevant.
If you decide to pursue further education, degrees in Business Administration, Finance, or Economics typically include math-related courses like Financial Analysis, Statistics, and Business Calculations. These will help you learn how to make informed decisions, manage money wisely, and plan for growth.
That said, running a business is about more than math! Communication, problem-solving, and creativity are just as important. So, explore a mix of subjects that challenge and inspire you. And remember, you’re already on the right path by asking thoughtful questions. Keep it up—you’ve got this! 💼✨
Suzanne Panzica
Logistics and Customer Experience Director
3
Answers
Richmond, Virginia
Updated
Suzanne’s Answer
Hello Natalie,
Understanding both Micro and Macro Economics is crucial as they provide a fundamental comprehension of business operations and the influence of global economic conditions on your enterprise. I've discovered that statistics is an invaluable tool for grasping the significance of data-driven decision making, as opposed to relying solely on intuition.
It's also essential to become proficient in Excel, as the formulas used in this software are mirrored in numerous systems. This knowledge not only saves time but also provides insightful interpretations of your data outcomes. In my management career, I've found that Algebra hasn't been necessary. Wishing you all the best in your endeavors!
Understanding both Micro and Macro Economics is crucial as they provide a fundamental comprehension of business operations and the influence of global economic conditions on your enterprise. I've discovered that statistics is an invaluable tool for grasping the significance of data-driven decision making, as opposed to relying solely on intuition.
It's also essential to become proficient in Excel, as the formulas used in this software are mirrored in numerous systems. This knowledge not only saves time but also provides insightful interpretations of your data outcomes. In my management career, I've found that Algebra hasn't been necessary. Wishing you all the best in your endeavors!