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When going into the business field in college, do they discuss the economic side of starting a business such as loans and investors Or do I have to learn that independently.?
High school student just wondering what to go into.
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Michelle’s Answer
Hello, Jumah !
This is a great question because you are taking the initiative to explore a possible career interest in Business. It's hard to generalize what professors in all Business Departments in all colleges discuss, but you can very well explore on your own, and even now, about how to gather funds to start a business.
If you are considering owning a future business, you can read up about Business Management or even take any business classes that are offered by your high school. That would be a big help in making a decision about it as a career. There are places that people can go to for resources to start a business.
These places exist now, but there may be more or less by the time you graduate college. This is just to give you an idea of where you can explore at any time. For San Francisco, there are the following: Renaissance Entrepreneurship Center, San Francisco SBA Entrepreneurship Center, Center For Entrepreneurship, Small Business Resources - San Francisco Chamber of Commerce, and California Dream Fund Program - California Office of the Small Business Advocate. These sources offer a variety of services and would definitely be helpful to any aspiring business person.
Depending on if your business is a product or service, there are some places that you can learn more about specifically for funding. You can search online for these when you are ready.
So exactly what is discussed or what information is shared with students depends on the college and the professors in the Business Department. They're all different. If it is the funding source part that you're concerned about, going to the websites of the places I have mentioned and doing a search for what you need specifically will bring you in contact with the information you need, even if you are just exploring right now.
This is a great question because you are taking the initiative to explore a possible career interest in Business. It's hard to generalize what professors in all Business Departments in all colleges discuss, but you can very well explore on your own, and even now, about how to gather funds to start a business.
If you are considering owning a future business, you can read up about Business Management or even take any business classes that are offered by your high school. That would be a big help in making a decision about it as a career. There are places that people can go to for resources to start a business.
These places exist now, but there may be more or less by the time you graduate college. This is just to give you an idea of where you can explore at any time. For San Francisco, there are the following: Renaissance Entrepreneurship Center, San Francisco SBA Entrepreneurship Center, Center For Entrepreneurship, Small Business Resources - San Francisco Chamber of Commerce, and California Dream Fund Program - California Office of the Small Business Advocate. These sources offer a variety of services and would definitely be helpful to any aspiring business person.
Depending on if your business is a product or service, there are some places that you can learn more about specifically for funding. You can search online for these when you are ready.
So exactly what is discussed or what information is shared with students depends on the college and the professors in the Business Department. They're all different. If it is the funding source part that you're concerned about, going to the websites of the places I have mentioned and doing a search for what you need specifically will bring you in contact with the information you need, even if you are just exploring right now.
Updated
Rich’s Answer
Hello Jumah!
Very good question and I can relate as I went to one of best Universities in the country for business yet was very dismayed that the knowledge except for accounting was sub par in terms of being successful in the real business world I've come to experience over the last 40 years! In fact my Marketing Professor even failed at running a business in South America! I could even argue that you gain as much or more from liberal arts courses providing balance and knowledge you won't most likely take the time to learn once you graduate. However if you can find classes, professors, extra cirriculars where entrepreneurship is discussed or tried out, that would be excellent!
This is not to say you won't learn from the business classes but ask many questions about success rates and reasons why. Push your professors to be accountable. They can be irrevrant without real risk of failure. I would seek out the references from the above poster but also seek any successful business owners in your network, neighborhood, and they should be more than glad to give you tons of tips to do and not do! I certainly would as I've run several successful businesses. Good luck, your question here is a good sign you won't need much!
Very good question and I can relate as I went to one of best Universities in the country for business yet was very dismayed that the knowledge except for accounting was sub par in terms of being successful in the real business world I've come to experience over the last 40 years! In fact my Marketing Professor even failed at running a business in South America! I could even argue that you gain as much or more from liberal arts courses providing balance and knowledge you won't most likely take the time to learn once you graduate. However if you can find classes, professors, extra cirriculars where entrepreneurship is discussed or tried out, that would be excellent!
This is not to say you won't learn from the business classes but ask many questions about success rates and reasons why. Push your professors to be accountable. They can be irrevrant without real risk of failure. I would seek out the references from the above poster but also seek any successful business owners in your network, neighborhood, and they should be more than glad to give you tons of tips to do and not do! I certainly would as I've run several successful businesses. Good luck, your question here is a good sign you won't need much!
Updated
Udit’s Answer
That's an insightful query. Educational institutions like schools and universities often include economics in their curriculum, but they seldom link it directly to its potential effects on your business operations. Essentially, these topics are addressed, but not specifically in economics classes. Instead, they're discussed in business-related courses. However, the scope of these discussions is often limited and lacks practical relevance. The focus tends to lean more towards theoretical explanations rather than practical applications.