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Should I major in business or finance in college if I am interested in selling stuff for profit? #Fall24 #Fall24?

I am currently a junior in high school reselling game accounts and cosmetics.

finance entrepreneur college-majors buisness
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Lynn’s Answer

While I believe both degrees have their merits, a business degree provides a more comprehensive understanding of various business elements such as marketing, accounting, and supply chain management. On the other hand, a finance degree primarily focuses on financial aspects. If your goal is to run your own business selling goods and services, the wider knowledge base offered by a business degree might be more beneficial.

Remember, if you're reselling items, it's crucial to maintain detailed records of your purchase price and profit. This practice will not only assist you during tax season but also enable you to monitor the success and trends of your products.

It's important to keep an eye on all trends, including seasonal changes. For instance, some products may sell better during the holiday season. You should also monitor whether demand is increasing or decreasing, or if your costs are rising, requiring you to increase your prices.

Maintaining accurate records will guide you in deciding which products are worth investing in and which ones to avoid. I wish you all the best in your business venture!
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