thedarkknightess · 8 years ago
Hi. How many years of college has she attended? If she's about to finish it, I suggest she continues there and focuses on business later. Studying on your own has lots of plus sides, I know, but is also very difficult, because... you know, life happens. And if you start working then you'll procrastinate studying. Has she talked about this with her professors? They might provide good advice, too.
myballsitchstill · 8 years ago
There's a lot more information needed. I analyze businesses as a hobby, and you haven't given any info about what she wants to do. Having he college degree helps a ton when you're managing your own business, IF it's a business degree. If she's majoring in art history, that's not going to help her open a food truck, but it would help a lot with opening an art gallery. The basic info we need are: what is she studying, how far along is she, how much does school cost, what kind of business is it, what area will her business be in, does she have the start up capital? I'm sure there are 1,000 more questions, but those will give a start.
immenseburping · 8 years ago
@thedarkknightess @myballsitchstill
Woah, didn't expect a reponse. But I got updated with what my friend's sister is planning to do. She's about to go into 2nd year college but it looks like she's taking a gap year due to health problems (Her heart has two inflamed valves) medical bills were high and she was worried she'd been using too much money. She's really serious about the business and yes I told her to talk to it to her professors and get good advice from the people around her. The business she wants to make is a restaurant but the all around concept is really simple. Simple look, food, etc. she just needs to take into hand the more technical stuff like employment, and accounting etc. And she's taking entrepreneurial management but she plans on shifting because the course tuition is high. She really had her reasons. And its not like she isn't doing anything on her gap year. In fact she's doing everything to make what she's dreamt of a reality.
immenseburping · 8 years ago
Thanks for your responses BTW. My friend is also really thankful because he's really trying to help his sister out and so do I. Hope you both have a nice day.
myballsitchstill · 8 years ago
If she's taking a gap year, what I recommend is not starting her business yet. Go get a job at a small restaurant that is somewhat similar to what she wants to open. This will give her a chance to see every aspect that goes into the business. Be upfront with the management and tell them she wants to learn every thing she can. With that attitude she shouldnt have trouble getting a job. That will give her a chance to see and understand how the business works, and since it's not her business if something screws up she's not out all that money. Most good managers will share all kinds of information and really help her get started, especially if they're also the owner. she'll see all the areas she doesn't know and have a chance to learn about them. If there are huge holes in accounting, staffing, supplies, food costs (which kills tons of restaurants, including my brother in law's) or supplier relations, she can wither go back to school to learn about those things.
immenseburping · 8 years ago
@myballsitchstill
Thanks! I'll tell my friend these things and talk to his sister about it. Hope you have a nice day.
immenseburping · 8 years ago
BTW I have question. Is it better for her to continue the entrepreneurship program (with high tuition) or transfer to a different business course (like, management instead with a lower tuition) is there, like, a huge difference between the courses and which would be better and if a management course would still help someone build a business?
myballsitchstill · 8 years ago
It depends on what she needs. I've graduated from a public university and a private graduate school. Both provided a decent education, but how good her education is all depends on the amount of effort she puts into it. If she just shows up to class and listens, she won't get everything out of the course regardless of which school/program. If she's going to invest a ton of time understanding her weaknesses and learning about those area (reading textbook, researching more on her own, and participating in class) she can get a great education from both. I found that the more expensive school had a better name for networking purposes and asked had more in depth and complex discussions in class, but you can still get a great education from a publis cheaper school (or even learning herself). I would have her talk to people in the industry, and at any potential schools to help make her decision.