Roger Pearson | jlsegul
The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man. --George Bernard Shaw

Business Theory vs Business Fact

Jul 2nd 2010 at 4:18 PM

One of the things that I find the most facinating is sitting down and talking to young people who have recently obtained a "coveted" Bachelor of Business degree.  I find that they have learned a whole lot about the history and working of the corporate world.  Essentially, they have been learning in our "great halls of learning" how to climb the corporate ladder.

Fourty years ago, this could find you a good job that would probably provide you with a lifelong career and a decent retirement, but no more.  Corporations are no longer about people.  They are only about the bottom line and our world is worse off for it.

What our colleges fail to include is more instruction on the small business person and the challenges that they will have to face.  One of the biggest challenges you have to deal with is in dealing with the government rules and taxation regulations.  This is perhaps one of the most important areas of knowlege that people need, yet is hardly touched upon in our schools. 

Learning how your business decision need to be tempered in light of how they affect your tax structure is vital.  The absense of that knowledge can cost the new business person hundreds of dollars and possibly determine whether the business itself survives.

Having a good tax advisor and/or learning how  taxes affect your business is one of the best uses of your time and resources that you can ever achieve.

Roger Pearson
The FireStar Institute


Please to comment
Jul 13th 2010 at 1:32 AM by fredds
Wow! You do have some very great eye opening articles. You also don't "beat around the bush," instead you are as blunt as can be. Just to quote you from the above article: "Corporations are no longer about people. They are only about the bottom line and our world is worse off for it." I also like the fact that all is not "doom and gloom" with you as you nicely go ahead and provide a solution urging colleges to include more instruction to the small business person/students on the challenges that they will have to face in the real business world and their solutions. Keep up the good work. I think I shall be a regular visitor to your faceplate - and to make sure I do not forget, I have followed you.

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