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|Education, Business, Sci-Fi, Computers|
Business Theory vs Business Fact
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.
The FireStar Institute
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