2 answers

What are some ways I can start to be an investor or a business owner?

Updated New York, New York

I ma a Finance major and I wan to know ways I can succeed at getting internships during and after college? #finance #university #investing #business #entrepreneurship

2 answers

Alberto’s Answer

Updated Pittsburgh, Pennsylvania

Hi Prince,


Great to hear that you are thinking about your future. Please think about what sort of career do you want to have. You will do great and have opportunities to intern and get a full time. I would suggest that you go out there, have coffee chats with the "elder's" and hear about what they love and dislike about their careers. With time, you will have built an network of mentors and friends and a general idea on how you life will play out.

Alberto recommends the following next steps:

  • Reach out to school alumni that are working in the field of interest.
  • Be thankful of their time and ask your questions.
  • Always send a thank you note and keep in touch with the one's that you like the most. Update them.
  • Practice the basic financial skills, like understand the financial statements and read companies 10-k's.

G. Mark’s Answer

Updated

Let me answer this in the most practical way I can. Obviously, if you have a lot of disposable income, you can just go out and buy a business. But from a realistic point of view, I'll give you the "real" answer. Most of us with a business inclination would like to succeed financially to be able to support the business, rather than investing a lot for amusement. So a responsible person should first create a business plan. This is a document that describes you goal, why it's important, your plan to achieve it, and convinces others that your idea is worth risking their money on it. If you are willing to do due diligence -- i. e. are serious enough to investigate the problem you're trying to solve, can convince yourself first that it is possible, and can muster enough evidence to convince others, that is how you become a success investor in your own or anyone else's business idea. The great part about this is that most folks who have any idea what you're talking about can provide great input. Either you can convince your target audience or you can't. And in each case, that's valuable information that can tell you what to do next. I spend hundreds of hours teaching college students about this, and it all boils down to one thing. Is it worth enough to you to do this first step thoroughly?

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