Monday, September 1, 2014

Going into business

I thought about it a lot. I don't know much about business, so why not embark on a journey to learn about it. Maybe perhaps I could build a great business that could rival the Ayalas, the Sys.

I did some asking and did some more. I thought that MBA would be a good education if I would like to get into business. But as I ask more and more people. I came to realize that MBA wouldn't make me a businessman, its more on the skills and experience.

Some people that I respected advised me to just learn accounting, marketing and legal aspects of a business. In which I could enroll to some basic courses. Instead of going into school for 2 years taking MBA.

I am skeptical at first, so I took the plunge and enrolled myself in an entrepreneurship course. In which I find is a lot similar to an MBA curriculum without the 2 years and without the other subjects.

Just on the first day alone, I realized that business people loves buzz words. They like to make things seem... important. I know some fields have this buzz words, but when it comes to business, it seems like the focus is on the buzz words more than the actual principle behind it.

In engineering, you make up buzz words for things that you can not explain, or there are no words that currently describe a phenomena. But in business, why do they have a lot of buzz words for something that is just, profit? Bottom line, net profit, total profit, net income. These are all just money at the end of the day, why do they come up with such words? Why is bankruptcy called chapter 11? Why not just called it bankruptcy and be done with it?

Thank goodness I didn't enroll myself to a 2 year MBA. I might kill myself out of boredom. But! Accounting seems interesting, and I like the idea of putting some case studies into practice. I just don't like to buzz word heavy lectures. It seems fake learning. How could you become educated just by learning another word that describe some words?

The Year End Report Passive Income

The amount of passive income I received this year amounted to: - Stocks & Investments : 413,907 - Passive Business : 144,000 - Renta...