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coolio

I've never been too sure about what i want to do with my life after high school, but now I think I know what I want to do. I want to open my own music store some day.<br /><br />I want to know what I should major in in college. I figure business is a give, but are there any other areas that I would need to own my own business? I already have some high school areas of business that I think will help: I'm a member of FBLA which is Future Business Leaders of America; I'm currently taking computer business applications and I plan to take accounting and office management, which would make me a business course completer which looks good on your college application. <br /><br />Also, does anyone know if the University of Arkansas in Fayetteville is good for majoring in business? That's my dream college. I'd also like to live in Colorado, are there good schools there for majoring in business? Thanks for all your help!<br />

bigfish2011

Since you know that business is a given, have you considered what the music store business scene will look like once you graduate from college?

An undergraduate degree should begin to focus your interests and talents towards something you are good at doing, you enjoy, and can allow you to make a living or contribute to society. However, many college grads still don't know what they want to do, work in jobs they don't like, and eke out a minimum standard of living.

Instead of focusing on what to take, focus on what you'd like to take. College is a time to learn about yourself and to channel your energy into an area that will sustain you, financially and spiritually.

Ask yourself, what about the music business do you like. Retail sales of CDs? Music is becoming more downloadable, and CD sales from brick-and-mortar retailers are dwindling fast. Sheet music and musical instrument sales/rentals? Viable as long as kids learn how to play intstruments in school.

If the former, maybe a computer programming course to understand how to digitize music. If the latter, perhaps learning the basics of different instruments and how to play them, or even how to read music.

Lots of unknowns...but you have lots of time to figure it out. Don't worry about after-college career. Enjoy college and learn as much as you can.

Gainer

A lot of problems with starting your own business is the lack of support and knowledge that it takes to successfully start a business. Imagine learning to drive with no parent or no mentor teaching you. All you have are a few books and watching stuff on TV. It's very difficult. It's 1000 times more difficult when starting your own business. That's why a lot of businesses are franchises. What franchises do is provide a system and training to help run and operate your business. Think of Mcdonalds. They are by far the Number 1 franchise in the WORLD and ever in History. The reason for that is because they provide a system to get products fast and cheaply as well as a training program to help the owners operate and run a Mcdonalds.

I have a MBA degree and no single class taught me how to RUN a business. They taught basics of how a corporation works but not my own business. A degree is NOT going to help you with that. Unless there's a class or two specific for business ownership. The problem with owning your own business, especially the first 5 years is that you won't have time to hold down a regular job at the same time. Not only do you have that huge upfront investment, you need to spend almost all your time building your business and usually you won't receive a profit for the first 5 years. And if your business so happens to fail or close, you lose all your money as well as your investment. I'm not saying you shouldn't start a business, just have to be very very careful and educated.

I myself have a regular corporate job and a business outside of that too. The good thing about my business is that it doesn't require a large up front investment nor do I have to quit my job. I think i spent about 200 dollars when I started. And also I spend only 10-15 hours a week working my business. If you're interested in starting any type of business let me know.

200pips

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