Business and Investment Center

When we were young, we already had an idea of what we want to be when we go grow up. Sometimes, these changes as the years go by. While there are advantages in whatever profession we choose, we should also look at the disadvantages if this for instance will be a career in financing.

What is wrong with financing? If you think about it, nothing given that it is an honest job with a considerable rewards. But not everyone will be able to stay here for the long term which is why you have to weigh the pros and cons.

First, can you see yourself doing mathematical computations and giving advice to someone who is probably earning more than you? The truth is, some people can while others can’t.

The best test of all will be how well you excel in subjects like calculus and economics in school. You have to be able to understand these concepts and then use these tools to your advantage. Then again, there are people who may be good in one subject or both while there are those who will probably excel in other subjects.

Learning concepts is one thing but doing this job every single day is another. A good idea will be to talk to professionals who are already in the financial industry and see how it is working there. Make up a list of questions and ask for clarifications if there is something that you do not understand.

It will also be a good idea to read up on the finance industry so you know what you are getting yourself into 4 years from now once you graduate from college.

If you still choose to have a career in financing, here are some of the disadvantages you will hear or experience. You shouldn’t be discouraged about them but keep them in mind as you are starting your career in finance.

Professionals who have obtained their CPA’s and start work as accountants do not earn that much compared to those who are involved in investment banking and consulting. Also, they handle multiple projects at certain times especially during the end of the financial year or when it is time to file income tax that means overtime just to get the job done.

There is also the pressure given that you are in a fast paced game and you are dealing with other people’s money. If you screw up, this could mean financial ruin for them and you will be hired on the spot. But those who succeed can get a promotion, earn much more than they did before and even get to work abroad.

If you think about it, there are advantages and disadvantages in just about any job or career that you decide to pursue. How you are able to deal with it is the challenge that you will have to face on your own. Those who can stand the pressure will probably stay for the long term while those who don’t will quit and shift into another career.

Doing some research and getting your feet wet will probably give you an idea of how things are like working in the finance industry. This is what on the job training or internships are for so you know what its like in the real world.

With this information, you can then see if the advantages outweigh the disadvantages for you to purse a career in financing.

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These myths have wasted costs companies billions of dollars in settlement money.

Myth No. 1: structure spoil spontaneity.

I once in a two-day long disaster, which cost slightly more than $ 40 000. Thirty people spent the first hour search for a topic to discuss, then spent the next 15 hours arguing about unsolvable problems. When I asked the manager, who convened the meeting, “Where is the agenda?” The answer was: “I did not want to spoil the spontaneity by establishing a structure.”

Reality: If spontaneity were a universal business practices, we would build buildings without blueprints. Of course, does not Smart Business Leader, without a plan.

The Fix: set a goal and then prepare an agenda. Ideally, this agenda should be clear, complete and specific that someone else could use it to get the session have to reach that goal.

Myth No. 2: Since my meeting, I do everything that is to say’s.

Some meetings are run like a medieval court. The chairman sits on a throne, while the verbal subjects to sit in respectful silence. The great orator justifies this with the thought: If the other people knew at the meeting worth nothing, they would be, what the session.

Reality: If you are the only conversation, is that you work hard for it. In addition, recognize that most of the people to protect themselves from extended monologues by her thoughts on a holiday. This means that no one attention to you: You are busy, daydreaming, doodling and dreaming.

The Fix: Convey large amounts of information through a memo or e-mail. Then call a meeting of participants based on driven activities that strengthen test or understanding.

Myth No. 3: Meetings are free.

Most meetings are paid for with soft money. That is, it is money that has already been spent on wages. Furthermore, no purchase is necessary inquiry. No budget must be authorized. All someone has to do is a meeting.

Reality: Meetings are very expensive. You people use the time and salary is the biggest part of running a business. If people keep bad meetings, they waste the most important resource in a company – the time people who work to earn a profit for the company and spend.

The Fix: Design sessions to earn a profit. After all, a meeting of business activities, other than a company picnic.