Things No One Told Me in Things No One Told Me in University About BusinessUniversity About Business

By: Marc BelaicheBy: Marc Belaiche

PresidentPresident

TorontoJobs.caTorontoJobs.ca

About an (Accounting) About an (Accounting) EDUCATION.....EDUCATION.....

Degree/DiplomaDegree/Diploma

Professional Professional DesignationDesignation

Stay in touch with your Stay in touch with your friends/classmatesfriends/classmates

Learn as much as you Learn as much as you can about Accounting can about Accounting and Businessand Business

It’s what you do after It’s what you do after education that matterseducation that matters

About WORK......About WORK...... Keep Resume Up-To-Keep Resume Up-To-

DateDate

Show your interest in Show your interest in work to get promoted! work to get promoted! Do more than what is Do more than what is minimum!minimum!

No job is perfectNo job is perfect

Seek guidance/mentorSeek guidance/mentor

About WORK......About WORK......

Use recruiters to help youUse recruiters to help you

Can do well working for Can do well working for “the man”“the man”

Learn the way companies Learn the way companies operate/why they do operate/why they do things a certain waythings a certain way

Hidden Job MarketHidden Job Market

About STARTING A About STARTING A BUSINESS......BUSINESS......

Start small – Start small – part-time/summer jobpart-time/summer job

Do your research/don’t Do your research/don’t start something on a start something on a whimwhim

Do something you Do something you know and loveknow and love

Learn from all your Learn from all your experience(s)experience(s)

About STARTING A About STARTING A BUSINESS......BUSINESS......

Learn from mistakes Learn from mistakes (past and current)(past and current)

Follow your gutFollow your gut

Get financingGet financing

Underestimate Underestimate Revenues, Overestimate Revenues, Overestimate ExpensesExpenses

About STARTING A About STARTING A BUSINESS......BUSINESS......

Get advice, but make Get advice, but make your own decision(s)your own decision(s)

You don’t need an idea You don’t need an idea that no one else has that no one else has ever done beforeever done before

Understand financial Understand financial statementsstatements

Think Big/ExpansionThink Big/Expansion

About STARTING A About STARTING A BUSINESS......BUSINESS......

You will feel like you’re all You will feel like you’re all alonealone

Understand cash flowUnderstand cash flow

Shoot for the Stars, Settle Shoot for the Stars, Settle for the Moonfor the Moon

Tax system favours Tax system favours Business ownersBusiness owners

About STARTING A About STARTING A BUSINESS......BUSINESS......

Most millionaires own Most millionaires own businessesbusinesses

Understand how Understand how financial info affects financial info affects decisionsdecisions

You will fail – it’s how You will fail – it’s how you bounce back from you bounce back from failuresfailures

Be patient Be patient

About STARTING A About STARTING A BUSINESS......BUSINESS......

Have people give you Have people give you guidanceguidance

Have budgets/targetsHave budgets/targets

Think outside the box – Think outside the box – remember, you’re remember, you’re different!different!

Rich Dad/Poor Dad – Rich Dad/Poor Dad – Robert KiyosakiRobert Kiyosaki

About FINANCES........About FINANCES........

Get your Get your finances/credit in finances/credit in orderorder

Pay off debts as Pay off debts as soon as possiblesoon as possible

Start your RRSP Start your RRSP earlyearly

About LIFE.....About LIFE.....

PoliticsPolitics

Learn to sellLearn to sell

University/College University/College time is the besttime is the best

Be NiceBe Nice

About LIFE.....About LIFE..... Network! Network! Network! Network!

Network!Network!

Have an Open Mind – Have an Open Mind – your Career may go in your Career may go in many directionsmany directions

Follow your dreamsFollow your dreams

Avoid Negative peopleAvoid Negative people

About LIFE.....About LIFE..... Fly with the EaglesFly with the Eagles

Don’t rush an important Don’t rush an important decisiondecision

If you don’t understand If you don’t understand something, asksomething, ask

Take time off/travel to Take time off/travel to clear your mindclear your mind

About LIFE.....About LIFE.....

Have funHave fun

Read a lot about your Read a lot about your chosen career/industrychosen career/industry

Learn from others who Learn from others who have been therehave been there

Create your own luckCreate your own luck

About LIFE.....About LIFE..... People that move up People that move up

are connectedare connected

Be confidentBe confident

Keep Your Life Keep Your Life Simple/Free of ClutterSimple/Free of Clutter

Speak Speak clearly/communicationclearly/communication

About LIFE.....About LIFE.....

Don’t try to keep up Don’t try to keep up with the Joneses – a with the Joneses – a lot of them are broke!lot of them are broke!

Use professional Use professional correspondence in correspondence in business emailsbusiness emails

Set GoalsSet Goals

Questions/Comments?Questions/Comments?About TorontoJobs.caAbout TorontoJobs.ca