Assume that you feel you have a great idea for a startup web-based business. You
ID: 1132253 • Letter: A
Question
Assume that you feel you have a great idea for a startup web-based business. You’ve done quite a bit of research and with an investment of $50,000 feel that this business could potentially give you a return of 20% per year on your initial investment ($10,000). The problem though is if you borrow $50,000 for this business you will not be able to continue your education and eventually your bachelor’s degree in business management because you won’t have the money to pay for it. Which investment, in this case, do you think is more important (business or education)? Explain your reasoning in detail.
Explanation / Answer
Ans is business
education is mostly done to get good job. Since the main objective for most of the education is money or income. Also the business management course is mainly for corporate world and thus it is the majorly a good salary or income that incentives people do management courses. However in most scenario people work and then plans their startup but if today only someone is getting a better option for doing business with better return than it's like the ending coming in early years. In simple words finally after doing business studies the main motive is to earn money which can be earned directly by doing business. Then it should be highly preferred.