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Letalis

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Thank you guys for your help. JMandrell mentioned having to take a class in whatever type of company you'll be working for. Is that necessary? I feel like it would severly limit the options of the companies I could work for. What if I wish to work for a computer company, but find a better job at at a software developing company? See what I mean?

And I love golf! :D
 
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Iggster

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There's nothing wrong with studying the company you want to work for.....But you would only do that when you are called for interviews. It's wise to study the company's history so that you can relate it to your job function during your interview.

Here's a thought when you get more experience.....Why work for someone else when you have the knowledge and know how to start your own company?

Another subject you should take a look are the people behind the companies....check out their autobiography....like Andrew Carnegie, Henry Ford, Lee Iacoca. Study their management style and see which one suits you best...:thumbsup:

Just wanted to tease your brain since you're only 16.
 
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Letalis

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Hooch said:
Depends- are you a man or a woman?

There are many ways to climb the ladder :)

I know how the women under me got promoted- literally...
I'm a man. I didn't even realize you couldn't see my gender. I'm gonna go make sure it's up there.
 
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Lacmeh

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You will need the following:
fluency in a language besides English, best would be one of those:
Spanish
Japanese
Mandarin
Russian
French

You will need an degree either in a field related to where you want to work in from an accredited university.
You will need the MBA degree from an accredited university, which has it´s program accredited by the US and European quality bodies (AACSB and EQUIS). You may be allowed to enter the MBA program without degree when you can prove significant managerial experience. Some schools require 2 to 3 recommendation letters before allowing to enter the program. Cost of the program is around 30000US$.
 
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Sors

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Lacmeh said:
You will need the following:
fluency in a language besides English, best would be one of those:
.

Heck fluency in the English language alone is something most people lack. Learn how to use your own language to your advantage before you learn another, although being multi-lingual would be an enormous advantage.
 
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Phylogeny

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Well, saying you want to become a CEO is kind of ambigious. Unlike the science fields or the military, there's no academic pre-reqs for the job, nor is there a strict, hierarchal pecking order. CEOs may only have a high school degree several graduate degrees, it's hard to put down what degrees to do, let alone what college classes to take to become one.

There are a few things most people do who are interested in such a job. Perhaps a business degree like finance or accounting (economics?). After working for a few years, go get your MBA at a good university. But for most successful business people, it's not the academics that matter so much as what you do during work. Doing well in school will only get you as far as your first job, so be aware of that.

Also, if you depend on working for a technology or research company, a technical background would be a big plus. I knew a lot of engineers back in college that were interested in working for IT firms and getting into management, so they doubled majored in business and engineering (like finanace and chemical engineering or whatever). So you are scientifically inclined, go that route, these kids have an advantage when working toward the technical route or the business route. They have a lot more opportunities open for them, and they have solid degrees in both worlds. Ditto for research company (check out profiles of top drug companies, lots of MDs there).

Also, when people are young, I know a lot want to cut their teeth at top companies like Goldman Sachs or Mckinsey, but these companies only take the best from the top business schools. So schools like Wharton (U of Penn), MIT, harvard, yale etc would be good for MBA if you are so inclined. I have a friend applying to them, they are hard to get into, and expensive.

Good luck!
 
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chanis

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Being that I am a business teacher I would reccomend that you start with business administration and that will give you a taste of what is ahead of you. Once you start taking these basic business courses you can begin to specialize in a specific area. It's also good to know the type of business you would want to become ceo of that way you learn the specifics of the industry you are in...
 
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Michael713

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Letalis said:
I was wondering what college courses you think I should take for a career as a CEO (I know, ambitious, right?) Well anyway, what do you recommend?

While I do not have any suggestions for courses, I'll leave you with some interesting points:

Of all the people in the U.S. who are worth a million dollars or more, well over 90% of them are business owners.

Well over 90% of Americans are employees.

What's do they do different? An employee only gets paid for his or her own efforts. A business owner multiplies his or her time and effort (usually through employees, or other business owners if its a franchise).

Does this make the business owned a bad person? No.
He simply uses a better, more powerful vehicle to get to his destination on the road of life.

"Work smarter before you work harder..." - A wise person -
 
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Lacmeh

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That´s not true.
Middle to top management positions make at least a million dollars each year and they are employees, as do consultants, a lot of lawyers...
As executive director you can make several times more money than many business owners.

Perhaps in the past it was possible to rise into a top level position without any sort of degree, but nowadays you need a MBA degree to get considered for such a position. You won´t need to start with an economics degree. Actually it is much better to go for a technical degree first and then acquire the economical skills through the MBA.
When looking for a MBA programme, most important is the accreditation by state and by AACSB and EQUIS. Only an university that is accredited by all three offers an universally accepted quality MBA programme.
 
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Michael713

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Lacmeh said:
That´s not true.
Middle to top management positions make at least a million dollars each year and they are employees, as do consultants, a lot of lawyers...
As executive director you can make several times more money than many business owners.

Perhaps in the past it was possible to rise into a top level position without any sort of degree, but nowadays you need a MBA degree to get considered for such a position. You won´t need to start with an economics degree. Actually it is much better to go for a technical degree first and then acquire the economical skills through the MBA.
When looking for a MBA programme, most important is the accreditation by state and by AACSB and EQUIS. Only an university that is accredited by all three offers an universally accepted quality MBA programme.

That may be true, but I said "worth" a million dollars or more, not make a million dollars or more. The difference between instant gratification and delayed gratification was what I was getting at. Most employees invest in liabilities and not assets IF they invest at all. If an employee that has been with a company 10 years stopped working on Monday, they would lose their source of income. In the right business, the owner of 10 years could stop working Monday and his money is still be coming in for 10 more.

You have two vehicles. One is a land rover and one is a corvette. They're at the bottom of a course called life and the road isn't always smooth. When the race to financial freedom starts, the corvette takes off first (instant gradification) and leaves the land rover behind. However, further down the road it gets bumpy, muddy and rough (kids, college, etc.) the corvette has to slow way down and in many cases even gets stuck and breaks down. Here comes the land rover, slower off the line but able to handle the terrain (delayed gratification), equipped for the course and passes the corvette up and makes it to the end in good condition.

Now a job isn't a bad vehicle for life, but is it the right vehicle for were you're trying to go?
 
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Lacmeh

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How can you invest in liabilities?
Liabilities are the source of funding for the assets.
When earning a million dollars or more after tax deduction, the money doesn´t care where it came from (salaray or dividends out of profit from operations).
When working in a management position or another high paying job, the person has much more liquid ressources or ressources, that are more easily convertibel into liquid ressources.
In addition, if a business owner stops working after 10 years in business, he retains only the net worth of the company and the dividends, the company doesn´t magically create money years after being closed down or sold for the original owner.
 
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Michael713

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Lacmeh said:
How can you invest in liabilities?
Liabilities are the source of funding for the assets.
When earning a million dollars or more after tax deduction, the money doesn´t care where it came from (salaray or dividends out of profit from operations).
When working in a management position or another high paying job, the person has much more liquid ressources or ressources, that are more easily convertibel into liquid ressources.
In addition, if a business owner stops working after 10 years in business, he retains only the net worth of the company and the dividends, the company doesn´t magically create money years after being closed down or sold for the original owner.

Donald Trump was on a talk show a few years back, I think it was Leno. The host asked him "if you were broke tomorrow, were would you start?" and Trump said "I would join Amway" and then something to the effect of "because its the fastest way to generate a lasting income in America." I've sat at the feet of some of the wealthiest Americans who know more about money and prosperity (both spiritually and financially) in their right pinky finger than ANY employee and 99% of the business owners in the U.S. (Bill Britt, Paul Miller, Larry White to name a few). Amway has now "evolved" if you will, into Quixtar which a much more powerful,effective and appealing "Amway" online. Quixtar/Amway is THE BEST BUSINESS MODEL IN EXISTENCE because of its money generating ability and its biblical foundation. I couln't explain to you in a day the greatness and goodness of that business, and even if I did, you probably wouldn't believe it b/c it is unlike anything you've ever heard. Most people would bring more people to Christ in 5 years working that business, than sitting in a Church pew for the rest of their lives. I'm not involved with Quixtar anymore and I'm done talking about this, but if I've sparked your interest go to www.quixtar.com and see for yourself.
 
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