Building Your Resume.

Building Your Resume

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     Building your resume can be a scary thing. Wanting to add too much, not having the correct format, and even not knowing the information employers want to know are all common issues many students face when trying to build a resume. Keeping it simple and  relevant are the two of the easiest ways someone can improve their resume without sacrificing much information.

     When it comes to information on a resume many students have issues deciding what and what not to add. Experience is always one of the most important sections on a resume and usually the first place an employers eyes go when handed this very important piece of paper. Relevance is the key to this section. Only the most recent and most relevant experiences are important here. Career centered internships for example, are an extremely good way to easily build your resume as well as build your skills which will come in handy if you get the job you are applying for.

     Relevant course work is also a good way to show a recruiter that you are able to handle the job at hand. Being able to show that the 4 years spent at a university involved more than art and gym classes can be a big part in what sets you apart from the stack of resumes sitting on a desk. Having broad knowledge of many different subjects, as well as specialized knowledge in your field shows a well rounded individual who has a lot to offer.

    Study abroad trips are another way to show that you are not the average student. Traveling and learning in a new place shows that you can handle changes and adapt quickly. It also shows that you go above and beyond and gain as much experience as possible when the opportunity presents itself.

    All in all relevance and simplicity are always a good way to start when trying to decide what to and what not to put on your resume. Keep in mind that this one piece of paper sets you apart from potentially hundreds of other candidates from the same major. This should be shown by experience, knowledge and a good impression of your personality through what you have chosen to do with your life. This one piece of paper could be worth millions of dollars over a lifetime so take your time and gain experience you can be proud to put on your resume!

Done by: Alex Comstock

Investment Finance.

Financial analysis is the process of evaluating businesses, projects, budgets and other finance-related entities to determine their performance and suitability. Typically, financial analysis is used to analyze whether an entity is stable, solvent, liquid or profitable enough to warrant a monetary investment. When looking at a specific company, a financial analyst conducts analysis by focusing on the income statement, balance sheet and cash flow statement.

Financial analysis can be conducted in both corporate finance and investment finance settings. In corporate finance, the analysis is conducted internally, using such ratios as net present value (NPV) and internal rate of return (IRR) to find projects worth executing. A key area of corporate financial analysis involves extrapolating a company's past performance, such as gross revenue or profit margin, into an estimate of the company's future performance. This allows the business to forecast budgets and make decisions based on past trends, such as inventory levels.

In investment finance, an outside financial analyst conducts financial analysis for investment purposes. Analysts can either conduct a top-down or bottom-up investment approach. A top-down approach first looks for macroeconomic opportunities, such as high-performing sectors, and then drills down to find the best companies within that sector. A bottom-up approach, on the other hand, looks at a specific company and conducts similar ratio analysis to corporate financial analysis, looking at past performance and expected future performance as investment indicators.

Done by Yue Yang

Starting a Business.

http://englishbookgeorgia.com/blogebg/starting-a-business-you-need-these-3-basics/

     Starting a business is something I have always wanted to do. My grandmother owns her own and she made it look like a piece of cake. I was just going to take the necessary steps and there you have it, I have a business. I, however, wasn't sure of those necessary steps I needed to take. I thought you could get a business started in no time. From an article talking about the length of stating a business, it stated that it could take a business with no employee etc, longer than a month to get started (Murray 1st para). On the other hand, it takes somewhat close to a year to get a business started with employees etc. Although I knew businesses weren't easy obligations in general, I never knew it would be so difficult to just things in motion. The article states tasks which the longest time are getting a bank loan and finding a location. I guess it was interesting to learn due to my grandmother owning a business. I believe it would be wise to speak with her on these subjects because now that I think about it, she has a bank loan and my understanding will be more personal. "It ALWAYS take twice as long and costs twice as much as you think it will. ALWAYS. So double the time and double the money, and you'll be close. Maybe." (Murray 2nd paragraph)

Citation:
Murray, Jean. “How Long Does It Take to Start a Business?” The Balance, About, Inc., thebalance.com/how-long-does-it-take-to-start-a-business-3974594. Accessed 26 Feb. 2017Murray,
 
Done by Amos Ray IV

Building Wealth at a Young Age.

 Building Wealth at a Young Age

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Although it is much easier to grow your wealth when you are receiving a steady income, a good start can be made at a very young age. Investments tend to be a scary topic especially to the financially uneducated. Following simple rules however can secure wealth for the future and give you peace of mind while doing so.

Find a broker you can trust. This person will be handling you money and potentially a lot of it.

Finding someone who you can trust and who has a good reputation will greatly decrease your stress level as well as increase your chances of growing your wealth in a safe, efficient way. Researching brokers and meeting with them before you invest will give you a good deal of knowledge as well as options about who to go through when it comes time to invest.

Start investing young. Even small amounts of money invested at a young age can expand surprisingly quick if placed in a well managed mutual fund. For example, Joe can start saving and investing at age 19. He can invest $2000 every year until he turns 26 and not save another penny for the rest of his life. John can start investing at age 26 and invests $2000 every year until he is 65. In a standard mutual fund that earns an average of %12, Joe will have $2,288,996 at age 65 while John will only have $1,532,166. While both amounts are a very large amount of money, Joe only invested a total of $16,000 while John invested over $75,000! When it comes to investing, timing is everything. Even without a large amount of money, saving young will pay off greatly in the long run.

Be Hands on with your money. Although it doesn't usually pay to constantly pull out and go back into different investments, keeping in contact with your broker can be very helpful. Monitor your investments and keep track of what you did right as well as what you did wrong. This will always help in future investments and business deals down the road.

By: Alex Comstock

                           Ramsey, Dave. "Stratogy for Success." Ramsey Solutions (n.d.): n. pag. RamseySolutions.net. Web. 20 Feb. 17.                                                 

Corporations in Business.

http://www.sandiegobizlaw.com/wpcontent/uploads/2012/04/canstockphoto61483731.jpg


Corporations are designed to have an unlimited lifetime. A corporation is the most complex kind of business organization.
Corporations can sell stock as a way to raise money. Stock represents shares of ownership in a company. Investors who buy stock can trade their shares or keep them as long as the company is in business.
A company might use some of its earnings to pay dividends as a reward to shareholders. Or the company might reinvest the money back into the business. If shares lose value, investors can lose all of the money they paid for their stock. But shareholders are not responsible for the debts of the corporation.
A corporation is recognized as an entity---its own legal being, separate from its owners.
A board of directors controls corporate policies. The directors appoint top company officers. The directors might or might not hold shares in the corporation.
Corporations can have a few major shareholders. Or ownership can be spread among the general public. But not all corporations are traditional businesses that sell stock. Some nonprofit groups are also organized as corporations. Groups are also organized as corporations.

Done by Yue Yang

Prompt 4: Observing the community (IBO).

  

http://msuibo.com/category/blog/page/6/

   Clubs and organizations are all around such a massive university. A person can find their niche very easily and feel right at home when they're hundreds of groups devoted to one activity. The International Business Organization otherwise known as the IBO here at MSU looks at ways to get involved around campus while still maintaining references to the international aspect. After attending one of the meetings, I was well aware on how to increase my cultural awareness. One of the speakers present displayed her cultural skills by being knowledgeable in all aspects. She showed us how she struggled here at MSU but still managed to get her doctorates and also travel the world while doing so. Before I attended the meeting, I wasn't aware of the actual traveling they do such as a corporate business meeting to Toronto and also fun events like going to a Pistons game. I thought it was just a boring business organization at MSU before I attended the meeting but boy was I wrong. Everyone there was highly enthusiastic and driven to want us to join the IBO and they sure caught my attention with the information provided. I definitely plan to continue being a part of such a nice organization at Michigan State University in diving in my niche.

Done by Amos Ray IV

What You May Not Know About Your Rich Uncle

What You May Not Know About Your Rich Uncle

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Most families or individuals know at least one relative or family friend who seems to have a substantial amount of money. In reality there are many things we don't know or assume incorrectly about your average millionaire.

http://www.businessinsider.com/what-you-dont-know-about-millionaires-2014-10

This article accurately represents many millionaires in the United States. Millionaires, for the most part act much more conservative than media portrays. Many millionaires are millionaires because of the money that they save rather than the money they make. Cathy McBreen, who has been conducting polls on our nations richest families for many years says that "most millionaires spend more on charity than bling."

  

The article shows many key points that millionaires have in common. College education, hard work, seeking help from experts, and being hands on with their money. Although there are exceptions with everything, fallowing these guidelines can substantially increase the likelihood of becoming completely financially independent.

By Alex Comstock

Citation

       Weston, Liz. "5 Things Most People Don't Realize About Millionaires." Business Insider. Business Insider, 23 Oct. 2014. Web. 12 Feb. 2017.                                                 

Prompt 3: Practicing Knowledge

             Find a job relate to your major will help a lot

Data analyst refers to different industry, specializing in industry data collection, sorting, analysis, and make industry research, evaluation and prediction based on the data of professionals. This can help people improve the ability of data analysis and gain a lot of experience.

As a data analyst needs to understand the business, management, analysis, tools, and design. It helps people develop their various skills in invisible. Although this work is very hard, it can exercise and improve your abilities. What’s more, it is more useful than books we learn, because you need to be more focused, more serious and responsible when you work in a company. At the same time you may be have certain pressure. It also exercises a person’s psychological quality. However, we can just learn the knowledge in the books and we don’t have a chance to practice.

Job as a data analyst can exercise a person many skills. These are all valuable experience for a person to do business in the future. Not only can improve their professional knowledge, enrich their knowledge and experience, but also can enlarge the connections. Last but not least, working as a data analyst in a company can practice your professional knowledge. It will help you use them more quickly and proficient. All these things will good for you to start your own business in the future.


Done by Yue Yang

Customer should always be first.

https://www.washingtonpost.com/national/jeff-bezos-on-post-purchase/2013/08/05/e5b293de-fe0d-11e2-9711-3708310f6f4d_story.html

     A customer is always important in any business perspective. Customers are the driving forces in the success in a business as well. From an article discussing Jeff Bezos, founder and CEO of Amazon, you'd think as a CEO you should care about your competitors more than your customers. If your competitor puts out something really top-notch, you would want to one up them by making something bigger and better right? Wrong. The article shows how Amazon focuses more on the customers rather than their employer. Jeff Bezos stated in a 2015 letter, "Many companies describe themselves as customer-focused, but few walk the walk. Most big technology companies are competitor focused. They see what others are doing, and then work to fast follow." From this statement, Jeff Bezos shows most companies are more competitor based which means they value what their competitors are doing too much. If companies are more focused on their competitors, they are really missing the point of a business. Companies should be more customer-focused since they are the ones who are going to buy their product and pretty much determine if their company thrives or falls where it stands. People should definitely take note and look more into what Jeff Bezos is saying since he is the 5th most wealthiest man in the world from the Forbes 400.

Article Citation:
Mullaney, Tim. "5 Key Business Lessons from Amazon's Jeff Bezos." CNBC. CNBC, 25 Jan. 2017. Web. 12 Feb. 2017. <http://www.cnbc.com/2016/05/13/5-key-business-lessons-from-amazons-jeff-bezos.html>.  

Done by Amos Ray IV

Prompt 2: Defining Ethics

Business Ethics

http://smallbusiness.chron.com/six-characteristics-ethical-business-22401.html 

     When thinking of an ethical field, business is not usually on the top of the list. The reputation of used car salesmen, lying stock brokers, and cheating accountants isn't usually a good one. However, this reputation only represents a small number of business men and women. The article above accurately shows what it takes to have ethics in the business field. Although it may not always be easy, it always pays to be ethical, especially in business.   

    

                        

    

     Personally ethics play a large role in my life. This makes it easy to transition my personal ethics to the business field. As the article states, "business ethics starts at the top." If the high up CEOs and other management positions do not have ethical views the company or business with follow in the same deadly footsteps.
By: Alex Comstock

Businesses are structured in different ways to meet different needs

The simplest form of business is called an individual or sole proprietorship. The proprietor owns all of the property of the business and is responsible for everything.
For legal purposes, with this kind of business, the owner and the company are the same. This means the proprietor gets to keep all of the profits of the business, but must also pay any debts.
Another kind of business is the partnership. Two or more people go into business together. An agreement is usually needed to decide how much of the partnership each person controls.
One kind of partnership is called a limited liability partnership. These have full partners and limited partners. Limited partners may not share as much in the profits, but they also have less responsibility for the business.
Doctors, lawyers and accountants often form partnership to share their risks and profits. A husband and wife can form a business partnership together.
Partnerships exist only for as long as the owners remain alive. The same is true of individual proprietorships.

Done by Yue Yang

IT in the Business World.

https://thenextweb.com/insider/2016/07/05/understanding-impact-ai/

  Many employers are recognizing how important business is in every work environment.  People in IT departments need to know how business works just like the management needs to know as well. They need to go hand in hand with their work. From an article discussing IT departments possessing business knowledge, it's clear that business is completely evolving. The fact that people in IT have to now know marketing techniques instead of just basic technology support shows how our world is shaped by business and also technology.  CIOs (Chief information officer) are more prone to hire someone with a background in business for their IT department rather than someone with just exceptional tech skills. It's crazy to think you're a good candidate for the job then come to find out you're just one step behind due to your lack of business skills. I wonder are other departments the same when it comes to hiring someone. I guess if you don't know business, you can't effectively do your job.

Article Citation:
Newman, Daniel. "The Changing Role Of IT In The Future Of Business." Forbes. Forbes Magazine, 28 July 2016. Web. 05 Feb. 2017. <http://www.forbes.com/sites/danielnewman/2016/07/26/the-changing-role-of-it-in-the-future-of-business/#521f882f619e>. 

Done by Amos Ray IV