Article by Ken Sundheim

An entrepreneur must have a hybrid of skills to succeed and to successfully grow a business as well as sustain that growth. Businesses are living, breathing creatures and must be fed more and more revenue to survive.

The minute that the “Beast” witnesses prolonged famine, it shrinks then, within time, the entrepreneur gets tired and the company dies. To combat this potential failure, the business owner must become multifaceted – a chameleon of sorts.

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Question by chris j: Business Marketing Education and Knowledge for Entrepreneur, which is best: college or self-teach?
I want to be a serial entrepreneur, or aka create many products and sale them to other companies. More specifically a Marketing Product Design Production Company, yea a mouth full I know. But here’s the problem… I want to master the art and knowledge of Business Marketing, and I mean literally. I want to know every possible thing about business marketing. So much that I want to get a PhD in it. But here’s the problem, the time, energy, and money invested into getting this education, could I get this on my own by “self-teaching” as to reading materials, or doing things that were similar of the students would be doing in classes of their masters/phd programs for business marketing. I don’t need a masters/phd honestly, you know the piece of paper saying I have a masters/phd… but knowledge for me I want and need the knowledge in order to master this area, and as my company will be extremely focused in marketing, I could efficiently run my company to the maximum level I want and need it to. Could you help with any kind of advice? Any advice is appreciated!

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The reason I would like to know is because, I want to know just how much of a necessity is it to know economics if one were to start their own business.

Whether it’d be macro or microeconomics, let’s say that the individual doesn’t know both. But however, they have the skills & knowledge of all the aspects to run a business. Let’s just assume that this is the case.

Would knowing economics be of any use? If so, what can economics do to help excel the business?

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being paid more? Just what do you have to offer? Doctors, lawyers, entrepreneurs, all possess some knowledge or skill that has a value. Why do people keep saying that the rich don’t work and gain their wealth off the backs of the poor? Of course a smart man would not have to do manual labor and the same goes for a stupid man. People earn what they are worth.

I have the entrepreneur spirit and mind set. I have the business I would like to start, I don’t know how to go about making my dream a reality! I know very little about the process. I do have accounting skills to help me!

…so they can grow up to be efficient workers, entrepreneurs, managers, etc, ready in all respects to take on the world? Observed many young ones cannot do simple things!

Appreciate any positive or creative answers!

As a landlord (entrepreneur), I want to buy either a commercial building or multiple houses to rent out/lease.

*which is better profit wise?

*do i need a degree to get properly educated on this subject?

*i need to make more then enough money to live on and save.

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