A road paved with t-accounts

kelkel — Thu, 12 Feb 2009 02:46:34 +0000

I’ve always had this vague desire to run my own business. The problem is, it’s business itself that I’m passionate, not any particular craft or trade. That’s why I decided to go into accounting, because you get to work with the foundation and underlying parts of the company that make it all run. Also, in audit, you get to work at several different clients, which suits my attention-span more than committing to my own start-up.

A successful start-up takes a lot of work, dedication, and even then is likely to fail. I honestly don’t feel innovative enough to be an entrepreneur like the guy who started Starbucks, etc.

A lot of the big companies we work on seem to form by just buying up a bunch of other companies, packaging their products together, and not actually making anything new. That takes a huge amount of existing capital though, and of course, you would need to be pretty familiar with an industry to see how to pull off something like that.

If starting a business were something I really wanted to do, I am seeing how working in something like public accounting gives you the opportunity to learn about industries, make connections, and get some real-world experience. So if you want to run your own company someday, here is my vote for majoring in accounting!

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A road paved with t-accounts