What Qualifications Could Help You Run Your Own Business?

Learning is a journey, it never ends. It's part of life and it's part of doing business. Anyone who wants to start their own business from home needs to seriously consider getting some qualifications first. It could be anything that you feel is going to plug the gaps of your weakest areas. It could also just be to help you better your understanding in an advanced way so you can be ready for when the time comes when you need to expand. Listening to podcasts and reading interviews of prominent business people is great and you should be doing that anyway! But nothing can replace the groundwork of business knowledge. So here are some ways you can do this, by focussing on some key qualifications.

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Accounting really helps

Doing house finances is not like doing business finances. You may think that some of your financial skills for doing your taxes and mortgage are transferable to the business. But don’t risk it. You need to learn some very basic but very important things such as payrolling, taxes, expenses, expenditures, hiring, firing, losses, profits, revenue, bookkeeping, cash flow, etc. On 

AccountingEDU.org you can enroll to become a CPA. It is the gold standard when it comes to accounting, recognized in 55 US states and jurisdictions, as well as around the world. A CPA is someone who is higher than a manager-level accountant, so you will learn the all-important techniques of auditing. Since you probably work for yourself, auditing your own business can shine a spotlight on areas that you would otherwise need to hire somebody else to look over. Auditing will look at the effectiveness of financial data gathering, reporting, accuracy etc.

Risk management

Risk management is a very new profession; at least in the light that we know it now. It actually goes back way into the Middle Ages, when Venice and other ports such as Southampton were the epicenters of world commerce. The profession grew into a highly siloed design where risk was given off to the insurance department in a business. But, since about 1994-5 it has become enterprise-wide. So you could learn any number of different risk management techniques and earn various qualifications. Financial risk is very popular, so is cyber risk. You may want to learn enterprise-wide risk management so you can encompass all the areas of a business from reputation protection, competitor risk and people risk. 

The classic PMO

A project management officer is a great qualification that helps you to effectively design your projects, plan them out carefully, and dramatically increase the chances of success completion for each new project you do. A PMO is also a very desirable qualification if you want to be hired specifically as a project manager and or project administrator. It's something that is often seen as the most exciting part of doing business.

These qualifications will each help you in their own ways. Pick one at least, so you have the tools and knowledge you need to make a success out of your own brand. 

This is a contributed post.

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