Sunday, January 12, 2014

Filled Under:

Forensic Accounting In Law Enforcement

By Franklin Skribbit


Of the many entrepreneurs that have succeeded in their ventures, Jeff Bezos stands in a class of his own. His major claim to fame is being the founder and CEO of Amazon.com, which first started as an online bookstore, and then proceeded to expand into other products. Amazon.com eventually became the largest retailer on the Internet and a prime example for e-commerce.

However, one of the key aspects to starting a business is understanding how important a good start is. Those who start their own businesses often feel pressure to succeed and hit sales quotas because they know that without a strong start, there is a high probability that their new business will fail. If you are planning on starting your own business, read through these tips to make sure your business has a chance.

First, you have to study math as much as you can starting from a young age. If possible, take as many advanced math and computer in high school as you can. Then pursue a Bachelor's degree in accounting. You will want to major in either that or forensic accounting if the major is available. They will teach you the Generally Accepted Accounting Principles (GAAP) that will be necessary to know for any accounting position.

A business plan is not only invaluable once you start your business, but it also helps you plan for the eventualities your business will encounter. While you might be anxious to get your business started, make sure your business plan is solid before taking any steps.

At this point you have a degree and work experience, but now you need to specialize in forensic accounting. You can either apply for government jobs or pursue a master's degree in forensic accounting or business administration with a focus in forensic accounting.

The recent Supreme Court ruling that exempted online retailers from having to collect sales taxes from states where they did not have a physical presence caused his to move to Washington, since the lower population would reduce the amount of people that would need to pay sales tax.

Now that you have passed all of these exams, you can list all of your degrees, titles, and experience on a comprehensive resume that you will give to as many potential employers as possible. Hopefully at this point you have honed your skills as both an accountant and a researcher.

Bezos' genius had a large part to play in the reason why Amazon succeeded. He devised an unconventional business plan which did not expect to make a profit for around four to five years. Stockholders initially complained about this slow growth model, but after Amazon survived the burst of the dot-com bubble at the turn of the century, it became a massive name in online sales.

They can help you know what steps you should take and how to avoid mistakes that they made during their own experience. More than anything else, it helps to build a support network of people who know what you will be going through and how to help. So don't be shy, ask around.




About the Author:







0 comments:

Post a Comment