NEW YORK, NY, September 26, 2014 /24-7PressRelease/ -- College can prepare young people for life in more ways than one. Whilst living away from home and managing a heavy workload brings with them important life lessons, sales and marketing firm Marketing on 6th, NYC believes that the college experience can also better prepare those individuals looking for a career in the business sector, by teaching them vital financial management skills.
For many college freshman, leaving home means that there is no longer an endless pot of money to support them should they come across any unexpected issues. Marketing on 6th believe that the same can be said for business ownership. Business owners must make important and sometimes risky decisions every day to ensure their business is making the most of its funds. Start-ups very rarely make a significant profit in their first few years of operation, spending a large percentage of their budget on creating a positive brand message and building a loyal customer base. Therefore it's vital for start-up owners to realistically plan and budget their business to ensure that all processes are streamlined and cost effective. College can prepare aspiring business owners by allowing them the opportunity to make financial choices and create and stick to a personal budget, which will ultimately give them a greater chance of succeeding in business.
The success of a business relies on the choices made by the business owner, Marketing on 6th, NYC believe that many new businesses fail due to poor decision making and lack of industry support. To help young people take the first step towards independence in both their personal life and career, Marketing on 6th, NYC have shared some valuable advice on how to manage finances at college and in the future.
Keep Finances Mobile
Technology has made it easier than ever for young people to keep track of their finances thanks to mobile apps and online banking services. With many budgeting apps also available, young people can take the hassle out of finances and make the entire process fast and convenient. These services can also help young entrepreneurs keep tabs on their business's budget; therefore it's important for young people to get to grips with them early on.
Be Careful with Credit
Credit cards can seem like a great idea whilst at college; however it's important for young people to remember that their credit score will stay with them for the rest of their lives, and a bad one could impact on their business aspirations. Marketing on 6th, NYC urge young people to do thorough research on annual fees and rewards before signing up for a credit card to ensure they fully understand what they are agreeing to.
Be Smart with Resources
Much like in business, at college there are many cheaper alternatives to essential resources. At college it may be tempting to purchase brand new books from the campus shop; however the mark up is often surprisingly high when compared to second-hand copies. By looking at cheaper alternatives college freshman and businesses alike could soon find it's far easier to stick to their budget than initially thought.
Marketing on 6th, NYC are a sales and marketing firm that specialize in direct event marketing and promotions. The firm build lasting relationships between clients and consumers through creating opportunities for honest and mutual Face to face interactions. This approach allows consumers to feel valued and appreciated and allows their clients to improve and expand their knowledge of their customer needs and values.
About Marketing on 6th, NYC: http://www.marketingon6th.com/about/
Marketing on 6th, NYC offer a range of solutions to help businesses increase their customer acquisitions. The firm uses face-to-face marketing techniques to deliver a high ROI and create long-lasting personalized relationships between brand and consumer.
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