Tag Archives: Education

Education Loan – That Helps You to Complete Your Higher Studies

Before the advent of loan market, people depended on their friends, relatives and money lenders for financial help. At that time, they had paid high amounts of interest for taking debts. Due to the high interest rates, most of the people suffered a lot in repaying their debts. This led them to get drowned in debts deeply and most-often they never came out of their financial crisis. By keeping the financial position of these type of people, most of the governments had taken right steps and started offering loans at low interest loans via government banks. As the loan market is growing day by day, many of the private banks and companies entered in this field to offer loans.

There are different types of loans available in the present day market. These loans can be taken to satisfy either your personal or business needs. Car loans, home loans, educational loans, two wheeler loans and travel loans come under the category of personal loans. Because these loans satisfy all types of your personal needs. To extend your business as well as to start a new business, you can avail a loan from any bank or money lender. These borrowings are called business loans.

Many private and public banks and money lending institutions are helping the students, who want to go for higher studies by sanctioning educational loans to them. To avail these loans, the students are not required to submit any of their property document as a security. Like unsecured loans, anyone can take these loans just by submitting some of the required documents to the lender. These documents include an address proof, proof of the marks list of qualifying exam, admission letter from the institution in which you are going to join, identity proof and some other documents that your lender needs to sanction you the loan. Most of the lenders sanction these loans at very low interest rates. The main advantage of taking educational loan is that the borrowers can repay this loan after the completion of their particular course for which they have taken the loan. These loans help the students to reach high positions and to realise their dreams true.

Home loan is one of the personal loans that can be taken either to renovate their home or to construct a new home. They are the best sources for the people, who can not spend huge amount of money at a time for purchasing a house. Two types of home loans are available in the present day loan market. They are fixed interest rate loans and the floating interest rate loans. This classification has been done on the basis of interest rates of these loans. The borrower, who wants to get a loan for home, he/she should mention the purpose of taking loan clearly. Depending on the income, financial position, repayment capacity, the lenders will decide the loan amount that they are going to sanction. The interest rates of home loans vary from one lender to another.

Just by having a clear idea of the loan market, you can select the best lender for education loans, who offers you loan at a very low interest rate with flexible repayment options.

The Importance of Case Studies in Management Education

If you try and notice the education sphere today, there is a lot of buzz about students enrolling themselves in good established management schools and wanting to acquire their management education. Experts believe this is majorly because of the rising competition in the business sphere. A business school becomes very helpful for students because it has a theoretical as well as practical approach towards the topics and subjects of the student’s choice. These management education courses are practical because they include case studies; that is real life business situations that have occurred in major companies, along with how the company resolved the issues to rise to the top again. This is of tremendous help to a beginner manager while he is learning to apply his knowledge in a way that will get maximum benefits for his company.

After studying a number of case studies thoroughly, the students are assigned projects in order to help them develop various managerial skills like those of leadership, decision-making ability, motivational speaking ability, etc. Thus, management education hugely contributes to the overall growth of an aspirant and converts him into a thorough professional who is ready to enter the business field confidently. This is what gives individuals an edge over the others during job interviews. Thus as a result of all this, there are so many people who want to do courses from business schools.

Why these business schools are different is because they work on the problem areas of the students and teach them take not just decisions but responsibility for them as well. Initially the student is asked only to observe case studies. During this stage, the student learns to investigate and analyze the situation of the company at that particular point in time. The observation skills of the students increase tremendously during this first stage of solving case studies.

Further on, the students are asked to imagine themselves as professionals in the industry and devise solutions for the set of business problems that the company is facing at that time. This is where the students learn to strategically plan and brainstorm with the objective of coming up with good solutions. These projects also help to enhance team building skills of the students. The feedback of the professors who are actually experienced industry professionals lets the students know where they actually stand with respect to the actual business sphere. This is very important because it is a reality check that goes a long way in motivating students to pull up their socks and do all it takes to reach a respectable position with respect to the actual business sphere.

Online Education – Self Assessment

When considering taking online learning courses, it is a good idea to complete a self-assessment of your goals, current skill set, and specifically what knowledge you want to acquire. Once you have completed your self-assessment, you can move to Course Selection. So where do you start? At the beginning of course and this and the next series of articles will take you through the self-assessment process, course selection and the other things you should think about when developing your online Education program.

Goals and Objectives

While you may not need to conduct a self-assessment or Course Selection for one course, you should think about goals if you are considering taking a broad ranging subject (e.g., Personal Development, Personal Desktop Computing, Starting a Small Business, Web Design, IT Certification). You should have both short and long term goals because with any long term endeavor, the short term goals keep you motivated to reaching you long term objective. For example, you are considering starting a new business, setting up a time line for completing the first few courses (e.g., Managing your Business, Raising Financing) and a longer term goal (e.g., Start the business by xx/xx/xxxx). Well arranged goals and objectives will not only motivate you but keep you on track and increase your overall chances for success.

Current Skills

Assessing your current skills are important to both developing your goals and objectives and ultimately, Course Selection. Being honest with your self is also important. First, identify, your advanced skills set. While there is probably more you can learn, you can rely on your current skills in reaching you ultimate objective. For example, in starting a new business, if you have good marketing skills, you would not initially take any advertising or marketing courses. You should focus on the skills you need which you have either a basic knowledge that you will need to know more about to reach your objective. On a very basic level you may need to select the type of business or need to develop your skills in office management or managing a business generally. Now re-review your goals and objective to make sure both are in sync.

Budget

While online education is very economical, you should estimate the cost of your Course Selection and the time frame you are expecting to take them. Does the cost meet the amount you expected to invest? If not, consider reducing your list or extending your time line for completion. Do not reduce your list to a point where you are not acquiring enough skills to meet your objective.

Is Education Really the Key to Success?

“Education is the Key to Success” – Well, I TOTALLY DISAGREE. In fact, I see education as an authoritative conditioning tool which tried to lead me into economic enslavement. And mind you, I always did well in school, but finally had to leave as it was dummying me down as my business was taking off. I should have left HS my sophomore year and GED’d (General Education Development test instead of finishing HS) out, went straight to business school classes for two years and left. I’d have been way Ahead, but I was told by so many do-gooders to stay in school and be involved.

Great, and yes as Senior Class Pres, 4-year varsity, most likely to succeed, I excelled at the game, but so what, that’s HS, and it was just a prison for us 3000 kids for 4-years. Education is NOT the key to success at all. Recently I went to speak at a HS, I was blown away, as nothing had changed since the 80s, same ridiculous rows of desks, and time-wasting, brain numbing crap. I am sorry, but I will NOT parrot the party-line. We are making our little humans stupid and the longer they stay, the more they owe in student loans, and the less they can think.

Seriously – dare to challenge your na├»ve notion and belief system? Chicken. Go ahead; keep telling everyone the importance of our education system, but it is BS, you can learn more watching lectures online and doing things in the real world. Why has it gotten so bad you ask? Well, how about; Teachers Unions, Bureaucracy, In-fighting, top-heavy administration, wasting taxpayer’s money, status quo stodgy crap. “Education the key to success?” Nonsense, especially what people pass off as education these days. Admit it, we are producing brain-dead morons.

“But, Lance education and schooling are not the same thing,” I was then told. Well, to that I say, thanks for clarifying that. However, the public equates “Education” with school + college. I wouldn’t say “I think” the system sucks, more like “I know” what I’ve observed and there is no excuse for it. That is NOT an opinion you see, rather that is an observation which is duplicable across this great nation. If we de-couple the words; “Education” with “School” and “College” then I will accept your view of the debate at hand. But how can you de-couple real world definitions?

We can’t, that’s what education is in the minds of the people, thus the statement; “Education is the Key to Success” is invalid. Now then, if we want to say; “experience, education, observation, and the ability to think and adapt” are the keys to success, okay, I can go for that. But, as it stands now, our school system is a disgusting excuse for anything worthy of being called; education.

Entrepreneurship Education and Innovating Success

Entrepreneurship education spawns a lot of success stories and these encourage a lot of people to go start their own businesses. And with the help of the internet, entrepreneurship education opens its doors to a whole new people as well as opportunities for future entrepreneurship. This, however, has led to tougher competition too. The wider playing field also becomes a host of different businesses where people can learn, compete, and innovate.

And the best way to counter competition would be through innovation. Think about it as finding ways to put up your own playing field or even inventing a new game. If you innovate, you will basically be creating a whole new market and conquer that. Your education in entrepreneurship will help you become more prepared; innovation ensure success -if you take the right risks.

You have to realize that business is all about taking calculated risks, which can be learn through entrepreneurship education. Innovation can be a pretty big gamble, especially if you have virtually no idea how the market is going to react to the change you introduce. As such, you need to anticipate the different factors that may affect your innovations success. Keep in mind that in risk reduction is very important in the business.

Innovation isn’t just about introducing a new product or service to the market. If you want to succeed, you need not use your education alone; you have to think outside the box and consider your business as an organic whole. This means you have to combine it with innovation can come in the form of a new and more efficient way of production.

Every entrepreneurship education as well as program encourages innovation and, in turn, innovation encourages progress. It is because of the constant competition between entrepreneurs that our civilization has reached the heights we have today.

The Effects of Globalization on Both Accounting Profession and Education

Innovations in technology has catapulted the financial district into a global market. Globalization has had a large influence on the way businesses conduct business. Firms are not only responsible for being privy to information involving consumers in their own backyard but also understanding consumer culture as well as economic, political, and legal structures that exist in other countries. Due to the influence globalization has had on businesses, it has changed the expectations that are required of incoming business students and their education. More specifically, accounting students are being impacted by the changes globalization has influenced the market with. These students are challenged more particularly throughout their undergraduate years to understand not only the rules and regulations of GAAP (General Accepted Accounting Principles) but also the standards set forth by the IFRS (International Financial Reporting Standards). Within the accounting sphere, the primary focus has been on external reporting which involve the preparation of financial statements and auditing. However, due to the ever changing world of the global market, future accountants are required to possess perspectives that influence both external and internal reporting. The market will continue to change due to the fast paced journey of information making globalization an important factor in accounting education.

Businesses in the United States have largely adopted GAAP which is a guide to how business are to construct financial information to produce statements. GAAP has been useful in the last couple of years because it facilitates the way businesses in the U.S. communicate with each other. However, in the global environment, GAAP proves to be burdensome for most companies. Overseas, they have adopted IFRS which is another guide to producing financial information which aids foreign companies with communicate amongst each other. Most countries use IFRS as a basis for the way business transactions are conducted. Since most of the world is using IFRS as the standard it leaves the U.S. with the tedious task of having to incorporate two different principles to conduct business. In the article, “How Globalization is Affecting U.S. Accountants” by Bruce Pounder, Pounder states that “U.S. accountants will find themselves at a severe disadvantage to the many foreign accounting professionals who have already mastered international accounting standards and who are therefore much better-positioned to take advantage of rapidly growing career opportunities in China, India, and other emerging economies” (Pounder, 2007, p. 3). He then goes on to predict that as GAAP becomes more overshadowed by IFRS, U.S. accountants will find their skills and knowledge becoming obsolete. Therefore, IFRS has become more integrated into the accounting curriculum for education. Students are required to understand not only GAAP but IFRS and the changes that occur when working with both. By involving IFRS into the learning process, students will be prepared to later take the CPA Exam which has recently been updated to include information about IFRS in the Financial Accounting and Reporting (FAR) section. Students are becoming better equipped with skills and information that will make them more marketable and efficient in the globalized business environment.

In the U.S. economy, a thriving financial sector is usually supported by a strong public accounting and auditing firms. Therefore, the focus over recent years has been to ensure that accountants excel at compiling information involving a company’s assets, liabilities, equity, investments, etc. However, due to globalization, external accounting practices aren’t as valued if internal practices are not also implicated. Internal practices are important because it shapes the way businesses reach their customers in the foreign market. Authors Paul Danos and Richard L. Measelle stated in their article, “Globalization of the Business Environment: Implications for Accounting Profession and Business Education”, that “In a competitive global market place, the internal accountant must be sensitive to what drives the costs of products and he/she must work with production and marketing people to rationalize all cost accounting procedures” (Danos, 1990, p. 79). The responsibilities of the internal accountant is becoming more critical to the success of businesses. For a business wanting to expand into foreign territory, cost accounting is used to accurately develop product price information, location of manufacturing facilities, picking suppliers, etc. Due to these factors, internal accountants have to be familiar with regulations across borders, tax treatments, and currency conversion costs. When it comes to public accounting, auditors must be heavily versed in global accounting standards because “the world’s economies are becoming increasingly interdependent… ” (Needles, 2010, p. 602) according to Belverd E. Needles Jr. author of the article “Accounting Education: The Impact of Globalization”. The author goes on to encourage global standards for auditors because it strengthens their practices by only having to be familiar with those regulations. In order to be well versed in the global market, accounting students are advised to take courses specifically designed to analyze different cultures, languages, and political factors that influence societies.

Globalization has influenced many changes that have taken place in both the accounting profession and education. Students are now exposed to problems that occur in the global market and how to go about solving them. Not only are these students expected to understand all the mathematics and jargon involved with the business world, but they are also expected to have a good sense of foreign consumer culture as well as the regulations bound to each country. Implemented with these skills, students will be able to excel in the new business world.

References

Danos, P., & Measelle, R. L. (1990). Globalization of the Business Environment: Implications for the Accounting Profession and Business Education. Human Resource Management, 29(1), 77-84

Needles, B. E. (2010). Accounting Education: The Impact of Globalization. Accounting Education, 19(6), 601-605. doi: 10.1080/09639284.2010.501578

Pounder, B. (2007). How Globalization is Affecting U.S. Accountants. Montvale: Institute of Management Accountants.

Franchise Opportunities – 7 Benefits of Children’s Education Franchises

If you have a background as an educator, a daycare provider, preschool provider, or are an entrepreneur or a business executive that loves children and would enjoy the challenge of making a difference in their educational lives, perhaps a Childhood Education and Development franchise might be the perfect business for you.

In general, education is one of those industries that people invest in no matter what the economic climate. In fact, in difficult financial times, families invest more heavily in educating their children because they want their kids to have better opportunities than they had themselves, so childhood education is most definitely a recession-proof industry.

 Below are 7 of the top features of a Childhood Education franchise opportunity.

1. Currently, the child education industry generates about $60 billion in annual revenue and provides more than 3.5 million jobs.

2. Normal business hours. You won’t be working during the evening or on weekends. Business is conducted during “normal” business hours, so it truly is a lifestyle opportunity. 

3. It’s a business you can truly feel good about. Promoting education, whether via standard teaching practices, or by utilizing a tutoring curriculum, is, in itself, a “feel good” type of business. 

Making a difference by providing a positive influence in the life of a child is the ultimate “win/win” relationship. 

4. Most available opportunities feature low start up and operating costs. Some can be run from a home office.

5. State of the art software is provided, which effectively manages all student academics.

6. Professional tutors are readily available. Many franchisees never have found the need to advertise for tutors.

7. As the owner/franchisee, your only role is to run the business. You will be managing people and scheduling sessions. You will not be providing the core service, but leveraging the time and efforts of others.

Some Children’s franchise businesses have specific niches and features that they focus on. They may specialize in early educational enhancement, language education, art education programs, educational technology solutions, and tutoring programs, to name a few.  

If you’re not aware of specific franchise opportunities that are available to you which contain those features, seek the free assistance of a professional franchise consultant. You’ll find that there are great children’s education franchise businesses meeting your requirements that you may have never heard of or even considered. As an experienced franchise consultant, I can help you zero in on your skill set, goals, and background to assist you in determining which opportunity is the best match for you. 

Get your Free Franchise Consultation  The Franchising Authority will help you find your perfect franchise.

The Opportunities Extended by Global Exposure in Management Education

The student population is at a constant rise; competition is rising; challenges are common at every path of the career, and opportunities are being fished away by new players every minute. It is a real-world overview of the twenty-first-century business landscape. So, what can be the most essential aspect that can bring opportunities to students and help them build connections with professionals outside their usual networks? Well, the word is nothing but ‘exposure.’ Academic excellence is undeniably a significant requirement for a successful career. However, in today’s time, there are other prerequisites as well that play a vital role in backing the future life of students. Essentials like networking, socializing, and ‘industry-exposure’ act as the most oppressive pillars in shaping the professional lives of young minds in the present time. In this article, you will be introduced to some of the indispensable opportunities that global exposure leverages to management education aspirants.

Enhancing the horizons of knowledge

Ever noticed how administrators and managers possess some of the most dynamic job roles and responsibilities of all times? These professionals require focusing on multiple practices at the same time as their tasks generally extend beyond the desk. Starting from dealing with day-to-day work activities, handling clients, supervising employees to making vital business decisions, they need to tactfully manage minor to major aspects on a daily basis. In order to perform these types of tasks, one requires a broadened vision, open mindset, and enhanced horizon apart from core process knowledge. And all of these qualities come through the right amount of exposure.

Moreover, just industrial exposure is not sufficient in order to excel in the saturated business setting of the twenty-first century. Students pursuing a career in business management nowadays necessitate global-level exposure which serves to prepare them to assuredly participate in competitions on international grounds. This is becoming one of the most prominent trends in business education in today’s time. Foreign visits, workshops, and communicating with different cultures helps students open their mindsets about the field they are going to step into and understand business metrics from a global perspective.

Tapping into cultural intelligence

Management is about ‘people’ to a large extent. A successful management professional needs to have the right understanding, knowledge, and intelligence for tapping into the employee psyche. Not only that, they need to effectively deal with employees belonging to varied cultural backgrounds. Global exposure provides the management aspirants with an excellent opportunity to practically meet, communicate, and connect to executives, acquaintances, and colleagues from various cultures and walk away with a clear idea about how things really function in a cross-cultural workplace.

Increased marketability

There is an extraordinary demand for professionals with an international-level experience in the modern business world. The giant corporates and multinational companies are significantly seeking professionals with multilayered experience and wide-ranging knowledge. Also, small-scale organizations are tending to hire young minds who hold a global perspective and can contribute to the growth of the firm in multifaceted ways.

Excellent career benefits and opportunities

Possessing international experience leaves you with more and better career options in the long run. Global-exposure prepares you for working spontaneously and flexibly in any work environment, on any relevant job position, and in any part of the globe. The right kind of exposure gives you a strong foundation and extensive peripheral insights which will help you excel in diverse fields of business including entrepreneurship. Not only budding professionals but many experienced entrepreneurs also participate in advanced management degree programs abroad just to add a fine tune to their existing career graphs.

TimesPro – Your Pathway to Monash College, Australia

You will be glad to know that TimesPro, an educational initiative by the renowned Times of India group, provides you with an opportunity to make all your study abroad dreams come true. We are gratified to be one of the most prestigious academic institutions in the nation that offers an excellent opportunity for aspirants to attain diverse academic and industry experience in business management from a world top 100 university. We provide the candidates with a pathway to attain admission in a foreign university so that they get a strong platform to outshine in their professional lives ahead.

We conduct an 8 months pathway program in TimesPro center, India, upon successful completion of which, students are provided with a guaranteed admission for the 2nd and 3rd year in the renowned Monash College, Australia. This means that instead of investing an entire year, you get to complete an equivalent of your first year university in just 8 months’ time where you will be equipped with pure industry-centric knowledge that will help you adjust well with the global standards and the dynamic learning environment at the Monash College. The Pathway Program at TimesPro, which is regarded as the best study abroad programs in India, will not only help you gain from the strong reputation of the Times Group, but will also benefit you professionally by endowing you with a global outlook, international market experience, and the opportunity to become a part of a global network. Join the Pathway Program at TimesPro and rest assured that not only quality education is in your reach, but you also have a clear road ahead to a bright professional life.

Why Education Is Important in Network Marketing

There are some tricks to being successful in network marketing, that you may not be aware of. There has been a lot of false advertising and junk filled content. Please realize not every business owner in the industry does this. It’s time to set the record straight and bring some transparency to the business model. The biggest complaint that has been filed against MLM companies is the lack of money making in the individual business. Most companies have a disclaimer about an income not being guaranteed, just like running a regular business. The disclaimer is usually presented in all legal forms and read or mentioned to you at least once. We will address the best way to thrive in a competitive market place. The number one element that will help in your business is education.

Developing Your Network Marketing Education

If you’re like some people, you may not have a lot of skills needed to run a network marketing business. This is fine, it just means you will need to learn some skills to help you handle the business. The first step is to take an honest assessment of your skill base. You will be creating content, marketing, communicating on social media, email, chat systems and over the phone, you may create videos, store your content, upload it and distribute it to your channels and many other areas. Most of these skills will be used on a regular basis. Your research skills may need polishing.

Once you have taken account of your skills, you can develop and educational plan. Most of the work will be done online. There are opportunities to do it offline as well. So a mixture of technical and administration skills will help you create a good business. Your education may take several years, considering technology changes and opportunities change for the prospects. Your mindset may need some changing, considering the focus is on the prospect and not on sales. It can be hard to shift from sales to a balanced marketing mix.

The Next Step for your Network Marketing journey

Start a plan of action to improve your skills. Your education is important to the success of the network marketing business. You can take small courses and get your business going. You will make mistakes and this is fine. This field is a career field, and not just a job. It takes a lot work and analysis to reach the right people. People give up, when they can’t see they need to change. If you know you have a problem and if you don’t change it. You can put your business in jeopardy. Your success depends on how much you learn and use it to give your business an advantage. We’ve only covered a few of the skills needed to run your business online.

Major Benefits of Investing in an Education Franchise Business

Education is a growing sector in India and offers potential business opportunities for those who wish to enter the business world. India has the world’s largest youth population which wants to receive quality education with world class training systems. This allows new educational concept to enter the Indian market and become popular through franchising. Just see how KidsZee, Arihant Institute, British Academy For English School, NIIT are doing good business in the education sector and there branches can seen in different parts of the country. This has been possible only due to the concept of franchising.

Starting an education & training franchises business has become quite common nowadays as here the success rate is very high. There are many advantages of starting an education franchise business in India, such as:

High Success Rate: The best thing about investing in an education franchise is that you would be working on an already established business format that has a brand value in the market. This way investors and entrepreneurs don’t have to struggle much to market their product to attract customers. As people are aware of the education firm and know about the brand, they won’t be hesitating to buy your services. Moreover, it has been found that opening an education franchise business have at least 70% chances of surviving.

Full Support from the Franchisor: Whenever you plan to invest in an education franchise concept, remember that full support will be offered by the franchisor. As a franchisee, an investor will get all the equipments, training materials, instruction manuals, supplies and all the required assistance from the franchisor. This will surely help in starting a business in the education sector.

Marketing Benefits: Along with this, education franchise owners get benefitted from the different types of marketing campaigns started by the parent company or the franchisor. At times, franchisors also offer training to their franchises to help them manage their new business effectively and develop effective marketing strategies. Remember that the franchisors have adequate knowledge on how to operate and manage business successfully and are ready to help investors and entrepreneurs who are willing to take the franchise of their business.

Easy To Target Customers: The biggest advantage of any education and training franchises that a franchisee doesn’t have to make many efforts to attract customers. The brand is already well name in the market with a good reputation. For instance a popular education franchise is KidsZee where 250 business partners join them in a year. The reason behind this is that this child education franchise has a brand name and is well renowned for imparting high quality education to small kids.

Financial assistance: It is comparatively much easier to obtain loan in order start a franchisee business. Quite often franchisors finance new franchise owners either directly or by arranging loan through lending institutions.

All these benefits make an education franchise business a great option for anyone interested in starting their own business. Opening an education franchise ensures great chances of success at a minimum of risk.