Typology Central - View Single Post

attilla the honey · 08-05-2008, 01:11 AM

Hi there, TEC is The Executive Committee, but there are organization like YEO which I think stands for Young Entrepreneurs Organization.

Because I was in manufacturing, I needed cost accounting, as well as tax and management accounting. When I was consulting (after I sold my first business), I was going into businesses where the owners were really ignorant of the all of the statements as well as the ratios for the banks.

So, whenever I am asked about the more important thing about starting a business, I always tell people to get an education on the financial side of the business especially the cost accounting and the ratios the bank and other lenders will expect from you.

So what is the problem with starting an engineering firm or software or commercial construction or oil and gas consulting???

I know many engineers who own oil and gas companies or exploration companies who have complete control (except over the markets)???

08-05-2008, 01:11 AM	#12 (permalink)
attilla the honey Junior Member Join Date: Mar 2008 Type: ENTJ Location: Alberta Posts: 9	Hi there, TEC is The Executive Committee, but there are organization like YEO which I think stands for Young Entrepreneurs Organization. Because I was in manufacturing, I needed cost accounting, as well as tax and management accounting. When I was consulting (after I sold my first business), I was going into businesses where the owners were really ignorant of the all of the statements as well as the ratios for the banks. So, whenever I am asked about the more important thing about starting a business, I always tell people to get an education on the financial side of the business especially the cost accounting and the ratios the bank and other lenders will expect from you. So what is the problem with starting an engineering firm or software or commercial construction or oil and gas consulting??? I know many engineers who own oil and gas companies or exploration companies who have complete control (except over the markets)???