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The concept of business administration encompasses all aspects of owning and operating a business. This includes everything from business management to marketing of the goods and services being offered. Universities and colleges offer bachelor’s degrees in business administration and many also offer masters degrees and PHDs. These are certainly helpful, particularly if someone is planning to try and find work with a large corporation, but not absolutely necessary for those individuals starting a small business on their own.
However, the entrepreneur that wants to start and operate a successful small business must get some training or at least some expert help and advice. There are just too many factors that go into building and running a successful business that cannot be taken for granted. For example, one very important aspect of running a small business is knowing the applicable federal, state, and local laws that affect the business.
There is probably a business license required just to operate and there may be other special permits and licenses required for particular businesses. A convenience store that doesn’t sell gasoline doesn’t have to have the same types of permits as one that does. This is just one example and all of this type of information is part of good business administration.
There is good business administration training available and it is not that hard to find. It is also not as expensive as people may think. The fact is that a good comprehensive program can make a difference between success and failure for a business.