Dustin got a degree in accounting. After having several small businesses as clients, Dustin decides he wants to become an entrepreneur. Will he be able to use his accounting experience in his new venture?

A. No, that time has been wasted
B. Yes, he has learned a lot about managing money in a business.
C. Yes, an accounting degree is all you need to be an entrepreneur.
D. No, he should not be both the business owner and the accountant.

1 answer

B. Yes, he has learned a lot about managing money in a business.

Dustin's accounting experience will be beneficial in his new venture as an entrepreneur, as he will have a strong understanding of financial management and budgeting. This knowledge will help him make informed decisions regarding the financial aspects of his business, such as managing cash flow, analyzing financial statements, and budgeting for growth. While it may be helpful for Dustin to eventually hire additional accounting support as his business grows, his accounting background will still be valuable in the early stages of his venture.