My primary goal and ambition is to run a business with my friends in order to earn profits and be able to employ other people looking for jobs. I have always wanted to have financial and economic freedom by being my own boss. In order to achieve this, I need to become an entrepreneur and team up with friends to raise capital and start a business. However, running a business requires good knowledge and skills in finance (Chambers, 1969). I choose to purse Finance major because it will enable me to acquire the financial knowledge and skills needed to manage finance and achieve higher income and profitability in our business.
Some of the financial knowledge and skills that I require include financial planning, financial management, cost saving, and good accounting practices. These skills are needed in all profit-making organisations to ensure that financial resources are utilized efficiently to achieve the financial goals of the business including profitability, cost minimization, and financial growth and expansion.
I also choose finance major because I already have a little knowledge about finance. During my leisure time I have been reading financial magazines and articles. This has enabled me to learn how financial managers utilize funds to achieve their financial goals in particular and organisational objectives in general. I have also studied some financial journal articles with useful information and insight about finance. This knowledge will make my studies in finance major to be easier.
Lastly, I have great interest in finance, leading me to choose finance as a major. I enjoy working on numbers, allocating funds to various projects, and making accounting entries. Choosing finance as my major is a good decision for me because I will be able to work in my area of interest; hence performing well academically.