To be awarded business administration diploma means that you have undertaken a comprehensive program offered at college level covering the principles of business A to Z. What would be included in the course typically would be introduction to business, business law, basics in computers, courses in accounting, taxes, business math, business ethics, business marketing, real estate principles, banking, city government, and many other aspects that are business related.
The diploma course could also entail some level of internship where the student will spend a bit of time in an established going concern and get a first hand feel of how a real business is operated and managed.
Running and managing a real business can be compared to running a circus act where central man will begin to spinning one plate placed on the stick end, then add another plate, three, to four, and proceed to the fifth plate. By the fifth plate, he notices that the very first plate has started to wobble dangerously, so he has to rush back and gives that first plate an extra spin and that continues down for all the other plates.
So the circus man must always be in motion perpetually so that he can keep all his spinning plates afloat with nothing falling off. He must keep on running back and forth constantly, never stopping if the plates are to keep on spinning. Business seems rather similar to that routine of plate spinning: it has to keep on spinning to keep running.
The best instructor or teacher is reality. The student will learn that experiences learnt in real life situations by far outweigh any level of class work. This is because they are learning from real experience, for this is where you can acquire real knowledge.
As a student you learn that business only exist to make some profit. In case your business is not making a sizeable amount of profit, it would fail, and all those engaged in it including the business proprietor as well as all his workers would be forced to get something else to engage them.
Without profits, the business would have no money for acquiring products to vend, and no money for paying staff salaries. On top of all that, the business owner would not wish to remain in that business if it’s not possible to make a large business profit.
A business administration graduate diploma or degree makes an excellent way of starting in the most suitable direction, although the ultimate battle will be fought in the real trenches of every day management of the business. However, the diploma gives you loads of great information to be able to keep your business doors open, keep on making some profit so that you would have satisfied workers and happy clients/customers.
It’s not easy to own and manage a business as the owner. Usually it consumes lots of time attending to a myriad of things like waiting on your clients/customers, whenever feasible meeting them, keeping track of the cash flow, ordering services or goods, tracking your inventory, settling disputes among your workers and a host other business related elements that will come up.
A diploma in business administration means that you have studied sufficient levels of the diploma core work; passed all the required tests and you are competent to enter the world run a good business on your own.