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What to Do After College: Corporate Ladder Isn't the Only Path

Graduation is fast approaching, so what comes next? Students have many options.

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Many students are so wrapped up in studying that career planning is close to the bottom of the to-do list. But thinking about life after graduation isn't exactly the worst thing you can do. Thankfully, there are many career options. You can go corporate, work for a small business, start your own business, or even purchase one that already exists.

Corporate

Many students choose the corporate path. Large firms often pay generous salaries and come loaded with perks. Employer paid health insurance is still the cheapest form around. And remember these three words: flexible spending account. A flex account is a corporate fund that allows you to use pre-tax dollars for necessary expenses.

And corporations offer a chance to move up the ladder and into a rewarding career. The great corporations are efficient, money making machines and employees are rewarded richly.

Start Your Own Business

Many entrepreneurs have turned into our world's most successful citizens. Entrepreneurs create most of the valuable products and services we love and use every day. (This article was written on a Mac, invented by famous entrepreneur Steve Jobs.) Even moderately successful entrepreneurs live pleasant lives. Here are three steps for small business start up:

  • Find Your Niche

A successful business fills a need not being served.

  • Enjoy your business

If you hate going to work or don't have faith in your product you are destined to fail.

  • Crunch the numbers

Create a solid business plan so you can better understand the potential of your idea.

Buy a business

When working for the man just isn't for you, and you can't think of a reasonable business model, you can always purchase an existing business or franchise.

Buying a business is extremely tricky, and often more costly than starting your own. One way to find a decent business is to contact a business broker. According to start up publisher Entrepreneur.com, a broker will assist you in many of the tough areas. Brokers will prescreen businesses, negotiate terms and guide you through the paperwork.

Whatever your choice, the thing to do is weigh all of your options.

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