The Biz Blog

For as long as I can remember I have been fascinated with music. Although I am not musically talented myself, music has played a large role in my life. Music has almost therapeutic effects when it comes to my mood. Music can help relax me and make my mood go from bad to good. I think it would be really cool to have a job in the music industry so I did some research on what jobs a business major can get in the music industry. One career a business major can have in the music industry is a label manager. The label manager oversees the everyday operations and is in charge of making the business deals. They are responsible for signing artists to the label and creating the contracts for them. As the leader, the label manager must have the essential leadership skills any other business leader would need. The business side of the music industry is handled by the label manager while the creativity is left to the artists. Another career that a business major can have in the music industry...

With it being football Sunday I was wondering what NFL team has the highest SportsMoney Index and are these teams successful. As of 2017 the NFL Salary Cap is set at $167 million. This is over a $12 million raise from 2017. Since 2012 the salary cap has been raised by over $47 million. Below is a list of the top 5 teams with the highest net worth, their net worth, revenue, and their records. Dallas Cowboys Net worth: $4.0 billion Revenue (2014): $620 million Record (2016): 13-3-0 2. New England Patriots Net worth: $3.2 billion Revenue (2014): $494 million Record (2016): 14-2-0 3. Washington Redskins Net worth: $2.85 billion Revenue (2014): $439 million Record (2016): 8-7-1 4. New York Giants Net worth: $2.8 billion Revenue (2014): $400 million Record (2016): 11-5-0 5. San Francisco 49ers Net worth: $2.7 billion Revenue (2014): $427 million Record (2016): 2-14-0 These 5 teams may be the 5 that are worth the mos...

Today, technology is advancing extremely fast, smartphones have become one of the most powerful devices in the world. Technology is advancing fast, and it can be hard to keep up with all of the changes that come seemingly every day. There are many apps and technologies that can be useful in managing your finances.  Smartphones have become an integral piece of almost everybody’s life, and it can make running your personal finances much easier with budgeting, paying debts, and managing bank accounts.  The list of apps for personal finance is endless, but two of the most well renowned and used apps are Mint and LearnVest.  Both of these apps are great because right from your phone net worth can be calculated, you can review spending habits, and you can create personal goals within the app, whatever you want them to be. They are a little different in that  LearnVest offers a premium experience, buying this means that you get an ongoing with a financi...

https://pixabay.com/en/space-moon-stars-planet-science-624054/        The scholarly article I found makes the argument that accounting firms that apply International Accounting Standards (IAS) have a higher quality of accounting.  The IAS covers many aspects of accounting and the financial reporting system.  It contains many standards of interpretation, enforcement, and litigation that help accounting firms better themselves.  The findings in this scholarly article hold great value and have a large body of research behind them.  Overall, this article claims that firms that apply IAS standards will provide people with better accounting services.          The scholarly article states that the goals of IASC and IASB standards are to set up better financial accounting.  In addition, firms that have implemented IAS are found to have less earnings smoothings.  Researchers found that due to this lack of ...

22 October 2017 One of my favorite things to do in my free time is watch TV series on Netflix, Hulu, or HBO. One of my standout favorite series is Entourage on HBO. The show is about a young actor from Queens named Vincent Chase who moves to LA with his life long best friends Eric, Johnny, and Turtle. My favorite character in the show is Vincent's agent Ari Gold. My liking of this character made me curious about the position of an agent and the business aspects behind the profession. Talent agents are people who work in between talented individuals and the people who hire them. Agents are the ones who work to get the talent hired. Talent agents normally represent actors, musicians, athletes, writers, and performers. Most of agents communication is done over the phone while negotiating deals with potential employers for their clients. Agents work at new and innovative ways to promote their clients and sell their skills. The workplace of an agent depends on his or her field ...

On Michigan State’s campus like many other schools there are numerous clubs, a club for anyone if you look hard enough. With being a young business major I was on the hunt for a club that would help me further my connections, and to improve my skills and tactics in the business world. With the help of Women in Business Students Association (WBSA) I am able to fulfill all those needs and so many more in my hunt of club. WBSA allows other young women like myself to grow as a woman, by providing a mentor and mentee program to provide advice to help younger students grow and gain knowledge of their field of interests. By being a part of the mentor mentee program a mentee is able to meet with their mentor as little or as often as they please. The mentor is an upperclassmen that will help their underclassmen or mentee with everything and anything, but they will definitely be there to help them with applying to the Business College Broad whenever is required. Other than providing a men...

Economic growth is important in reducing poverty, unemployment, and improving living standards in a country. A growing economy brings sustainable jobs for people, it is especially important in developing countries to increase available resources and provide better education, health and social spending. ( Importance of Economic Growth )  Privatization is the transfer of ownership of assets from the public sector into the private sector, and it is something that plays a huge role in economic growth. More and more governments around the world have turned to privatization because it is effective in establishing property rights, which helps build a strong free market economy where people make individual decisions, not the government. (Filipovic) The economic benefit of privatization is that the governments role in the economy decreases, which means that the economy becomes more efficient. A government has a non-economic focus, while the private sector is looking for economi...

https://www.urbanghostsmedia.com/2015/05/dystopian-ruins-abandoned-cities-apocalypse/ Taxes play a major part in the field of accounting and the general life of people.  Tax accounting is an essential practice that many businesses use to report and pay their taxes.  In addition, tax accounting differs from regular accounting in that it is focal on the reporting or payment of taxes rather than the reporting of income statements or other financial documents.  Tax accountants have many different roles they can play as a career such as an individual contractor or an employee within a business.  Overall, tax accounting is very important and has many practical uses for regular people or highly trained accountants. Tax accounting focuses on financial entities that have tax implications such as deductions, income, or any other entities that can have a tax placed on it.  The restricted field of tax accounting is overseen by the Internal Revenue Service(I...

15 October 2017 Business is a field that requires a lot of communication between individuals, whether that be face to face, over the phone, or through email. Business requires a lot of corresponding between the parties involved. Having good communications skills is key to good business. Working to improve these skills is always a smart idea (Bizjournals.com).         The first step you have to make in improving your communication skills is making communication your top priority. To really improve your skills you must me dedicated to the process. Communication is an easily forgettable aspect of business because it seems so simple. It is easy for it to drop to the bottom of your priorities.           Another useful tip for improving your communication skills is telling the truth. Always be honest with people and never be afraid of telling the truth even if it isn't what the person wants to hear. This leaves no confusion after the conver...

All across the world, new markets are emerging in developing economies. An emerging market is a nation’s economy that is progressing toward becoming more advanced, by means of rapid growth and industrialization. The expansion of markets are important because they become integral in global manufacturing. Another benefit to these is that they are enjoying booming export business. The emerging markets gain global presence, and in turn they get cross-border trade and have loose monetary policies. Most of these emerging markets come from Asia, Africa, and Latin America, which are less developed, while the developed world like North America and Western Europe are established markets. ( Emerging Market Economy ) These markets are helping countries progress, but it is pressuring the global financial sector. The emerging markets demand a lot of capital, and this puts a strain on interest rates. There are many companies building machines, and there are new roads, power sy...

What is a C-suite? By dictionary definition, a C-suite is a term used to describe corporate officers and directors. The term is derived from the use of the letter C in most high-level positions, such as Chief Operating Officer. There are many different positions involved within the C-suite sector. Such as the Chief Information Officers (CIOs), Chief Marketing and Sales Officers (CCOs), Chief Financial Officers (CFOs), Chief Human Resource Officers (CHROs), Chief Executive Officers (CEOs) to name a few. Chief Information Officers must know how to create business models and be able to direct others below them on what is needed to be done, they must not only know how to use and understand new technology, but also be able to understand and apply business strategy. On this side of 2008 CIOs jobs became more about managing the right projects well. The future of this position requires a “hybrid” CIO, someone who is business savvy, but also with experience with analytics, organizational...