What an Owner at Hiller Enterprise Wishes They Had Known Before Entering the Business Industry
Michael, President/Owner at Hiller Enterprise, Inc., wishes "they taught accounting and how to form a business and bookkeeping" in high school, highlighting a significant gap in foundational business education. This lack of basic business knowledge increases the time spent educating clients, hindering the efficiency of the work Michael performs.
Business Acumen, Financial Literacy, Entrepreneurship, Client Relations, Education and Training
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
Michael Hiller
President/Owner
Hiller Enterprise, Inc.
University of Arizona 2011 & UCLA Extension 2015
UCLA Extension 2015
Communications, Accounting
Consulting & Related Professional Services, Real Estate
Entrepreneurship and Business Owner
None Applicable
Video Highlights
1. The importance of accounting, business formation, and bookkeeping skills is often underestimated and should be learned earlier.
2. The current educational system lacks sufficient instruction in fundamental business principles, hindering professionals' ability to assist clients effectively.
3. A significant portion of a professional's time is spent educating clients on basic business concepts, which could be avoided with improved basic education in business fundamentals.
Transcript
What have you learned about this role that you wish someone would've told you before you entered the industry?
I wish they taught accounting, how to form a business, and bookkeeping, or even basic business, in high school. This knowledge is typically only gained through professional experience, which is very limited.
The below standards we have in the US and the world aren't teaching these basics. This makes assisting clients harder because we have to make them aware and wiser.
It's very time-consuming to become the educator when there should be a basic foundational understanding in the world.