Every student is entitled to quality education, but not every student has the means to achieve it. That’s why the University of Tennessee has implemented a program to address that, namely Business Education for Talented Students.
What is BETS?
The Business Education for Talented Students (BETS) is provided by the University of Tennessee to guide financially challenged yet talented students to achieve a degree related to business fields. Students of different backgrounds join and study various business-related programs since 2008.
What BETS participants do is to develop presentations, visit companies wherein they observe professionals, listen to professionals’ presentations and interact with other business students.
This program is available to those underrepresented students i.e. African American, Asian American, Native American and Hispanic, as wellas those first generation college students.
What the BETS is All About
The ETS is a ten-day residential program held in the Haslam Business Building of the University of Tennessee. Inside this building, students check out different career paths related to business.
The business fields to which the students are exposed are the following: Accounting, Management, Finance, Marketing, Economics, Human Resources Management and Public Administration.
At the end of the week, a comprehensive team project is completed on which they aim to build and accomplish a successful business venture.
Students are ecstatic about the program as they are taught on how to become a leader. They are made aware of the challenges businesspeople face such as being in charge of employee morale, balancing budgets, and marketing or selling consumer-worthy products.
The courses are lead by the school’s business instructors together with business and community leaders. The BETS is even subsidized by PepsiCo group and has community partners namely McCormick, SunTrust Bank, Scripps Network, Dixon Hughes, Ruby Tuesday, Lattimore, Black, Morgan and Cain, and Boeing.
Costs of Joining
Participants are offered the program without any charges; however, students will be charged a reservation fee of $20 once they get selected. All costs are covered for students, and these costs include tuition, meals, books, room and board, and supplies.
Students who express interest in this program must be interested in business. They are not required to have completed business courses, though. They simply need to provide requirements such as the completed application form, recommendation letter, a copy of their high school transcript and provide proof of involvement in school, church, and community activities.
Students who have taken the Business Education for Talented Students not only have learned actual business lessons, but had a few realizations, such as business not only about opening doors, providing opportunities and making money, but it’s also about marketing, budgeting and learning ways to keep your clients and employees happy and satisfied.
Students who attend the BETS have always yearned for knowledge. Many of them were, at first, doubtful whether they could attend college, but because of the BETS program, they were able to start establishing their career path and to begin giving themselves a new and improved life. They were able to become part of a more stable and diverse workforce.
The demand for well-educated business people continuously increases as the world becomes more and more reliant to globalized investments and trades. Since business touches almost every aspect of our modern and globalized society, business graduates became in-demand worldwide, and careers that require a degree in business became high paid. Therefore, choosing to pursue business as a college degree can never be a bad decision for any high school graduate.
But why you should consider studying business education in the US? Well, the answer to that is simple and obvious: The US apparently offers the best educational system as well as opportunities for business education in the world. But if you’re still not yet convinced, here are three more reasons why you should seriously consider getting your business degree in the US:
1) The US leads in global business activities
Business education and entrepreneurship in the US are continuously thriving because of its abundance financial and natural resources, service-oriented culture, innovative technology and business-minded people. Therefore, as a leader and awesome competitor in business activities around the world, the United States provides a well-developed sets of values and system of education for business.
Any prospective and practicing business person will benefit significantly merely from exposure to the American business community as well as world-class business education in the US.
2) Widespread availability of career-focused, high-quality business education
Business education is available throughout the 50 states. You can choose from the prestigious educational institutions such as Stanford and Harvard, which are both well-known around the world for the business education programs that they offer, or to almost any state-funded educational institution in the US that provides quality business education. Not to mention the fact that a business degree from the US is highly recognized and respected throughout the world.
Another good thing about the education system in the US is the opportunity that it gives to everyone. Anyone who successfully completed secondary school can pursue higher education and get a college degree. Opportunities for people who want to study business related courses are countless at nearly 4,000 universities and colleges in the US. American education is also known to be very much career-focused, meaning the emphasis us on practical experience, not on memorization and examinations.
3) Many business fields/courses to choose from
Since the American business community itself made huge contributions to national life, its educational system created countless fields of business available for study. People pursuing business education can focus their business studies on accounting, economics, business administration, international business, finance, marketing and production/operations management, human resource management, business communication and many more.
The general education components of the course, as well as the elective components related to a particular field, is well-balanced in the American education system. This is an advantage for the students as it allows them to enrich their education while it prepares them for a solid career growth.
The United States offers vast opportunities for people who wish to pursue a path in business and entrepreneurship. Business education and entrepreneurship in the US are designed with many options, allowing students and business people alike to succeed in their chosen paths.
Technology has changed the way we do business. Everything is now done online. So, if you are thinking of becoming a successful entrepreneur. It is a good idea to invest in good business education and technology. Here’s why:
1. Going to business school will give you a well-rounded information.
While it is true that a lot of successful businessmen do not have a business degree. Getting a business education will get you acquainted with economics, accounting, finance, strategy, and organizational behavior. By the time that you finish your business degree, you’ll have a strong understanding of the business functions.
2. Going to business school will allow you to enhance your leadership skills.
Some CEOs like Edmund Pratt of Pfizer and Meg Whitman of eBay have an MBA. So, if you want to become a business leader in the future, it will be a great idea to invest in business education.
3. Getting a business education will allow you give you more career choices.
A good business education can help you succeed as an entrepreneur. But, having a business degree can give you a lot of career choices, too. You can work as a human resource manager, sales manager, corporate executive, loan officer, marketing coordinator, business manager, and business analyst.
4. Having a business degree will give you valuable skills.
Having a business degree will give you valuable skills like communication, time management, goal setting, innovation, relationship building, and project management. You can use these skills not only in your business but various other aspects of your life.
Aside from investing in good business education, you also need to invest in technology if you want your business to be successful. These technologies will improve your employees’ efficiency. These technologies will also allow you to automate certain functions. Some business technologies like Salesforce will allow you to automate tracking of tasks and customer contact.
Here are some business technology trends that you should invest in:
1. Use cloud-based services.
The archaic system can bring many problems to your business. So, if you want a more efficient business process, you have to make use of cloud computing. Cloud computing increases your efficiency and business agility. It also has less operational issues and less capital expense.
2. Invest in a good accounting software.
If you have simple operations, you can rely on the good old MS Excel. But, if you have a lot of accounting paperwork to deal with, it is best to invest in a good accounting software. You can use inexpensive tools like Wave Accounting or FreshBooks.
3. Get a good CRM (Customer Relationship Management) System.
If you want to manage your customer interactions more effectively, you have to invest in a good CRM system. CRM allows you to organize client data. It also promotes efficiency. It increases accountability, and it improves the overall experience of your customers.
If you want your business to grow, it would be a good idea to invest in business education and technology. These investments will surely yield huge returns.