“How to Increase Profits Through Proper Financial Planning” apprenticeship
has been the toughest apprenticeship I’ve had to do on my degree program. It was very challenging, because I had only studied about companies that were solvent. Of course, I knew that different companies had different financial situations, but it was pretty hard for me to make the transition from the ideal scene of solvency to a situation where the business had no sales revenue for over three months and was tens of thousands of dollars in debt. I really had to think about how to apply financial planning in that extreme situation.
Fortunately, I have very good supervisors who are trained very well. They coached me a lot. Finally, I could fully understand what financial planning is and successfully implement the financial planning technology into the company I was working with. The first thing I had to do was get the executives in charge to confront their financial reality. Next, I had to coach them on identifying what operating state (condition) the company was in and what operating state (condition) they were in as executives. After that, we were able to apply the management tool that one uses with conditions in order to improve them (namely, condition formulas). With those tools, the executives knew exactly what they had to do to reorganize their actions in order to increase the company’s income.
Bottom line, during the three weeks I was working with them, their income went from months of nothing to over ten thousand dollars. I was surprised and excited!
In this apprenticeship, I basically applied a lot of management tools, which I had learned in earlier courses on my degree program. Itís an amazing experience and I will never forget it.
Hubbard College of Administration is a self-paced business school that offers an exceptional business administration curriculum, unique learning technology, life-changing apprenticeships and internships, assistance with job placement and a lifetime warranty for students. I am currently on the “Basic Organization” apprenticeship.