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Business: Change & the Entrepreneurial Spirit

Posted: January 2, 2014

FM Business Faculty

Life in the Northeast means being adaptive to change; from summer to winter, from spring to fall.  Successful businesses adapt to change too; they know that change is the only constant.  Successful businesses encourage employees to become excited by change and to embrace it. At Fulton-Montgomery Community College, our dynamic business programs are designed to prepare students for the changing seasons of their career, their education, and the world in which they work. At FM, our business programs have been recently revised with input from local business leaders as well as our Business Advisory Council to help students get ready for the challenges ahead and to meet the demands of our regional economy.

One of the exciting new courses, launched this fall, was Quantitative Business Applications (QBA). It was custom built by our faculty to use the tools that are required by businesses, including Microsoft Excel, smart phone applications, and financial calculators. In addition, concepts such as compound interest and basic business and life financial formulas are also covered.  As Albert Einstein said, “Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.” QBA honors this quote and reflects the principles and understanding of this powerful concept to our students.  

The business programs at FM work to align with the goals and mission of the College, including offering courses in Global Business and having professors who have lived and worked outside the United States.  These professors are able to bring real world examples to the classroom to allow students to learn how to live and work in a dynamic global environment. 

This global environment impacts our region and presents an opportunity for entrepreneurship.  Entrepreneurship is a driver of economic development, which is evidenced by New York Governor Cuomo’s announcement on April 23, 2013 of the expansion of the Self-Employment Assistance Program. During this announcement he said, “… Small businesses are the fuel that makes New York’s economic engine run…the state has worked successfully with unemployed New Yorkers with an entrepreneurial spirit…

At FM, we foster a spirit of entrepreneurship by offering a concentration in Entrepreneurship for students. The first course in this concentration is The Essentials of Entrepreneurship. Beginning this spring semester, students will discover what it takes to start a business and how to learn from those who have gone before them both locally and across the globe. As Richard Branson puts it, “Business opportunities are like buses, there’s always another one coming.”  FM’s students will be ready for the next bus!

If the entrepreneur spirit lives in you, but a college degree is not your goal, FM will be launching a series of seminars this spring for those who need guidance in making their plans flourish. If you are interested in learning more about building a business plan, please email our division chair, Alexandra Henderson, at ashenders@fmcc.suny.edu.    

You have winterized your house, but what have you done to embrace the changing business climate? FM is here to give you the tools to make the most of the changing business environment.  “The best way to predict the future is to create it.” – Peter Drucker 

FM. Futures Made Here.

This article was a collaboration of the FM Business Faculty.

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