Receiving a business administration diploma means that a person has completed an all-around college level program that covers all of the A to Z principles of business. Courses that would be typically given would include introduction to business, accounting courses, business math, business law, computer basics, ethics in business, marketing, real estate principles, city government, taxes, banking and other business centered coursework.
There might also be some internship involved where a student could spend some time in a going concern and just be able to see how an actual business really runs and operates.
Running a business is a lot like the circus act where the man starts to spin one plate on the end of a stick, then two, three, four, and then five. By the time he gets the fifth plate spinning, he sees that the first plate is beginning to wobble, so he rushes back to it and gives it another spin, and so on down the line again.
So he must almost be a perpetual motion machine in order to keep his plates spinning as he has to run back and forth all of the time to keep the plates spinning around. Business at times seems much like the spinning plate routine, and it is like spinning the plates to keep up.
Reality is the best teacher, and the student learns that real life and experience far outweighs class work as a way to learn from experience, and that is where the real knowledge comes from.
The student learns that the only reason that a business really exists is to make a profit. If the business did not make a reasonable profit, it would fail, and everyone involved, the owner and his employees would have to find something else to do.
If there were no profits, there would not be any money with which to purchase any inventory to sell to customers, nor would there be any money to pay the salaries of any employees. Then above all, the owner would not stay with the business if he did not make a large profit from the business.
A diploma with a business administration degree is a good start in the right direction, but the final battle is in the actual trenches of running the business every day. The diploma, however gives the business owner lots of great information so he or she can keep the doors open, continue in making a profit, and so there are happy employees and happy customers.
Owning and running a business is not easy, and it usually take long hours to tend to things, such as waiting on customers, tracking the cash flow, meeting customers whenever possible, ordering goods and services, keeping track of inventory, settling employee disputes, and a myriad of other elements that rear up during the tenure of a business owner.
A diploma in business administration signifies that the student has studied enough the core work, and all the tests have been passed, and that this person is competent to go fourth into the world and be able to run a business on their own.