A thorough knowledge of Practice Management is the key to operating a successful BUSINESS.

Using administrative data on the entire Middle Eastern business field population and their experiences in the operation system during the present years, we investigate the major choice process and the subsequent behaviors after several operations a year, namely companies’ persistence, switching small or expanded business circle, and owners in two majors perceived as similar: Economics and Business.

We investigate the two sequential stages separately for the business owner of Economics and Business. Our main findings suggest that well-prepared owners are more likely to switch and expand their business than stay in a small circle. Moreover, a better business owner intake at a highly productive level entails a progressive reduction in expansion. Likewise, a peer group more homogeneous in terms of the small circle has a higher propensity to stay in the initial major, whereas an owner cohort characterized by high competitiveness, proxied by the number of credits achieved, is less persistent, especially once enrolled in Economics.