War of the Worlds: Student Finance versus LifeWritten by Richard Green
It’s a worrying time for current and prospective students. Figures from Prudential, show that a third of UK university students have considered abandoning their studies due to financial strain they have encountered. It is not surprising that many prospective students are finding need to seriously think through merits of going to university. With increase in course fees, alongside decreases in government financial support, current crop of graduates can expect huge debts (currently averaging over £13,000) when they enter employment market, which they hope will reward them with a highly paid job.However, as more students get pushed on to higher education production line and undertake degrees, once elitist qualification becomes devalued. Suddenly employers find themselves surrounded by graduates of ambiguous quality. Prestigious highly-paid careers are rare these days and graduates find themselves increasingly under pressure to jump through a number of hoops, with many interviews relying on an individual’s ability to sell himself, rather than basis of academic work. Students need to take responsibility for their own finances, while government seeks our recognition of its actions (educating unemployed is good for books … and votes), without state taking on responsibility (“it’s an investment in your own future”).
| | Are you aware of planning in business?Written by Parul jain
Human beings are rational agents. Rationality endorses one to take up planning in every sphere of life from shifting to a new house to marriage, as well as business. A business plan is first and most significant premise to reach and run a successful business. It is not just that capital that makes a business successful but it is also planning done in a prudent manner that plays a crucial role. In simple terms a business plan is nothing but a written plan that delineates monetary or fiscal structure (an outlay)-for purpose of either promoting an already established business i.e. to say a new venture or for starting up of a new business. Like map of a building made by an architect prior to its making demonstrates how building will look like with all its rooms, lawns, lobby etc. similarly a business plan is a guide that presents all details of a business- from money to amount of people involved, from flow of capital invested to money expected to be accrued in form of profits, from predictable rate of growth to snags one can land into. A business plan gives an entrepreneur a fair idea of how much investment is required, in what areas and how will it lead to benefits in his business. This in turn enables him to seek loans and finances from market. For once a business plan is made it becomes trouble-free for individual to explain his idea (for example if he wants to launch a new product), its uniqueness and material gains that follow from it. Such a plan well demonstrates passage of money required to meet a horde targets that one seeks to achieve through his business. It is an easy guide that facilitates navigation to all crucial aspects of a business like – significance and exclusiveness of idea (business), chosen native place for it, market planning, kind of consumers targeted and in what areas, approximate budget involved in promotion or growth of business, tentative dates to meet targets, key areas and factors of escalation and last but not least methodology adopted in this enhancement. All these therefore form basic components of a business plan.
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