You are to analyze your future situation, as you are about to graduate from university to enter the business world.

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Executive Summary

This article focusses on preparations that a student will make for entry into the business world . It includes evaluation on management of one 's finances , personal finance issues and it also focusses on planning for ones career . As far as personal finances are concerned , the article focuses on budgeting , saving and investing accompanied by a balance sheet and income statement . Self-management is analysed through taking a look at the weaknesses and strengths as well as anticipating the opportunities and possible

threats that a student entering the business world is likely to face . In addition , the formulation of goals will also be discussed and analysed . This goals are broken down into short-term medium and long term goals of the student after they have graduated . The goals are mainly career-related but for the purpose of encouraging holistic growth will also include some personal goals and others related to an individual being a member of the larger society

The article also include projections into the individual 's future career . The projections involved here refer to a look into the impact that the student hopes to make in his career as well as the legacy they would like to leave behind . The projections are discussed in light of the strategies that will be used to ensure that the contributions to the workforce remain optimal . This refers to contributions at a societal business and personal level

List of Tables

Table 1 : Balance sheet of a typical college student .5

Table 2 : Annual Income statement .6

Table of Contents

Executive Summary .2

List of tables .3

Introduction .5

Content .5

Conclusion .14

Introduction

It is necessary that a student who is anticipating to join the workforce be prepared both financially and psychologically for entry into the world of business . Most of the academic preparation has already been catered for in college . Unfortunately personal finance management is hardly ever taught in campus and for one to be successful in the business world , they need to be able to manage their own finances and the progression of their careers . Progress in one 's career is possible by informed planning and application of strategies that will ensure one 's plans are successful . The process of planning involves formulation of goals and objectives . These goals need to be time-bound so as to make room for evaluation of the progress in attaining these goals . Further the formulation of the strategies to ensure good career progression requires that one identify which opportunities are available to them

Content

The first step in personal finance management is identification of one 's expenditure and income . A balance sheet and annual income are useful tools in this process

Table 1 : Balance sheet of a typical college student

Assets Amount (in US ) Liabilities Amount in US

Cash ,Cash equivalents 1500 Credit card debt 300

Loans made to others 1000 Tuition fees Loans 3750

Fixed income (wages ) 1000 Rent payments 500 Utilities 500 Books and supplies 500 Food 250 Entertainment 200...