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“What they didn’t teach you in School!” – Part 1

Posted by tngui79 on February 24, 2011 in Daily Rants |

Someone should really start a school to teach young, aspiring minds on the expectations of being in the corporate world.

Let’s face it. No one emerges from a school, polytechnic or university and is immediately able to adapt to the demands and assumptions of the working world.

Don’t agree? So you studied business. Great. You’ve thrown the buzz word “budget” into your thesis and numerous projects. Fabulous!

Now, go plan a realistic budget, complete with profit and loss(income statement) and your balance sheet projection for the year ahead.

Say what?
Don’t know how it’s done? Tsk. You should have attend the course “What they didn’t teach you in School – Part 1” !

What? Projected an unrealistic budget you say? Did SOMEONE forget to include planning for a revenue stream to finance your budgeted expenditure on a month to month basis?

Did you factor in manpower costs, failure rates, alternative solutions and external vendor support?

No?

Sure you didn’t. You didn’t attend “What they didn’t teach you in School – Part 2”

Surely you also factored in business risks, customer credit assessment, bad debts and potential write-offs of receivables?

Oops you say?

No wonder. “What they didn’t teach you in School – Part 3 hasn’t commenced yet.”

Anyone want to start this school? I’ve got the course materials.

Now, if only someone could do the P&L and Balance sheet for this… Oh umm.. wait.. did we forget to find a passionate and driven project manager? That’s Part 1.

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