Financial Management



What is Financial Management?
Financial management involves the use of financial statements which reflect the condition of your business and will identify your strengths and weaknesses. It will enable you to plan using projections that will commit you to a more effective use of capital, assets and personnel which will maximise the return from your business.
" Focusing on planning is essential to survival ..."

Financial management involves all the activities that will enable a business to obtain capital for growth and allocate resources more efficiently. It will maximise the potential of your business and enable results to be monitored through the use of accounting systems and documentation.

This type of management will require a well written, comprehensive financial management plan which outlines the assets that the business owns, the debt it owes and the future p...

Membership required (FREE)

The rest of this article is freely available to StartRunGrow members.
Not a member? Join Here - Its FREE!