There is one simple reason to understand small business financial management and planning in your business - to avoid failure. Eight out of ten new businesses fail primarily because of the lack of good small business finance planning.
Financial management affects how and on what terms you will be able to attract the funding required to establish, maintain, and expand your business. Financing management determines the raw materials you can afford to buy, the products you will be able to produce, and whether or not you will be able to market them efficiently.
Business Financial Management Video
This section provides you with various guides that cover the essential components of small business finance planning and management. Used wisely, they will make you familiar enough with the fundamentals to have a fighting chance of success in today's highly competitive business environment.
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