Business Finance - E-book - ePub

How to manage a business, know the business, know how toplan, to control spending, price formation of the productseconomy, are constant concerns on the day that everymanager. It doesn't matter if it is ruled only by one person ormore, the principle is the same, having a financial organizationis fundamental. The team that will drive the success of acompany or not. It's financial control that the manager makesdecisions and view the actual financial situation of yourbusiness.
But when it comes to micro-enterprises, for example, the manager has enough idea about the accounting proceduresrelating an administration. There is planning, a concern inknowing or to have skilled people to do the controls neededfor the good financial progress of the company? The manager has to take the time to record your cash inflowsand outflows. You do not necessarily have a particular programthat can encumber and hurt your finances, but through simpleprocedures, the individual who wanted to set up a companyhave to invest in skills necessary to learn to manage yourbusiness and give you profitable enough to have success inyour venture. Similarly, all business is subject to ups and downs, due to thefluctuations in the country's economy, competition, regulatorychanges or even by seasonality.
Therefore, without beingpessimistic, but cautious, you, as an entrepreneur, mustcontinually be questioning. I suggest two magic words that canassist you in this process: "what if"?What if ... .: my business grow too quickly?.: My only customer terminate the contract?.: I receive a much larger request than my productioncapacity?.: There is an economic crisis?.: My supplier does not deliver on time?.: My competitor entering a price war? .: My employee toresign?