Financial Management helps you control your business financially. You have to know if you have a good business. Do you earn money? Do you safeguard your assets? How big is your gross profit? Do you lose money on credit sale?
Financial Management will make you understand your business better. Read and become a succesfull business owner.
URL: Physical Control
Comments: Having a safe, Insurance cover, control of fixed assets ...
URL: Cash Control
Comments: Introduce good control procedures concerning cash
Comments: The records that should be reconcile at regular interval
URL: Delegated Authority
Comments: No one person should be in charge of all the duties
URL: Four Ways of Safeguarding
Comments: How to safeguard your assets
URL: Control Your Business:
Comments: Buy all the text and read them the in your favorite chair
URL: Accountability and Management
Comments: Keeping accounts is a crucial business management tool.
URL: Financial System - Illustrated
Comments: See the 5 step system of financial management
URL: What is a Financial Statement?
Comments: A Financial Statement is a report which tells how the financial situation
URL: The Profit and Loss Statement
Comments: See a Profit and loss statement
URL: The Balance Statement
Comments: The Balance Statement shows the Assets and the Liabilities in the company
URL: The Assets
Comments: The Assets can also be divided into two types
URL: The Liabilities
Comments: The Liabilities can be divided into two different types
URL: Acting on Gross Profit
Comments: It is a very important to have focus on gross profit
URL: Gross Profit / Contribution Margen
Comments: One of the most interesting figures is Gross Profit
URL: Overhead Expenses / Fixed Costs
Comments: You can always minimise fixed costs
URL: Understanding the Assets
Comments: Here is an example of the assets
URL: Understanding the Liabilities
Comments: Liabilities is Creditors, Loan from Bank, Tax and other public obligations ....
URL: The Art of Consultancy
Comments: Seek the assistance of various consultants for running your business
URL: Keep Control
Comments: Financial management is also about keeping control
URL: Mark-up and Contribution Ratio
Comments: Hhow big shall the contribution ratio be on a product?
URL: Influence on Profits
Comments: Basically, there are three ways of exerting influence on your profit
URL: Influence on Sales
Comments: There is no one recipe to make your products a great sales success
URL: SWOT Analysis
Comments: A SWOT analysis offers an overview of a company´s state of affairs
URL: Terms of Sales and Delivery
Comments: Information about sales and delivery terms is a service to a company´s customers.
URL: Pricing - Based on Expenses
Comments: How much does it cost to aquire the goods?
URL: Pricing - Based on The Market
Comments: What will the customer pay for your product?
URL: Credit Sale
Comments: Make sure you get your money when selling on credit
URL: Financing Operations
Comments: From time to time need an extra input of capital
Comments: Depreciation: calculating the decreased value
URL: Reduce Stock
Comments: You have to consider how much stock is needed in your company.
URL: Close Down The Business
Comments: Winding-up your business is usually not an easy decision
URL: Financial Control
Comments: The earlier you identify deviations from the planned development, the better
URL: Financial Assessment
Comments: You must constantly keep control of the company´s financial situation
URL: Bank Indebtedness
Comments: Your banker is allowed to demand you to sell your house if you own one
URL: Be on top of your business