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Funding a business
How To Manage Funds In A Small Business?
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[QUOTE="Yusra3, post: 341615, member: 31907"] Proper management of the funds for small businesses deals with close monitoring of the cash flows, maintaining a separation between personal finances and business finance, establishing a realistic budget, avoidance of non-meaningful expenditures, and having an emergency fund. Examine the alternatives, such as lines of credit for working capital, in the entity or individuals that can extend credit at a low-cost. Implement solid billings and collection procedures. Make sure to monitor the financial reports and the most important metrics for the budget to adjust or stop unnecessary expenditure. Sound and judicious financial direction serves to ensure a profit here and now and at the same time provides for long term company profitability. [/QUOTE]
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How To Manage Funds In A Small Business?
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