Realekom
Active member
Money management is the act of handling your business finance through budget, setting goals, tracking expenses and creating chances for investment.
No business owner or manager wants to be stranded or out of cash his their businesses, yet missmanagements and wrong calculations due occur which affects the cash flow.
As a manager or a small business owner, here are some tips to help you manage business funds properly.
1. SET LONG AND SHORT TERM GOALS
2. ALWAYS BE ON TOP OF DEADLIY
3. MONITOR YOUR SPENDINGS
4. SEPARATE BUSINESS FUNDS FROM PERSONAL FUNDS.
If all these are done and put in place I think it will go a long way in helping you manage your business funds
No business owner or manager wants to be stranded or out of cash his their businesses, yet missmanagements and wrong calculations due occur which affects the cash flow.
As a manager or a small business owner, here are some tips to help you manage business funds properly.
1. SET LONG AND SHORT TERM GOALS
2. ALWAYS BE ON TOP OF DEADLIY
3. MONITOR YOUR SPENDINGS
4. SEPARATE BUSINESS FUNDS FROM PERSONAL FUNDS.
If all these are done and put in place I think it will go a long way in helping you manage your business funds