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Managing money in your business.
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[QUOTE="Chibson, post: 230832, member: 27553"] Proper financial Management in a business is very important because it can determine whether a business will be successful on the long run or not. Lack of proper financial Management is one of the reasons why so many businesses has gone extinct even after so much idea and road map by the business owner, but because of lack of proper financial business plan the business did not see the light of the day. If you want to venture into a business it is of course very important for you to have enough capital because any business that must succeed must be well-funded especially if it is a big business. One of the things you must do is to employ financial experts that will help you manage the finances in your business very well. There are many multinational companies that have gone extinct because they didn't have people who are experienced in financial management. It is also very much important you try as much as possible to know the size of your business and of course know the number of employees in which you will be needing in order not to spend money unnecessarily. Many businesses especially new businesses make this mistake of over-employing people which would actually drain the financial capacity of the business owner(s). [/QUOTE]
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