Assume that you are a financial manager and significant owner of a successful medium-sized business. You want to grow your business and use your financial assets effectively. What should you do?
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Assume that you are a
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- In the financial portion of the business plan, how can an entrepreneur make the most of their investment?In order to succeed as an entrepreneur, one must understand the fundamentals of financial management.They need to attract the customers by providing various benefits and advantages and taking steps to retain them in their business. I)How can this be solved in the financial system?
- Give an example of how a business might evaluate investment opportunities to ensure that their selection meets their business's needs and financial management strategy.1. Why do we study financial management? Enumerate its benefits to the success of a business. 2. What is the role of finance in the development of an economy? 3. How does the financial manager affect the firm's overall business strategies?We have talked about personal financial planning as well as the planning within a business. As we move forward in this course, answer the following questions: What do you see as the challenges in a personal financial plan with respect to all the variables? What are the challenges of a business financial plan from a financial manager perspective? How are the two similar? Different?
- Why is it necessary for entrepreneurs to learn about financial management principles?Solve a business problem. Do you or someone that you know have a small business with a specific problem or opportunity that needs to be addressed? Expansion plans, entering a new market, establishing various policies, operations issues, training and so on? If so, you can address their problem or opportunity. Provide a solution that a small business has. And explain how to solve it.Discuss the role of finance in business. What is the purpose of financial management? Describe the kinds of activities that financial management involves. What kind of tools do financial managers leverage to access and/or monitor the health and performance of a business?
- What kind of tools do financial managers leverage to access and/or monitor the health and performance of a business?What is your primary objective in choosing a company in which to invest money? What key items or relationships will you look for in each financial statement that will help you decide in which company to invest?A business is considered to be financially efficient: 1.If they have more current assets than current liabilities 2.If they use their capital effectively 3. If they have more assets than liabilities 4.If they have more liabilities than assets