FINANCIAL ANALYSIS EXPLAINED

FINANCIAL ANALYSIS EXPLAINED

IMPORTANCEThe financial analysis enables the decision-maker to review the financial information of the company and make the best decisions. It should be unacceptable to manage any operation or project without fully understanding your financial position.Many leaders...
5 THINGS YOU CAN DO TO PREVENT BUSINESS BANKRUPTCY

5 THINGS YOU CAN DO TO PREVENT BUSINESS BANKRUPTCY

Hope is Not LostYou may have decided that the only choice you have left is to file bankruptcy, terminate your employees, and lose the business you have worked so hard to build. Note: Most businesses start considering bankruptcy because: They can no longer meet their...
BUDGET MANAGEMENT EXPLAINED

BUDGET MANAGEMENT EXPLAINED

IMPORTANCE Budget Management is the process in place to forecast the required amount to cover operational costs, and prepare for future contingencies. A sound budget system will guarantee the continuous financial stability of a company. Ideal Process to manage a...
4 THINGS YOU CAN DO TO FACE A DIFFICULT FINANCIAL PERIOD

4 THINGS YOU CAN DO TO FACE A DIFFICULT FINANCIAL PERIOD

If you have been in business for a considerable amount of time, it is likely that your company will go through a difficult time. These harsh stretches could originate either internally or externally. From the inside, it could be caused by a serious breakdown of...