Budgeting is the area of financial management that involves planning for typical and atypical expenses.Sound budgeting is important because it enables your business to approach financial decisions with sound information and sufficient resources.
Monday, 27 February 2017
BUDGET
Define your short-, medium- and long-term goals in order to have a better idea of how much money you will need to save to reach those goals.
financial management
Companies have ambitious plans for growth. Few ever realize them. In their book Profit from the Core, Chris Zook and James Allen report that between 1988 and 1998, seven out of eight companies in a global sample of 1,854 large corporations failed to achieve profitable growth. That is, these companies were unable to deliver 5.5% annual real growth in revenues and earnings while earning their cost of capital . Yet 90% of the companies in the study had developed detailed strategic plans with much higher targets.
money control
Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.
Making money creating
Making money and creating wealth is one of my weakest areas knowledge wise when it comes to self improvement.So I thought it would be useful for me and hopefully for you too to put together a list of some of the best quotes on wealth and money that I have come across.
management risk
A risk management strategy provides a structured and coherent approach to identifying, assessing and managing risk. It builds in a process for regularly updating and reviewing the assessment based on new developments or actions taken.
FOCUS
Create a set of milestones that will help you move towards your goals without losing your focus.
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