Small Business Financial Operations

Author: [UK] Barrow / Ma Sheng / Shen Zhiyan
Publisher:
Publish Date: 2002-01-01
Features: This book begins by introducing the key financial statements. These critical "building" elements are often overlooked by entrepreneurs who are trying to find reasons for poor profitability and negative cash flow. Building on this foundation, the second part explains financial analysis tools—the key to successfully managing a business. Imagine driving a car without any instruments; this is the consequence of operating a business without financial control. The third part covers business planning and budgeting. Without a feasible business plan, most new businesses cannot take off, and existing businesses cannot grow. This section includes a full chapter dedicated to an important task in developing a business plan. Creating the right business plan is crucial because it is the prerequisite for proper capital utilization.