101 Myths About Financial Management

Author: Michael Jordan
Publisher:
Publish Date: 2003-03-01
Features: The financial management ability of an entrepreneur plays a crucial role in the survival and development of a business. A successful entrepreneur must possess strong financial management skills. On the other hand, the failure of a business is often due to the lack of such ability in its, who cannot find effective funding and creatively utilize it, thereby hindering the healthy growth of their enterprise. Therefore, business managers should focus on cultivating and improving their financial management skills. When facing financial shortages, they should be able to promptly secure funding sources to help the company overcome difficulties. In daily financial management, they should be able to reduce costs and improve the utilization of funds, achieving both "increasing revenue" and "saving expenses" simultaneously.