TIPS TO HELP YOU MANAGE YOUR FINANCE

No matter what an individual, a corporate body, a self employed, a ministry, a college or a government are doing they need a financial foresight to be getting ahead and staying ahead.
Money will run to anyone who understand how to use it.

You need to be well informed on effective financial management. Why do companies fail? The risk of money involved in business as a working capital is as a result of lack of financial prudence. It could lead to excessive borrowing ; thereby pose a threat to the growth of the business. Though there are many ways companies or individual firm can fold - up are :

A. Increase in borrowing

B. Low profitability and.

C. Low liquidity etc

In managing, 5 major things to be considered are below :

A. Working capital

B. Gain

C. Capital employed

D . Cost and

E. Capital structure .

A. The working capital : is the part or whole money being used to operate the business. This makes possible the production, marketing or distribution of goods and services. It must be managed properly to avoid wastage.

B. Gain : it is the money receive less cost of production . This is different from the working capital. The gains must be saved. It must not be added to working capital except you want the business to be compounded. It could be used for expansion .

C. Capital employed : it has a direct influence to generate revenue, cost and profit. It can act as form performance indicators and it represents operations capability and competence. Also it is the revenue generational capacity, quality and volume. It is assets to generate value and customers service. It slow cost and profit generation in two phases productivity and operational efficiency.

D. Capital structure : this involved

different source of financial used in the business . The capital or fund are made to strengthen the business specially the period of economic melt down.

E. Cost : Business results, indicating all expenses incurred by the use depends on an individual ability to manage and control cost in order to enhance profitability ..

TOP SECRET TO MAKE MONEY AFTER SECONDARY SCHOOL

Do not worry. Sit down and have a rethink. There are hidden treasures that are needed to be tapped here . Be prayerful and ask God for a proper direction . Look ! People opened a shop without a kobo people have gone to school without a kobo. People have started churches without being sponsored . People have married without a dine. Many of these are bigger responsibilities than operating business . You can start farm clearing on your family land, then, farm on it without dine.

HOW TO RAISE MONEY FROM LITTLE SAVINGS.

If you have finished secondary school, no work . Find home teaching around your home where you will not spend a kobo . Let your employer to know about you and make sure you are in agreement of time to start, lecture duration, days to attend, money to be paid within a week or month. Have several home teaching works . Says five homes, be able to save part of them after sometime, you can start a business of your choice established from the little amount saved.

If you do not go to the primary school or you have to. Find people around that you can help wash clothes, then after you iron it. Go to many people likewise in a month you can save part of the money . Go the house around you , think of what you can offer to life, what that person cannot do. Imagine how you can approach someone to do it with agreement. Most billionaire you are seeing on the street did worst jobs. Rather than resort to criminal activities that God did not destined for you.

There are a lot of people out there that wanted someone to come making things done. " Not how far, but how well" how you start now matters . That is either a success or a failure depends on your choice..

B. BE AFRAID TO FAIL. Know that there will be success and there will be failure. Read books about risk management to bullet proof yourself from it.

Experience has taught me how to handle risk. Be broadminded, plan and choose the best alternative in achieving your goals. Risk management what is it about? The process of making strategic choices and allocating resources to implementing plans give rise to a risk.

It could be risk of :

A. Value loss.
B. Time scale
C. Resource commitment

When your strategy is unsuccessful and the business experience losses to investors criticisms. But when the strategy is successful investors will be committed to the business.
Risk can be avoidable by making strategic risk assessment, within the process of handling business, knowing your clients risk aversion and return time to you prepare long term .

Know it is a risk free or if risk is certain, then negotiate, evaluate and plan up to manage that risk or you do without it. Avoid greed and bad adviser, a risk will far from you.