Entrepreneurs need to be financially literate. The most common
cause of business failure is poor financial control stemming from
an ignorance of the basics of business finance. Practical Financial
Management is intended to help those who find business finance
confusing. Now in its eighth edition, it continues to provide
advice on proper financial planning and control, and reinforces
essential points through the use of questions within each section.
Beginning with an introduction to the key financial statements, it
moves on to look at the tools of financial analysis - the keys to
controlling a business successfully. The final part of the book
deals with business planning and budgeting, a vital area of
business finance as most new ventures cannot get off the ground
without a business plan, and existing businesses cannot expand. Now
with more examples and explanations of key terms, as well as
information on loans for small businesses and guidance on how to
analyze business accounts, Practical Financial Management is an
invaluable read for aspiring entrepreneurs and those already in
business. This book could mean the difference between success and
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