Thread:Financial Management in SMEs (11)

Naomi
I think before any youth, or any other enterprenuer, starts a business venture, a lesson on managing finances is a critical success factor. Business is not just about binging in money and taking it out in terms of overheads; its about doing these activities in a systematic manner with the goal of maximizing income and minimizing expenses. IT IS COMMON KNOWLEDGE THAT MONEY IS TEMPTING. A training on managing finances instils discipline to controlling money in and money out to ensure that the business grows. When young enterprenuers take financial management lessons, it enables the youth to plan business finances and facilitate the growth of the business since financial management encourages ploughing back profits. --Marcosmburu 16:17, 24 February 2011 (UTC)