Thread:Financial Management in SMEs (10)

Hi Naomi, Business is there to survive, grow and make profit. Knowledge of financial management is crucial for youth entrepreneurs as without it, there would be no way to judge the “financial health” of a business. For youth entrepreneurs running two businesses, it would impossible to know which business is having a positive/adverse effect on the other if financial skills are lacking. Ultimately, business is about making profit and as such gaining the necessary financial management know-how brings this objective to reality.