HERE COMES A NEW TOPIC: FINANCIAL MANAGEMENT-BOTH YOUR ONLINE AND ONLAND BUSINESS

FINANCIAL MANAGEMENT


FINANCIAL MANAGEMENT IS AN IMPORTANT ASPECT IN MANAGING YOUR BUSINESS EITHER ONLINE OR ON LAND. IT IS A CONCEPT THAT MUST BE FOLLOWED UP AS AN INDIVIDUAL OR A GROUP.

FINANCIAL MANAGEMENT IS THE MANAGERIAL PLANNING AND CONTROL OF FINANCIAL RESOURCES OF A BUSINESS TO ACHIEVE THE OBJECTIVE OF THE BUSINESS. IT INVOLVES A RIGOROUS ANALYSIS OF INVESTMENT OF HOW ORGANIZATIONS FUND ITS ASSETS AND OBTAIN THE BEST MIX OF FINANCING AND DIVIDEND IN RELATION TO OVERALL MARKET VALUATION OF THE FIRM. THE CONTEMPORARY OBJECTIVES OF A LIMITED LIABILITY COMPANY ARE DIVIDED INTO THE FINANCIAL AND NON-FINANCIAL OBJECTIVES.



THIS IS GOING TO BE BROAD SERIES OF EXPLANATIONS AND I WILL ENSURE I EXPLAIN DETAILS OF THE CONCEPT IN MY DIFFERENT POSTS STARTING FROM THIS VERY ONE. NOW, LET US GO STRAIGHT AWAY TO LISTING EXAMPLES OF THE OBJECTIVE TYPE GIVEN ABOVE.
HERE ARE THE FINANCIAL OBJECTIVES;

* TO PRODUCE AN ADEQUATE RETURN FOR SHAREHOLDERS, THAT IS MAXIMIZATION OF SHAREHOLDER WEALTH
* TO IMPROVE PRODUCTIVITY
* TO MAINTAIN A CONTENTED WORKFORCE
* TO MAXIMIZE PROFIT AND SURVIVE AUTOMATICALLY
* TO GIVE THE HIGHEST QUALITY SERVICE TO CUSTOMER
TO BE A MARKET LEADER

AND THE NON-FINANCIAL OBJECTIVES;

* ACTING AS A RESPONSIBLE MEMBER OF THE COMMUNITY WITHIN WHICH THE FIRM OPERATES
* MAKING FINANCING AND CAREER DEVELOPMENT A PROIRITY
* MAINTENANCEOF GOOD RELATIONSHIP WITH CUSTOMERS AND SUPPLIERS AND ACTING ETHICALLY


LET ME GIVE YOU THIS ALL IMPORTANT POINT THAT THE NON FINANCIAL OBJECTIVES ARE NOT IN DIRECT OPPOSITION TO THE AIM OF MAXIMIZING FINANCIAL VALUE BUT MAY EVEN CONTRIBUTE TO IT BY IMPROVING THE IMAGE AND POPULARITY OF THE FIRM.

LADIES AND GENTLE MEN I CANNOT EXHAUST EVERYTHING ABOUT THIS TOPIC IN THIS SINGLE POST. THE NEXT POST WILL BEGIN WITH THE ANALYSIS OF FINANCE DECISIONS WHICH INCLUDE FINANCING DECISION, INVESTMENT DECISION AND DIVIDEND DECISION.KEEP IN TOUCH WITH THIS SITE AND WATCH OUT FOR MY NEXT POST.

KIND REGARDS AND GOODLUCK IN YOUR BUSINESS VENTURES ONLINE AND ONLAND.