Our Finance section covers topics of managerial finance. How to properly make business decisions based on financial data for your company.
  • Reasons Why Financial Forecast is Important for Your Business


    Ever wondered what financial forecast is, and whether you needed it? When most start-up companies work and hope things work out, Financial forecast prepares you for the worst, giving you a smooth and more predictable outline of events. A forecast is a blueprint that gets you from your potential point to the final destination. It utilizes chronicled information and analysis of the industry and practically identical organization patterns to illuminate your best courses of action and foresee the results. A financial forecast gives you the reins to move your organization where you need to go in all aspect of success. As it is well known that finance is the backbone of any organization, be it...
  • 4 essential financial indicators that every business owner must follow


    The biggest mistake of (almost) every entrepreneur Every business owner must keep an eye on all areas of his business. Since the financial indicators to sales, production and inventory figures. The problem is that this general view can often make the manager unaware of the true details of his finances. In my opinion, one of the biggest mistakes most business owners make is a cursory look at their finances. If you believe that knowing your income, expenses, and whether you make a profit or a loss is enough, think again. Nowadays it is important to know these 4 indicators in order to make convincing and informed decisions: 1. Financial margin - contribution margin This is perhaps the most ...