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Three Fundamental Laws Of Success in Financial Management

Three Fundamental Laws Of Success in Financial Management | テスト1 | Scoop.it

Via Daniel Watson
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Tiffany Crosby's curator insight, October 17, 2013 12:05 PM

These very basics are a start but I wouldn't say that you could end there. Part of being able to do this well is to understand your profit drivers. To do this you need to understand your costs, your sources of revenue, and your competitive position. With this understanding, you are in a better position to spend wisely and invest differentially. 

harish magan's curator insight, October 25, 2013 11:02 PM

A key tenent to becoming a successful business owner, is to avoid making serious errors in financial management, and the best way to do so is to develop an understanding of the fundamental laws of financial management.

 

Far too many businesses fail to survive due to their disregard for these fundamental laws, and every business owner should make it their business, to develop a clear understanding of the laws of success in financial management.

 

This good article, suggests that there are only three things you need to do to be financially astute in business, and it provides a simple explanation of each law and how it should be applied.

Dennis Staples's curator insight, November 6, 2013 3:05 PM

Three rules to lay the groundwork for a suvccessful business!

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Shehzad and Masood added to Test squad - ESPN Cricinfo

Shehzad and Masood added to Test squad - ESPN Cricinfo | テスト1 | Scoop.it
Ahmed Shehzad and Shan Masood, both of whom are yet to play a Test, have been added to the Pakistan squad for the Test series against South Africa in the UAE - Cricket news from Pakistan v South Africa.
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