5 STAR READ DON'T THINK TWICE!!!!!

I really enjoyed this course and learnt a lot. The presenter is easy to understand with his London accent. Some of the training is very technical and he is very knowledge. I work as a project manager so this will help me giving presentations of the results of our team.

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interesting and fun

Interesting and informative read if you need help understanding anything finance-related! Very well written, the author is very smart and experienced in this subject.

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A Simple Beginners Guide

Very informative book especially for people who are financially illiterate and want to know the ins and outs of basic finances

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Priceless!

Management is the regulation of an organization, which could be a business, a non-profit organization, or even a government body. Management consists of the processes of setting the strategy of a firm and directing the efforts of its employees or volunteers (if any). Management is done to achieve its goals through the use of available resources. The available resources could be financial, technological, natural, or human resources. The word "management" could also be used to refer to those individuals who manage an organization. Well, the truth is that the word management has grown into a professional word. People now take vocational courses in management and hence, it is their profession. However, your business does not need this right now. You cannot afford to pay an expert as a startup. Why?

a. You have no much resource that would require much professionalism.

b. You should look for means to cut expenses and not add to it. Getting an expert is an additional cost.

c. You need to do the management yourself because only you understand best, how you raised the money.

There is no big deal in managing your business. As time grows and your business expands, you will get experts to review things for you.

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11 people found this helpful

A lot of actual learning in a very engaging way.

Leasing is not a new introduction. It has been in vogue for a very long time. Many businesses lease out their property for office space, retail facility, farmland, production plants, vehicles, etc. Both the lessee and lessor are at advantages. The lessor will gain from capital appreciation and take tax benefits on the property or item. While the lessee also makes little payments for what he could have paid more for and can walk away from the equipment after he satisfactorily used the equipment based on the set terms and conditions.

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Making money in the land of opportunity.

A wise saying is that "proper planning prevents poor performance." This statement is very valid because it all starts with planning. This is also called forecasting because you are making plans for things that seem not to substantial yet. However, if those things will eventually be significant and will remain, a lot of effort needs to be dedicated to planning them. In planning, it is wrong to rely on your own wisdom. Get the ideas of people who have already done the same line of business and were/are successful at it. Read their books. If you can, ask them questions. All this will expand your scope of view and make you see beyond your current budget. It is better to plan for something way more significant than your budget. Such that when you finally have the bigger capacity, you will effectively manage it too.

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14 people found this helpful

You don't know it, but you have actual wealth.....

You don't know it, but you have actual wealth in your hands!
Well, for a smaller organization, things could be way different because an individual manager may have a much more of a full scope. A single manager may assume that several roles, if not all of the functions of the managers, are commonly observed in a large organization. However, the primary point is that you are a smaller organization, at least for now. Understand what management is about and perform your role effectively, as one. In order to sharpen your skills in management, you can take some professional courses. They do not take an eternity for completion. In eighteen months or two years, you are done and can keep rolling. Management is major.

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Pure Gold

There are numerous ways people have directly approached possessing money in abundance. All this is to ensure that they have what they think is needed to launch something. However, a vital question we may need to ask these men are, what do you see? Are you seeing how wealthy you want to become, which makes you want to make more money? Or will you choose to accept whatever the economy brings your way? This question will be the thrust that will prompt you to make important decisions such as the amount of money you want to raise for a startup. According to the business magnates, we now have different ways you can generate money for a startup. However, you must know these people have different approaches and because it has worked for them, any other method is not ideal. For example, merchant A used approach X and he is now one of the top businessmen in the world. Merchant B used approach Y and he is now one of the top businessmen in the world too. It would be challenging for merchant A to agree that any other approach is better than his X. The same goes for merchant B and his approach Y. Nevertheless, you should see something else. First of all, how rich do you want to be? How much money do you want? Is your appetite limited or vast and “wild” enough for a considerable amount of money for a startup? Only then can you successfully know the most suitable approach for you and how you can follow it. You must also know that becoming rich is not a bed of roses. It of course does not come easily for most, but one needs a lot of responsibility for it. Once you are ready to pay for this task, you are good to go.

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8 people found this helpful

Insight into consulting, leadership and influence.

Trade credit only applies to regular customers. If you have been a “regular” customer for any organization for 30, 60, or 90 days, you can expect the supplier to extend your credit and not charge interest. For instance, your supplier delivers your raw materials after you have ordered them. You can arrange terms with him such that you have 60 days on the receipt from when the goods were provided. This gives you an extra 30 days to pay for the items you purchased. Well, you may not be able to bank on this as the first approach because you have to earn the confidence of your supplier, which can only come by placing many transactions. However, with an adequately prepared financial plan, you might be able to negotiate appropriately. You can meet up directly with the supplier and both agree on some terms which sometimes have conditions along with them. The supplier may start with partial credit on your orders and as time lapses, if your fidelity is strong enough, he will probably consider you for better offers. You can also borrow such money to pay for your inventory, but this may come with interest charges. More importantly, you must know that trade credit is suitable for retail operations and short-term needs. You can even attract more competitive suppliers who are ready to offer lower prices and more reliable delivery.

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3 people found this helpful

practical advise

Great financial advice for anyone struggling to start and live on a budget. And a great reminder and affirmation for people who are already trying to do so. Kudos!

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