tips for business finance - mauneel desai
TRANSCRIPT
Business Finance
Business Finance
Business Finance is basically the field of investment. A field where investment is done according to the profits and scoop.
How to Finance a Business
There are several facts which should be kept in mind while investing. As a huge sum of money is invested so before investing you should keep some basic things in your mind. The steps are described in the next slide.
Estimating Costs of Your Business
Determine the one-time costs of your business.
Calculate the recurring costs of your business.
Ascertain whether costs are fixed, or variable.
Create a balance sheet.
Borrowing Money for Your Business
Use equity financing to start your business.
Start your business using debt financing.
Find out about credit scores and ratings.
Maintain an adequate debt to equity ratio.
Financing Your BusinessGet a bank loan.
Place your home up as collateral.
Use your credit card.
Try loaning money from your friends and family.
How to Manage Your FinancesMake Budget
Be honest with yourself about your budget.
Spend Your Money Successfully
Make Smart Investments
For e.g. - Mauneel Desai Mauneel Desai is an expert financial
advisor currently working in Edward Jones financiers and has achieved several projects successfully.