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what financial strategies?? (1 Viewer)

study69

New Member
Joined
Oct 20, 2005
Messages
10
this might be a bit broad and general

but what are financial strategies to improve a business??
 

exa_boi87

aka biomic
Joined
Apr 3, 2005
Messages
216
Location
Hornsby
Gender
Male
HSC
2005
Depends on what area of the business you wish to improve ...

You've got management of Working Capital and its influential factors through:

WC Management - Factoring, Leasing, Sale and Lease back
CA Management - Budgeting
CL Managament - Budgeting
Recievables Management - Factoring, Creit Policy, Discounting
Inventory Management - JIT

Effective profitability management involves the consideration of cash flows, revenue and cost:

CashFlow Management: CashFlow Statements, Management Skills (Allocation of Funds/Resources, Discounts)
Cost Management: Cost Centers, Expense Minimisation, Reduction in Fixed/Variable Costs
Revenue Control: Pricing Policy, Sales Mix, Sales Objectives

Good Luck ;) .... of course theres a whole lot more if youre talking about a global business under 'financial management'
 

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