Looking for a simplified money management technique
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tomkin
Apprentice
Joined: 06 Sep 2005
Posts: 5
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 Posted: 07/17/08 - 07:12 Post subject: |
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| I have been planning to start a business and I expect to get a pretty good profit from it. I will be mostly in trading and I seek to assure the best possible position. Now, I would like to know a simplified money management technique. If anyone could help that would be great. |
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amby
Apprentice
Joined: 05 Jun 2004
Posts: 11
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| Posted: 08/15/08 - 22:34 Post subject: |
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| If you want to run a serious business, you have to be very focused on forecasting the sales. It is crucial because it will tell you on the one hand whether your business strategy is working, and on the other hand you will be able to make a detailed business plan, counting future profits from sales in it. Money management is very important because your further investments need to be timely. To be able to do that, you need to know how much money you are currently spending and how much money you need to put into each segment of your business running. I suggest you go to http://www.moneymanagement.com.au in order to learn about some simple techniques. |
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