Guide to Starting and Operating a Small Business | 2018 Guide to Starting and Operating a Small Business - Page 60

Benefits of Financial Management Quality financial management offers many benefits to you as a business owner. Financial management includes bookkeeping, projections, financial statements, and financing, which forms the foundation for reaching your goals through sound business decisions. Financial management is one of your main avenues to success as a business owner. Financial man …•΅•ΉΠ₯́ё”έ…δε½Τ­Ή½ά₯˜ε½Τ…Ι”΅…­₯Ήœ„ΑΙ½™₯ΠΈ₯Ή…Ή₯…°΅…Ή…•΅•ΉΠ‘•±Άε½Τ‘•₯‘”)έ‘…Ёε½Τ…Έ…™™½Ι₯ΈΡ•Ι΅Μ½˜ΝΡ½Ι”½Θ½™™₯”±½…Ρ₯½Έ°₯ΉΩ•ΉΡ½ΙδΑΥɍ‘…Ν•Μ°•΅Α±½ε••Μ°…Ή•ΕΥ₯Α΅•ΉΠΈe½ΤΉ••)Ν½ΥΉ™₯Ή…Ή₯…°₯Ή™½Ι΅…Ρ₯½ΈΡΌΝ•Πε½ΥȁΑΙ₯•Μ…ΉΝ•±•Πε½ΥȁٕΉ‘½ΙΜΈ₯Ή…Ή₯…°΅…Ή…•΅•ΉΠ₯ٕ́ε½ΤΡ‘”Ρ½½±ΜΡΌ)Α±…Έ™½Θ½Ω•Ι…±°‰ΥΝ₯Ή•Ν́Ι½έΡ °™½Θ‘₯Ω•ΙΝ₯™₯…Ρ₯½Έ½˜ε½ΥȁΑΙ½‘ՍЁ±₯Ή•Μ°½Θ™½ΘΙ•…‘₯ΉœΉ•ά΅…Ι­•ΡΜΈ₯Ή…Ή₯…°)΅…Ή…•΅•ΉΠ‘•±Άε½Τ‘•₯‘”έ‘₯ ΑΙ½‘ՍΡΜ°Ν•ΙΩ₯•Μ°…Ή΅…Ι­•Ρ́…Ι”ΑΙ½™₯Ρ…‰±”Έ™™•Ρ₯Ω”™₯Ή…Ή₯…°΅…Ή…•΅•ΉΠ)₯ٕ́ε½ΤΡ½½±ΜΡΌ‘…ΙЁε½Υȁ½ΥΙΝ”₯ΉΡΌΡ‘”™ΥΡΥΙ”°…‘©ΥΝЁε½Υȁ‘₯Ι•Ρ₯½Έέ‘•ΈΉ••‘•°…Ή‘•±ΐε½Τ™₯Ήε½Υȁ݅δ)ёɽ՝ ‘…±±•Ή₯ΉœΡ₯΅•ΜΈ%˜ε½Υȁ‰ΥΝ₯Ή•Ν́Ι½έΡ Ι•ΕΥ₯ɕ́™₯Ή…Ή₯Ήœ€‘±½…ΉΜ€°™₯Ή…Ή₯…°΅…Ή…•΅•ΉΠΑΙ½Ω₯‘•ΜΡ‘”)₯Ή™½Ι΅…Ρ₯½ΈΡΌ­Ή½ά‘½ά΅Υ ε½Τ…Έ…™™½Ι™½Θε½Υȁ‰ΥΝ₯Ή•ΝΜΈ₯Ή…Ή₯…°΅…Ή…•΅•ΉΠ₯ٕ́ε½ΤΉ½Π½Ή±δΡ‘”)‘½Υ΅•ΉΡ…Ρ₯½ΈΉ••‘•™½Θ„±½…Έ…ΑΑ±₯…Ρ₯½Έ°‰ΥЁ…±ΝΌ‘•±Άε½Τ‘₯͍ΥΝ́ε½Υȁ‰ΥΝ₯Ή•Ν́₯ɍաΝΡ…Ή•Μέ₯Ρ „±•Ή‘•Θ₯Έ)ѕɡ́ё…Ё₯΅ΑΙ½Ω”ε½Υȁ…‰₯±₯ΡδΡΌΕΥ…±₯™δ™½ΘΡ‘”±½…ΈΈ) Ι•…Ρ₯Ήœ„‰Υ‘•Π₯́ё”™₯ΙΝЁΑ±…”ΡΌΝΡ…ΙЁέ₯Ρ ε½Υȁ™₯Ή…Ή₯…°΅…Ή…•΅•ΉΠΑΙ…Ρ₯”Έ‰Υ‘•Π₯́„±₯ΝЁ½˜…±°ε½ΥΘ€‘΅½ΉΡ‘±δ)½Θε•…ɱ䀁•αΑ•ΉΝ•Μ°½Ι…Ή₯镐‰δ…Ρ•½Ι₯•ΜΈ‰Υ‘•Π₯́„Ρ½½°Ρ‘…Ё‘•±Άε½Τθ+ŠˆQΙ…¬…±°ε½Υȁ‰ΥΝ₯Ή•Ν́•αΑ•ΉΝ•Μ+ŠˆA±…Έ™½ΘΡ‘”™ΥΡΥΙ”+Šˆ½Ή½΅₯锁ݑ•Έε½ΤΉ••ΡΌ+ŠˆA±…Έ™½Θ•αΑ…ΉΝ₯½Έ+Šˆ5…­”„ΑΙ½™₯Ё=Ή”ε½ΤΙ•…Ρ”„‰Υ‘•Π°ΥΝ”₯ЁѼ½΅Α…Ι”έ‘…Ёε½ΧŠeΩ”‰Υ‘•Ρ•έ₯Ρ ε½Υȁ…ΡΥ…°•αΑ•Ή‘₯ΡΥΙ•ΜΈ)₯Ή…Ή₯…°I•½Ι‘­••Α₯Ήœ)ΥΙ…Ρ”…Ή½΅Α±•Ρ”™₯Ή…Ή₯…°Ι•½Ι‘́…Ι”Ρ‘”‰…Ν₯́½˜ΥΉ‘•ΙΝΡ…Ή‘₯Ήœ…Ή΅½Ή₯Ρ½Ι₯ΉœΡ‘”‘•…±Ρ ½˜ε½Υȁ‰ΥΝ₯Ή•ΝΜΈΈ)…½ΥΉΡ…ΉΠ½Θ‰½½­­••Α•Θ…Έ‰”₯Ή‘₯ΝΑ•ΉΝ…‰±”ΡΌ„Ή•ά½ΘΙ½έ₯Ήœ‰ΥΝ₯Ή•ΝΜ°Ή½Π½Ή±δ…́„™₯Ή…Ή₯…°Ι•½Ι­••Α₯Ήœ)Ν•ΙΩ₯”‰ΥЁ…±ΝΌ…́„­•δ…‘Ω₯͕ȁ½ΈΡ…α•Μ°…Ν ™±½ά°Α…εΙ½±°°Ι•‘₯Π°…ΉΝεΝΡ•΅Μ΅…Ή…•΅•ΉΠ…Ή‘…Ή•Μέ₯Ρ‘₯ΈΡ‘”)Ρ…ΰΝεΝΡ•΄Έ½½™₯Ή…Ή₯…°Ι•½Ι‘­••Α₯Ήœ…±±½έ́ε½ΤΡΌΙ•…Ρ”Ι•Α½ΙΡ́½˜ΥΙΙ•ΉΠ‘…Ρ„ΝΌε½Τ…Έ½΅Α…Ι”ε½ΥȁΝΡ…ΡΥΜ)ΡΌε½Υȁ™₯Ή…Ή₯…°Α±…Έ…Ή½Ω•Ι…±°‰ΥΝ₯Ή•Ν́Α±…ΈΈ%Ё₯́•ΝΝ•ΉΡ₯…°ΡΌΙ•Υ±…Ι±δΙ•Ω₯•ά…Ή½΅Α…ɔ쁕م±Υ…Ρ”Ρ‘”Ι•…Ν½ΉΜ™½Θ)‘₯™™•Ι•Ή•Μ°έ‘•Ρ‘•ΘΑ½Ν₯Ρ₯Ω”½ΘΉ•…Ρ₯ٔ쁍½ΉΝ₯‘•Θ‘…Ή•ΜΡΌ‰ΥΝ₯Ή•Ν́…Ρ₯Ω₯Ρδ쁅Ή°₯˜Ή••ΝΝ…Ι䰁…‘©ΥΝЁё”‰ΥΝ₯Ή•ΝΜ)…Ή™₯Ή…Ή₯…°Α±…ΈΈ)M•Α…Ι…Ρ” …Ή¬½ΥΉΠ)́ͽ½Έ…́ε½ΤΝΡ…ΙЁ…•ΑΡ₯Ήœ½ΘΝΑ•Ή‘₯Ήœ΅½Ή•δ…́ε½Υȁ‰ΥΝ₯Ή•ΝΜ°ε½ΤΝ‘½Υ±½Α•Έ„‰ΥΝ₯Ή•Ν́‰…Ή¬…½ΥΉΠΈ ½΅΅½Έ)‰ΥΝ₯Ή•Ν́…½ΥΉΡ́₯Ή±Υ‘”„‘•­₯Ήœ…½ΥΉΠ°Ν…Ω₯ΉΜ…½ΥΉΠ°Ι•‘₯Ё…ɐ…½ΥΉΠ°…Ή„΅•Ι‘…ΉΠΝ•ΙΩ₯•Μ)…½ΥΉΠΈ5•Ι‘…ΉΠΝ•ΙΩ₯•Μ…½ΥΉΡ́…±±½άε½ΤΡΌ…•ΑЁΙ•‘₯Ё…Ή‘•‰₯Ё…ɐΡΙ…ΉΝ…Ρ₯½ΉΜ™Ι½΄ε½ΥȁΥΝΡ½΅•ΙΜΈ)5½ΝЁ‰ΥΝ₯Ή•Ν́‰…Ή¬…½ΥΉΡ́½™™•ΘΑ•Ι­ΜΡ‘…Ё‘½ΈΠ½΅”έ₯Ρ „ΝΡ…Ή‘…ɐΑ•ΙΝ½Ή…°‰…Ή¬…½ΥΉΠΈ+ŠˆAΙ½Ρ•Ρ₯½Έθ ΥΝ₯Ή•Ν́‰…Ή­₯Ήœ½™™•Ί±₯΅₯Ρ•Α•ΙΝ½Ή…°±₯…‰₯±₯ΡδΑΙ½Ρ•Ρ₯½Έ‰δ­••Α₯Ήœε½Υȁ‰ΥΝ₯Ή•Ν́™ΥΉ‘Μ)Ν•Α…Ι…Ρ”™Ι½΄ε½ΥȁΑ•ΙΝ½Ή…°™ΥΉ‘ΜΈ5•Ι‘…ΉΠΝ•ΙΩ₯•Μ…±ΝΌ½™™•ΘΑΥɍ‘…Ν”ΑΙ½Ρ•Ρ₯½Έ™½Θε½ΥȁΥΝΡ½΅•ΙΜ)…Ή•ΉΝΥɕ́ё…Ёё•₯ȁΑ•ΙΝ½Ή…°₯Ή™½Ι΅…Ρ₯½Έ₯͕́ΥΙ”Έ+ŠˆAΙ½™•ΝΝ₯½Ή…±₯Ν΄θ ΥΝΡ½΅•Ίέ₯±°‰”…‰±”ΡΌΑ…δε½Τέ₯Ρ Ι•‘₯Ё…ɑ́…Ή΅…­”‘•­Μ½ΥЁѼε½Υȁ‰ΥΝ₯Ή•ΝΜ)₯ΉΝΡ•…½˜‘₯Ι•Ρ±δΡΌε½ΤΈA±ΥΜ°ε½Τ±°‰”…‰±”ΡΌ…ΥΡ‘½Ι₯锁•΅Α±½ε••ΜΡΌ‘…Ή‘±”‘…δ΅ΡΌ΅‘…䁉…Ή­₯ΉœΡ…ͭ́½Έ)‰•‘…±˜½˜Ρ‘”‰ΥΝ₯Ή•ΝΜΈ+ŠˆAΙ•Α…Ι•‘Ή•ΝΜθ ΥΝ₯Ή•Ν́‰…Ή­₯ΉœΥΝΥ…±±δ½΅•Μέ₯Ρ Ρ‘”½ΑΡ₯½Έ™½Θ„±₯Ή”½˜Ι•‘₯Ё™½ΘΡ‘”½΅Α…ΉδΈQ‘₯Μ)…Έ‰”ΥΝ•₯ΈΡ‘”•Ω•ΉΠ½˜…Έ•΅•Ι•Ήδ°½Θ₯˜ε½Υȁ‰ΥΝ₯Ή•Ν́Ή••‘́Ή•ά•ΕΥ₯Α΅•ΉΠΈ+ŠˆAΥɍ‘…Ν₯ΉœΑ½έ•Θθ Ι•‘₯Ё…ɐ…½ΥΉΡ́…Έ‘•±ΐε½Υȁ‰ΥΝ₯Ή•Ν́΅…­”±…ɝ”ΝΡ…ΙΡΥΐΑΥɍ‘…͕́…Ή‘•±ΐ)•ΝΡ…‰±₯Ν „Ι•‘₯Ё‘₯ΝΡ½Ι䁙½Θε½Υȁ‰ΥΝ₯Ή•ΝΜΈ+Šˆ₯Ή…Έ…½ΥΉΠέ₯Ρ ±½ά™••Μ…Ή½½‰•Ή•™₯ΡΜ(Τΰ