Promoting Prudent Financial Management
among the Entrepreneurs in India
A financial plan is a vital tool that helps
entrepreneurs to manage their
businesses more effectively.
For most small business owners, personal finance
and business are practically inseparable.
How to deal with.
Successfully building a profitable business, year after year, has been compared to balancing an egg on your head, while standing barefoot on sharp knives. It’s not easy to do and a wrong decision can be a disaster.
Success in every stage increases confidence, risk appetite and desire to grow higher for all Small & Medium Enterprises (SMEs). However it may also blur the sight of key risks which may harm the business later. It is an established fact that the challenges multiply while moving along the growth path of businesses.
Also it is obvious for all entrepreneurs to keep busy with everyday tasks. They hardly find time to devote attention to certain very important support functions which can make their life happier, more purposeful, strongly supporting their entrepreneurial journey.
For professional guidance, business owners in SME space rely on their own circle of influence including employees, investors, business associates, family and friends to help them strategically decide and tactically implement business objectives. However, this circle of influence approach for business guidance frequently creates decisions that impede business improvement and growth and there are instances of they become victim of conflict of interest.
To Sustain the success, to eliminate blind calls, to remove risky gambles, and to take stock of state of affairs, all SMEs should familiarize themselves with few elements in the field of finance. That will make their financial strategy rewarding.
SMEADVISORS extends knowledge support and provides tools & checklists on these crucial elements. Promoting financial strategy based on prudent financial management among small & medium enterprises in India is its mission.
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If you have queries, suggestions and to know how we can serve you.
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#15, 7th A Main Road,
Muthyalnagar, Bengaluru 560054
Do you have questions about how SME Advisors can help your company? Send us an email and we’ll get in touch shortly.