How To Manage Your Money Wisely #business, #finance, #investment, #financialfreedom, #money, #budget
Channel: P A T R I C K
Date: 2023-10-26

In this video, I'm focusing on the importance of financial management.
Objectives of Financial Management
Building on those pillars, financial managers help their companies in a variety of ways, including but not limited to:
Maximizing profits: Provide insights on, for example, rising costs of raw materials that might trigger an increase in the cost of goods sold.
Tracking liquidity and cash flow: Ensure the company has enough money on hand to meet its obligations.
Ensuring compliance: Keep up with state, federal and industry-specific regulations.
Developing financial scenarios: These are based on the business’ current state and forecasts that assume a wide range of outcomes based on possible market conditions.
Manage relationships: Dealing effectively with investors and the boards of directors.
Please hit the like button and don't forget to smash the SUBSCRIBE button. 
𝙏𝙝𝙖𝙣𝙠 𝙔𝙤𝙪 𝙁𝙤𝙧 𝙒𝙖𝙩𝙘𝙝𝙞𝙣𝙜!  Please 
╔═╦╗╔╦╗╔═╦═╦╦╦╦╗╔═╗
║╚╣║║║╚╣╚╣╔╣╔╣║╚╣═╣ 
╠╗║╚╝║║╠╗║╚╣║║║║║═╣
╚═╩══╩═╩═╩═╩╝╚╩═╩═╝
Have a wonderful day.       P@t