How can a business provide financial security for itself

Bisolami · Dec 3, 2022

cherry123 said:
Sure, for the business to be a counted for properly an accountant needs to be hired for the business

And they need to know the background of the accountant. The accountant must be a very active one so that he or she will be able to account for all the spending of the company

hastral45 · Dec 3, 2022

Bisolami said:
And this is why they need a very good accountant that can account well for all the money that goes out and comes in

Having the best accountant in the world to manage the financial aspects of a company does not guarantee the successful operation of that company. The company just need to maintain good managerial policy.

Magnus2022 · Dec 3, 2022

Normally, a business must have an account specifically for expenditure and maintenance. Like in my shop, I use to take some amount of my profit and keep it in a separate account for maintenance and running of the business.

Bisolami · Dec 3, 2022

I understand your point but a good manager, financial advisor and good accountant can help to sustain the business

hastral45 said:
Having the best accountant in the world to manage the financial aspects of a company does not guarantee the successful operation of that company. The company just need to maintain good managerial policy.

uptrendfinancialsignal · Jan 13, 2023

Business will definitely give you financial security because it is one of the best ways to earn and if you're lucky to have a better business that is given you more profit, it will be better.

Bisolami · Jan 13, 2023

uptrendfinancialsignal said:
Business will definitely give you financial security because it is one of the best ways to earn and if you're lucky to have a better business that is given you more profit, it will be better.

This is why we should always engage in business that we know so that we will make profit from the business

Reedex · Jan 13, 2023

A well-planned and a successful business would give you a financial freedom and that also translate to financial security, which is what everyone would want.

Bisolami · Jan 13, 2023

lens said:
A well-planned and a successful business would give you a financial freedom and that also translate to financial security, which is what everyone would want.

You are right and if there is anyone out there who engages in a business that does not giving financial freedom it means that the person needs to work harder

How can a business provide financial security for itself

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