Losing control of the finances in business is a disaster

[Starmix]

Yes, it is true that losing control of the finances in business is a disaster. As a business owner, you must see to it that proper handling and accounting of money is proper and not exceeding. What to do, a business owner must always do proper accounting through his accountant and bookkeeping, inventory as planned, and check the receipts on the counter if they match the items that were sold. Also, scrutinize the receipts handled by the property custodian, there might be discrepancies to mean tampered prices. If the business owner won't do this, time comes, his business will go bankrupt because of mishandling.

 

[cherry123]

Yes, because business hinges a lot on its funding. if you lose huge finances in the business then you want to somehow kill the business

 

[eldavis]

If possible it would be best to hire someone who can help you manage your finances if you are not that good in that aspect.

 

[Starmix]

If we lack control of our expenditures, that will surely happen losing some profits because of extravagance.

 

[nomad]

Yes, it you cannot manage finance it will be a disaster in a business as well as your personal life

 

[Starmix]

One needs to be very careful in managing the business for it might not be able to step up to the next level.

 

[Shavkat]

It is so evident with the common issue in business and that is, mismanagament. If it cannot be controlled, bankruptcy will be the worst outcome.

 

[Starmix]

Yes, because business hinges a lot on its funding. if you lose huge finances in the business then you want to somehow kill the business

Agree woth you, and this kind will be inevitable if there is mismanagement. The business owner must be observant and follow his plans.

 

[Ratine]

Surely It is. I have seen so many business going bankruptcy because of the same thing.

 

[Starmix]

It is a disaster if a business person does not have the self-control to spend the proceeds from his business. Sooner or later, his capital will be drained.

 

[IB D]

Finances are the bedrock of every successful business and losing grip of them can spell disaster for the business. There should be measures to put financial controls in businesses.

 

[Shavkat]

Agree woth you, and this kind will be inevitable if there is mismanagement. The business owner must be observant and follow his plans.

Whatever it takes, businessmen should take the risk not to fail in their businesses. It will surely a disaster if they give up that easily.

 

[Starmix]

Whatever it takes, businessmen should take the risk not to fail in their businesses. It will surely a disaster if they give up that easily.

Bankruptcy will happen if the business owner lacks control of his business. He may let many customers buy on credit to assume of volume sales not withstanding their true colors as bad liabilities.