What impact does business development have on finances?

[Shavkat]

Any corporation that wants to stay in business will almost certainly accumulate debt. For the majority of companies, large or small, using borrowed money is routine procedure. The price of the goods or services the business offers are calculated to include the cost of borrowing money.

 

[cherry123]

Well if the profit of the business is high then the impact will be s high one but if it is low then impact will be low.

Post automatically merged: Dec 16, 2022

Well if the profit of the business is high then the impact will be s high one but if it is low then impact will be low.

 

[Stardom22]

The reality is that operation of any business with borrowed money can cause further business financial constraints

 

[cherry123]

The reality is that operation of any business with borrowed money can cause further business financial constraints

But at the same time if the business prosper with the money the impact will be positive on the finance

 

[Starmix]

It's normal to borrow money in a bank to augment the capital of the entrepreneurs if their finances are not sufficient.

 

[cherry123]

Banks are always ready to loan money but the problem is always of high interest which one nerds to he careful

 

[Starmix]

It's not good to apply for a loan from a bank, failure to pay in a single month means surcharging the interest. Better save enough money to serve as business capital o avoid financial problems.

 

[Hate2Wait]

When a business is planning for development like developing a new product or products they need to take into account everything and should accordingly manage finance

 

[Starmix]

A company may not put up another business without approval from the business partners so if approved they can plan how and where to get the source for a capital.

 

[flower]

If a business develops and it makes progress is going to have a positive impact on finances.

 

[hastral45]

Finances on the other hands has more impact on business development. When a business has a good finances, it would enjoy greater development

 

[Chibson]

Finances on the other hands has more impact on business development. When a business has a good finances, it would enjoy greater development

Any businessman who has finances will likely be successful in the business venture especially when he understands properly how such a business works. Money is needed to advertise the business.

 

[uptrendfinancialsignal]

The business development has a huge impact on the enhancement of the company's financials.

 

[Heatman]

Any corporation that wants to stay in business will almost certainly accumulate debt. For the majority of companies, large or small, using borrowed money is routine procedure. The price of the goods or services the business offers are calculated to include the cost of borrowing money.

Business development is majorly dependent on the promotion and marketing of the business which is why you have to find a way to curtail the expenses it comes with, so that your finances will not be overblown by marketing debt.

 

[Niyi Briggs]

I won't like to run a business based on debts. It complicates a business' finances and makes further expansion constraining. It also reduces the profits available to the business owner.

 

[Chibson]

I won't like to run a business based on debts. It complicates a business' finances and makes further expansion constraining. It also reduces the profits available to the business owner.

I think it depends on the kind of business you want to go into and the level of finances you have. Sometimes if you do not have a lot of money you have no other option than to take loan.

 

[Bisolami]

Well if the profit of the business is high then the impact will be s high one but if it is low then impact will be low.

Post automatically merged: Dec 16, 2022

Well if the profit of the business is high then the impact will be s high one but if it is low then impact will be low.

The higher the capital, the higher the profit and the higher the impact.

 

[Niyi Briggs]

I think it depends on the kind of business you want to go into and the level of finances you have. Sometimes if you do not have a lot of money you have no other option than to take loan.

Every business has a basic level. It is better to start at the basic level with what you have and grow from there than taking a loan and making life difficult for yourself and the business.

 

[Bisolami]

Every business has a basic level. It is better to start at the basic level with what you have and grow from there than taking a loan and making life difficult for yourself and the business.

You are right
Starting at the basic level will just be a way of test running the business before you take a loan for it

 

[Niyi Briggs]

You are right
Starting at the basic level will just be a way of test running the business before you take a loan for it

People start businesses and for 6 months, they don't make any profits. That's the building phase of the business. How would such a person payback if the business was started with a loan? Banks don't hear excuses when it comes to repayment o.