"Purpose of a Business Finance"

Blog #3

April 06, 2022

In my previous blog I stated there that I possible write an article matter this topic and here it is, I finally write tuckling business finance.

This image from unplash.com

People will not financially stable if they prioritize work only did you observe having a business and putting money into investment was a big help for everyone in this article let's talk about business finance which we tackled about handling money and what's the best mindset we have in our planning. I don't have any experience having or managing a business, but this learning I writing here is from our professor which he is already a professional account and leading a group of people in a business. He has an achiever at the age of 22 he gets more experience about the industry and I'm inspired of this subject I don't think so if I can be put myself into business or in an investment but i will share in this article what I learn on the subject that we have. I create content about this one because it's relatable in our life too.

In the first Meeting we had our Professor just give as an Activity to do writing and essay about Business Finance:

Here's the 3 questions that we're answering;

(What you Know)

I know that financial management is about handling the finances of a particular company and how to grow the money they used in the entire company. And how it will be beneficial to everyone in the business if run and planned properly.

(What you Want to Know)

I want to know more about the possible consequences if high risk will be accepted by a certain people who wants to enter into what they call investment. I also want to know how an entrepreneur can overcome the big problems he faces in a company.I also want to know what are the supposed abilities that a manager should possess. I want to know the basics of financial management to run a business successfully.

(What you Learn)

"Professor send us a videos and file to understand the subject"

By watching the videos and reading the files I learned more about how a business man should have a wide mind to run a business and who involved in financial management. This subject needed to have an extensive brain to learn things about finances. I learned about what really a finances is. This subject will really helps students who want to get in the business or in a company and it will be beneficial for us.

Business= it's all about the investment or the product conducted by a people who are involved in this called business it has sole proprietorship, partnership or a corporation but mostly corporation and partnership is the common in business

Finance = it is about the capital structure of the business which very important to build and manage a business.

Purpose=The main purpose of the business finance is  to provide the financial information that other business functions require to operate effectively and efficiently and to support business planning and decision-making.

In a business this are one people who got managed the company for everyone so the one who should do the rest is the Financial Manager;

This is the following that a manager should do in entire business:

• Financing Decisions -

Manager should plan the long term investment and the working capital.

• Investing Decisions -

A manager should plan the capital budgeting analysis of the said business.

• Operating Decisions -

A manager should work the finance working capital accounts such as recievable and inventories in this the share holders can get their profits from the capital they put up in a business but the manager should plan this all.

Again The Purpose of a Business Finance is to give idea, opinions analysis to all people who wants to be in, in the business or in an investment organization. This subject gives as idea what's the best for us in future since we're all students and some maybe building thier business so they have their own idea on how to run a business and some will get into a work and good luck to us. Professor said that being within is need to accept the high risk situation because that's possible happen in the business.

That's the end of my blog for today I want to hear some interaction from you guys if you have additional information to add, I'm warmly accept those opinions.

Special thanks to my sponsor @BCH_LOVER thank you do much for the sponsorship ate goodluck in your blogging journey and @Kristofferquincy for encouraging me to be here in this platform.