When outlining a business plan, finances are generally the last thing done. However, it is by far the most important part. After operations are outlined, assets are established, products and services are described, and marketing strategies are decided, the financial plan comes in. Proper management of finances ensures that a business is profiting and will be able to continue running over time.
Brithe Publishing offers a variety of materials for professional individuals looking to expand their knowledge of their field. Our diverse selection of books caters to driven people looking for new insights into being successful in whatever they do. For financial managers, we offer a book called Don’t Be Evil: An Analysis of Google. This Book goes into detail about the financial management that led to Google’s success in a field with high competition.
All Businesses Need Financial Management
Financial managers can learn a lot from Google’s example of good finances. Google is the obvious market leader for search engines, but it took successful financial planning and standing up to competition to make it into the internet staple it is today. Financial plans are essential for managing money and keeping a business afloat.
Even through its success, it still faces competition today. Two companies that could potentially threaten Google’s reign in the future are Baidu and Yandex, which are both growing at a faster rate. It will take continual effective financial management to keep Google on top against growing competition.
Start a Financial Plan
A financial plan will ensure that funds are adequate and being used efficiently, expenses are accounted for, and profit will occur if projections are correct. Starting a business is difficult, but a thorough plan can set your business up to be financially stable through its ups and downs. Here are some of the things that you will need to create a financial plan for your business:
- Projected sales
- Expense budget
- Determine cash flow
- Forecast profit
- Determine Assets and liabilities
- Create a Breakeven analysis
By determining the financial status of a business at the start, determining expenses and projecting income, you are already on your way to creating a business plan. It should outline every dollar that is expected to be spent and received over the course of a determined period of time.
Why Choose Brithe Publishing?
We are a small business run by minorities and veterans passionate about manufacturing. We want businesses to succeed, and are proud of the resources that we can offer others to give them new insights into their field of work. We publish a range of technical books for people in all areas of manufacturing and business.
If you are a financial manager, or anybody interested in the successes that went into creating Google against high competition, order Don’t Be Evil: An Analysis of Google today for an in-depth analysis. You can learn more about the book and order it from our website now.