A successful business starts with successful financial planning. A proper financial plan implemented by a financial manager will outline financial policies and budget, monitor cash flow patterns, and ensure that the financial needs of a business are being met.
Brithe Publishing offers a variety of books that offer help with problems that hold businesses back. We have books on everything you may need, from engineering to the philosophy that goes into running a business. For those in search of the top financial planning books, look no further. Don’t Be Evil: A Financial Analysis of Google outlines the financial management processes used to make Google not just a search engine, but a new definition of online searching.
The Basics of Financial Planning
No matter where you look for information on financial planning, there are a few basic concepts that every financial management plan should include. Here’s a look at some of the basics that every top financial planning resource will suggest.
- Financial need: This is how much money is needed to operate smoothly. A business must meet or exceed its expenditure in order to stay out of debt. The more capital costs are minimized, the more profit a business can make.
- Fund sources: This is the source, amount, and consistency of income. This part should incorporate profits, savings, and investments into the longevity and growth of the business. Here, it is also important to make a plan for increasing profits in order to invest properly. If income is variable or inconsistent, it should be included in the financial plan to prepare for the times where it is possible to come up short.
- Environment for financial success: This is how well a business can keep to a financial plan through a budget, cost management, reducing waste, and growing profits. Once a plan has been established, finances must be continually tracked to ensure the stability of the business.
Use Other Businesses as Examples
A good financial plan could be the difference between the life and death of a business, and is no doubt the most important aspect of management. Money is the lifeline that keeps businesses running, and a lack of adequate funds will ultimately lead to failure. By starting with a strong financial plan, a business can properly track its income and expenditures, plan for future growth, and be prepared to accommodate any unanticipated costs.
Successful business stories such as Google’s are great testimonials for proper money management. Don’t Be Evil: A Financial Analysis of Google, is a book geared towards just that. Financial managers can learn a lot from Google’s example, and this book goes into great detail to explain how it stood up against competition and continues to be an internet powerhouse.
At Brithe Publishing, we pride ourselves in providing resources to those needing help with their business. We hope to give quality professional insight in all aspects of running a business. If you are a financial manager, we have books that you can take advantage of to extend your knowledge of your position.
Don’t Be Evil: A financial Analysis of Google is a great read for anyone looking for more information on successful finance, but will be especially helpful to financial managers looking for a real-world example. You can order it today with us, and while you’re here you can look for some of our other resources to improve your business or be better in your position.