Summary |
Finance is an important concept for business-owners to grasp. It encompasses every facet of their business, and even with the best product and marketing plan in the world, a business can still fail without proper financial planning. There are some concepts in finance that every small business-owner should get their heads around before making too many plans to start-up a small business. Financial management is an art since most practical problems of science have no programmed on a computer. They must be solved by judgement, intuition and the feel of experience. Thus, despite its frequent acceptance as an applied science, financial management remains largely an art. The various aspects and dimensions of finance have been discussed in the book.
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