Webb's team

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Webb's team by Mind Map: Webb's team

1. Getting the right business finance is essential. Investment, bank finance and other forms of funding can help successful businesses grow, while viable businesses can be destroyed by cashflow shortages. You need to decide which kinds of financing best suit your business and understand how to present a convincing case to potential sources of equity finance or bank lending. The right choice puts your business on a firm financial footing, reducing risks and increasing financial returns.

2. In general usage, a financial plan is a comprehensive evaluation of an individual's current pay and future financial state by using current known variables to predict future income, asset values and withdrawal plans.[1] This often includes a budget which organizes an individual's finances and sometimes includes a series of steps or specific goals for spending and saving in the future. This plan allocates future income to various types of expenses, such as rent or utilities, and also reserves some income for short-term and long-term savings. A financial plan is sometimes referred to as an investment plan, but in personal finance a financial plan can focus on other specific areas such as risk management, estates, college, or retirement.

3. 2.1 Raising Finance

4. 2.2 Financial Planning

5. 2.3 Managing Finance

5.1. Financial management refers to the efficient and effective management of money (funds) in such a manner as to accomplish the objectives of the organization. It is the specialized function directly associated with the top management.

6. 2.4 Resource Management

7. 2.5 External Influences