What benefits are there if your business sales turnover is more than billions, but you do not know how to convert the revenues to actual profit?
What good is there if you have a company that worth billions but you don’t know how to manage your company’s money well?
What’s more if your company have billions of revenue, but you don’t know why your company’s profit is getting lesser and lesser?
Or are you still thinking of winning a contract for your business out of luck? Well yes, there are many lucky things happening around the world, but there’s more unlucky and non-lucky things happening in this world too. How many lucky things do you think your business may encounter?
And even if you are lucky enough to win a project that can create maximum profit for your business purely out of luck, how long do you think such profit can maintain your business financial wealth?
Do you think wealthy company comes by luck? Or that successful company generates wealth by pure luck?
The truth is, if a company becomes successful just because of luck, they will also fail soon as they do not have a solid foundation in managing and monitoring their business financial health. And therefore, such company will not be wealthy long. Truly successful companies knows the importance in the need to manage and monitor the company’s financial health as they recognize how uneasy the money is earned. Therefore, they will manage their company’s financial wisely and carefully. They understand fully that true success doesn’t come free.
In my opinion, there are 3 types of business owner when it comes to financial management: Spender, saver and investor.
Spender
Spender type of business owners may emphasize on business expanding, or constantly trying to make the business perfect in every aspect. They spend almost all their business money to buy things they think will benefit the company. Such business owner spend the business’ money as soon as they earn some.
Saver
Business owner who is saver type exercise strict discipline and principal on spending money. They are reluctant in spending the company’s money unless it as extremely crucial. They try to maximize the profit of the company, as much as they can, and keep all these profit in the bank. But are the company wealthy in such sense? Or, maybe the bank’s owner is?
Investor
Investor type of business owner tends to use their money to make more money. For such business owner, they practice self-control in money management too. But different from the saver type, they carefully study and monitor their business investment. Differing from the spending type as well, such business owner make sure every single cent spent will help them make more money. They may fail sometimes, but because they monitor their business financial health carefully, they are sure to earn back the money spent again. Such business owner will most probably make the company richer and richer, more and more successful.
Stop dreaming, Start acting!
As mentioned previously, true business success doesn’t come easily. If you are still dreaming about building a wealthy business without doing anything or proper financial management, you are surely building castle in the air!
Managing your company’s financial is not as difficult as you think. All you need is an appropriate accounting tool to help you monitor your company’s financial health. It’s all about careful planning, controlling and organizing your business’s financial activities. TreezSoft cloud accounting software is the tool for you.
With the help of an accounting software like TreezSoft, you can easily keep track and plan on how your money is spent. You can easily monitor your company’s cash flow, profit and losses and retrieve your company’s balance sheet. A good accounting software will be able to help you monitor your business’ finance with little accounting knowledge too.
So what are you waiting for? Learn how to build a wealthy company, start by signing up with TreezSoft now and enjoy 30 days free trial.
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TreezSoft is a cloud accounting software for Small and Medium-sized Enterprises (SMEs). It allows you to access your financial information anytime, anywhere. It also allows you to have unlimited users for FREE for your account in TreezSoft. Our aim is to help reduce our clients' time spent on accounting mainly by using our automated processes and integration to help increase their company effeciency at a minimum costs. SMEs can use TreezSoft to keep track their expenses, accounts, daily operation e.g. Point of Sales (namely QPOS) system and etc.
Visit TreezSoft at http://www.treezsoft.com/ to sign up for a 30 days trial account with us!
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