Effective financial management

Logan Wong
Mind Map by Logan Wong, updated more than 1 year ago
Logan Wong
Created by Logan Wong about 5 years ago
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Mind Map on Effective financial management, created by Logan Wong on 01/25/2015.

Resource summary

Effective financial management
1 how to improve cash flow
1.1 cash flow- is the movement of money/ cash in and out of the business
2 how to improve profit
2.1 definitions
2.1.1 profit- occours when the revenues of a business are greater than its costs
2.1.2 revenues- the amount of money received from selling goods or services
2.2 cutting costs
2.2.1 material costs
2.2.2 labour
2.2.3 investments
2.2.4 marketing
2.3 increasing revenues
2.3.1 Revenue= number of products sold x average price
3 Break-even charts and break-even analysis
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