Effective financial management

Effective financial management

1. how to improve cash flow

   • cash flow- is the movement of money/ cash in and out of the business

2. how to improve profit

   • definitions
     • profit- occours when the revenues of a business are greater than its costs
     • revenues- the amount of money received from selling goods or services
   • cutting costs
     • material costs
     • labour
     • investments
     • marketing
   • increasing revenues
     • Revenue= number of products sold x average price

3. Break-even charts and break-even analysis