Rich Dad Education Blog

tnx a lot, i`ve downloaded the program, installed it. Didn`t get into all features but there are some results already. My account is slowly filling with cash.
Great thanx:-)

The meaning of the term finance is where money is provided for a commercial activity either public or personal. It is also a branch of economics that studies the management of money and other assets. A more general and accepted definition is the control of business plus public sector assets and money. Management of finance has also developed into a specialized branch within the financial sector and is carried out by finance managers.

Managing this involves dealing with the optimization and allocation of funds to various areas either by borrowing or by using those available from internal resources. The term optimization is used to explain the procedure whereby finance is maximized by reducing costs and increasing the return. The fact is that it governs most of the worlds activities and poor finance management will immediately show up as conditions deteriorate in procurement, production and sales as it affects every sphere of business activities. This is why people who act as finance managers only have this type of work for a relatively short period because the potential risk to companies is high and so are the stress levels as a consequence.

A well know marketing and management guru Lee Iacocca said that finance managers always looked at the cost involved in a finance deal and not the future return. Finance managers are in direct opposition to sales managers who know that you have to look forward and plan for the future; if you're preoccupied with what went on in the past you will fail to realize that it is future business that brings in the profits. For most small business owners there is not a clear distinction between personal and business which often leads to the funds being used in areas that are not part of the arrangement. Managers are rarely impressed with this situation as they believe they have aright to know what their money is being used for.

This may cause some concern amongst small business owners but they should train themselves to be more focused on their business which should in turn create a better frame of mind for the future. Small businesses can be very flexible, however, and call upon friends, other businesses, family members, even their own bank for finance. Of course lenders are out to make a profit and business loans can be expensive, a situation which is partly designed to increase the finance company's return and to offset any potential problems later on. Banks have a strange attitude regarding lending money; they prefer to only arrange this facility to people that don't actually need money.

To learn more about finance you can visit these free financial blogs.

Finance Prophet

Money AcheMoney Ache

Money Pain

Money Tales

To anyone interested in attending any of the Rich Dad trainings I am not able to attend and would like to sell my training at a discount.

If interested please email me at ivoryklhanse@hotmail.com

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