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Synopsis Entrepreneurs need to be financially literate. The most common cause of business failure is poor financial control stemming from a fundamental lack of knowledge.
 
Practical Financial Management is for anyone who finds business finance confusing. Now in its eights edition, it continues to provide advice on proper financial planning and control, and reinforces essential points through the use of questions within each section. Beginning with an introduction to the key financial statements, it explains the tools of financial analysis, providing the solutions you need to control your business successfully. It also includes: Explanations of important terms. Preparation of a basic bookkeeping system. Developing a costing system to maximize profits. Writing up business plan. Finding out how competitors are actually performing. Information loans for small businesses. Guidance on how to analysis, and interpret business accounts

As well as essential information on planning and budgeting, this new edition includes even more examples of business success to help you get your new venture off the ground and expand your business.