Who has access to your finances? Learn how to protect your interests with the basics of financial information access. Download the handy checklist of daily, weekly, monthly, quarterly, and annual to-dos.
- Knowing if you're a financially healthy individual…is usually pretty easy to figure out.…You're financially healthy if you're saving money,…your expenses are lower than your income,…you've avoided high-interest debt,…you're putting money to work through investing,…and you've protected yourself through insurance.…To be financially healthy as a business…is a little more complex,…but the core issue is the same: being smart with your money.…Let's look at a few best practices…that can be the difference…between long-term success and failure.…First and foremost, who's handling your money?…A chief risk officer at a top US bank…recently noted that 80% of the risk a business faces…is actually inside the business…from the people it hires and the processes…that are in place.…
Ensure that anyone who has anything to do with money…has been thoroughly vetted, is adequately supervised,…and their money decisions are double checked.…Second, what money culture are you building?…Culture is important in business,…and the culture will sometimes determine…
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- Choosing a company structure
- Cash flow
- Borrowing money
- Investing and reinvesting
- Financial health best practices