Financial Resource Management: Short-term and Long-term funding of Business Decisions
A business manager should consider many elements to make the right financial and managerial decisions. It is critical for a business manager to understand the elements such as cost of working capital, cost of movable and immovable resources, return on investment, return on productivity, and cost of productivity.
The above mentioned elementscan enable the business manager to make smart decisions which can create business growth and profit for the organization. In order to achieve business growth, the business manager is required to identify areas of investment, and apply the financial resources to those business areas which can generate substantial profit and long-term growth for the organization.
Every business decision requires funding or financial capital. It becomes possible to receive funding, when the business manager analyses and presents the business idea to the top management in an efficient manner. The business idea or the decision to invest should be presented by considering all milestones within aproject. Some of the critical elements as mentioned above include financial concepts such as return on investment, internal rate of return, present value of cash flows and future value of cash flows. The present and future value of cash flows can further be discounted for factors such as inflation, taxation and rate of interest.
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