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PREFACE

The greatest cause of business failure is said to be in the management of the business, and this includes financial management. Yet, even in adverse economic circumstances, a well thought-out and well managed business enterprise need not run into financial problems. There are a number of sources of both internal and external financial assistance open to the entrepreneur, but he/she must know about them. That is the primary aim of this publication: to identify sources of finance for small business and to help individual businesses to top those resources.

Another objective is to familiarize you or re familiarize you with the essentials of business planning and the powerful backup of financial statements well prepared, by which new funds can be pumped into your business. An application to your bank, for example, can be drawn in broad strokes or filled in with persuasive details; but, despite the amount of supporting details that may be required, your presentation must meet one overriding provision: it must show how the funds you want will help your business and provide the repayment of the loan in a reasonable time.

The next objective is to highlight ways in which you, as a business owner, can make your own money, derived from your own business, go further. Consequently , this guide briefly assesses what you can do to ease yourself over financial hurdles by using the business practices common to business enterprise in order to reduce your dependence on outside capital sources (after all, the cost money). To help you make the most of your own business potentials, the handbook deals with “Internal Financial Management”, as well as outlining “External Sources of financing”.

This publication is not an all encompassing guide to the operation of a small business, as it focuses largely on financial management.Next: Planning