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Finance is important to business as without it businesses would not be able to start up or survive. In order to start a business sources of finance are needed such as grants or loans used to buy essential items such as a vehicles, premesis and other equipment. Finance is needed for a businesss to coninue running as money is needed to face running costs such as electicity and rent. Finance is also needed in expanding a business.
Finance is the primary requirement for starting any type of business. Without finance it is not possible at all to start or to run a business. It is required to buy or to have on rent the building in which the business should be set up, for buying material, equipments, plant and machinery, for hiring labour and staff etc. So it is the most important component for starting or running any business.
Finance is the primary requirement to start a new business and for its progress.Your employees join your company looking at your financial situation and growth, if you don't have enough finance then better do a job
When a new business is starting out, it will need money in order to buy equipment and have room for growth. It will also need working capital, to cover bills, wages, etc.
As the business expands it will need money at certain times to cover the expansion. It may also need money if the business is struggling.
Not all businesses need finance. Some people are rich enough to cover all their costs.
Finance plays a vital role in running the business. without adequate finance it is not possible to survive the business. it is required for buying raw material, human resources, for finishing the projects and for acquiring new projects etc..