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What is the Important of Finance in a Business ?

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  • What is the Important of Finance in a Business ?

    What is the Important of Finance in a Business ?

  • #2
    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.
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    • #3
      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.
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      • #4
        We can't begin enterprise without money. Whether it will less quantity or big?

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        • #5
          Hello

          Finance is most important factor in business.

          Nobody can start or improve their business without money.
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          • #6
            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
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            • #7
              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.
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              • #8
                Finance is the need of all business it is a backbone of a business without investment we not get any types of business goals .
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                • #9
                  Finance is very important part of every business. We keep business credit debit records in finance parts so this is very common and useful sector of business.
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                  • #10
                    Originally posted by mikeleonard View Post
                    What is the Important of Finance in a Business ?
                    Just as breath is necessary for alive just like that businesses need finance to survive in the economy.

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                    • #11
                      Sometimes one needs lots of capital to start a certain business, and sometimes, not very much capital is required.
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                      • #12
                        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..
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                        • #13
                          This is even true for non-profit businesses, as they still need to cover their costs.
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                          • #14
                            Finance allows a company to receive the money necessary to pay bills such as workers' wages, rent and utilities without giving up ownership rights through the sale of stocks
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                            • #15
                              That is more important.
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