How to Manage Funds Without Getting Further Loan?
Saturday, October 31, 2009
How will you manage the funds without taking any further loan
Comment
By delaying payments and tightening the credit policy. By getting the existing loans rescheduled.
Query # 2:
Comment
By delaying payments and tightening the credit policy. By getting the existing loans rescheduled.
Query # 2:
How will you plan to survive in the market keeping in view (i.e. keeping constant)
a- china factor (low prices / close compitition)
b- increasing prices of raw materail
Comment
The strategy in this respect should be made by the professionals responsible for business decisions. A finance professional, however, can advise and assist in developing a strategy through which an organisation may fight against these factors for e.g. by offering better quality and extra services such as after sale services or guarantees / warranties. Such a strategy will however require perseverance.
Products may be offered at prices lower than the market prices in order to develop a list of good big customers. Services, if any relating to products, may then be offered to these customers and may be charged for, wherever agreed upon. Ethical standards would play a key role in any business. Therefore there should be no compromise in quality and integrity whatsoever are the financial challenges.
Query # 3:
a- china factor (low prices / close compitition)
b- increasing prices of raw materail
Comment
The strategy in this respect should be made by the professionals responsible for business decisions. A finance professional, however, can advise and assist in developing a strategy through which an organisation may fight against these factors for e.g. by offering better quality and extra services such as after sale services or guarantees / warranties. Such a strategy will however require perseverance.
Products may be offered at prices lower than the market prices in order to develop a list of good big customers. Services, if any relating to products, may then be offered to these customers and may be charged for, wherever agreed upon. Ethical standards would play a key role in any business. Therefore there should be no compromise in quality and integrity whatsoever are the financial challenges.
Query # 3:
What you do do with your mistakes?
Comment
Mistake is proved to be the key for future success if one learns from his mistakes. It requires self consciousness and ability to identify the cause of bad experiences/ results in one's life.
Comment
Mistake is proved to be the key for future success if one learns from his mistakes. It requires self consciousness and ability to identify the cause of bad experiences/ results in one's life.
Labels: accounting
posted @ 2:07 PM,
1 Comments:
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At October 31, 2009 at 2:49 PM,
said...
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Very rightly commented........
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