LeAccountantStarting up as a proprietorship One owner Easy to form less capital available less regulations to follow taxed as owner income limited amount of capital, issue in raising capital life of business same as life of owner Doing Partnership with Others Risk and reward shared by more than one person Partner can be a limited […]
Following attributes are common in successful companies; Focus on use of technology for understanding customers Reduce cost Reduce inventory level Speedup product delivery time Investment to differentiate the products from others
Successful companies have high score in following nine attributes innovativeness quality of management long-term investment value, social responsibility employee talent quality of products and services, financial soundness use of corporate assets, and effectiveness in doing business globally.
Financial management is efficient use of resource for maximization of wealth of share holders. Like selecting the source of finance with low cost of capital Selecting projects or investment opportunity with high returns