The Importance of Financial Management in Small Business

The splendour of Financial Management in weeny BusinessTexas A&M University Abstract The purpose of this paper is to explore the automotive pains and to understand opportunities and barriers of starting a menial auto part retail transshipment center and entering the trade place. Quickfix Auto-parts case subscribe is a very corking archetype of how a non bad(predicate) start can be glum into a incubus because of uncalculated expansion decisions. Using mainly issue analysis, this paper indicates that it force seem easy to start a small calling having the necessary expertise however pay and accounting system companionship are indispensable to rear a healthy and steady growing business. More importantly, the mature understanding of the financial statements and the great power to use the several(a) financial management ratios is of capital grandness for the success of some(prenominal) business owner. The Importance of Financial Management in Small B usiness Quickfix is an Auto Parts company that was created by Andre Pires, later he had 15 years fuck off on the job(p)(a) in the political machine industry, first as a technician, and later on as the parts department manager, he opened his own company.

The experience he had while working allowed him to be in dawn with dealers and other people in the industry, which helped him to get more development and useful contacts which helped him when he stubborn to open his business. The business was roaring and Andre was able to double his store size, the industry forecasts were showing a bright future for the au tomobile industry so Andre was authorized t! hat his store sales would grow. Andre Pires was not good in analyzing numbers, interpreting them, and his knowledge about pay and accounting was limited, this was a disadvantage for the business. So he use virtually of the available funds to expand the business, he did not collapse the external... If you want to get a full essay, smart set it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper