Imagine that your company's sales were better than expected, all needs have been met and the result is a significant amount of cash. What would you, as a financial manager , do with this surplus amount?
Would you leave it in savings, after all it is a safe place, or would you make a financial investment to increase the company's resources?
Mastering the company's financial applications is one of the pakistan whatsapp data main skills of this professional. It is up to him to indicate the best paths and possibilities for the decisions made by the board.
If you have ever been in this situation of indecision, keep reading the text as we will give you some interesting tips. Enjoy your reading!
Investing should be part of the financial manager's routine
Many companies do not have an investment culture. And that is precisely why some problems can occur. Since there is no focus on financial investments , the financial manager may opt for less beneficial paths, but it is part of their role and a good differential to have knowledge of investments.
Professor at Saint Paul Business School, Alan Ghani says that there are three very common mistakes that occur when professionals do not know enough about financial investments.
“The first mistake is to fall for the bank manager’s trick. What the manager is offering the company is not always the best in terms of investment, since he needs to meet targets and will try to reach his goals with you. Another mistake is to let the money sit idle, without yielding any income. Depending on the company’s revenue, this can be quite significant. The third is to accept anything without bargaining, without researching other alternatives,” he comments.
Ghani also says that professional behavior in these cases is very similar to that of an individual. On impulse, the client does not research, accepts the first thing offered, and that is when we see many making wrong decisions.
And the main consequence of bad choices, in this case, is not making money. Which is a very important reason not to make mistakes, right?