Just imagine: 5 years past from now; you’re sitting in own home, before a cozy, crackling fire in a fireplace. Exactly at 5 o’clock your personal butler brings in hot tea. Cold, dark evening behind frosted windows…

Keep this picture in mind…

Suddenly, many people don’t realize how much money they’re wasting during the life. They ineffectively use personal and business funds and finally have much less money than they could. Change only few money wasting habits and you’ll feel much more secure and much wealthier. Business owners often lost money on simple operations like buying from wrong vendor or keeping inappropriate amount of goods. In personal life, bad consumption habits like impulse purchases, also is a way to wasting own money.

Actually, we all do very same mistakes; even more – we repeat them over and over. We can forget to make a bill payment on time and should pay the “late fee”. We can forget collect payments, in the end of the month, from small and untypical purchasers. We can make an unneeded purchase under pressure of a pushy salesman. And sometimes we can feel hopeless, when sales fall dramatically.

Is there a simple solution?

All mentioned difficulties have one nature – improper money management of your business or personal funds.

Most business owners have some tools for keeping own finances under control. Those tools have different forms. It can be sophisticated, smart and powerful money management software or just list of paper with written revenues and expenses. Some form of money management is essential for wise business administration.

When you know how much you may spend in a month, you honestly can say to a salesperson:”Sorry, we have no budget for this item.” When you keep your financial situation clear, you can predict and get ready for seasonal changes in your business. When you keep in mind your gains and losses you’re much likely to make wise purchases.

So, what about your $5,475? This is simple…

If you can save $5 per day, in the end of the year you’ll save $1,825 (one thousand eight hundred twenty five dollars – this explains, why expensive money management software is always in a high demand).

If you can save $15 per day, you can triple the result. Now, calculate how much you could save in the last 20 years, or how much you can have in the next 30 years. Probably enough to start (or upgrade) own business…

There is a story, told me by one accountant. She gets a new job in a wholesale company. The company’s previous accountant retired and left big chaos after her. So, my friend, the new accountant, starts to clean up all the mess. Within first few months she found that over the last three years this wholesale company lost about fifty thousand dollars in uncollected bills.

Sure, this is an exception; not many companies can lose so much money. Though, many of us lose smaller sums regularly.

P.S. Money management is Essential for Success. What is similar in Wal-Mart, Bank of America and American Airlines? They based own success on precise money management. Think about that.

You can find out more: http://dld.bz/apERC

You can find out more: http://dld.bz/apERC

Author Bio: You can find out more: http://dld.bz/apERC

Category: Business Management
Keywords: marketing,advertising,success,small business,management