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Business finance training refers to programs that teach individuals how to handle various financial duties. Finance training is similar to finance tips in that both help business owners make better monetary decisions, but training programs offer a more detailed explanation of finance strategies. Training programs vary in price and can be used by the owners and employees of a business. The most basic business finance training provide information on budgeting, preparing financial statements, managing cash flow, strategizing, forecasting, improving performance, and applying basic procedures and concepts to more effectively manage a business. These programs are recommended for new business owners to help them understand standard business practices. Once these basic methods are mastered, more specific financial training may be looked into. Advanced business finance training delves more deeply into a certain financial procedure or concept, usually at a higher cost than basic programs. Advanced programs may teach business owners how to set up effective business models, make decisions based on quantitative analysis, manage and control accounts, practice due diligence, measure productivity, and strategize concerning mergers and acquisitions. Taking part in any kind of business finance training gives a business owner the resources to make more intelligent business decisions that result […]

If you really want to become more profitable and improve operations in your company, you have to shift your focus from the following limiting thoughts about technology.   If I buy the latest production software we will be in good shape We don’t do that here We are unique, we don’t have competition that use technology to help them generate profits The plan is in my head, people will steal it off the computer All I need is more sales to make more profits   You’ve got to get the right mindset by eliminating restricting thoughts, and then you’ll be ready to improve people, processes and profitability. Do you ever wonder how a company can start out with just one idea, a passion and a vision, then 10 to 20 years later have thousands of employees and millions in sales?   What did these companies do to become so successful Are the owners smarter than you? Do they work harder than you? Did they have better equipment or people than you?   No. But they do use better technology tools to drive operation (the people and the process). Operations represent about 60% or 80% of all your overhead costs but […]