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Written by Admin
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Friday, 06 April 2007 |
Finance studies and addresses the ways in which individuals, businesses, and organizations raise, allocate, and use monetary resources over time, taking into account the risks entailed in their projects. The term finance may thus incorporate any of the following:
* The study of money and other assets;
* The management and control of those assets;
* Profiling and managing project risks;
* As a verb, "to finance" is to provide funds for business.
The activity of finance is the application of a set of techniques that individuals and organizations (entities) use to manage their financial affairs, particularly the differences between income and expenditure and the risks of their investments.
An entity whose income exceeds its expenditure can lend or invest the excess income. On the other hand, an entity whose income is less than its expenditure can raise capital by borrowing or selling equity claims, decreasing its expenses, or increasing its income. The lender can find a borrower, a financial intermediary, such as a bank or buy notes or bonds in the bond market. The lender receives interest, the borrower pays a higher interest than the lender receives, and the financial intermediary pockets the difference.
A bank aggregates the activities of many borrowers and lenders. A bank accepts deposits from lenders, on which it pays the interest. The bank then lends these deposits to borrowers. Banks allow borrowers and lenders of different sizes to coordinate their activity. Banks are thus compensators of money flows in space since they allow different lenders and borrowers to meet, and in time, since every borrower, in theory, will eventually pay back.
A specific example of corporate finance is the sale of stock by a company to institutional investors like investment banks, who in turn generally sell it to the public. The stock gives whoever owns it part ownership in that company. If you buy one share of XYZ Inc, and they have 100 shares outstanding (held by investors), you are 1/100 owner of that company. You own 1/100 of the net difference between assets and liabilities on the balance sheet. Of course, in return for the stock, the company receives cash, which it uses to expand its business in a process called "equity financing". Equity financing mixed with the sale of bonds (or any other debt financing) is called the company's capital structure.
Finance is used by individuals (personal finance), by governments (public finance), by businesses (corporate finance), etc., as well as by a wide variety of organizations including schools and non-profit organizations. In general, the goals of each of the above activities are achieved through the use of appropriate financial instruments, with consideration to their institutional setting.
Finance is one of the most important aspects of business management. Without proper financial planning, a new enterprise cannot even start, let alone be successful. As money is the single most powerful liquid asset, managing money is essential to ensure a secure future, both for an individual as well as an organization. |
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10 Tips for Successful Time Management |
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Written by Admin
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Friday, 11 August 2006 |
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10 Tips - What Is Successful Time Management?
by Isabel Baldry
What is successful time management? This is all individual, but it always
involves these elements:
Good organization and structure, clearly defined and prioritized action plan,
and finally some kind of satisfaction or enjoyment from the task.
Here are 10 tips to help you achieve all of this:
Tip 1. The secret to successful time management is closely related to the
clarity of the goals you have set. Learning these basic secrets will surely
benefit you so you can do all the things that you want to accomplish in a day
and in a year. You need to be extrememly clear in your mind as to what you try
to achieve.
Tip 2. Make sure that your goals are achievable. Some people set unachievable or
over-ambitious goals, which can seriously mess up schedules and interim goals.
It is vital that you set your goals correctly.
Tip 3. Asking the correct questions to yourself can help you determine your
achievable goals. Learn to be honest in your answers to accomplish realistic
goals. Asking questions is one of the basic elements in successful time
management. Asking yourself is a therapeutic technique to help you find
unanswered questions.
Tip 4. You need to have an action plan. Managing your time means putting in some
serious action - using your skills and intelligence in achieving it. A clearly
defined action plan is one vital step in organizing your time. The action plan
should include a lists of your goals and your specific actions towards each goal
- along with detailed responsibilities allocated to each step of the plan.
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Common mistakes to avoid during a corporate event |
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Written by Admin
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Tuesday, 21 March 2006 |
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Common mistakes to avoid during a corporate event by Shane Williss
One of the greatest factors influencing the success of a corporate event planner
is the experience acquired from previous engagements. There are just some things
that can only be learnt through experience, with no amount of preparation
adequate. This is precisely why some organisations have a preference to engage
corporate event management companies such as Chillisauce, so as to ensure a
successful and hassle-free event.
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