Topic: Always Have a financial record in whatever business you own - page 4. (Read 1400 times)

these days we are losing our minds because we are not getting enough money in business
not a good time to discuss this rather if there is anyway to earn more money that would be a great help though

correct - and that is the real essence of the business
Checking the finances and taking care of finances in you business is the art of every business

I think the same is true in business. Prioritizing spending and setting strict rules about what you can spend can be a great way to stay within a budget. Plus, separating important expenses from discretionary expenses can make it easier to track your finances without feeling overwhelmed. and it's true what my friends say, Good financial management is about making smart choices and working towards your financial goals.

Identify income sources and reduce unnecessary expenses:

This is the importance i would definitely be saying because having some track would really be giving out some idea on where you do spend your money or specially on outgoing transactions.
In this case you would be able to see if you are spending that much or really just that in limit. This is where people do always miss out and in the end of the day you would really be having those questions on where
those funds go if you dont have that tracking.

In any business then it would really be that crucial specially into those things which had been said or mentioned on OP which it would really be just that worth for you to mind off
on following those at least. Its the basic stuff on where it would really be just that recommendable on doing so specially when you are really that serious
on having that kind of target or goal in your business to progess.

I get my grocery from a store near by and the best thing the shop owner does is write all the amount people lead from it
this is by far the best practice I have seen

that is the main thing in business - managing finances well. Some people are managing business and finances so well without even computer and internet
they do it simply on their diary but they do well = it is all the number game and dealing with it is an art

me too - but sometime we lose track of it. But many lesson we learn from the mistakes we do it.
I have now forcefully made myself realize that I have to keep track of my finances

I completely agree with the importance of maintaining records of every type of businesses, regardless of its size or scale. By tracking record of transactions, it becomes possible to get insights of business operations, identify the areas where improvement is needed for efficiency, and make informed decisions about making investments. In summary, financial records are essential tool for any business owner to manage finances effectively.

that is correct and that is how you make your game plan for your future move.
one thing which I believe is very important in dealing you finances in honesty

This financial record is really important, because this is where you can see your input and output when you run the business. At least you will also know what you should do more if your income increases or decreases.

       This will be our proof of evidence when, for example, there is a problem in running your business, because without it you will have no basis and basis in case of a problem, it's that simple to understand.

Yes, you are right, but what if you lose your business? Do you have a financial record? Or you have a business that you own?If you should have a financial record. 
 
If you have a business that you own,

that is correct - the detail tracking of the income and expenses is important.
And taking the notes and not doing the mistake is also an important thing to be kept in mind.

That is one of the best thing advices I have read so far.
Managing priority in work is also an important thing.

This is a message from a local entrepreneur in my area. He boldly declares that 'complete and valid financial reports are the most important thing in this company.' He is known for being meticulous in tracking every expense in his businesses. In fact, he is the type of entrepreneur who will inquire about small amounts of money even if his company's net revenue is already significant.

This message seems to have a profound meaning. What I have gathered from it so far is that cultivating complete financial reports is crucial for any company, whether it is small or large, that wishes to have significant growth. The key is detailed tracking of income and expenses.

In general planning is needed when starting to build a business, whether it is a big or small business that you are running. An important lesson in building a business is to have a special record of incoming and outgoing financial flows, so that you can evaluate each year the development of your business, this is important and cannot be forgotten for a businessman.

Everyone has to start small to grow in business, you can't open a big business if you don't have experience in that field, even if you have big capital to start. The concept of running a business is not easy, it takes a lot of resources for you to set it as a standard, even if the business you are running is small.

Financial records or whatever the name is, is an obligation in business, from here you can consider whether the business being run has increased profits or not and you can monitor immediately what are the shortcomings of the business.

Public speaking is an important literacy for someone who intends to educate others, when you don't master the conversation you want to convey to people, it will actually look ridiculous when you speak, moreover you are a typical shy person.

So what can you do?
1. Practice standing in public so you don't get nervous.
2. Pay attention to your appearance when giving material to others.
3. Master the audience as the person you want to give material to.
4. Take part in seminars that teach about leadership and invite lots of people to discuss so that it expedites your way of speaking in front.
5. Praying is the last key when you start standing in front before giving material.

Keep your important expenses separate every time you get paid. Then you will have freedom that you can spend the rest as you like. Even after that, you can make strict rules on what you can spend the rest. Don't spend on things that aren't important. That way, even if you don't keep a record, you won't have to worry that much.
This will make your life more easy and hopefully, as said before, you can also save some in the end which will help you in the future. It's as simple as that. Choose your priority and work for that.

it is good practice to write what you deal - most of the time your forget what where you have spent and what you have committed.
Best practice I agree is to keep a written record.

writing the record is a good practice - and some people like me are too lazy and dumb that they wont do it time
I try my best but I forget to do so all the time.

It is always good to have a plan for the future. Even if we make a plan, sometimes it gets hard to follow that plan. For a situation like this, we need a saving. I was also spending more than what I needed. And in the end, was facing some similar problems.
So how I have fixed the issue, let me tell you here. At the end of the every month, I separate the amount of money I am going to need for the next month. Then I keep it safe and won't touch that no matter what happens. And with the rest of the money, I can spend it which ever way I like. Gives me much more freedom in life.
I am not suggesting that you should spend the rest of the money carelessly. It's just easy to maintain a life on regular basis. Spend wisely, make a plan, stick to it. Life will be more fun that way. Also, if you are able to do it properly, you will end up with some extra money as well, who knows.

sometime life is so bitter and sometime you don't know where you are heading towards?
In our country inflation is definitely very high. Its a good idea to have keep the records if your have good finances and if not then you should also write it to cut down the expenses.