Ø Industries
& Business Reform :
Industries & Business Reform this
situation occurred when there would be little chance of it. Many industries and
business entrepreneur have get themselves in trouble just because of miss
management, poor leadership, patrons about new business, poor decision, low
effect in subordinate and measure and very important negligent about financial
aspect these are all reason for the miss allocation of organisation fund. To
get away from all these problems following measures are have to be taken;
o
While running any business, weekly
analysis of organisation activities are required drastically especially of
production, marketing and financial department.
o
Always ask for the opinion from
Supervisors and Managers from each department.
o
Always believe on subordinate,
understand them and then implement your necessary decision.
o
Take care of that all departmental officials
can interact with each other frequently for smooth conduct of organisation.
o
Reconciliation of Debtors &
Creditors in every 15days and find out inflation among both.
o
Always be prepared for recovery before
or after completion of credit period.
o
Do not put any sympathy towards
clients for future business, because you will get regular business but your
profit and some part of principal always in the hands of your client and it may
cause you obstacles to go for any new business clients.
o
Always be in touch with Finance & Accounts
department to get day to day schedule of cash flow.
o
Budgetary cash flow and application of
fund flow should be controlled by Top management only.
o
One third part of the profit should be
kept allied in reserve in the form any liquidate investment.
o
Do not try to conceal your income
because directly have adverse effect on goodwill of your organisation.
o
Do not allocate cash flow from existing
business activities to anther business activities. It would definitely get into
a trouble while any of these businesses being financial sick.
Thanks & Regards
Vinayak Gaonkar
9869621072/9869273067
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