Q:
Why Is Finance Important to a Business?
A:
Quick Answer
Finance helps businesses achieve their goals by providing the funding they need to achieve them. Without funding, businesses cannot be successful.
Continue Reading
Credit:
Image by Catherine MacBride
Moment
Getty Images
Full Answer
Money helps businesses hire staff, produce product and rent facilities for office space. Most companies will seek financial support for an investor or equity partner. Without a financial backing, a business cannot exist.
It's important that leadership within an organization has a good understanding of finance. This will ensure that the business can effectively manage the money that they have to ensure that they hit budgetary targets and goals. In doing so, they have a better chance of succeeding at their mission and goals as an organization.
Learn more about AccountingSources:
Related Questions
-
Q:
What Is a Payroll Ledger?
A: A payroll ledger is a document used by businesses to track how much the business spends on payroll. This document also tracks how much the company pays in ... Full Answer >Filed Under: -
Q:
Why Is the Retention Period of a Document Important?
A: The retention period of documents is important to ensure a business remains compliant, according to LinkedIn. Having a record retention schedule is also es... Full Answer >Filed Under: -
Q:
How Do You Find Finance and Stock Market News?
A: Finance and stock market news are available on business and finance websites such as CNNMoney, CNBC and Bloomberg. U.S. stock market indices such as the Do... Full Answer >Filed Under: -
Q:
How Do You Find Available Grants for Women Starting a Business?
A: To find available grants for women starting a business, visit the business section of your state's website and look for grants and funding services for wom... Full Answer >Filed Under:
