Financial Management

Financial Management

Understanding profit margins is the most critical component of healthy financial management.   For a product-oriented business, profit margin mainly focuses on goods and materials, and that can easily be quantifiable.   For a service-based business, it is a...
SME Budgets

SME Budgets

Is Budgeting a Waste of Time for Small and Medium Enterprises (SME)? There is a famous quote from TshOxenreider “The simplest definition of a budget is “telling your money where to go.” It is crucial for SMEs to estimate their income and expenses, and based on this...