#financialmanagement — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #financialmanagement, aggregated by home.social.
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Why Do So Many Businesses Fail Within Their First Three Years?
Starting a business is easier than ever before.A website can be launched in hours. Products can be sold globally. Artificial intelligence can assist with marketing, research, and customer support. Entrepreneurs have access to tools and opportunities that previous generations could only imagine.Yet despite these advantages, a large number of businesses still fail within their first few years.This raises an important question.Why do so many businesses fail within their first three years?The […] -
CW: financial companies preying on the elderly
Starting in Dec. 2018, when my uncle was 71 years old and living on social security + a small pension, he became obsessed with buying antique posters, crystal decanters and other decorative items, and started charging thousands of dollars of purchases every month to his #AmericanExpress card.
He'd had this card for over a decade prior, and had previously paid off the entire balance monthly. (1/9)
#AmEx #financialManagement #creditCards #debt -
If your company doesn’t have a Fast Close, then you don't have a company. You have a big f@*king mess.
Fast Close means that the month’s numbers (incl. all reporting internal & external) are closed on the 2nd day of the following month the latest.Pity that’s not standard practice yet, right?
#accounting #finance #financialmanagement #cfo #cfos #reporting #controlling #beyondbudgeting #relativetargets