Hispanic Entrepreneurs.
Finances are more than essential in today's world, which is why expert Esteban Parra spoke about this topic in the talk called Finances for Entrepreneurs organized by Hispanic Entrepreneurs.
The manager of Biplan.cl explained that all companies must adapt their projections and objectives based on current laws in the country. But they must also adapt to the challenges of the environment, because this shapes the business in the medium and long term, leading to new laws that modify finances and revenues.
"If sales are the oxygen of the business, finances are its heart," said Parra, highlighting that the important thing is to use the monetary resources to make investments that produce or sell more.
Measuring tools
It is necessary to verify the operation of the heart of entrepreneurship with mathematical processes, one of these measurement mechanisms of our companies is money, “finance within companies is super important, something that entrepreneurs do not see at the beginning. It is important to manage finances and allies. Create processes and measure them to see if they are giving results ”.
Parra also spoke about how to formulate objectives, know what is the best way to obtain resources, assess the level of risk, perform basic financial analysis, control and monitor the achievement of economic objectives.
What is the role of the administration?
The expert explained that management is about planning, organizing, directing and controlling the finances of the company.
He added that finance has some basic concepts such as risk, profitability, capital income, liquidity, investments, expenses, costs, cash control, risk planning and increasing the value of the company from the inside.
If you want to know more, enter the chat through YouTube.
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