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Understanding finance

Understanding finance

To communicate with authority within a business, it is imperative to understand the subject and language of finance. Finance is after all the language used in the board room. Without a grasp of some basic financial concepts, it can be easy to take what appears to be a wise decision, but one that nevertheless is ill informed and one that adversely affects the financial health of the business. These unintentional own goals happen every day in every business and at every level. Own goals are usually career limiting.

Those uncomfortable with finance and the appropriate use of its language invariably find themselves struggling to operate as effectively as they could. In contrast, those that do:

  • Are better able to focus on what is important
  • Succeed in making and taking better informed decisions
  • Are more effective
  • Operate with more authority
  • Get promoted faster

Whilst finance is not rocket science, it is nevertheless bewildering for many managers especially those who perceive themselves to be challenged at maths. However, as with any life skill, finance can be learned. All it takes is a willingness to try and a good tutor.

To discuss your business critical issue

Please call Paul New on 020 8390 9972 or send a message.

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To discuss your business critical issue, please call Paul New on 020 8390 9972 or send a message.

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