Archive for November, 2009

Financial capital or funds are essential resources to the entrepreneur. These are the lifeblood of the enterprise. Th entrepreneur needs money in starting his business. He also needs money for the development and growth of his business. In many cases, small entrepreneurs have inadequate capital. Thus, it is important for them to be able to identify the sources of funds.

However, far more important is the ability to manage funds. There is a basic need to plan and control financial resources. Without such abiity, the enterprise is most likely to fail. Not a few businessmen failed simply because they have no competence in budgeting their financial resources relative to their business objectives. When they have the money, They do not know how to use and control it.