Strategic Working Capital Management in Small and Medium Sized Businesses

Abstract

Research shows a majority of small businesses fail in their early years due to poor financial management, turning the dreams of many business owners and novice entrepreneurs into nightmares. This book serves as a guide to prevent small business owners and novice entrepreneurs from experiencing financial disasters. In a simple and easily applicable fashion, it explains how financial management in an enterprise can be conducted strategically to attain significant improvement in business performance. The book takes the basic strategic management model of environmental scanning, planning, implementing and feedback as a framework. It approaches the core financial practices and instruments as elements of strategic financial management which any small or medium sized enterprise can use as strategic tools for a sustainable organizational performance and growth. With its unique strategic outlook, this text is a vital reference book for non-financier small or medium sized enterprise owners and individuals who aim to successfully establish and run their own businesses in the future