In the next couple of weeks, we will be sharing on how to grow our business and we will zero in on business finance. As a startup or small business owner, learning how to grow your business finance is very important for the sustainability of your business.
Finance powers a whole lot in your business. The more of it you can attract and retain, the more profitable you will be as a business.
The foundation of having flourishing business finance is to understand the concept of money. If you are going to make serious money in your personal or business life, you have got to understand the concept of money.
First, let’s understand what money is not. As a startup or small business owner, if you understand clearly what money is, you will make it more:
- Money is not Paper note
- Money is not Naira, Pounds, Dollars or Euro
- Money is not credit alert
So, what then is this thing called money?
- Money is Value
Money is anything that has a form or measure of value i.e. anything that solves a problem or aids people and organizations to achieve a specific result they are looking at getting
- Money is a Medium of Exchange
Money is simply the medium through which value is exchanged between a buyer and a seller.
- Money is A Measure of Your Value
Money is a measure of how much your product/service is worth i.e. the measure of its worth.
- Money is Time
No much explanation to this. Money is Time!
In our next blog post, we will share more as regards to how you can improve on your business finance.
Now we have a question we want you to think about…CAN YOU BE PAID N1,000,000 FOR YOUR CURRENT VALUE LEVEL?
Before you answer in the comment session,….think again!
THE STARTUP PLACE LTD:
Welcome to The Startup Place Ltd. We support Startups and Small Business Owners with the Marketing, Finance, Operations and Human Resource Solutions to Grow their Business.
34, Ajao Road, Off Ogunlana Drive, Surulere, Lagos.
(+234) 816 986 1467, (+234) 818 432 7895
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