Finance Articles – Tips on Where to Get Them

When you deal with money and the various aspects that are concerned with it, then you are basically describing what finance is. There are many branches and disciplines that are all included in finances that few people understand. Since this is so, many people nowadays are always on the look out for information that can help improve their overall understanding of finances. There are many sources of information from books to magazines to the Internet. The Internet has opened doors for many people to conduct business and even gather information to help improve their financial situation in general.

There are two categories that finance articles can be found. There are those that are discussion based and deal with current financial issues and services. Then there is the category that provides proper descriptions of the difficult financial terms and target individuals who carry out research for educational purposes. There is a wide variety of articles that have been submitted that can give you advice on the various subjects on finance.

The information that you find in these articles contain information ranging from new offers, banking information, loans, payments and much more. You will find a lot of information on every topic that has to do with finance. You can get access to some of them for free or you may pay for others. The writers of these articles have to have thorough knowledge and have done adequate research on the topic.

It is also essential for the writer to use clear and easily comprehensible language. This is because some of the terminologies used to describe the topics can be complex. You can also get finance articles in the dailies or finance magazines. This could be from readers who inquire about a specific financial situation and they get answers from qualified experts. This will help other readers in similar situations have a clue on the way to handle their issues.

A Look at Finance Directors

In this article in our series of finance job profiles we will be looking at the role of a Finance Director. Finance Directors are seen as being the most influential when it comes to making finance decisions within a business or organisation. This role is a very important part of the finance function and you will be in charge of how the company performs by creating and managing budgets.

Due to the importance of the role you will be expected to liaise with all departments within the business helping them manage the budgets you have set them and working closely with the CEO to improve profitability.

Like most job positions, the type and size of a business will determine your exact duties. For larger companies, a Finance Director will be involved in more strategic decisions and analysis and if the company is of considerable size they may employ Finance Directors for just one department or decision. For smaller businesses, there will probably be less people in the department, so your role will be more hands on with the running of accounts.

General activities that the job will be involved in include, creating budgets and making sure they are adhered to, managing people within their team, creating accounts, future planning, analysing competitors, monitoring performance and cash flow and general financial advice within departments.

Top level jobs like this role will involve plenty of meetings, working between offices and putting in extra hours where needed. The skills a recruiter would be looking for in a candidate for a Finance Director include, strong experience in that sector, good business and finance knowledge, good people skills, high maths skills, an analytical nature, good at problem solving, good decision making and good management skills.

Individuals wanting to make it to Finance Director will have to work their way up as it is such a senior role and will require plenty of experience in the finance and accountancy sector.

Moving on from Finance Director roles can lead to more general management roles either within the finance world or in other sectors. Many move on to start up their own business and some even become Chief Executives of the companies they work for.

Top 5 Ways to Kill Your Chances of Getting Business Financing

As I’m working on various financing engagements, I’ve noticed a trend of behaviors and am using this avenue as a therapeutic sounding board. This article is dual fold. It’s a chance for me to rant and get some things off my chest while providing constructive feedback to you as to what NOT to do when searching for business financing.

There are ways to present yourself and ways NOT to present yourself. Today, I’m going to focus on my top 5 ways to kill your financing chances in hopes that you can avoid them.

1) Not Answering Questions Completely or Honestly – Nothing will ruin your credibility faster than being evasive with your answers; or worse, not being truthful. If you’re hiding information that is later caught, it makes me wonder what else you’re hiding. Your credibility is shot. Some people want to put a rosy face on a less than ideal situation…well don’t. In order to find you the best financing for your business, it’s important to disclose the good, the bad and the ugly. No business is perfect and these flaws WILL come out in underwriting. So be upfront…show everything, warts and all.

2) Not Following Through on Your Commitments – If you commit to providing information by a certain date, call back at a specific time, or meet at a certain time, etc. and don’t follow through as promised, you’re viewed as undependable and unprofessional…and nobody wants to deal with that. Say what you mean and mean what you say. If you follow through on your commitments, your clout goes up dramatically because of all the mediocrity in the world.

3) Radio Silence – If you think being late with your commitments is bad, going underground and ceasing communications is equivalent to you saying that you don’t want your deal done. Aside from a family emergency or something life threatening, I can’t think of any other reasons that are acceptable to just stop communicating. “But I’ve been soooo busy”, you might say. SO WHAT! I’m swamped and put in 14-16 hour days and don’t need or want to hear excuses like that. Please remember to stay in constant contact.

4) Sloppy and Unprofessional – When information presented is sloppy and unprofessional, it shows little care was used when preparing it. Many conclusions can be drawn, whether true or not. Maybe they’re not smart; maybe they don’t care; maybe they’re not serious. Whatever the conclusion, it will not help you get your financing. Make certain to prepare as if you’re providing the financing and ask yourself what you would want to see.

5) Form Over Substance – If you find that funding sources are cutting meetings short or they don’t want to have them at all, chances are you’re providing form and no substance. What’s this? It’s when you talk a good game and it ends there. You might get lucky and schedule a meeting or two, but when they catch on that the magic ends there, so will your meetings. Don’t discuss business philosophy or high-level theory. Have specific, concrete information about your company, why you need financing, how you’ll pay it back, etc.

BONUS: Here is a sixth way to kill your chances to get business financing…

6) Not Saying “I don’t know” – It seems simple but so many time people will stumble their way through trying to answer a question instead of just saying “I don’t know”. We’re all human. It’s OK to say “I don’t know; I’ll have to get back to you with an answer”. Don’t guess, or worse, make something up. Trust with others is always easier to build when you’re honest