Today there are many Small-Medium Enterprise (Usaha Kecil Menengah) that appears. The income of small-medium enterprises is quite promising than you have to be an employee. However, these promising earnings can be obtained from the good financial management. Sometimes in a small business, business financial mixed with personal financial and the revenue and expenditure not accounted only remember. It is so not good for a business, you will feel desperate when you really need money for your business even you can bankrupt if you still like that.
Therefore, financial planning in a small-medium enterprise is needed. With a good financial planning, the flow of funds will go well, controlled and easily to be evaluated. Financial planning for small-medium enterprises that have to do; first, you should separate business financial and personal financial. You are a financial planner in a business of your own, you must be disciplined with this if you want your business are going well. You can make separately savings for each, personal and business. Second, Cash Flow, watch the cash flow of your business. If the expense of sales minus the cost of production and other cost then the result is positive, so your business got profit. Third, you as a financial planner should try to save money for emergency fund, it would be very helpful in case of an emergency.
And the last is income protection (insurance). Protection of income or in other words the protection of entrepreneurs who became a source of family income is a thing that needs to be planned. That’s financial planning for a small-medium enterprise. As a financial planner you should be disciplined with what is already planned.
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