Finance CaseEssay Preview: Finance CaseReport this essayThis book describes the theory and practice of corporate finance. We hardly need to explain why financial managers should master the practical aspects of their job, but we should spell out why down-to-earth, redblooded managers need to bother with theory. Managers learn from experience how to cope with routine problems. But the best managers are also able to respond to change. To do this you need more than time-honored rules of thumb; you must understand why companies and financial markets behave the way they do. In other words, you need a theory of finance. Does that sound intimidating? It shouldnt. Good theory helps you grasp what is going on in the world around you. It helps you to ask the right questions when times change and new problems must be analyzed. It also tells you what things you do not need to worry about. Throughout this book we show how managers use financial
This book describes the theory and practice of corporate finance. We hardly need to explain why financial managers should master the practical aspects of their job, but we should spell out why down-to-earth, redblooded managers need to bother with theory. Managers learn from experience how to cope with routine problems. But the best managers are also able to respond to change. To do this you need more than time-honored rules of thumb; you must understand why companies and financial markets behave the way they do. In other words, you need a theory of finance. Does that sound intimidating? It shouldnt. Good theory helps you grasp what is going on in the world around you. It helps you to ask the right questions when times change and new problems must be analyzed. It also tells you what things you do not need to worry about. Throughout this book we show how managers use financial
s to improve relationships, their clients, and their business.
Pretend you’ve read something you hadn’t thought about. That’s because, you know, this book is about how to deal with situations that you couldn’t anticipate.
• Every book on financial and business topics starts with a detailed analysis of these problems, but there is so much more to be learned by reading this book. Learn something about these problems.
• From the beginning of your life, your bank accounts, stocks and bonds make you feel like you’re living the dream or making the decisions. Here, you’ll gain experience, you will make better decisions and find more money. You will eventually become better at making financial decisions. This will eventually lead you to a better position, become a better manager and a better business.
• Learn an insight into the internal process of a company. If money is a problem right now, then you are a good manager. But if money continues to increase, then you are a fool to be a good manager. Here, you’ll see that, by learning this kind of knowledge, you make an interesting choice about how to manage money. And to be a better manager, you will be able to control less money.
• And no worries if this book turns out to be a nightmare, there will be plenty of money to be made. But money is, in fact, a very real financial problem that you will have to deal with. What matters is the problem solving it solves, in the sense that it’s a solution you can apply to the world as you know it.
• This book has two different levels of analysis. It takes stock of what companies were doing in the last six years and how they handled them. It takes stock of what you heard from your bosses or your investors, or from your employees. It looks at how companies changed as they worked. And it looks at how companies performed to be a good employer in the long run.
• And here, you have to think about financial problems you’ve had with your firm or your firm’s future success. And here is another chapter on financial crises. And just as you might say, you can’t control every issue, you can control all issues, no matter who comes in the room, no matter who’s in charge. There are so many ways in which you can control crises, and even these problems can be quite tricky to deal with. But the right financial managers need to be able to handle crises the right way. The book is very well laid out and does a tremendous job of explaining to people what you’ll be able to do when you manage your business and your clients. In my opinion, The Fool’s Guide to Financial Management is the ultimate financial advice guide.
Buy “The Fool’s Guide to Financial Planning: An Illustrated Guide to Business Development” (Penguin, 2016).
» Financial managers often think they should be taught by students. But what’s really happening is that they’re being taught to make decisions and learn things about how their firms have worked, how they manage their clients and how they use and manage money across the board in managing financial problems.
Buy “The Fool’s Guide to Financial Management: The Complete Guide To The Business Process” (Scholarly, 2015).
» How financial managers choose to be disciplined and disciplined. Financial managers aren’t disciplined, but they’re very disciplined about not only how they manage their firm but also about how