Troubleshooting Financial Management For Start-Up Companies

How to carry out financial management at the beginning of entrepreneurship?

Question: I am with my classmates.

Answer: no matter how small the scale of an enterprise is, there must be a financial system or an accounting operation criterion.

From the point of view of financial management, first, we need to record the basic financial accounts and make statements according to the financial figures.

As a manager of initial business, we must first understand the meaning of the three major financial statements, and we should know that the three major statements have their key points.

The three major statements are a whole. The results of a complete business operation can not be seen in the case of individual disassembly. The three major statements are:

The balance sheet: where does the enterprise's money come from? What assets do the enterprises invest in these funds?

Profit and loss statement: all kinds of cost structure and the level of profit.

Cash flow statement: the cash flow and outflow of three activities, such as operation, financial management, investment and so on.

From the background of the introduction of the questioner, because the company's business involves pactions and cash pactions in other places, the bills such as cash pactions and trading vouchers must be kept intact and consistent with the recorded accounts.

For startups, there is also a very important financial problem that needs to be paid attention to is cash flow. We should pay attention to inventory and cash flow, and reduce unnecessary cost generated by circulation.

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Specific matters to be noted in the following aspects include the following items: 1. the original data are kept intact.

2., make clear accounts with customers, especially the subsidiary ledgers, collect money promptly, and settle accounts at the end of the month.

3. pay attention to credit evaluation when developing new customers.

4. check the bank statements by yourself.

5. shareholders prepare monthly budgets together.

6. report monthly cash status and financial statements to partners.

7. the business expenses of the field sales must be reimbursed in time, and the quota and reimbursement method must be set down first.

Entrepreneurs must be afraid of checking, not afraid of facing financial figures, and not afraid of financial analysis, because finance is the most important thing for an enterprise. It can help you optimize business decisions, help analyze business conditions, and help you achieve the goal of creating personal value faster.

How to effectively monitor and manage the financial work of subordinate enterprises?

Question: I am the treasurer of the company. I have a factory under the company. How should I supervise and manage the finances of the factory? Is there any ready-made system or method for the experts?

Answer: the starting point of monitoring and management is the system. The enterprise has a complete management system, whether it is the operation system or the financial system, so it is necessary to monitor and manage it.

The company signed the annual responsibility letter with the director of the factory, and the director must execute it according to the budget. This is a way to monitor and manage subordinate enterprises or factories.

However, the traditional strong monitoring and management methods often bring some games, and suggest to use the incentive method to try.

What incentives should a factory director use to motivate him? He has to consider what he wants. People get economic remuneration in the enterprise, such as wages, bonuses, benefits, and other non economic rewards, including growth, challenges and value creation.

For factory directors, more incentive should be non economic remuneration.

Traditionally, the management of factories is based on the cost center approach. The factory director is responsible for the standard manufacturing cost. If the outsourcing price is used as a pfer price to a profit center, the factory director will be encouraged to create profits and share the profits with the factory director, which will usually result in a greater cost savings for the factory director.

If we further turn the profit center into an investment center, let the factory manager operate the factory as a factory that he invested in, create a return on investment and share his profits, which will inspire the factory director better.

How to make sense

Question: I am going to start a company with a few friends. I am responsible for finding relevant information about enterprise management. The key is how to make all shareholders work together for a long time. Because there is no experience, please give us directions. Thank you.

Answer: first of all, we must determine whether all shareholders in the question are registered in the list of shareholders. Next, we need to determine which benchmark should be used as the equity ratio of registration. If we take the ratio of cash contribution as the basis of the registered equity ratio, the distribution of profits is not a problem.

It is suggested that after a trade-off between the long-term development needs of the enterprise and the personal income of the shareholders, a percentage of the profits will be allocated as a distribution through the resolution of the shareholders' committee and then allocated according to the shareholding ratio of each person.

If some of them do not take the cash contribution ratio as the basis of equity registration, but take part in the technology, management or brand, this will lead to a dispute when the allocation is made. It may also be because the cash contribution rate is the ratio of registration, but the fact that the company's business output is not equal, or the result is different, or the work is not equal, causes the dispute of profit distribution.

This situation may be considered in the following ways.

First, negotiate as much as possible and include words in the relevant rules or regulations, or become contracts.

Enterprises are always looking for a short balance in turbulence.

A clear understanding of this is conducive to the unity of shareholders.

Second, we should try our best to deal with people's problems: the long-term cooperation and start-up of partnership entrepreneurship, the key is the relationship between partners and whether they trust each other.

Generally speaking, enterprises with long term cooperation have the following characteristics:

1. partners have good relations and trust each other.

In order to achieve this goal, one is to ask the partnership to be familiar with each other and at least establish a good trust relationship; two, after the partnership, the partners should communicate with each other, maintain a full understanding of the business information, and communicate the ideas of the enterprise development in time to resolve differences.

2. the complementary advantages of partners based on capability are based on the distribution of interests and interests allocated to enterprises and do not destroy the interests of the company. No partner should encroach on or encroach on the interests of other partners for their own interests.

3. last but not least, when the development of enterprises is smooth, the conflicts of interests between partners will be obscure. When the development of enterprises is confronted with bottlenecks, the contradictions between them will easily be aroused.

How to raise start-up funds?

Question: our company has just started, the product is a harmless organic fertilizer. It has done some experiments in some vegetable bases in Hebei and Shandong, and the effect is good, attracting many customers to sign the bill.

The difficulty now is lack of capital to expand production and not knowing how to raise funds.

The company has a production line of 1000 square meters.

But the loan is very difficult. I am not sure about the specific procedures. How can our company raise a fund? (questioner: best shooter) answer: it is recommended to proceed from the following aspects.

1. debt financing a) financing from banks and other financial institutions.

This method is generally not applicable to an enterprise at the stage of entrepreneurship, because at this time, enterprises have not established credit on the one hand, and enterprises also lack fixed assets for collateral or guarantee.

If enterprises have the necessary assets and are in urgent need of capital turnover, pawnshops may be a quicker choice than banks.

B) choose financial leasing.

That is to say, the fixed assets such as equipment and facilities used by enterprises can not choose to buy, but to find the form of leasing by leasing companies, which can save a large amount of fixed capital expenditure for enterprises.

Of course, your business profit margin must exceed the lending rate in this way.

C) financing from suppliers.

This refers to the company's policy of making reasonable accounts receivable, and by making full use of the payment period of suppliers' accounts payable to achieve the purpose of making use of suppliers' funds for turnover.

D) financing other creditors.

In the early stage, enterprises can choose to finance other acquaintances and other creditors. However, such financing methods must fully and reasonably design relevant optional clauses, such as the qualification and conditions of stock ownership at some time after the creditors are granted.

E) existing shareholders' loans.

Shareholders lend to the company instead of increasing capital into shares, and then withdraw when the capital turnover is normal.

2. equity financing a) existing shareholders' capital increase; b) attracting new shareholders to join; c) seeking venture capital.

However, in addition to seeking funds outside, enterprises should manage the cash in the company's accounts, and the cash generated from them is relatively reliable.

At the beginning of a business, it is not appropriate to pursue "big" blindly.

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