How to find the best Finance Manager?

Finance is an umbrella term for the movement of money from one company to another (or individual) to pay for goods or services and repaid with interest. The subject it is actually a part of is economics which is also used to manage assets both monetary and fixed. Private corporations in addition to the public sector use the term when they discuss their business assets. This of course requires the use of specialist trained in money matters often referred to as finance managers.

Simply put these managers arrange money to be lent to businesses or private individuals using either money already available from company accounts or from external lenders. The function of the finance manager is to Optimize or enable the fund to be made available with as little cost to the company but provide for a profit to be made in this process. Because the world revolves around finance, when there is a problem with bad debts and depressed markets, production and sales start to decrease as it is a very fine line that is walked. This is why people who act as finance managers only have this type of work for a relatively short period because the potential risk to companies is high and so are the stress levels as a consequence.

Finance managers can be very short sighted, only looking at the initial cost involved and not the future return capability of the project. Finance managers are people who always like to see where they have been and do not look towards the future in the same way that a sales manager does. Often though, problems occur with small businesses who fail to see the distinction between a business loan and a personal one. Managers are rarely impressed with this situation as they believe they have aright to know what their money is being used for.

Businesses are gradually getting the message that they must behave more responsibly if they are to stand a chance of expanding in years to come. The problem is that many small businesses do not always source the best finance deal like trying their bank or alternatives like family or relations. Lenders prefer to use money from elsewhere because it lowers their risk but still allows for a healthy profit to be received by the finance company. Bob Hope once said that you can only get a loan from a bank if you can prove to them you have absolutely no need for it; advice which could not be more true.