Posted by: abillionaire | June 10, 2008

Cash flow, Financial Forecast, NPV, CAPM, Risk Analysis %$£* I just want to run a business

Stressed!So today I had to do some financial forecasting and Start-up expenses. I get to meet a couple of accountants on Thursday to speak about taking things forward with my company from a financial perpesctive. I hate the financial side of business, but don’t get me wrong I understand the importance of it all. The truth is I blame the schools, they teach you how to add, subtract, multiply and divide, but that is only just the beginning. By high school I think they should introduce Financial Business classes, not just to understand finances from a business perspective, but finance from a personal perspective as well. Why do you think so many people get into debt? The truth is the majority of people do not understand APR’s and the rest of it, if they did they would be able to do like all the banks have done recently and when s%&* hits the fan (credit crunch write downs) go out with the begging bowl and raise money from shareholders and SWF. Now imagine if you as Joe Blogs could do that, you would put bailliffs out of business.

The truth is we need better financial understanding and I know if I want to become a billionaire I better have my accounting hat on a lot of the time or better still have a really good accountant I can trust. Yes TRUST being the operative word, because otherwise you will end up like Sting and have a couple million missing next time you check your bank balance!

I wish you wealth, good health, peace and happiness.

abillionaire

PS: I am off to play some basketball now hence the short blog. More tomorrow!


Responses

  1. [...] Read the rest of this great post here [...]

  2. [...] on from my post two days ago [Cash flow, Financial Forecast, NPV, CAPM, Risk Analysis %$£* I just want to run a business! - 10th...], I had a few meetings with some Accountants today. As my Innovation and Business Enterprise [...]

  3. i’m interested in accounting because im an accounting student and i want to be a CPA..


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