Question

Market risk management in banks in india

Answer 1

Your First Priority Should Be Spend Control
Yes, all businesses aim to make a profit and become a successful commercial entity. But before you can run, you need to walk – crawl even. When you set up a business, especially if you have raised capital, your main focus needs to be on cash-flow and spending.

You can start by tracking things in a spreadsheet if you need to but do investigate software that can do the tracking for you. Any good spend control platform should bring automation, cyber security and remove human error from the spend control equation.

“Every month isn’t enough,” says Derek Flanzraich of Greatist. “Nearly every week I’m checking both my personal and business finances.” We think it should be every day and in real time.