What are the basic more business?
Answers
Answer:
There are three main types of business activities: operating, investing, and financing. The cash flows used and created by each of these activities are listed in the cash flow statement.
Answer: Running a small business often requires that you become a jack-of-all-trades. It is therefore important to know early on the skills that you have and those that you will either have to learn or delegate to others. The key business skills to consider include:
Strategic Management. Creating a business and strategic plan for your business and making sure you keep to it.
Basic Accounting. Which records to keep, how to keep them and how to file them.
Financial Management. Where to find financing and how to manage it once you’ve sourced it.
People Management. Hiring your first employee and how to manage them.
Marketing. How to market your business through traditional channels, web and social media.
Sales. How to complete a sale and look after your customers.
Operations Management. Choosing and managing your suppliers
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