I’m thinking of checking out
A Financial Planning Career. It would be a shift, but I think I would enjoy it. I’d like to help real people get their finances in order.
From what I can tell after reading up on
Becoming A Financial Planner, it should be too hard for me to get registered and get started.
I’ve always preferred working for real people rather than corporations anyway.
What do you think?
The meaning of the term finance is where money is provided for a commercial activity either public or personal. The term can also refer to another branch of the subject dealing with its management. If you prefer, it can also be a general term which encompasses the entire subject of managing and supplying money in the business and private sector. People that look after or manage the arranging of finance are called finance managers.
Managing this involves dealing with the optimization and allocation of funds to various areas either by borrowing or by using those available from internal resources. It also deals with exchange rates history. The term optimization is used to explain the procedure whereby finance is maximized by reducing costs and increasing the return. Bad debts are poor finance management where rules have not been followed; the result of this is depressed markets, low production and a cash crisis. For this reason, a finance manager is expected to be very judicious in either the use of available funds or allocation for expenses.
One of the most famous management gurus Lee Iacocca referred to finance managers as Bean-Counters who almost look at the expense part with a rather pessimistic view. Unlike the sales managers who would like to invest in the future by product development, finance managers are rather skeptical of financing a project whose benefits lie in the future; even though their management governs future outcomes too. When arranging a business loan, many applicants forget that they are not to be used for personal matters; something that is ignored regularly. When money is lent under these circumstances, lenders feel quite aggrieved as they have lost control of where the money is being invested.
Although resisting the tendency to use funds this way may dampen someone's enthusiasm in the short term, it will focus the attention of the borrower and perhaps instill more discipline in the future. Fortunately, small businesses can always use the more approved methods of friends or relations to help provide finance. Finance managers can help improve their company's profits by using external sources which also lessens the risk on them at the same time. It is a well know fact that by the very virtue of the fact you require money, banks see you as a risk.