How can a company improve it's financial standing?

[shakky2]

a company can improve it's financial standings through so many ways,it may be the case that they can apply for a minimal loan that wouldn't affect the company's operation too much. another way by which a company's finance is by getting people to raise fund as investment

 

[Tmanroyal]

The best way to increase a company's financial standing is by
1. Introducing an eye-catching products to the society which will increase the financial status of the company.
2. Avoid bankruptcy
3. Make suggestions to your customers on what they need more from you.

 

[Chumzy]

I think that every company is set out to make profit as it's primary aim of existing. To improve that will be equivalent to improving the activities of the company that brings profit. Offering the best products at the best possible price is the best way to get more customers to buy which leads to more profit.

 

[Highflyer]

1. Get advice from a professional.
2. Recover outstanding debt.
3. Reduce or rearrange expenses.
4. Sell assets.
5. Offer markdowns or increase prices.
6. Consolidate debt.
7. Use new marketing techniques.
8. Offer additional payment options.

 

[Zubair]

Like they say, finance is the lifeblood of a Business, when a business is going through a rough patch, it's financial position can help it weather those storm.
in a case of a company that it's finance isn't looking so great, how can that organization improves it's financial standing?

I think that Company should try to increase it's sales to get its Finences into a wealthy position. They should attract more customers towards them by advertisement and through different types of discounts by keeping low marten profits. By doing so even they would get low profit but due to increment I sales their Finences would become satisfactory.

 

[joy101]

Company can improve it's financial stand by lowering their expenses not to keep them high, it isn't necessary to go redundancy there are other avenue the company can recoup some money that will help to relieve their financial crisis.

 

[Rimsha kanwal]

Like they say, finance is the lifeblood of a Business, when a business is going through a rough patch, it's financial position can help it weather those storm.
in a case of a company that it's finance isn't looking so great, how can that organization improves it's financial standing?

An important part of your business plan should be to improve the financial position of your business. Follow our steps to improve your financial position and cash flow. You don't have to use all the steps, or follow them in any particular order. Choose the ones that best suit your business situation.

 

[.V.]

If it is a large company, they can make deals with other companies. They can also throw a fundraiser to attract investors to buy shares in the company.
If it is an industrial business, develop new ideas for your products to attract buyers.

 

[Tiwa]

A company finance might be suffering some setback not because there is no sustainable fund but because cost control is terribly poor.There is need for an evaluation to see where there is a breach in cost and put a plug.It could through supply sourcing or inefficient time management leading to more labour hour.
A consultant can be called in to evaluate and proffer solution .

 

[Oliver 20]

Selling undesirable resources can be a decent method to get some money and decrease your capacity costs. Consider renting your primary resources. This assists with spreading the expense over a more extended period.

 

[Ryeetar]

I wouldn't advice a company to improve it finances by obtaining a loan, it should rather look for investors who are willing to invest in them. Also they can merge with other company of similar products, agree on interest so that business can go on.

 

[Fabby]

To make improvements on your company’s financial position, you have to assess every aspect of your business and identify areas that need improvement. There are many factors that determine your business’s overall financial state, one of them is to lower your expenses

 

[Sariana23]

Let me start by saying you need to engage the service of financial experts whose main duty is to safeguard the company from unnecessary spendings & proper budgeting . Research has proven that waste contributed a larger portion to why company run at loss. Corporate planning will also help in making the company afloat. Think diversification and never fix high salaries or remuneration for board of directors.

Excellent answer @Dylinks, I even think it is the best so far, "the service of financial experts whose main duty is to protect the company from unnecessary expenses and adequate budgets". This is what generally happens when the situation of the company is failing, unnecessary expenses. And it is precisely the financial expert who can help.

 

[Kiwi]

Let me start by saying you need to engage the service of financial experts whose main duty is to safeguard the company from unnecessary spendings & proper budgeting. The institution needs to take a good look at itself in certain areas and see if it can find cheaper alternatives that will render services.

 

[Bart Simpson]

You need to engage the service of financial experts whose main duty is to secure the company from unnecessary spendings and proper budgeting . Research has proven that waste contributed a larger portion to why company run at loss. Corporate planning will also help in making the company afloat. Think diversification and never fix high salaries or remuneration for board of directors.

 

[Eamodu]

Like they say, finance is the lifeblood of a Business, when a business is going through a rough patch, it's financial position can help it weather those storm.
in a case of a company that it's finance isn't looking so great, how can that organization improves it's financial standing?

Well I will say by looking at what the root cause of why the company is losing money. Could it be that the cost of running the business is more expensive than it should be? Is salaries of works taking a tool on your business? Do you have sabatours? Many things need to be checked. When that is done,your business will move.

 

[HassanRaza]

Get advice from a professional.Recover outstanding debt.Reduce or rearrange expenses.Sell assets.Offer markdowns or increase prices.Consolidate debt.Use new marketing techniques.Offer additional payment options.

 

[tibemichael]

Use new marketing techniques,
putting more effort into marketing doesn't necessarily require spending more money. For example, using the internet and social media can be a cheaper and smarter way of getting your message across.

 

[Hdre3m3n]

There are numerous ways a company can improve its financial status. The most common is obtaining bank loans but there are other options like selling the company shares and seeking for financial assistance.

 

[RETIRED SINNER]

Business loans is one option to keep a company financial situation afloat . Another option is to secure an investment from third party. Investors funds helps to keep the company afloat . Another option is public partnership, collaborating with members of the public can also help cushion negative financial effects.

Your right but too many companies are scared of bank loans, because of the way banks operate, the way banks operate in your county might differ from mine, I recall I once suggested we go for bank loan in one company I worked but the owner refused saying he rather sell it than going for bank loan