How can a company improve it's financial standing?

[eLdavis]

I think the company needs to get a financial manager that could checkmate the expenses and make profit from the company business , so the company would not run in debt

Indeed this would be the best thing to do right now. Most companies usually hire professionals in these field to help them manage their capital.

 

[Ceeny007]

Uhmmm,can one seek for external funds like selling shares while adopting this strategy?

In markets with little or no competition, you can easily employ a pricing strategy that optimises profits - called What The Market Will Bear (WTMWB). As it says on the tin, this strategy sets a price based on the maximum price the market (your customers) will pay.

This WTMB strategy typically works because those likely to buy a new product are not particularly price sensitive. If there is considerable uniqueness and desirability built into the product brand, your company could employ a WTMUhmm

 

[Alexandoy]

The best way for a company to improve it's finanacial standing is just to produce more and sell more. If you can give your workers target to work on and deliver as scheduled, your finanacial standing will definitely improve.

Producing more will entail a bigger expense on the wages of the workers while selling more would need a budget for the marketing and the sales department as well. What you may need is added capital or extra funds which can be obtained via a bank loan.

 

[Ralphjoe]

Well, any business can improve its financial conditions by controlling its expenses. However, this does NOT mean that businesses should start offering low salaries to their employees.

Well when the business want to control its expenditure it means that it will definitely will do some of it expenses and we all know that salaries and wages takes the biggest chunk of all company or business expenditure is so it will be difficult for the company to reduce its employees salaries and wages.

 

[Good-Person]

Well when the business want to control its expenditure it means that it will definitely will do some of it expenses and we all know that salaries and wages takes the biggest chunk of all company or business expenditure is so it will be difficult for the company to reduce its employees salaries and wages.

I know this and I have also noticed that many companies underpay their employees and this is how companies "save" money. This is a kind of unethical way of "saving" money. In a country like mine where there is no law regarding minimum wages or salary an employer is required to pay, we can expect such abuse of employees to happen.

 

[Thinker009]

Indeed this would be the best thing to do right now. Most companies usually hire professionals in these field to help them manage their capital.

They don't want to end up being broke ,so they have to look for one or two ways to hire professionals that can do that for them ,the move for professionals is really important

 

[eLdavis]

They don't want to end up being broke ,so they have to look for one or two ways to hire professionals that can do that for them ,the move for professionals is really important

True, I heard of a company that was almost going broke, they had to hire the help of a professional to help them with the management of their capital and it was what helped them

 

[Thinker009]

True, I heard of a company that was almost going broke, they had to hire the help of a professional to help them with the management of their capital and it was what helped them

Yeah I have seen cases like that too , that's why most companies actually takes more time and do all the necessary interview to get the person to work for the company

 

[Heatman]

As far as I'm concerned anything that has to do with companies financial standard means being able to get the company to have more money in their net worth so which means you have to find a way to increase the product and service sales of the company.

 

[Hena101]

I think the best way out is to get advice from financial expert that know how to do the work very well or they can look for partnership outside from a good company to laverage on them.

 

[Richard92]

In markets with little or no competition, you can easily employ a pricing strategy that optimises profits - called What The Market Will Bear (WTMWB). As it says on the tin, this strategy sets a price based on the maximum price the market (your customers) will pay.

This WTMB strategy typically works because those likely to buy a new product are not particularly price sensitive. If there is considerable uniqueness and desirability built into the product brand, your company could employ a WTMWB strategy.

A company can improve its financial stands by expanding the business where you expand the business the outcome of the business increased and by so doing you have to increase the financial stand of your business.

 

[Setho]

The company can seek out other means that they can be able to make money aside from the traditional method to which they have been doing or were created to.

 

[skyliequiz]

Each form of financing is meant to fulfill different demands, so it's critical that you pick the proper one for your organization. Smaller firms are more likely to rely on business overdrafts and personal loans, however this may not be the best option for you.

 

[jeff87]

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?

They need to really work harder in getting the sales. In the real estate company that I have worked before, we experience bankruptcy because of lack of sales for months. The company is bleeding. It's all out and no money coming in due to poor or sales report.

 

[Ralphjoe]

They need to really work harder in getting the sales. In the real estate company that I have worked before, we experience bankruptcy because of lack of sales for months. The company is bleeding. It's all out and no money coming in due to poor or sales report.

There are some situations where by sales does not come for a company and in such situations no amount of effort or strategy that the company or staff put into that will generate more sales simply because it's not the season for sales in the company. In such a situation what do you think that the company can do?

 

[Senator]

The company will need to do a proper audit of itself and see if and where the actual financial issues or woes are coming from. If it does find this out, that is a clean direction for them to go ahead and solve it speedily

 

[Dagm1]

Allow me begin through stating you have to involve the solution of monetary professionals whose primary responsibility is actually to protect the business coming from unneeded spendings & appropriate budgeting. Research study has actually shown that squander added a bigger part to why business operate at reduction. Business preparation will certainly likewise assist in creating the business afloat. Believe diversification as well as never ever repair higher incomes or even remuneration for panel of supervisors.

 

[Lens]

If the capital used in running the business is enough. The business is on it way to financial stability. The financial health of a company is measured by the amount of money the company has. Some companies go for secured loan when they do not have enough capital to run the business.

 

[Richard92]

In markets with little or no competition, you can easily employ a pricing strategy that optimises profits - called What The Market Will Bear (WTMWB). As it says on the tin, this strategy sets a price based on the maximum price the market (your customers) will pay.

This WTMB strategy typically works because those likely to buy a new product are not particularly price sensitive. If there is considerable uniqueness and desirability built into the product brand, your company could employ a WTMWB strategy.

A company can be able to improve its financial stand by simply having a good accountant or financial manager with this he'll be able to utilise the finance appropriately and generates good output.

 

[jeff87]

Producing more will entail a bigger expense on the wages of the workers while selling more would need a budget for the marketing and the sales department as well. What you may need is added capital or extra funds which can be obtained via a bank loan.

You are right. Bank loans is the answer to make the financial standing of the company improve. Another of course is the profit through abundant sales of your product or services.