small business finance

Small business finance involves managing the money needed to start, run, and grow a small business. This includes obtaining funds through loans, investments, or revenue, and using that capital for expenses like inventory, payroll, equipment, and marketing. Good financial management helps ensure the business can cover its costs, plan for future growth, and stay financially healthy. It also involves tracking income and expenses, making informed financial decisions, and preparing financial statements to understand the business’s performance. Efficient finance management is essential for sustainability and success in a competitive market.