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I may say in my own knowledge that always work on budget and consider saving more than spend thank you

@Vivianbima said in Meaning of Financial Management:

Financial Management means

Financial management means the planning, budgeting, allocating, monitoring, organizing and controlling of the resource and use of fund of an organization.

@unia said in Share your best practices!:

Financial projections in the business plan:

Be clear about what drives the business.

To have facts backing up our assumption.

Be optimistic, but also realistic

Pay attention to investors' goals and interest.

Choose the right level of detail.

Make projections for 3 to 5 years.

Cash plan on a monthly basis.

This is awesome @Unia ! Thanks for sharing these. Are there any tools that your organizations use to help with these points that you can recommend, such as the multi-year projections or general accounting?