Bedryfsbatebestuur van 'n groeiende onderneming : 'n gevallestudie
Nel, Johannes Jeremias
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The cheapest money available to finance the development and expansion of your business is to be found within your business itself. It costs nothing to locate, but requires effort, self-discipline and good management to realize and maintain the necessary capital. The management of current assets is an essential element of the financial management of a company. Current-asset-management plays an important role to assure survival of a company when growing fast. This report describes a case study of a specialist rehabilitation company, Envirogreen Pty. Ltd.. The aim of this study is to show that the management of bank, debtors, creditors and growth is important to ensure a solid financial platform, from which future opportunities can be captured. The sales of Envirogreen have grown at an average rate of 160% since 1993194. Innovative ways to speed up the collection of money from debtors, and management of suppliers, to yield a positive bank balance, were investigated. The financial statements for the period of 1993194 - 1997198 was analyzed and is explained. The major conclusions reached are described in the final chapter, along with suggestions to improve financial management within Envirogreen. The concluding chapter is followed by a glossary of terms.