Al Saif Group - Khalifa Al Saif

Each company either big or small, is always concerned about managing money. Appropriate financial management is important in present condition of unstable economy and the industry competition. Small companies especially require exercising concern with their financial decisions from the very beginning. It takes more than just an excellent strategy to run a business.  Finance manager keep an eye on every activities together with what the company is investing, how much they are earning, balancing the reserves, and look after the complete finance. Amir Sohail Rammay is a finance manager at Al Saif Motors having an excellent knowledge in financial control, analysis, and extension. There are 4 ideas for managing the financial aspects. 1.       Educate Yourself The first thing that you should do is educating yourself about the various aspects of finance. Learn how to read financial reports. This is an important statement tells you all about your money – where it origina

Several small-business owners begin a company based on the fact that they have proficiency with a specific product or service. Focusing your efforts on making an excellent product is the path to your success, but you are in the business to make money and the way you handle the financial side of your business is as crucial to your success as the quality of what you sell. Take some time to strategize realistic financial objectives and track them to assure that your business matches well with the potential. Therefore, Amir Sohail Rammay has devised some financial goals that can help in managing the finances. 1.        Increased Revenue One of the most evident financial objectives for any business is increased revenue. Conjecture your incomes and set objectives consistently utilizing an assortment of tools, including past execution, industry research, marketplace analysis, and feedback from your staff. 2.        Decreased Costs Some entrepreneurs come up short since they

There are many businesses that face failure due to poor financial management.  An analysis by the well-known financial advisor, Amir Sohail Rammay , states that less than a half new businesses exist over 5 years. As expected, financial problems is the reason behind certain startups to fail. Financial hardship is often an outcome of poor financial management, yet can also be an indicator of other, largely in-depth issues, such as lack of market for the product or superior competitors. Better Financial Management in Business Competent financial management includes thorough records keeping as well as proper planning. As a business owner you require to manage your cashflow so that you can pay expenses such as you rent, utilities and payroll on time. For this, you require to expand your expense over the year and provide your clients or customers strict payment terms. Cashflow Problems and Invoice Financing Based on the company you work in, you may inquire you customers to

Practicing financial control is one of the vital roles of a finance manager. Financial control goes for planning, evaluation and coordination of financial activities with a specific end goal to accomplish the goal of the company. Thusly, this sort of control gives management, or others holding a high state of responsibility in the business or organisation, with enough valuable contentions and experiences enabling them to take choices that make sure the follow-up of any corporate goals proposed. Concept of Financial Control Financial control is concerned with the approaches and strategies surrounded by an organization for documenting, managing, evaluating and reporting financial transactions of the company. As such, financial control demonstrates those tools as well as methodologies assumed with regards to control its different financial matters. Importance of Financial Control Finance is imperative for any organization and financial management is the science that deals with

The three primary sources of funding for a business are incomes from business operations, investor finances for example, owner's, partner’s or venture capital, , and credits from people or money related organizations. Businesses require finances for every day operations and to meet basic expenses and payments. Expenses are either short term, for example, payroll payments, or long term, such as purchasing buildings. Significance It is difficult to accomplish your long-term and short-term objectives without adequately dealing with your funds. Inefficient management of finances could prompt liquidity deficiencies. You require stores for business development, market competition, and to keep your business operational and maintain your customer base and to keep your business operational and keep up your client base. Amir Sohail Rammay proposes that if your accounts are confined, dangers that can contrarily influence the amassing of essential business funds should be suppor

Financial planning assists you decide your short and long haul monetary objectives and make a balanced plan to meet those objectives. Here are some powerful reasons why financial planning – with the assistance of an expert financial advisor Amir Sohail Rammay – will get you where you need to be. ·          Income: Managing income helps you see how much cash you'll require for tax payments, other month to month consumptions and funds. ·          Cash Flow: Enhance cash flows by precisely tracking your spending trends and expenses. Tax planning, prudent spending and careful budgeting will help you keep a greater amount of your hard earned money. ·          Capital: An increment in cash flow can prompt an increment in capital. Enabling you to consider investments to enhance your general money related well-being. ·          Family Security: Having the correct insurance coverage and policies in place can give genuine feelings of serenity to you and your friends an

In the bustling lives that we lead today, it is exceptionally hard to keep a track of your spending. Many people go on spending enormous amount of cash all during that time and when they return home at night they can't recall where and how they spent their cash. This can bring about a considerable measure of issues. Hence it is essential that the practice of money management should be taken seriously, else you could wind up anguish serious misfortunes in your personal finance. Finance management solutions are given by a considerable measure of sites in the form of software and applications that the user can download to monitor his or her own fund.  The UI of these applications is extremely easy to use and it enables the user to enter where they spent the money and the sum that they might have spent. Thusly you will have a total record of where you spent your cash and you can check later on and choose whether some of your buys were not by any means required. Additionally

Viable financial management is fundamental for business survival and development. It includes planning, organizing, controlling and monitoring your financial assets with a specific end goal to accomplish your business objectives. Financial management should   become an important part of the main processes within your business and   be added in your ongoing planning . You may feel that your finances convoluted and confounding however the accompanying eight top tips by Amir Sohail Rammay should help you to gain control of them. 1.     Have a clear business plan Before you begin any work, you ought to have a good plan which will disclose to you how you will finance your business, what money you need and where it will originate from. 2.     Monitor your financial position Continue checking the progress of your business regularly. Additionally audit your position against the target sets in your business sets on month to month premise. 3.     Ensure customers p