Finance – The Fuel For Progressive Business

Finance is a simple keyword around which the globe revolves. It is therefore the basic aspect behind the existence of mankind and the most important of all aspects that support the sustenance of human race.

Going by the dictionary, Finance refers to the science of managing funds. On the other hand, if you seek a fairly brief elucidation on what finance is, the investors come up with this: The act of saving money for future use and making more money with the saved money by investing in new areas and lending etc is commonly regarded as Finance. It is a life-blood of any business that can be categorized into 3 types with respect to the regulation of the funds and the mode of investment in the areas namely

* Personal finance,
* Corporate finance and
* Public finance.

Finance keeps the monetary world running. Scores of businessmen (Personal finance), government and other social financial bodies (Public finance) and few enterprises and conglomerates (Corporate finance) are highly dependent on this seven-letter mantra. Only finance powers a cycle that rotates by means of financial credibility of all the businesses run by several entrepreneurs. Ultimately, this cycle depends on the finance obtained from the lenders and the money offered to the borrowers. Now the need to relate to the importance of financial credibility is rightly understood, I hope.

Experts say that the domain of finance usually deals with the interrelation of 3 fundamental aspects that constitute the major part of financing namely time, risk and money involved. Furthermore, a budget that is sometimes referred to as financial plan would also determine the fate of the business. This is why new companies believe in employing financial experts so that an effective and professional implementation of a plan that they propose comes along well.

While contriving a finance plan, if there is a miserable failure in adhering to expert advice a unbearable financial turmoil— irrespective of the financial reserves and credit ratings on hand-is sure to come about. Granted, every business man who wants to build up his firm into a concrete and profitable business unit must understand that finance would play a significant part of his business development cycle.

Therefore, managing funds is important to ascertain that the future is safe for both the workforce and the enterprise, especially, when there is a global financial slowdown. Financial assessment and development tools would be in huge demand in the times of recession. Naturally, if a businessman wishes to see the firm keep away from succumbing to financial impediments he must put a regulated dynamic budget plan in place. It should be monitored periodically and be changed if the plan invites a strategic change in the finance plan to fend off a possible financial turmoil.

Car Buying Tips – Zero Percent Financing From the Dealer – Is It Really a Good Deal?

The ads are everywhere “0% financing for 60 months”, “No interest for 4 years”. As enticing as that might sound, it is not always the best deal if you are going to finance your new car purchase. Here are three things to watch out when deciding to take the 0% interest route.

Buying Too Much Car

When presented with the 0% financing offer, some people think that it is a shame not to get the most car that they can get. Even though there is not interest, just remember that there ARE payments. And the more expensive the car (interest or not), the higher the payment.

Bait and Switch

You have picked out your car, negotiated the price that you want and are ready to step into the Finance office. Everything is going according to plan until the Finance Manager tells you that because of your credit, you do not qualify for the 0% financing. Now what?

You have invested your time and emotions into the car and you hate to walk away. You may as well listen to what the Finance Manager has to say. He tells that while you do not qualify for the 0% interest, you can get a great rate from the bank that they use. And, good news, it would only raise your monthly payment by $20 versus the no interest financing. Sounds good. You say, “I will just go out to eat one less time per month, no problem.” But there is problem: if you multiply $20 X 60 months, the price of your car has just gone up by $1,200!

At this point, you can do one of three things: 1) get up and walk away from the deal; 2) relent and buy the car at the higher interest rate or 3) leave and try to find your own financing with better terms and come back and buy your car with those funds.

The Small Print Concerning Rebates

Most of the time, when you take advantage of the 0% financing from the dealership, you will forfeit any rebates the might be available for the car. The small print in the advertising will usually say something like “0% financing in lieu of rebates. This is where you will have to find a good online calculator and do some math. Here is an example of a case where taking the rebate instead of the 0% will actually save you money.

Example: Assume that you are buying a car for $15,000 and you can either have a $3,000 rebate or 0% financing for 60 months.

0% Financing – monthly payments = $250 ($15,000 / 60)

6% financing with $3,000 rebate (again, use an online calculator for your specific situation) – monthly payment = $231.99

Using the rebates instead of the 0% financing will save you $18.01 per month or $1,080.60 over the 60 months of the loan.

The lesson here – 0% financing will not always be the best deal.

Specialization In Finance Is Most Desired Amongst MBA Students!

Specialization in MBA-finance is perhaps the most desired and sought after finance courses in India. More and more aspiring MBA students opt for courses in finance as their first choice. But why choose MBA finance over other fields in business administration? The answer is very simple! The changes in the Indian economic scenario and a rise in the financial sector combined with lucrative opportunities have made finance one of the favourite choices amongst students.

Moreover cutting edge technologies, advanced business strategies and the need to always stay ahead of your competitors have increased the want for business houses to take accurate financial decisions. And with a degree in finance, individuals can help various organizations take important and valuable financial decisions according to market trends. Also, with MBA finance programs, individuals get the chance to enhance their knowledge on financial topics and also increase their chances of better career opportunities.

The demand for finance professionals is not only apparent in India but also in the international market as well. There are various reputed MBA colleges and business schools that offer courses in finance to help students learn the methodology and strategies of the finance and banking sector. Most of these institutes offer a curriculum that focuses primarily on the recent business trends, banking strategies, financial instruments etc and includes extensive practical classes, assignments, case studies and workshops.

Choosing a renowned MBA institute is very important that offers the requisite knowledge and helps students to face the competitive industry with full confidence. Numerous students, on successful completion of these courses have received lucrative offers and joined Indian as well as top international companies. Different courses of finance can help students to land up in the sectors of corporate finance, risk management, insurance sector, Insurance manager etc. The demand for qualified and smart finance professionals can never go out of demand with vast career scope and immense opportunities. Therefore the need for effective and well designed courses in finance is mandatory to churn out intelligent, well read and extremely knowledgeable students who can take the industry by storm.