Small business finance is the way small businesses manage their money. It includes getting the money needed to start or grow the business, like through loans, investments, or personal savings. Owners also use finance to buy equipment, pay employees, and cover daily expenses. A strong financial plan helps a small business stay open and succeed in a competitive market.
Good financial management is important for small businesses to avoid debt and make profits. Business owners must track income and expenses, create budgets, and save for emergencies. They may also need to understand taxes, interest rates, and how to deal with banks or investors. With smart financial decisions, a small business can grow and reach its goals.
