Entrepreneurs constantly face challenges in keeping their finances in order. Roberto Kimura, a financial management expert with 28 years of experience, who has also served as Chief Financial Officer (CFO), shared his most effective strategies to help small and medium-sized businesses improve their financial health and ensure long-term success.
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1. Strengthening the Company’s Image:
Keeping finances organized demonstrates commitment and projects a positive image to the market. This increases the confidence of customers, suppliers, and investors, which is essential for the company’s growth.
2. Adopt an Integrated Management System (ERP):
Kimura recommends using an ERP system, which facilitates financial control, centralizes data, and automates processes. In addition to reducing errors and costs, ERP allows real-time monitoring of performance indicators, integrating with other software to simplify management.
3. Establish a Financial Plan:
A solid financial plan is crucial. It should include daily cash flow monitoring and the setting of short, medium, and long-term goals. This helps allocate resources properly, identify waste, and avoid debt, ensuring that the company keeps its finances in order.
4. Separate Personal and Business Expenses:
Separating personal from business accounts is vital to avoid financial confusion. The expert suggests using distinct bank accounts for each, making it easier to manage and ensuring the company has a clear view of its revenues and expenses.
5. Implement Efficient Inventory Management:
Efficient inventory management reduces storage costs, prevents waste and expired products, and improves cash flow. By ensuring the availability of products for immediate delivery, the company can increase sales and optimize resources, freeing up capital that might otherwise be tied up in idle products.
With these practical and results-focused tips, Roberto Kimura emphasizes the importance of strategic financial management for small and medium-sized businesses.
“By implementing these actions, entrepreneurs can gain more control over their finances, optimize resources, and create a solid foundation for sustainable growth. Financial organization not only brings immediate benefits but also prepares the groundwork for future opportunities, allowing the business to stand out in an increasingly competitive market.”
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