To ensure that a business enterprise is profitable and successful, various things have to be put in place. It is not just about selling goods and services that would make a business enterprise profitable, but also the ability to manage funds well. If a business is making a lot of sales and is unable to properly manage its fund, it would run at a loss. Hence, it is very important for a business enterprise to manage it funds.
In managing funds, business enterprises must ensure that they do not spend lavishly. In terms of spending, business enterprises should purchase things that are needed by the business and nothing else.
Furthermore, business enterprises should not spend lavishly while they purchase the things they need. They should ensure they seek for discounts on the products bought as they are entitled to it. When a business enterprise manages it funds properly, it is sure to yield profit