You can’t run your business effectively without knowing how finance works and having a plan for how you’ll spend the money you earn. Understanding money management helps small businesses coordinate financing activities, avoid bankruptcy, limit risks, and get the best possible returns on different investments. With the proper financial planning and management, organizations can maximize profit. By studying historic trends and building predictive models to plan for the future, financial analysts can provide actionable recommendations that fuel growth. Learners interested in the discipline for professional or personal reasons can study how to manage financial resources at the household and business…