Management, Financial or Otherwise | Ramblings of an e-trader

Sunday, 29 April 2007

Management, Financial or Otherwise

I previously wrote a post that it does not matter how much a person earns but proper financial management will make the difference in whether one is well off or not.

My friend, though, is of the opinion that one mustn't slave for money. He said that it is useless if one has the ability to earn a lot of money if he is not able to enjoy it. I do agree with him but I also stand by my own opinion.

I got to know of a business owner who is a very visionary man. His ideas are brilliant and are always ahead of time. However, the way he works, one has the impression that he does not know the value of money.

He was, in my opinion, overpaying his employees and these employees, seeing that he was so loose with his money, were always trying to dip their fingers in the till. If he had shown that he is always in top of things, no employee would dare to do such a thing.

Because of his management, employees took advantage of him, and they resign before getting caught. This caused the high turnover of staff and the company was very disorganised.

One needs to have proper management of a company in order for it to flourish and being over generous with money is not one of the ways.

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