Financial resource is the most important yet delicate and even crititcal in managing formal organization.Enoqy Mchomvu! Yes, you say right finance resource is the most important yes delicate because if we do little mistake for getting finance resource, it may be possible that our return will decrease. It may increase our risk of repaying this. For example, if we got loan of $ 1 million, if we took it for very short time at very high rate of interest. At that time, this finance resource will create big liquidity problem for our business. So, we have to take decision relating to this more seriously. It is also critical because if we are unable to repay loan, this finance resource will be the path of liquidation of our company.
Enoqy Mchomvu from Tanzania
Importance of Finance Resources