| Financial Management of a Small Handicraft Business |
The introduction of financial analysis into the management of a social production unit can seem a forbidding step. The first stage towards its incorporation must be the perception of its usefulness. If external finance is sought, a funding agency or bank will insist on seeing financial statements and projections, probably over a period of a few years. It is hoped that the description of analytical techniques given in this pamphlet would assist in serving not only that purpose but also the management of money during operational activity. A constant clear picture of where a business stands financially is essential for the well-being of the artisans whom it is set up to serve.