Financial Management of a Small Handicraft Business (Oxfam, 1988, 43 p.): Conclusion

Financial Management of a Small Handicraft Business (Oxfam, 1988, 43 p.)

		Acknowledgements
		Introduction
		I. Cost calculations in the handicraft industry
		II. Pricing
		III. The concept of working capital
		IV. Financial planning and decision making
		Conclusion
		A manual of credit & savings for the poor of developing countries

Conclusion

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.