What Are the Key Financial Responsibilities of a Business Leader?
Business leaders have several key financial responsibilities, including:
Budgeting – Creating and adhering to budgets to ensure resources are allocated efficiently. Financial Planning – Developing long-term financial plans that align with the company’s vision. Cost Management – Identifying and reducing unnecessary expenses to improve profitability. Investor Relations – Communicating effectively with investors to secure funding and maintain trust. Risk Management – Identifying financial risks and implementing strategies to mitigate them.