Improving the efficiency of financial management of small business as one of the solutions to the problem of funding

Despite the increased assistance to small businesses from the state, there are several problems limiting its development. A special place in the problems of small business development is the issue deficit financing. The most accessible source of development for most small businesses are the internal resources. One of the major sources here is cost reduction. The quality of financial management of small enterprises in most cases remains the same - intuition and experience gained. Even if the subject of small business wants to more effectively manage their finances and to this end, searches for any information, he is faced with several challenges. The first - failure and inadequacy of the information base. The second problem is that most of the financial management techniques adapted to large enterprises. Their use is complicated by the significant features of small business: more small businesses are focused on debt financing with a predominance of short-term obligations, they are characterized by high turnover of current assets, which is associated with the mobility of business, and therefore their share in total assets is less than the average or large enterprise in the same industry, as a consequence of a small business typically has a lower liquidity. Given the use of financial management company able to independently solve the problems of financial management.