Good-Guy
VIP Contributor
There are so many people who usually overlook the power of finance in any field. I do not claim that Finance is the only important thing because I believe that it is still possible to start a business without enough capital, but I think that when it comes to 95 percent of business opportunities, finance plays a very huge role. One of the main reasons why finance plays a big role is due to the fact that finance is just like the root of business just like plants have roots. It is not possible for plants to survive without roots and roots are the main building block of a plant's life.
Similarly, finance is also one of the basic building block of a business. It might be possible that a business might survive without marketing, sales, employees, etc. However, as long as a company has enough cash reserves and assets like capital, it was resurrect its business in much better way and I think that this is exactly what happened during the time of pandemic. Many companies simply went bankrupt and they failed to survive because they never had enough capital, while many big companies like Apple, Microsoft, Amazon, etc managed to survive during those tough times because they had much capital in hand.
Similarly, finance is also one of the basic building block of a business. It might be possible that a business might survive without marketing, sales, employees, etc. However, as long as a company has enough cash reserves and assets like capital, it was resurrect its business in much better way and I think that this is exactly what happened during the time of pandemic. Many companies simply went bankrupt and they failed to survive because they never had enough capital, while many big companies like Apple, Microsoft, Amazon, etc managed to survive during those tough times because they had much capital in hand.