Financial planning is very important in any person’s life. Your life can be badly affected if there is no financial planning because everything family vacation or your career goals will have a financial planning component to it. This is where financial management process also has an important role in today’s business. Not planning this aspect properly paves the way for debt problems faced by millions of people. Customer management process is also crucial to any business.

You have to ensure that the customers stay satisfied and happy and attend to their complaints on time. Debt finance is nothing but selling of bonds, mortgages or notes held by a business. In other words it means borrowing money so that your business can run properly. Debt financing for the long term involves larger assets such as equipment, buildings, machinery and land. Short term debt financing is mostly related to business operations such as payroll, inventory purchasing and supplies. The repayment of short term debt financing happens in less than a year. The advantage of debt financing is that you need not have to give up future profits or ownership in the company just as in the case of equity financing.