Thursday, November 18th, 2010 10:55:51
Obama’s Uncertain Economy No Good for Business
Businesses need predictability to plan, invest and expand. Is this a theoretical understanding of how businesses work? No — it comes from the reality of practice.
While earning an MBA in finance and the Chartered Financial Analyst designation, I learned the theories of corporate finance and investing. With this solid foundation, I worked for more than a decade in operational, corporate finance, deciding when to hire, when to fire, when to invest in additional capital equipment and when to sever financial obligations due to uncertainty.
From my first job during business school valuing businesses to my most recent financial position heading up corporate financial planning for a $3 billion business, I learned that there is one thing that corporate finance likes: stability. This allows businesses to plan, to hire and to create contracts.