Proper financial control is essential to keep a business...

Proper financial control is essential to keep a business financed because effective management of financial resources directly influences the ability to secure and maintain funding. Financial control involves budgeting, forecasting, and monitoring financial performance, all of which are crucial to ensuring a business can cover its operational costs, invest in growth opportunities, and manage debts.

When a company exercises stringent financial control, it ensures that there is a clear understanding of its cash flows, expenses, and revenue generation. This fosters an environment in which funds can be allocated efficiently, minimizing waste and identifying potential areas for financial support. Additionally, good financial control enhances the credibility of the business with investors and lenders, making it easier to obtain financing when needed.

While keeping a business balanced, informed, and efficient are also important aspects of overall management, they do not directly correlate with the concept of financing in the same way. Balanced financial practice may refer to the equity and debt proportion or managing various accounts, informed management often relates to decision-making based on financial data, and efficiency emphasizes resource optimization. However, financing specifically ties back to the direct control and management of the financial resources that enable continued operations and growth.