Borrowing and Raising
Who this book is for
Người làm tài chính trong doanh nghiệp Việt Nam, kế toán trưởng, phụ trách tài chính, người kiêm cả sổ sách lẫn dòng tiền ở công ty vài chục người. Người đọc là NGƯỜI LÀM NGHỀ: họ giữ con số và phải giải thích chúng, nhưng người quyết chi thường là người khác. Sách nói về tài chính DOANH NGHIỆP, không phải đầu tư hay tài chính cá nhân.
Sound familiar?
- Needs money urgently, so borrows from the weakest position, and the terms reflect it.
- Financial records aren't ready, so every bank question means a week of preparation.
- Can't work out how the monthly repayment will affect cash flow.
- Compares loans by headline rate rather than by true cost.
After reading, you can
Help a finance person prepare to borrow or raise and understand the true cost of each.
Each chapter answers one question
Chapter 1: Am I borrowing to grow, or to patch a hole?
Will this money create new cash flow or plug a gap?
Borrowing to multiply something that works is very different from borrowing to patch something broken.
Chapter 2: Does a low interest rate mean a cheap loan?
What does this loan really cost me, all in?
The interest rate is only part of it; fees, collateral and covenants are the rest.
Chapter 3: Do lenders fund your idea, or something else?
If the bank asked today, what document pack could I hand over?
Lenders do not assess your idea; they assess your ability to repay and how organised you are.
Chapter 4: Why is money you never repay the most expensive?
If I sell part of the company, what do I gain and what do I lose?
Equity does not have to be repaid, and that is exactly where it is most expensive.
Chapter 5: Does the hard part start after the loan is signed?
What share of my cash flow goes on monthly debt repayments?
Signing day is the easiest day; the months that follow are what must be managed.