In my daily job, I navigate different avenues of corporate finance and manage hundreds of millions dollar of annual budget. Outside of work, I read and research extensively about personal finance and play with my gold pot that will hopefully reach 7 figures in a couple of years. Corporate finance and personal finance by definition are very different disciplines, but they are also similar in some key concepts. In fact, I found it is interesting to examine our household finance under the corporate finance microscope.
So here comes this series, in which I attempt to look at our family finance in the light of corporate finance.
INTRODUCTION TO BUSINESS
MM Household is a multi-national holding company that extends across a number of different business lines. At this moment, it includes four 100%-owned subsidiaries:
Money Manager Co. offers first-class corporate finance controllership service, people management and finance professional development courses. Currently we are dedicating our resource to support the Asia Pacific operation of a Fortune 50 company in the IT industry.
Perfect Future Publishing Co. was started in 2003 to offer free personal finance tips, independent reviews and experience sharing online in the U.S. market. Perfect Future Publishing Co. is supported by advertising revenue.
Expat Service Co. is our newest subsidiary that just started in late 2006. It partners with global relocation management companies to offer leading destination services and cross cultural training to expatriate families relocated to China.
Value Invest Co. is the investment arm of MM Household that engages in a number of investing opportunities to seek maximum return of the company's financial assets.
Next: The Cash Flow Chart of MM Household.