The Ability to Manage Financial Resources is the capacity to effectively use financial assets and capacities in order to achieve desired outcomes. This includes recognizing when financial resources are necessary, familiarizing yourself with available options, and using financial resources responsibly. On a larger scale, this also means assessing risk, managing cash flow, and making sound investments that will yield maximum returns for the business. It requires knowledge, foresight, and confidence – key elements needed for any successful manager or entrepreneur.