Define Finance: L.J. Gitman says, Finance is concerned with the process, institutions, markets and instruments involved in the transfer of money among individuals, business and governments”.// So we can say that, Finance is the combination of different activities like raising of funds, investments of funds and management of funds to accomplish the objectives of an individuals or of a firm. How does a company founded and run by twenty-somethings, reporting a string of start-up losses, justify a market valuation that exceeds older companies with decades of track records (and earnings)? Compare Snap’s $32 billion market value with well-established companies like Nike ($90 billion in market value), Target ($30 bil), Goodyear ($9 bil), General Mills ($35 bil), or HP ($29 bil).
For example…perhaps your hobby is collecting sports cards. The profits will come from selling a variety of sports cards; football, basketball, soccer, hockey, and other popular sports. Profits can be gained by fundraising at sport events or consider conducting workshops and seminars answering frequently asked questions about sport cards as a hobby or investment.