What financial plan entails

[Johnson2468]

All sizes and types of business need to have a financial plan. It entails making a strategy to reach your financial goals, monitoring it, and making changes as necessary.

 

[Suba]

Financial planning is a process, a financial management strategy to achieve business goals as well as to increase productivity, through the allocation of funds to a project or investment. Financial planning is dynamic, meaning it can change according to circumstances and time.

 

[nomad]

Financial planning means planning your finances based on your expected expenses and expected income. You need cash flow management skills.

 

[hastral45]

The kin& of business you intend to have would definitely determine the kind of financial plan you will have. The bigger the business the bigger the plan.

 

[Stardom22]

Financial planning is a key component for the success of a business. It comprises of mornitoring and evaluation of policies towards achieving the goals of the business.

 

[Shavkat]

It is also related to financial management. All financial aspects should be checked and monitored to determine if there is something wrong with the working capital of the company.

 

[uptrendfinancialsignal]

Financial plan is essential for each and every individual it is a very wonderful thing that each and everyone must choose.

 

[Reedex]

Financia plans are very important for the proper management of your finances and you must ensure that you involve yourself in a robust and a very detailed financial plans to succeed.

 

[uptrendfinancialsignal]

Someone who lacks financial plan, lacks focus and to make successful be extremely difficult.

 

[Bisolami]

All sizes and types of business need to have a financial plan. It entails making a strategy to reach your financial goals, monitoring it, and making changes as necessary.

It entails planning how to spend your money and all of your finances so that you will have a way to save money.

 

[Niyi Briggs]

A financial plan is a strategic record that let's a person know at one glance how the business hopes to manage cash flow in a business. A strong financial plan sets a business on the path to profitabilty.

 

[flower]

Financial plan is very critical for the development of each and every businesses and I think that is what everyone must be able to incoporate in order to achieve great success in the business that you have planned.

 

[eldavis]

For me i believe financial plans should entail how to get the money in the first place and how you would manege the money to be able to generate more.

 

[Springtime]

Every business needs to have a financial plan. It involves the allocation of financial resources to achieve your business goal. A financial plan should include a budget, sales and expenditure forecast as well as cash flow projection.

 

[Niyi Briggs]

Financial plan has to do with a detailed road map of how funds would be realized and spent in an organization. Financial plan has to be realistic and reflect what is obtainable in the market.

 

[Elendu]

Before you can make a plan, you need to know where you stand financially and make a list of your assets, debts, income, and expenses, and determine your net worth which will help you identify areas where you can improve your financial situation.

 

[Niyi Briggs]

Before you can make a plan, you need to know where you stand financially and make a list of your assets, debts, income, and expenses, and determine your net worth which will help you identify areas where you can improve your financial situation.

Your financial position is very important when making financial plans. It helps you to know the range of financial resources to allocate and how to allocate them.

 

[IB D]

Every business needs to have a financial plan. It involves the allocation of financial resources to achieve your business goal. A financial plan should include a budget, sales and expenditure forecast as well as cash flow projection.

A financial plan must contain different kinds of expenditure budgets ranging from production budget, marketing budgets and so on. It would also show the revenue that is projected to come into tye organization.

 

[Bisolami]

A financial plan should consist of everything that has to do with money in a business as long as it is about spending money and receiving money. As we all know, finance is all about money

A financial plan must contain different kinds of expenditure budgets ranging from production budget, marketing budgets and so on. It would also show the revenue that is projected to come into tye organization.

 

[Etini Willie]

Two things that must be reflected in financial planning is the long term and short term financial goals of he business organization. It should show how cash is expected to enter and leave the business.