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Samyak veera-financial planning for business
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Financial Financial Planning For Planning For BusinessBusiness
Samyak Veera
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What is Financial Planning
• Financial planning is the task of determining how a business will afford to achieve its strategic goals and objectives.
• The financial plan is a self-supporting document intended to support and direct the actions of the business.
• It explains what your business can afford, how it can afford to do it and what the expected profits will be.
Samyak Veera
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Financial Planning Steps• Ideally, you should have a business plan template
or financial worksheet that should include short-term and longer-term(balance sheet,income statement and cash flow statement).
• Next, pull together all of the research you have gathered on the costs you will incur before you launch the company to determine the capital investment needed.
Samyak Veera
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• Think about what will drive revenues in your first years of operation. Create assumptions based on these revenue drivers, scaling up revenues at a conservative, but appropriate rate.• Finally, double check that the cash flow statement shows an ending cash balance that remains positive at all times.
Samyak Veera
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Benefits of Financial Planning
• Protecting your income and assets
• Creating annual budgets lets you see your big expenses, plan for them, reduce them if necessary.
• Financial planning includes estimating your taxes and adjusting your estimates as your sales rise and fall.
• It will highlight periods where your business may need extra financial help.
Samyak Veera
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Business growth can be achieved byfinancial
planning.If our financial structure and planning
will be strong then it will automatically enhance the business growth.
Samyak Veera
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Thank you
For more information visit
https://www.linkedin.com/pub/samyak-veera/b/418/809
Samyak Veera