2. 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
3. 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
4. • 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
5. 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
6. 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
7. Thank you
For more information visit
https://www.linkedin.com/pub/sam
yak-veera/b/418/809
Samyak Veera
