First it’s the funds? Last we talked many of your said you’d like to discuss finances for your #GamePlan more as your top concern, with Marketing and the Customer Service close behind. Financial Planning is about determining how a business can afford to achieve its vision and strategic goals in financial terms.
Companies normally create a Financial Plan immediately after the vision and objectives have been set.This should cover each of the activities, resources, equipment and materials needed to achieve the objectives, including time frames and is important as a way to monitor:
– Costing and pricing of goods and services
– Understanding and projecting financial statements e.g. Profit and Loss and cash flow
– Creating enough working capital for your business through forward planning
– To keep your debtors informed
If you’re one of our finalists, Nyamuka may be helping you with capital! This can be a major issue – what other financing options are out there? Would they work for your #GamePlan
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