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Page 1: Samyak veera-financial planning for business

Financial Financial Planning For Planning For BusinessBusiness

Samyak Veera

Page 2: Samyak veera-financial planning for business

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

Page 3: Samyak veera-financial planning for business

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

Page 4: Samyak veera-financial planning for business

• 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

Page 6: Samyak veera-financial planning for business

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