Financial Planning
Businesses need finance to put in place the facilities needed for carrying on the business, to pay the people and organizations who provide any service for them and to pay taxes and other dues to government. This is not a one-time process but a continuing one involving a continuous flow of funds in and out of the business. Managing this flow in a manner that allows uninterrupted business operations can be seen as the primary purpose of financial planning.
Financial planning can also help businesses to plan for growth by bringing out the financial implications, and the means of meeting these, of various growth strategies.
topic editor
T. Gopinathan -
Business should benefit the community as well as the businessperson.