raaman
Valued Contributor
The financial plan is a document that allows organizations to calculate their expenses to verify the viability of their business, and thus, observe how long it will take to achieve their goals. The main objective of the financial plan is to define the strategies necessary to achieve the economic purposes of a business, efficiently taking advantage of its resources and generating positive results.
On the other hand, the financial plan is also what helps analyze whether the business is a profitable project with sufficient liquidity and solvency to continue. Therefore, the financial plan defines the profitability of the project, helps create strategies to improve finances for the business, identify the current and future financial needs for the business, and plan potential funding sources.
On the other hand, the financial plan is also what helps analyze whether the business is a profitable project with sufficient liquidity and solvency to continue. Therefore, the financial plan defines the profitability of the project, helps create strategies to improve finances for the business, identify the current and future financial needs for the business, and plan potential funding sources.
