Why Financial Planning Is Important For Doing Business In India?
Financial planning for a business in India is key to its long-term viability. Without a strategy in place, it’s easy for a business to get derailed or lose sight of the bigger picture. By focusing on key assets, evaluating their expected cash flows, and mapping out future opportunities, financial planning helps a business see where it needs to grow or cut costs to continue generating future returns without breaking the bank. It also provides an overview of all sources of income, showing how much cash they will bring in and what they will cost. Financial planning also helps a business set goals and identify which risks are most likely to impact them. What is Financial Planning? Financial planning is the process by which a business offers a framework to achieve its objectives in a planned and organized manner. Financial analysis and planning set the company in the direction of the best use of its finances. It is the process of evaluating the capital needed for a business and figuri...