ENTREPRENEURSHIP

Detailed explanation-1: -At the most basic level, a budget is a way to keep track of the money you are getting and the money you are spending.

Detailed explanation-2: -The main elements of a financial plan include a retirement strategy, a risk management plan, a long-term investment plan, a tax reduction strategy, and an estate plan.

Detailed explanation-3: -Overview of Strategic Financial Planning During an organization’s planning cycle there will be models supporting different types of planning processes such as sales planning, headcount planning, revenue and expense planning, and capital planning. These models are designed to collect data at the micro level.