ENTREPRENEURIAL PLANNING
FINANCIAL PLANNING AND ANALYSIS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Data Gathering
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Financial Plan Recommendation
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Plan Monitoring
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Objective Setting
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Detailed explanation-1: -When should you review your financial plan? This depends on your own circumstances but should be at least annually, and probably also when something major happens to your personal or financial situation. Think of your own personal circumstances over the last 5 to 10 years.
Detailed explanation-2: -To assess any life changes that could have a financial impact. We’ll review your circumstances to ensure your plans are still in line with your lifestyle and objectives, both short, medium and long term. If you have had a change in your life, which could impact your finances, we need to be made aware.
Detailed explanation-3: -Define your short-and long-term goals. Audit your current income, savings, and long-term savings and investing plan. Address shortfalls/adjust goals. Account for multiple future scenarios. Develop a comprehensive financial plan. Implement and monitor that plan. More items •21-Dec-2021