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 Analysis
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Objective Setting
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Plan Monitoring
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Financial Plan Recommendation
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Detailed explanation-1: -Determining your future needs in terms of investment, resources, funds. Determining the sources of funds. Managing or utilizing these funds efficiently. Identifying risks and issues in the plan.
Detailed explanation-2: -The main objective of financial planning is that sufficient fund should be available in the company for different purposes such as for purchase of long term assets, to meet day-to-day expenses, etc. It ensures timely availability of finance.
Detailed explanation-3: -1. Create and stick to a budget. Not only is budgeting one of the top financial goals people set each new year, but it’s also the foundation you should build all your other money goals on. A budget is how you make progress with your money.