ENTREPRENEURIAL PLANNING
FINANCIAL PLANNING AND ANALYSIS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Identify alternative courses of action
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Analyzing and evaluating current financial situation and needs
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Evaluate alternatives and consider the environment’s factors
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Implementing the recommendations
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Detailed explanation-1: -The first stage of the financial planning process constitutes assessment on what is happening in your life right now and how you can change your financial situation.
Detailed explanation-2: -Step 1: Understand your current financial situation. Step 2: Write down your financial goals. Step 3: Look at the different investment options. Step 4: Create and implement a customized plan for you. Step 5: Re-evaluate and revise your plan. 13-Feb-2023
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