How to Develop a Financial Plan and Budgeting
Jan 22, 2024 4:03:09 GMT
Post by account_disabled on Jan 22, 2024 4:03:09 GMT
No successful company can do without competent financial planning and budgeting. However, even experienced entrepreneurs make mistakes. Ekaterina Suprun, a financial expert at Finmap and a speaker at well-known educational courses, will tell you in simple words: how to properly develop a financial plan and budgeting, how to avoid mistakes, and what you must take into account.
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Reading Fax Lists time 9 minutes Understanding the names Financial planning vs financial model vs budget vs financial strategy What indicators are we planning: How to start working effectively with a budget Stages of preparatory work Let's move on to planning What this Budget or Financial Model will show: What to consider when drawing up Where to get data for planning? Top 5 common mistakes of entrepreneurs Bottom line Understanding the names In terms of different names, many people are confused about what financial planning , financial model , financial strategy and budget are .
And what's the difference between the two? So, let's understand the boring theory. Financial planning vs financial model vs budget vs financial strategy How to develop a financial plan, understand the concepts Financial strategy is the company’s financial goals, a navigator for business development. Answers the global question “Where is the company going?” Financial planning/financial model - modeling the future for your business. See in numbers where the business is moving, what results will be and what resources are needed to achieve them.