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Business financial planning is the task of determining how a business will afford to achieve its strategic goals and objectives. Usually, a company creates a Financial Plan immediately after the vision and objectives have been set. The Financial Plan describes each of the activities, resources, equipment and materials that are needed to achieve these objectives, as well as the timeframes involved.

The Financial Planning activity involves the following tasks:

  • Assess the business environment
  • Confirm the business vision and objectives
  • Identify the types of resources needed to achieve these objectives
  • Quantify the amount of resource (labor, equipment, materials)
  • Calculate the total cost of each type of resource
  • Summarize the costs to create a budget
  • Identify any risks and issues with the budget set

Performing Financial Planning is critical to the success of any organization. It provides the Business Plan with rigor, by confirming that the objectives set are achievable from a financial point of view. It also helps the CEO to set financial targets for the organization, and reward staff for meeting objectives within the budget set.

When drafting a financial plan, the company should establish the planning horizon,[2] which is the time period of the plan, whether it be on a short-term (usually 12 months) or long-term (2–5 years) basis. Also, the individual projects and investment proposals of each operational unit within the company should be totalled and treated as one large project.

The role of financial planning includes three categories:

  • Strategic role of financial management
  • Objectives of financial management
  • The planning cycle

3 weeks ago

Torbay Financial Services

Feels great to be open again😃 and so lovely to be back in St Marychurch precinct with all our fellow traders.
The office is open
10:00 am - 2 pm
Monday to Friday

Paul the Adviser is also available anytime Monday to Saturday for appointments via telephone, zoom or by appointment in the office.

All initial meetings are free.

☎️ Paul 07891 614559
...

Feels great to be open again😃 and so lovely to be back in St Marychurch precinct with all our fellow traders. 
The office is open 
10:00 am - 2 pm
Monday to Friday 

Paul the Adviser is also available anytime Monday to Saturday for appointments via telephone, zoom or by appointment in the office.

All initial meetings are free.

☎️ Paul 07891 614559

The hunt for yield in the new normal

Over the last decade the hunt for yield has been a consistent theme for markets, driven predominantly by the ultra-low policy rates we have seen in almost all developed economies. However, the consequences of the global coronavirus pandemic that took hold in early 2020 has created new challenges for income investors.

Diversification and flexibility are key when seeking income in this challenging environment The coronavirus pandemic has led to a number of companies cutting or suspending their dividends Investors should look beyond traditional income sources

Read more in the Quilter article attached 📰

www.quilter.com/siteassets/quilter/documents/220-0805-the-hunt-for-yield-in-the-new-normal.pdf
...

The hunt for yield in the new normal

Over the last decade the hunt for yield has been a consistent theme for markets, driven predominantly by the ultra-low policy rates we have seen in almost all developed economies. However, the consequences of the global coronavirus pandemic that took hold in early 2020 has created new challenges for income investors.

Diversification and flexibility are key when seeking income in this challenging environment The coronavirus pandemic has led to a number of companies cutting or suspending their dividends Investors should look beyond traditional income sources

Read more in the Quilter article attached 📰

https://www.quilter.com/siteassets/quilter/documents/220-0805-the-hunt-for-yield-in-the-new-normal.pdf

Brexit: Where are we now?

With less than a month to go until the UK has to formally decide whether or not to extend the Brexit transition period past 31 December 2020, Quilter takes a look at where Brexit currently stands and the impact the coronavirus crisis has had on negotiations.

www.quilter.com/siteassets/quilter/about-us/coronavirus/latest-from-our-experts/brexit-where-are-...
...

Brexit: Where are we now?

With less than a month to go until the UK has to formally decide whether or not to extend the Brexit transition period past 31 December 2020, Quilter takes a look at where Brexit currently stands and the impact the coronavirus crisis has had on negotiations.

https://www.quilter.com/siteassets/quilter/about-us/coronavirus/latest-from-our-experts/brexit-where-are-we-now.pdf
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Guide To Investing Brochure

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(Adobe PDF)

66 Fore Street
St Marychurch, Torquay
Devon TQ1 4LX

e: paul@torbayfinancialservices.co.uk
t: 01803 411460   m: 07891 614559

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