Key protection against the risk of financial consequences to your business
Business
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
Our Facebook page is brimming with information, facts and blurb about us as a local family run business 🙂
Please log on, like and share....what else is there to do on a wet and windy lunch hour??? ⛈🌬☔
BETWEEN THE LINES week 2
In this week's edition you will find articles and graphics including:
📌Something in the air
📌Supermarket sweep
📌On a (sausage) roll: Greggs
📌Electric dreams
📌Alphabet turns over a new Page
📌No time to die?: Aston Martin
...and more.
www.quilterinvestors.com/Documents/Literature/corporate/btl/Between-the-Lines-Week-2.pdf
Received a lovely Thank You card from Rob @sSHOT BY ROB and the committee from The Rainbow Ball The Rainbow Ball
We were more than happy to help sponsor and attend the Ball agian this year. What a wonderful night.
A spectaculor £20,065 was raised for Rowcroft and The Elton John Aids Foundation.
Understanding your needs & requirements 🤷♂️🤷♀️
Investing in what is best suited to you means we need to understand more about you. For instance, what you are investing for? Do you have a goal in mind? What is your investment experience?
We will take you through a fact find where we ask about your current financial situation, your investment goals and your objectives. We will also ask about your feelings concerning your investment. How you feel about risk, and your expectations, are important parts of getting the right investment for you.
We will consider your tax position to check that you are using any appropriate tax relief and allowance entitlements.
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What does investing mean?
Simply put, investing is the process of putting aside money which we don't need to spend now, so that we have more to spend in the future.
What we all aim for is achieving a good return on that money.
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#saving
#nevertooyoung
#nevertooold
#youngmoneyblog
#futureplans
#itsuptoyou
#pensions
#investments
Professional Financial Advice Brochure
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Guide To Investing Brochure
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