1. Financial plan

2. Financial plan
A financial plan can be a budget, a plan for
spending and saving future income. This plan
allocates future income to various types of
expenses, such as rent or utilities, and also
reserves some income for short term and long
term saving.
financial planning is the process of formulating
policies and strategies relating to the
investment and administration of funds for the
smooth functioning of an enterprise.

3. Types of Financial Plans
 short term financial plan
Medium term financial plan
Long term financial plan

4. Features of small business finance
 Creditworthiness.
 More need for liquid assets.
 More dependence on borrowings.
 Personal management and control.

5. Financial needs of an organization
Start up expenses.
 Land and building
 Machinery, equipments and tools
 Furniture and office equipments
 Raw material and inventory
 Advertising and promotion
 Requirements like legal certificates
 Partnership agreements
Operational expenses
Personnel expenses