Business financial health can be determined by implementing a financial plan. Prepare your financial plan by following the steps below.

1. FINANCIAL PLAN
4 Ways to Create
Business financial health can be determined by
implementing a financial plan. Prepare your
financial plan by following the steps below.
Thinking about what your company wants
to accomplish with a strategic plan helps.
Look at numbers first, then consider what
you need to achieve your goals.
1
CompareYour Goals
Consider what it will cost to achieve your
goals. Include various scenarios. Create a
range to predict the impact of each
optimistic and pessimistic scenario.
2
Plan Your Finances
Examine your cash flow statement and
assets and formulate a plan for when the
business encounters a crisis or when the
cash flow is interrupted.
3
Contingency Planning
Review your cash flow statement, income
projections, and business ratios, and make
adjustments as necessary. Be proactive to
spot potential problems early.
4
Compare Your Goals
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