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Asked: 2023-01-26T14:28:59+00:00 In:

Outline four purposes served by the financial plan section of a business plan. (4 marks) Oct/Nov, 2022

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Outline four purposes served by the financial plan section of a business plan.
(4 marks)
Oct/Nov, 2022

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    1. Establishing financial goals: The financial plan section of a business plan is used to establish financial goals for the business, such as revenue targets, profitability, and growth.
    2. Projecting financial performance: The financial plan section is used to project the financial performance of the business over a period of time, including revenue, expenses, and cash flow.
    3. Identifying funding needs: The financial plan section is used to identify funding needs for the business, including the amount of capital needed to start or grow the business, and sources of funding.
    4. Supporting the overall business plan: The financial plan section supports the overall business plan by providing financial information and projections that demonstrate the potential success of the business to potential investors and lenders.
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